Zscaler (ZS) Cost of Revenue (2017 - 2026)

Zscaler (ZS) has 10 years of Cost of Revenue data on file, last reported at $191.3 million 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 FY2025 full-year figure at $618.2 million, up 29.56% from the prior year.
• Cost of Revenue for Q1 2026 stood at $191.3 million, up from $184.8 million in the prior quarter.
• Over the last five years, Cost of Revenue for ZS reached as high as $191.3 million in Q1 2026 and fell as low as $57.8 million in Q1 2022.
• Historically, Cost of Revenue has averaged $119.1 million across 5 years, with a median of $117.2 million in 2024.
• Across the five-year window, Cost of Revenue soared 69.28% in 2022 and climbed 23.46% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $76.7 million in 2022, then surged by 45.24% to $111.4 million in 2023, then rose by 26.99% 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 data, the three most recent Cost of Revenue figures were $191.3 million in Q1 2026, $184.8 million in Q4 2025, and $172.2 million in Q3 2025.