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Verisign vs Zscaler: revenue, profit, margins and growth compared

Verisign brought in $1.7B of revenue in fiscal 2025, Zscaler $3.4B in fiscal 2026. Revenue changed by +6.4% at Verisign and +25.4% at Zscaler on the year before, so Zscaler grew faster. Verisign kept 49.8% of its revenue as net profit, Zscaler -1.9%. Free cash flow was $1.1B at Verisign and $852.4M at Zscaler.

Side by side, latest fiscal year

VRSNZS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (July 31, 2026)
Revenue$1.7B$3.4B
Revenue growth+6.4%+25.4%
Net income$825.7M-$63.2M
Net margin49.8%-1.9%
Free cash flow$1.1B$852.4M
Free cash flow margin64.5%25.4%
Earnings per share (diluted)n/a-$0.39
Cash$307.9M$928.4M
Debtn/an/a
Price to earningsn/an/a
Market value$25.9B$31.2B
Dividend yield0.80%n/a
Rank by revenue in sector#166 of 530 · Technology#113 of 530 · Technology

Over the years

Revenue
VRSN FY2018: $1.2BVRSN FY2019: $1.2BVRSN FY2020: $1.3BVRSN FY2021: $1.3BVRSN FY2022: $1.4BVRSN FY2023: $1.5BVRSN FY2024: $1.6BVRSN FY2025: $1.7BZS FY2019: $302.8MZS FY2020: $431.3MZS FY2021: $673.1MZS FY2022: $1.1BZS FY2023: $1.6BZS FY2024: $2.2BZS FY2025: $2.7BZS FY2026: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
VRSN $1.7BZS $3.4B
Net income
VRSN FY2018: $582.5MVRSN FY2019: $612.3MVRSN FY2020: $814.9MVRSN FY2021: $784.8MVRSN FY2022: $673.8MVRSN FY2023: $817.6MVRSN FY2024: $785.7MVRSN FY2025: $825.7MZS FY2019: -$28.7MZS FY2020: -$115.1MZS FY2021: -$262MZS FY2022: -$390.3MZS FY2023: -$202.3MZS FY2024: -$57.7MZS FY2025: -$41.5MZS FY2026: -$63.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
VRSN $825.7MZS -$63.2M
Net margin
VRSN FY2018: 47.9%VRSN FY2019: 49.7%VRSN FY2020: 64.4%VRSN FY2021: 59.1%VRSN FY2022: 47.3%VRSN FY2023: 54.8%VRSN FY2024: 50.4%VRSN FY2025: 49.8%ZS FY2019: -9.5%ZS FY2020: -26.7%ZS FY2021: -38.9%ZS FY2022: -35.8%ZS FY2023: -12.5%ZS FY2024: -2.7%ZS FY2025: -1.6%ZS FY2026: -1.9%FY18FY19FY20FY21FY22FY23FY24FY25FY26
VRSN 49.8%ZS -1.9%
Revenue growth
VRSN FY2019: +1.4%VRSN FY2020: +2.7%VRSN FY2021: +4.9%VRSN FY2022: +7.3%VRSN FY2023: +4.8%VRSN FY2024: +4.3%VRSN FY2025: +6.4%ZS FY2020: +42.4%ZS FY2021: +56.1%ZS FY2022: +62.1%ZS FY2023: +48.2%ZS FY2024: +34.1%ZS FY2025: +23.3%ZS FY2026: +25.4%FY19FY20FY21FY22FY23FY24FY25FY26
VRSN +6.4%ZS +25.4%
Free cash flow
VRSN FY2018: $660.8MVRSN FY2019: $713.6MVRSN FY2020: $686.8MVRSN FY2021: $754.2MVRSN FY2022: $803.7MVRSN FY2023: $808MVRSN FY2024: $874.5MVRSN FY2025: $1.1BZS FY2019: $32.5MZS FY2020: $36.2MZS FY2021: $153.9MZS FY2022: $252.6MZS FY2023: $365.1MZS FY2024: $635.3MZS FY2025: $808.2MZS FY2026: $852.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
VRSN $1.1BZS $852.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Verisign and Zscaler

Which is bigger by revenue, Verisign or Zscaler?

Zscaler is bigger by revenue: $3.4B in fiscal 2026, against $1.7B for Verisign in fiscal 2025.

Which keeps more of its revenue as profit, Verisign or Zscaler?

Verisign had a net margin of 49.8% in fiscal 2025; Zscaler had -1.9% in fiscal 2026.

Which grew revenue faster, Verisign or Zscaler?

In their latest fiscal years revenue changed by +6.4% at Verisign and +25.4% at Zscaler.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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