Zscaler (ZS) Common Equity (2017 - 2026)
Zscaler (ZS) posted quarterly Common Equity of $2.2 billion for Q1 2026, up 36.62% year-over-year from $1.6 billion in Q1 2025, and up 10.78% quarter-over-quarter from $2.0 billion in Q4 2025.
Zscaler (ZS) Common Equity (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Common Equity for 10 consecutive years, with $2.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Common Equity rose 36.62% year-over-year to $2.2 billion; the TTM figure through Jan 2026 stood at $2.2 billion (up 36.62% YoY), while the FY2025 annual figure was $1.8 billion, up 41.22% from the prior year.
- Common Equity advanced to $2.2 billion in Q1 2026 per ZS's latest filing, from $2.0 billion in the prior quarter.
- Across five years, Common Equity topped out at $2.2 billion in Q1 2026 and bottomed at $431.3 million in Q4 2022.
- Historically, Common Equity has averaged $1.1 billion across 5 years, with a median of $958.9 million in 2024.
- Annual changes were most pronounced in 2022 — Common Equity dropped 18.66% — and 2023, when it jumped 87.24%.
- Zscaler's Common Equity stood at $431.3 million in 2022, then soared by 87.24% to $807.5 million in 2023, then soared by 76.9% to $1.4 billion in 2024, then jumped by 38.77% to $2.0 billion in 2025, then advanced by 10.78% to $2.2 billion in 2026.
- Business Quant data shows ZS's Common Equity at $2.2 billion in Q1 2026, $2.0 billion in Q4 2025, and $1.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 442.39 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 42.51 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 9.88 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 27.67 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 1.55 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 1.62 Bn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 30.55 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 5.02 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 22.05 Bn |
| 10 | Zscaler | 29.48 Bn | 26.12 Bn | 624.49 Mn | 2.20 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 2.20 Bn |
| Oct 31, 2025 | 1.98 Bn |
| Jul 31, 2025 | 1.80 Bn |
| Apr 30, 2025 | 1.80 Bn |
| Jan 31, 2025 | 1.61 Bn |
| Oct 31, 2024 | 1.43 Bn |
| Jul 31, 2024 | 1.27 Bn |
| Apr 30, 2024 | 1.09 Bn |
| Jan 31, 2024 | 958.86 Mn |
| Oct 31, 2023 | 807.53 Mn |
| Jul 31, 2023 | 725.11 Mn |
| Apr 30, 2023 | 601.27 Mn |
| Jan 31, 2023 | 528.66 Mn |
| Oct 31, 2022 | 431.28 Mn |
| Jul 31, 2022 | 573.30 Mn |
| Apr 30, 2022 | 531.58 Mn |
| Jan 31, 2022 | 539.37 Mn |
| Oct 31, 2021 | 530.20 Mn |
| Jul 31, 2021 | 528.90 Mn |
| Apr 30, 2021 | 508.11 Mn |