Zscaler (ZS) Cost of Revenue (2017 - 2026)
Zscaler's (ZS) quarterly Cost of Revenue came in at $191.3 million in Q1 2026, up 28.8% year-over-year from $148.5 million in Q1 2025, and up 3.52% quarter-over-quarter from $184.8 million in Q4 2025.
Powered by 
Analysis
Zscaler (ZS) Cost of Revenue (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Cost of Revenue for 10 consecutive years, with $191.3 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 28.8% year-over-year to $191.3 million in Q1 2026; TTM through Jan 2026 was $704.2 million, a 30.78% increase from a year earlier, with the FY2026 full-year figure at $777.6 million, up 25.79% 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 $191.3 million in Q1 2026 and troughed at $57.8 million in Q1 2022.
- A 5-year average of $119.1 million and a median of $117.2 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 69.28% in 2022 and grew 23.46% in 2024, its largest moves.
- Over 5 years, Cost of Revenue stood at $76.7 million in 2022, then jumped by 45.24% to $111.4 million in 2023, then advanced by 26.99% to $141.5 million in 2024, then surged by 30.6% to $184.8 million in 2025, then gained by 3.52% to $191.3 million in 2026.
- The last three Cost of Revenue figures came in at $191.3 million (Q1 2026), $184.8 million (Q4 2025), and $172.2 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
API Access
Zscaler Cost of Revenue 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=cost-of-revenue&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();