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-over-year from $89.9 million in Q1 2025, and up 104.42% quarter-over-quarter from -$482.9 million in Q4 2025.
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Analysis
Zscaler (ZS) Change in Receivables (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Change in Receivables for 10 consecutive years, with $21.3 million the latest figure, recorded 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 FY2026 full-year figure at $140.0 million, down 45.32% from the prior year.
- Change in Receivables was $21.3 million for Q1 2026 at Zscaler, up from -$482.9 million in the prior quarter.
- Over five years, Change in Receivables peaked at $376.5 million in Q3 2025 and troughed at -$482.9 million in Q4 2025.
- A 5-year average of $21.2 million and a median of $89.8 million in 2023 frame the typical range for Change in Receivables.
- Across the five-year window, Change in Receivables jumped 529.47% in 2023 and sank 76.28% in 2026, its largest moves.
- Over 5 years, 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 surged by 104.42% to $21.3 million in 2026.
- The last three Change in Receivables figures came in at $21.3 million (Q1 2026), -$482.9 million (Q4 2025), and $376.5 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 776.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 104.65 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | -29.90 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 146.59 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 151.65 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 305.83 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 69.26 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 83.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 21.33 Mn |
| Oct 31, 2025 | -482.86 Mn |
| Jul 31, 2025 | 376.52 Mn |
| Apr 30, 2025 | 101.54 Mn |
| Jan 31, 2025 | 89.93 Mn |
| Oct 31, 2024 | -311.98 Mn |
| Jul 31, 2024 | 231.37 Mn |
| Apr 30, 2024 | 23.97 Mn |
| Jan 31, 2024 | 112.71 Mn |
| Oct 31, 2023 | -215.08 Mn |
| Jul 31, 2023 | 206.86 Mn |
| Apr 30, 2023 | 17.80 Mn |
| Jan 31, 2023 | 89.84 Mn |
| Oct 31, 2022 | -130.64 Mn |
| Jul 31, 2022 | 127.89 Mn |
| Apr 30, 2022 | 2.83 Mn |
| Jan 31, 2022 | 97.55 Mn |
| Oct 31, 2021 | -84.93 Mn |
| Jul 31, 2021 | 91.48 Mn |
| Apr 30, 2021 | -4.55 Mn |
API Access
Zscaler Change in Receivables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-receivables&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-receivables&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();