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Zscaler, Inc. cash flow statement

In fiscal 2026, Zscaler, Inc.'s operations generated $1.13bn of cash; it spent $277m on capital projects, leaving free cash flow of $852m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Jul 20162017Jul 20172018Jul 20182019Jul 20192020Jul 20202021Jul 20212022Jul 20222023Jul 20232024Jul 20242025Jul 20252026Jul 2026
Cash from operations−12−61758792023224627809721,130
Depreciation and amortisation————————66104149
Stock-based pay4101146121259410445528661822
Capital spending58132643486997145164277
Free cash flow−17−1443336154253365635808852
Free cash flow after stock pay−21−24−7−14−85−105−157−8010814730
Share buybacks004000—————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Zscaler, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Zscaler, Inc.