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Zscaler, Inc. logo

Zscaler, Inc.

ZSRank #305TechnologySoftware - Infrastructure

Market Cap

$28.9B

Global Rank

#305

All-Time High

$52.0B

2021-12-31

Total Growth

+0%

since 2026

Market Cap Context

  • Larger than 17% of the 367 companies we track (globally).
  • Equivalent to 0.1% of United States's GDP (2025 data).
  • Just above: #304 Baidu, Inc. ($29.0B)
  • Just below: #306 Xylem Inc. ($28.8B)
  • Best year: 2020 (+329%). Worst year: 2022 (-65%).

Zscaler, Inc. Financial Breakdown (FY 2025)

Source: Yahoo Finance — ZS annual filings (2025)

$2.7B revenue · $-0.1B operating income · $-0.0B net income

  • Operating margin: -4.8% on $2.7B in revenue.
  • R&D is 25.2% of revenue ($0.7B).
  • Net income margin: -1.6% — $-0.0B in profit.
  • Free cash flow: $0.7B (27.2% of revenue).

Cost / Operating Expenses

Total operating expenses $2.8B

Total

$2.8B

Cost of revenue· Product / service delivery costs (COGS)$0.6B22.1%
Research & development$0.7B24.0%
Sales & marketing$1.3B44.9%
General & administrative$0.3B8.9%

Capital Expenditures

$0.2B

This fiscal year (near-total AI infrastructure buildout)

Free Cash Flow

$0.7B

Trailing twelve months

Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.

About Zscaler, Inc.

Zscaler, Inc. (ZS) is a United States-based company in the Software - Infrastructure industry, part of the Technology sector. With a current market capitalization of $28.9B, it is ranked #305 among the world's largest companies. Its market cap peaked at $52.0B and reached as high as rank #197 in 2021.

Zscaler, Inc. Market Cap History (20262026)

Zscaler, Inc. vs Sector Peers by Market Cap

MongoDB, Inc.MDB
$35.3B
Zscaler, Inc.ZS
$28.9B
Zoom Communications, Inc.ZM
$28.1B
Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST
$27.8B
HP Inc.HPQ
$26.6B
Okta, Inc.OKTA
$25.0B
Atlassian CorporationTEAM
$24.6B
Fair Isaac CorporationFICO
$22.4B

Compare Zscaler, Inc.

Ranking History

YearMarket CapRankYoY Change
2026$28.9B#305(19)-20.6%
2025$36.4B#286(17)+24.7%
2024$29.2B#303(32)-18.6%
2023$35.8B#271(45)+98.0%
2022$18.1B#316(119)-65.2%
2021$52.0B#197(48)+60.9%
2020$32.3B#245(80)+329.5%
2019$7.5B#325(10)+18.6%
2018$6.3B#315

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FAQ

What is Zscaler, Inc.'s market cap?

Zscaler, Inc. (ZS) has a market capitalization of $28.9B, making it the #305 largest company in the world by market cap.

What was Zscaler, Inc.'s highest market cap?

Zscaler, Inc.'s all-time high market cap was $52.0B, reached in 2021-12-31. Its highest rank was #197 in 2021.

What sector is Zscaler, Inc. in?

Zscaler, Inc. is in the Technology sector, specifically the Software - Infrastructure industry. It is based in United States.

How has Zscaler, Inc.'s market cap changed over time?

Zscaler, Inc. has been tracked since 2026. Its market cap has grown by 0% from $28.9B in 2026 to $28.9B today.