KPIs & Operating Metrics(New)
Growth Metrics

Zscaler (ZS) Cost Of Revenue (2019 - 2025)

Zscaler has reported Cost of Revenue over the past 10 years, most recently at $191.3 million for Q1 2026.

  • Quarterly Cost of Revenue fell 37.88% to $191.3 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $1.5 billion through Jan 2026, up 74.49% year-over-year, with the annual reading at $1.3 billion for FY2025, 14.44% up from the prior year.
  • Cost of Revenue was $191.3 million for Q1 2026 at Zscaler, up from $184.8 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $813.2 million in Q3 2025 and troughed at -$278.7 million in Q3 2022.
  • The 5-year median for Cost of Revenue is $184.8 million (2025), against an average of $216.5 million.
  • The largest YoY upside for Cost of Revenue was 392.94% in 2022 against a maximum downside of 61.38% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $76.7 million in 2022, then soared by 248.27% to $267.1 million in 2023, then crashed by 47.04% to $141.5 million in 2024, then soared by 30.6% to $184.8 million in 2025, then increased by 3.52% to $191.3 million in 2026.
  • Per Business Quant, the three most recent readings for ZS's Cost of Revenue are $191.3 million (Q1 2026), $184.8 million (Q4 2025), and $813.2 million (Q3 2025).