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

Wipro brought in $10.4B of revenue in fiscal 2025, Zscaler $3.4B in fiscal 2026. Revenue changed by -3.2% at Wipro and +25.4% at Zscaler on the year before, so Zscaler grew faster. Wipro kept 14.7% of its revenue as net profit, Zscaler -1.9%. Free cash flow was $1.8B at Wipro and $852.4M at Zscaler.

Side by side, latest fiscal year

WITZS
Fiscal year endedFY2025 (March 31, 2025)FY2026 (July 31, 2026)
Revenue$10.4B$3.4B
Revenue growth-3.2%+25.4%
Net income$1.5B-$63.2M
Net margin14.7%-1.9%
Free cash flow$1.8B$852.4M
Free cash flow margin17.4%25.4%
Earnings per share (diluted)$0.14-$0.39
Cash$1.4B$928.4M
Debtn/an/a
Price to earningsn/an/a
Market value$17.3B$31.2B
Dividend yieldn/an/a
Rank by revenue in sector#57 of 530 · Technology#113 of 530 · Technology

Over the years

Revenue
WIT FY2018: $8.4BWIT FY2019: $8.5BWIT FY2020: $8.1BWIT FY2021: $8.5BWIT FY2022: $10.4BWIT FY2023: $11BWIT FY2024: $10.8BWIT FY2025: $10.4BZS FY2019: $302.8MZS FY2020: $431.3MZS FY2021: $673.1MZS FY2022: $1.1BZS FY2023: $1.6BZS FY2024: $2.2BZS FY2025: $2.7BZS FY2026: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
WIT $10.4BZS $3.4B
Net income
WIT FY2018: $1.2BWIT FY2019: $1.3BWIT FY2020: $1.3BWIT FY2021: $1.5BWIT FY2022: $1.6BWIT FY2023: $1.4BWIT FY2024: $1.3BWIT FY2025: $1.5BZS FY2019: -$28.7MZS FY2020: -$115.1MZS FY2021: -$262MZS FY2022: -$390.3MZS FY2023: -$202.3MZS FY2024: -$57.7MZS FY2025: -$41.5MZS FY2026: -$63.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
WIT $1.5BZS -$63.2M
Net margin
WIT FY2018: 14.7%WIT FY2019: 15.3%WIT FY2020: 15.9%WIT FY2021: 17.4%WIT FY2022: 15.4%WIT FY2023: 12.5%WIT FY2024: 12.3%WIT FY2025: 14.7%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
WIT 14.7%ZS -1.9%
Revenue growth
WIT FY2019: +1.2%WIT FY2020: -4.5%WIT FY2021: +4.6%WIT FY2022: +23.1%WIT FY2023: +5.6%WIT FY2024: -2.2%WIT FY2025: -3.2%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
WIT -3.2%ZS +25.4%
Free cash flow
WIT FY2018: $957MWIT FY2019: $1.4BWIT FY2020: $1BWIT FY2021: $1.8BWIT FY2022: $1.2BWIT FY2023: $1.4BWIT FY2024: $2BWIT FY2025: $1.8BZS FY2019: $32.5MZS FY2020: $36.2MZS FY2021: $153.9MZS FY2022: $252.6MZS FY2023: $365.1MZS FY2024: $635.3MZS FY2025: $808.2MZS FY2026: $852.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
WIT $1.8BZS $852.4M

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

Questions about Wipro and Zscaler

Which is bigger by revenue, Wipro or Zscaler?

Wipro is bigger by revenue: $10.4B in fiscal 2025, against $3.4B for Zscaler in fiscal 2026.

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

Wipro had a net margin of 14.7% in fiscal 2025; Zscaler had -1.9% in fiscal 2026.

Which grew revenue faster, Wipro or Zscaler?

In their latest fiscal years revenue changed by -3.2% at Wipro 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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