Zscaler (ZS) Capital Expenditures (2017 - 2026)
Zscaler's (ZS) quarterly Capital Expenditures came in at $17.4 million in Q1 2026, down 17.12% year-over-year from $21.0 million in Q1 2025, and down 1.58% quarter-over-quarter from $17.7 million in Q4 2025.
Zscaler (ZS) Capital Expenditures (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Capital Expenditures for 10 consecutive years, with $17.4 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Capital Expenditures fell 17.12% year-over-year to $17.4 million in Q1 2026; TTM through Jan 2026 was $155.9 million, a 21.37% increase from a year earlier, with the FY2026 full-year figure at $277.3 million, up 68.83% from the prior year.
- Capital Expenditures was $17.4 million for Q1 2026 at Zscaler, down from $17.7 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $60.8 million in Q2 2025 and troughed at $14.0 million in Q1 2022.
- A 5-year average of $29.6 million and a median of $26.2 million in 2023 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures surged 290.49% in 2022 and tumbled 32.07% in 2025, its largest moves.
- Over 5 years, Capital Expenditures stood at $25.2 million in 2022, then rose by 13.72% to $28.7 million in 2023, then dropped by 21.74% to $22.4 million in 2024, then fell by 21.2% to $17.7 million in 2025, then fell by 1.58% to $17.4 million in 2026.
- The last three Capital Expenditures figures came in at $17.4 million (Q1 2026), $17.7 million (Q4 2025), and $60.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 78.00 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 3.09 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 27.28 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 21.05 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 3.17 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 6.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | -1.68 Bn |
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 17.76 Mn |
| Oct 31, 2025 | 17.31 Mn |
| Jul 31, 2025 | 60.05 Mn |
| Apr 30, 2025 | 72.16 Mn |
| Jan 31, 2025 | 15.02 Mn |
| Oct 31, 2024 | 17.03 Mn |
| Jul 31, 2024 | 49.38 Mn |
| Apr 30, 2024 | 35.65 Mn |
| Jan 31, 2024 | 30.89 Mn |
| Oct 31, 2023 | 28.66 Mn |
| Jul 31, 2023 | 27.07 Mn |
| Apr 30, 2023 | 26.24 Mn |
| Jan 31, 2023 | 18.68 Mn |
| Oct 31, 2022 | 25.20 Mn |
| Jul 31, 2022 | 21.25 Mn |
| Apr 30, 2022 | 27.60 Mn |
| Jan 31, 2022 | 13.99 Mn |
| Oct 31, 2021 | 6.45 Mn |
| Jul 31, 2021 | 13.95 Mn |
| Apr 30, 2021 | 14.81 Mn |
Zscaler Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=ZS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();