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| Date | Value |
|---|---|
| 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 |