ZS Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-01-31), ZS reported revenue of $816M, gross profit of $624M (76.6% gross margin), operating income of −$52M, and net income of −$34M (-4.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ZS reported a net loss; revenue grew 25.9% year over year, and EPS missed consensus by $0.03.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +25.9% | −344.2% | Not available |
| Quarter over quarter | +3.5% | −195.4% | Not available |
EPS was $-0.08 versus $-0.05 expected.
ZS Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $816M | 100% |
| Cost of Revenue | −$191M | 23.4% |
| Gross Profit | $624M | 76.6% |
| Research & Development | −$229M | 28.1% |
| Selling, General & Administrative | −$447M | 54.8% |
| Operating Income | −$52M | -6.3% |
| Other Income, net | $30M | 3.7% |
| Income Tax Expense | −$13M | 1.6% |
| Net Income | −$34M | -4.2% |
Source: original SEC filing (filed 2026-02-26). Accession 0001713683-26-000047. Data normalized by EarningsFyi.