Workday (WDAY) 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
Workday (WDAY) has outperformed Zscaler (ZS) over the past year, losing 21.7% versus a loss of 25.8%. Over five years, ZS leads with a -20.1% price change compared with -31.1% for WDAY. Workday is the larger company by market cap ($44.97 billion vs $38.11 billion), about 1.2 times the size, while Zscaler is growing revenue faster (+25.4% vs +13.1%).
On valuation, Workday trades at a lower forward P/E (14.1x vs 41.7x for Zscaler). Workday converts more of its revenue into profit, with a net margin of 7.3% 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 | WDAY | ZS |
|---|---|---|
| Share price | $186.59 | $233.73 |
| Market cap | $44.97B | $38.11B |
| 1-day change | -0.65% | +7.80% |
| YTD return | -13.13% | +3.92% |
| 1-year return | -21.67% | -25.85% |
| 5-year return | -31.15% | -20.15% |
| P/E ratio (TTM) | 38.00 | — |
| Forward P/E | 14.10 | 41.72 |
| EPS (TTM) | $4.91 | $-0.39 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $9.55B | $3.35B |
| Revenue growth (YoY) | +13.09% | +25.42% |
| Net income (latest FY) | $693.00M | $-63.18M |
| Gross margin | — | 76.80% |
| Operating margin | 7.55% | -3.98% |
| Net margin | 7.26% | -1.88% |
| 52-week high | $247.40 | $336.99 |
| 52-week low | $110.36 | $114.63 |
| Distance from 52-week high | -24.58% | -30.64% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +11.61% | -0.15% |
| Average volume | 3.85M | 2.82M |
| Shares outstanding | 196.00M | 163.05M |
| Employees | 20,896 | 8,700 |
| Sector | Technology | Technology |
| Industry | EDP 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
- Workday is more profitable, keeping 7.3 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 +13.09%).
About Workday
WDAY stock →Workday, Inc. provides enterprise cloud applications in the United States and internationally.
Technology · EDP Services · 20,896 employees
About Zscaler
ZS stock →Zscaler, Inc. operates as a cloud security company worldwide.
Technology · Software - Infrastructure · 8,700 employees
WDAY vs ZS FAQ
Which is bigger, Workday or Zscaler?
Workday (WDAY) is larger, with a market capitalization of $44.97B compared with $38.11B for Zscaler (ZS).
Which stock has performed better over the past year, WDAY or ZS?
WDAY returned -21.67% over the past 12 months, compared with -25.85% for ZS (price return, excluding dividends). Past performance does not predict future results.
Are Workday and Zscaler in the same industry?
Both are in the Technology sector, but in different industries: EDP Services for Workday and Software - Infrastructure for Zscaler.