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-on-year from $21.0 million in Q1 2025, and down 1.58% on a QoQ basis from $17.7 million in Q4 2025.
Zscaler (ZS) Capital Expenditures (2017 - 2026) Analysis & Trends
Zscaler (ZS) has 10 years of Capital Expenditures data on file, last reported at $17.4 million 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 $73.2 million, a 3.62% decrease from a year earlier, with the FY2025 full-year figure at $81.5 million, up 62.02% from the prior year.
- Capital Expenditures for Q1 2026 stood at $17.4 million, down from $17.7 million in the prior quarter.
- Over the last five years, Capital Expenditures for ZS reached as high as $77.4 million in Q2 2024 and fell as low as -$44.9 million in Q3 2024.
- Historically, Capital Expenditures has averaged $12.7 million across 5 years, with a median of $17.4 million in 2026.
- Across the five-year window, Capital Expenditures plunged 291.84% in 2022 and jumped 651.13% in 2023, its largest moves.
- Year by year, Capital Expenditures stood at $7.6 million in 2022, then slipped by 2.77% to $7.4 million in 2023, then soared by 201.91% to $22.4 million in 2024, then dropped by 21.2% to $17.7 million in 2025, then dropped by 1.58% to $17.4 million in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $17.4 million in Q1 2026, $17.7 million in Q4 2025, and -$22.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 932.00 Mn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -46.55 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 16.49 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 7.40 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 170.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -130.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 56.00 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -6.39 Mn |
| 10 | Zscaler | 22.71 Bn | 19.35 Bn | 624.49 Mn | 17.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 17.39 Mn |
| Jan 31, 2026 | 17.39 Mn |
| Oct 31, 2025 | 17.67 Mn |
| Oct 31, 2025 | 17.67 Mn |
| Jul 31, 2025 | -22.70 Mn |
| Jul 31, 2025 | -22.70 Mn |
| Apr 30, 2025 | 60.79 Mn |
| Apr 30, 2025 | 60.79 Mn |
| Jan 31, 2025 | 20.99 Mn |
| Jan 31, 2025 | 20.99 Mn |
| Oct 31, 2024 | 22.43 Mn |
| Oct 31, 2024 | 22.43 Mn |
| Jul 31, 2024 | -44.90 Mn |
| Jul 31, 2024 | -44.90 Mn |
| Apr 30, 2024 | 77.39 Mn |
| Apr 30, 2024 | 77.39 Mn |
| Jan 31, 2024 | 10.39 Mn |
| Jan 31, 2024 | 10.39 Mn |
| Oct 31, 2023 | 7.43 Mn |
| Oct 31, 2023 | 7.43 Mn |