Zscaler (ZS) Acquisitions (2019 - 2025)

Zscaler (ZS) posted quarterly Acquisitions of $672.8 million for Q4 2025, up 80569.06% quarter-over-quarter from $834000.0 in Q1 2025.

Zscaler (ZS) Acquisitions (2019 - 2025) Analysis & Trends

Zscaler (ZS) has reported Acquisitions for 7 consecutive years, with $672.8 million the latest figure, recorded in Q4 2025.

In Q4 2025, Acquisitions changed N/A year-over-year to $672.8 million; the TTM figure through Jan 2026 stood at $672.8 million (up 81.26% YoY), while the FY2025 annual figure was $834000.0, down 99.78% from the prior year.
Acquisitions advanced to $672.8 million in Q4 2025 per ZS's latest filing, from $834000.0 in the prior quarter.
Across five years, Acquisitions topped out at $672.8 million in Q4 2025 and bottomed at $834000.0 in Q1 2025.
Historically, Acquisitions has averaged $125.5 million across 5 years, with a median of $15.6 million in 2023.
Annual changes were most pronounced in 2021 — Acquisitions tumbled 63.79% — and 2024, when it jumped 2184.75%.
Zscaler's Acquisitions stood at $11.1 million in 2021, then jumped by 124.19% to $24.9 million in 2022, then slumped by 82.43% to $4.4 million in 2023, then surged by 195.2% to $12.9 million in 2024, then surged by 5106.87% to $672.8 million in 2025.
Business Quant data shows ZS's Acquisitions at $672.8 million in Q4 2025, $834000.0 in Q1 2025, and $12.9 million in Q3 2024.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Acquisitions (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn	-
2	Oracle	433.50 Bn	402.15 Bn	-	-
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn	-
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn	1.99 Bn
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn	-
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn	-
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn	-
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn	-
9	Block	49.79 Bn	43.33 Bn	3.17 Bn	-
10	Zscaler	29.48 Bn	26.12 Bn	624.49 Mn	-

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