ZS Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
73
Q1
46
Q2
40
Q3
45
FY2025
Q4
78
Q1
47
Q2
41
Q3
32
FY2026
Q4
40
0
Mix
Other ZS Charts
More quarter-by-quarter fundamentals for Zscaler, Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Networking & Security Comparison
1 / 3
CSCO · Rule of 40
Q4 FY2026 · latest
46.5✓ Passing
Growth +17.6%
FCF +29.0%
19
Q1
24
Q2
38
Q3
35
FY2025
Q4
27
Q1
20
Q2
33
Q3
47
FY2026
Q4
40
0
Mix
PANW · Rule of 40
Q4 FY2026 · latest
71.2✓ Passing
Growth +34.5%
FCF +36.8%
82
Q1
37
Q2
39
Q3
53
FY2025
Q4
84
Q1
30
Q2
57
Q3
71
FY2026
Q4
40
0
Mix
CRWD · Rule of 40
Q2 FY2027 · latest
51.5✓ Passing
Growth +25.8%
FCF +25.7%
51
Q3
48
FY2025
Q4
45
Q1
46
Q2
46
Q3
52
FY2026
Q4
59
Q1
51
FY2027
Q2
40
0
Mix
Latest Rule of 40: +32 (Q4 FY2026); −13 pts YoY.
Across the 8 quarters from Q1 FY2025 to Q4 FY2026, Rule of 40 ranged from +32 in Q4 FY2026 to +78 in Q1 FY2026.