Infosys (INFY) vs Zscaler (ZS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Zscaler (ZS) has outperformed Infosys (INFY) over the past year, losing 25.8% versus a loss of 37.1%. Over five years, ZS leads with a -20.1% price change compared with -54.2% for INFY. Infosys is the larger company by market cap ($43.46 billion vs $38.11 billion), about 1.1 times the size, while Zscaler is growing revenue faster (+25.4% vs +3.9%).
On valuation, Infosys trades at a lower forward P/E (12.7x vs 41.7x for Zscaler). Infosys pays a dividend yielding 4.85%, while Zscaler does not currently pay one. Infosys converts more of its revenue into profit, with a net margin of 16.4% versus -1.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | INFY | ZS |
|---|---|---|
| Share price | $10.73 | $233.73 |
| Market cap | $43.46B | $38.11B |
| 1-day change | +0.28% | +7.80% |
| YTD return | -39.79% | +3.92% |
| 1-year return | -37.10% | -25.85% |
| 5-year return | -54.23% | -20.15% |
| P/E ratio (TTM) | 13.25 | — |
| Forward P/E | 12.66 | 41.72 |
| EPS (TTM) | $0.81 | $-0.39 |
| Dividend yield | 4.85% | 0.00% |
| Annual dividend | $0.52 | $0.00 |
| Revenue (latest FY) | $19.28B | $3.35B |
| Revenue growth (YoY) | +3.85% | +25.42% |
| Net income (latest FY) | $3.16B | $-63.18M |
| Gross margin | 30.46% | 76.80% |
| Operating margin | 21.12% | -3.98% |
| Net margin | 16.38% | -1.88% |
| 52-week high | $30.00 | $336.99 |
| 52-week low | $10.12 | $114.63 |
| Distance from 52-week high | -64.23% | -30.64% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +8.76% | -0.15% |
| Average volume | 20.01M | 2.82M |
| Shares outstanding | 4.05B | 163.05M |
| Employees | 328,062 | 8,700 |
| Sector | Technology | Technology |
| Industry | Information Technology Services | Software - Infrastructure |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- ZS has outperformed INFY by 11.3 percentage points over the past year.
- Infosys offers a meaningfully higher dividend yield (4.85% vs 0.00%).
- Infosys is more profitable, keeping 16.4 cents of every revenue dollar as net income versus -1.9 cents for Zscaler.
- Zscaler grew revenue faster in its latest fiscal year (+25.42% vs +3.85%).
About Infosys
INFY stock →Infosys Limited provides consulting, technology, outsourcing, and digital services worldwide. The company offers insight services, such as applied and generative AI, sustainability services, and Infosys Topaz, an AI-first set of services, solutions, and platforms; blockchain, Internet of Things, and engineering services; cybersecurity and quality engineering services; and enterprise agile DevOps, API economy and microservices, application modernization, and digital process automation.
Technology · Information Technology Services · 328,062 employees
About Zscaler
ZS stock →Zscaler, Inc. operates as a cloud security company worldwide.
Technology · Software - Infrastructure · 8,700 employees
INFY vs ZS FAQ
Which is bigger, Infosys or Zscaler?
Infosys (INFY) is larger, with a market capitalization of $43.46B compared with $38.11B for Zscaler (ZS).
Which stock has performed better over the past year, INFY or ZS?
ZS returned -25.85% over the past 12 months, compared with -37.10% for INFY (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Infosys or Zscaler?
Infosys pays a dividend yielding 4.85%, while Zscaler does not currently pay a regular dividend.
Are Infosys and Zscaler in the same industry?
Both are in the Technology sector, but in different industries: Information Technology Services for Infosys and Software - Infrastructure for Zscaler.