Zscaler (ZS) Capital Expenditures (2017 - 2026)

Zscaler (ZS) reported Capital Expenditures of $17.2 million for Q1 2026, down 18.1% year-over-year from $21.0 million in Q1 2025, and down 2.74% quarter-over-quarter 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 $17.2 million in Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $17.2 million, down 18.1% year-over-year; the trailing twelve-month figure through Jan 2026 was $155.7 million (up 21.21% YoY), and the FY2025 annual result was $164.3 million, up 13.6% from the prior year.
  • Capital Expenditures eased to $17.2 million in Q1 2026 per ZS's latest filing, from $17.7 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $60.8 million in Q2 2025 and troughed at -$38.6 million in Q3 2023.
  • A 5-year average of $25.8 million and a median of $22.4 million in 2024 frame the typical range for Capital Expenditures.
  • The sharpest annual moves came in 2022 and 2023: Capital Expenditures soared 290.49% in 2022, then sank 281.65% in 2023.
  • A 5-year view of Capital Expenditures shows it stood at $25.2 million in 2022, then tumbled by 70.52% to $7.4 million in 2023, then soared by 201.91% to $22.4 million in 2024, then retreated by 21.2% to $17.7 million in 2025, then decreased by 2.74% to $17.2 million in 2026.
  • Business Quant data shows ZS's Capital Expenditures at $17.2 million in Q1 2026, $17.7 million in Q4 2025, and $60.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Microsoft 3,095.86 Bn 3,017.59 Bn 56.06 Bn 30.88 Bn
2 Alarum Technologies 1,030.32 Bn 1,016.16 Bn 7.23 Mn -
3 Oracle 614.12 Bn 575.54 Bn 15.14 Bn -2.34 Bn
4 Palantir Technologies 324.44 Bn 316.52 Bn 1.42 Bn 7.40 Mn
5 Palo Alto Networks 189.07 Bn 184.54 Bn 1.91 Bn 170.00 Mn
6 CrowdStrike Holdings 168.14 Bn 165.09 Bn 993.68 Mn 102.47 Mn
7 Fortinet 106.89 Bn 103.59 Bn 1.49 Bn 56.00 Mn
8 Cloudflare 88.20 Bn 87.25 Bn 455.60 Mn 65.23 Mn
9 Synopsys 88.13 Bn 88.01 Bn 1.77 Bn 35.32 Mn
10 Zscaler 20.81 Bn 17.30 Bn 624.49 Mn 17.19 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 17.19 Mn
Jan 31, 2026 17.19 Mn
Oct 31, 2025 17.67 Mn
Oct 31, 2025 17.67 Mn
Jul 31, 2025 60.05 Mn
Jul 31, 2025 60.05 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 49.38 Mn
Jul 31, 2024 49.38 Mn
Apr 30, 2024 35.65 Mn
Apr 30, 2024 35.65 Mn
Jan 31, 2024 52.12 Mn
Jan 31, 2024 52.12 Mn
Oct 31, 2023 7.43 Mn
Oct 31, 2023 7.43 Mn