Zscaler (ZS) Capital Expenditures (2017 - 2026)
Zscaler (ZS) posted quarterly Capital Expenditures of $17.4 million for 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.
- In Q1 2026, Capital Expenditures fell 17.12% year-over-year to $17.4 million; the TTM figure through Jan 2026 stood at $73.2 million (down 3.62% YoY), while the FY2025 annual figure was $81.5 million, up 62.02% from the prior year.
- Capital Expenditures slipped to $17.4 million in Q1 2026 per ZS's latest filing, from $17.7 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $77.4 million in Q2 2024 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Capital Expenditures slumped 291.84% — and 2023, when it soared 651.13%.
- Zscaler's Capital Expenditures stood at $7.6 million in 2022, then retreated by 2.77% to $7.4 million in 2023, then jumped by 201.91% to $22.4 million in 2024, then decreased by 21.2% to $17.7 million in 2025, then decreased by 1.58% to $17.4 million in 2026.
- Business Quant data shows ZS's Capital Expenditures at $17.4 million in Q1 2026, $17.7 million in Q4 2025, and -$22.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 35.80 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 16.49 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 14.55 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 83.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 78.00 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 49.96 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 81.41 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 6.42 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 8.58 Bn |
| 10 | Zscaler | 29.48 Bn | 26.12 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 |