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ZS Operating ROA

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As of the latest data point for Q2'26 (2026-01-31), ZS reported an ROA of -0.51%, an ROE of -1.56%, and an ROIC of -1.16%. All three profitability ratios remain negative, indicating continued challenges in generating returns on assets, equity, and invested capital. Over the period from Q3'23 to Q2'26, the chart shows that ZS experienced a brief improvement in Q3'24, with all metrics turning positive (ROA at 0.46%, ROE at 1.75%, ROIC at 0.94%), but this was not sustained. After Q3'24, all three ratios reverted to negative territory and have generally trended downward, with minor fluctuations. This pattern suggests persistent profitability pressures, despite a short-lived positive inflection, and highlights the company's ongoing struggle to achieve consistent positive returns.