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