Zscaler (ZS) Equity Average (2017 - 2026)
Zscaler's (ZS) quarterly Equity Average came in at $2.4 billion in Q3 2026, up 33.02% year-over-year from $1.8 billion in Q3 2025, and up 14.74% quarter-over-quarter from $2.1 billion in Q1 2026.
Powered by 
Analysis
Zscaler (ZS) Equity Average (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Equity Average for 10 consecutive years, with $2.4 billion the latest figure, recorded in Q3 2026.
- On a quarterly basis, Equity Average rose 33.02% year-over-year to $2.4 billion in Q3 2026; TTM through Jul 2026 was $2.4 billion, a 33.02% increase from a year earlier, with the FY2026 full-year figure at $2.2 billion, up 43.08% from the prior year.
- Equity Average was $2.4 billion for Q3 2026 at Zscaler, up from $2.1 billion in the prior quarter.
- Over five years, Equity Average peaked at $2.4 billion in Q3 2026 and troughed at $480.0 million in Q1 2023.
- A 5-year average of $1.1 billion and a median of $954.6 million in 2024 frame the typical range for Equity Average.
- Across the five-year window, Equity Average fell 10.25% in 2023 and soared 84.01% in 2024, its largest moves.
- Over 5 years, Equity Average stood at $502.3 million in 2022, then surged by 52.57% to $766.3 million in 2023, then soared by 76.34% to $1.4 billion in 2024, then soared by 39.92% to $1.9 billion in 2025, then rose by 26.78% to $2.4 billion in 2026.
- The last three Equity Average figures came in at $2.4 billion (Q3 2026), $2.1 billion (Q1 2026), and $1.9 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 27.58 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 4.91 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 1.27 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 2.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 4.18 Bn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.60 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | 2.40 Bn |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 2.96 Bn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 6.94 Bn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 40.96 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 2.40 Bn |
| Jan 31, 2026 | 2.09 Bn |
| Oct 31, 2025 | 1.89 Bn |
| Jul 31, 2025 | 1.80 Bn |
| Apr 30, 2025 | 1.71 Bn |
| Jan 31, 2025 | 1.52 Bn |
| Oct 31, 2024 | 1.35 Bn |
| Jul 31, 2024 | 1.18 Bn |
| Apr 30, 2024 | 1.03 Bn |
| Jan 31, 2024 | 883.19 Mn |
| Oct 31, 2023 | 766.32 Mn |
| Jul 31, 2023 | 663.19 Mn |
| Apr 30, 2023 | 564.97 Mn |
| Jan 31, 2023 | 479.97 Mn |
| Oct 31, 2022 | 502.29 Mn |
| Jul 31, 2022 | 552.44 Mn |
| Apr 30, 2022 | 535.47 Mn |
| Jan 31, 2022 | 534.78 Mn |
| Oct 31, 2021 | 529.55 Mn |
| Jul 31, 2021 | 518.50 Mn |
API Access
Zscaler Equity Average 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=equity-average&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "equity-average", "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=equity-average&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();