Zscaler (ZS) Enterprise Value (2018 - 2026)
Zscaler (ZS) posted quarterly Enterprise Value of -$3.4 billion for Q1 2026, down 16.72% year-over-year from -$4.0 billion in Q1 2025, and down 1.22% quarter-over-quarter from -$3.3 billion in Q4 2025.
Analysis
Zscaler (ZS) Enterprise Value (2018 - 2026) Analysis & Trends
Zscaler (ZS) has reported Enterprise Value for 10 consecutive years, with -$3.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Enterprise Value fell 16.72% year-over-year to -$3.4 billion; the TTM figure through Jan 2026 stood at -$3.4 billion (down 16.72% YoY), while the FY2025 annual figure was -$2.7 billion, down 20.65% from the prior year.
- Enterprise Value retreated to -$3.4 billion in Q1 2026 per ZS's latest filing, from -$3.3 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$1.4 billion in Q3 2022 and bottomed at -$3.4 billion in Q1 2026.
- Historically, Enterprise Value has averaged -$2.3 billion across 5 years, with a median of -$2.3 billion in 2024.
- Annual changes were most pronounced in 2022 — Enterprise Value increased 6.14% — and 2023, when it plunged 45.93%.
- Zscaler's Enterprise Value stood at -$1.6 billion in 2022, then slumped by 45.93% to -$2.3 billion in 2023, then slipped by 10.82% to -$2.6 billion in 2024, then slipped by 28.93% to -$3.3 billion in 2025, then dropped by 1.22% to -$3.4 billion in 2026.
- Business Quant data shows ZS's Enterprise Value at -$3.4 billion in Q1 2026, -$3.3 billion in Q4 2025, and -$2.7 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn |
| 10 | Zscaler | 27.01 Bn | 23.50 Bn | 624.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 24.22 Bn |