Zscaler (ZS) Enterprise Value (2018 - 2026)
Zscaler's (ZS) quarterly Enterprise Value came in at $21.2 billion in Q3 2026, down 49.13% year-over-year from $41.6 billion in Q3 2025, and down 25.95% quarter-over-quarter from $28.6 billion in Q1 2026.
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Analysis
Zscaler (ZS) Enterprise Value (2018 - 2026) Analysis & Trends
Zscaler (ZS) has reported Enterprise Value for 9 consecutive years, with $21.2 billion the latest figure, recorded in Q3 2026.
- On a quarterly basis, Enterprise Value fell 49.13% year-over-year to $21.2 billion in Q3 2026; TTM through Jul 2026 was $21.2 billion, a 49.13% decrease from a year earlier, with the FY2026 full-year figure at $21.2 billion, down 49.13% from the prior year.
- Enterprise Value was $21.2 billion for Q3 2026 at Zscaler, down from $28.6 billion in the prior quarter.
- Over five years, Enterprise Value peaked at $49.5 billion in Q4 2025 and troughed at $11.2 billion in Q2 2023.
- A 5-year average of $26.7 billion and a median of $25.0 billion in 2024 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value plunged 58.76% in 2023 and soared 114.11% in 2024, its largest moves.
- Over 5 years, Enterprise Value stood at $20.4 billion in 2022, then grew by 3.99% to $21.2 billion in 2023, then gained by 17.99% to $25.0 billion in 2024, then jumped by 97.72% to $49.5 billion in 2025, then tumbled by 57.2% to $21.2 billion in 2026.
- The last three Enterprise Value figures came in at $21.2 billion (Q3 2026), $28.6 billion (Q1 2026), and $49.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 21.18 Bn |
| Jan 31, 2026 | 28.60 Bn |
| Oct 31, 2025 | 49.48 Bn |
| Jul 31, 2025 | 41.63 Bn |
| Apr 30, 2025 | 32.21 Bn |
| Jan 31, 2025 | 28.47 Bn |
| Oct 31, 2024 | 25.03 Bn |
| Jul 31, 2024 | 24.94 Bn |
| Apr 30, 2024 | 23.93 Bn |
| Jan 31, 2024 | 32.83 Bn |
| Oct 31, 2023 | 21.21 Bn |
| Jul 31, 2023 | 21.50 Bn |
| Apr 30, 2023 | 11.17 Bn |
| Jan 31, 2023 | 16.11 Bn |
| Oct 31, 2022 | 20.40 Bn |
| Jul 31, 2022 | 20.45 Bn |
| Apr 30, 2022 | 27.10 Bn |
| Jan 31, 2022 | 34.65 Bn |
| Oct 31, 2021 | 43.07 Bn |
| Jul 31, 2021 | 31.21 Bn |
API Access
Zscaler Enterprise Value 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=enterprise-value&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();