Zscaler (ZS) Change in Receivables (2017 - 2026)

Zscaler's (ZS) quarterly Change in Receivables came in at $21.3 million in Q1 2026, down 76.28% year-on-year from $89.9 million in Q1 2025, and up 104.42% on a QoQ basis from -$482.9 million in Q4 2025.

Zscaler (ZS) Change in Receivables (2017 - 2026) Analysis & Trends

Zscaler (ZS) has 10 years of Change in Receivables data on file, last reported at $21.3 million in Q1 2026.

  • On a quarterly basis, Change in Receivables fell 76.28% year-over-year to $21.3 million in Q1 2026; TTM through Jan 2026 was $16.5 million, a 50.37% decrease from a year earlier, with the FY2025 full-year figure at $256.0 million, up 67.37% from the prior year.
  • Change in Receivables for Q1 2026 stood at $21.3 million, up from -$482.9 million in the prior quarter.
  • Over the last five years, Change in Receivables for ZS reached as high as $376.5 million in Q3 2025 and fell as low as -$482.9 million in Q4 2025.
  • Historically, Change in Receivables has averaged $21.2 million across 5 years, with a median of $89.8 million in 2023.
  • Across the five-year window, Change in Receivables soared 529.47% in 2023 and slumped 76.28% in 2026, its largest moves.
  • Year by year, Change in Receivables stood at -$130.6 million in 2022, then plunged by 64.64% to -$215.1 million in 2023, then tumbled by 45.05% to -$312.0 million in 2024, then plunged by 54.78% to -$482.9 million in 2025, then soared by 104.42% to $21.3 million in 2026.
  • Per Business Quant data, the three most recent Change in Receivables figures were $21.3 million in Q1 2026, -$482.9 million in Q4 2025, and $376.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 4.71 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -234.16 Mn
3 Oracle 329.59 Bn 297.69 Bn - -11.00 Mn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 360.97 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 758.00 Mn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 348.72 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn -205.20 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn -1.40 Mn
10 Zscaler 22.71 Bn 19.35 Bn 624.49 Mn 21.33 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 21.33 Mn
Jan 31, 2026 21.33 Mn
Oct 31, 2025 -482.86 Mn
Oct 31, 2025 -482.86 Mn
Jul 31, 2025 376.52 Mn
Jul 31, 2025 376.52 Mn
Apr 30, 2025 101.54 Mn
Apr 30, 2025 101.54 Mn
Jan 31, 2025 89.93 Mn
Jan 31, 2025 89.93 Mn
Oct 31, 2024 -311.98 Mn
Oct 31, 2024 -311.98 Mn
Jul 31, 2024 231.37 Mn
Jul 31, 2024 231.37 Mn
Apr 30, 2024 23.97 Mn
Apr 30, 2024 23.97 Mn
Jan 31, 2024 112.71 Mn
Jan 31, 2024 112.71 Mn
Oct 31, 2023 -215.08 Mn
Oct 31, 2023 -215.08 Mn