Zscaler (ZS) Market Capitalization (2018 - 2026)
Zscaler's (ZS) quarterly Market Capitalization came in at $24.7 billion in Q3 2026, down 45.46% year-over-year from $45.2 billion in Q3 2025, and down 23.23% quarter-over-quarter from $32.1 billion in Q1 2026.
Zscaler (ZS) Market Capitalization (2018 - 2026) Analysis & Trends
Zscaler (ZS) has reported Market Capitalization for 9 consecutive years, with $24.7 billion the latest figure, recorded in Q3 2026.
- On a quarterly basis, Market Capitalization fell 45.46% year-over-year to $24.7 billion in Q3 2026; TTM through Jul 2026 was $24.7 billion, a 45.46% decrease from a year earlier, with the FY2026 full-year figure at $24.7 billion, down 45.46% from the prior year.
- Market Capitalization was $24.7 billion for Q3 2026 at Zscaler, down from $32.1 billion in the prior quarter.
- Over five years, Market Capitalization peaked at $52.8 billion in Q4 2025 and troughed at $13.1 billion in Q2 2023.
- A 5-year average of $29.2 billion and a median of $27.5 billion in 2024 frame the typical range for Market Capitalization.
- Across the five-year window, Market Capitalization tumbled 54.3% in 2023 and surged 99.09% in 2024, its largest moves.
- Over 5 years, Market Capitalization stood at $22.2 billion in 2022, then climbed by 5.91% to $23.5 billion in 2023, then climbed by 17.85% to $27.7 billion in 2024, then surged by 90.39% to $52.8 billion in 2025, then sank by 53.31% to $24.7 billion in 2026.
- The last three Market Capitalization figures came in at $24.7 billion (Q3 2026), $32.1 billion (Q1 2026), and $52.8 billion (Q4 2025), per Business Quant data.
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
| Date | Value |
|---|---|
| Jul 31, 2026 | 24.65 Bn |
| Jan 31, 2026 | 32.12 Bn |
| Oct 31, 2025 | 52.81 Bn |
| Jul 31, 2025 | 45.20 Bn |
| Apr 30, 2025 | 35.21 Bn |
| Jan 31, 2025 | 31.35 Bn |
| Oct 31, 2024 | 27.74 Bn |
| Jul 31, 2024 | 27.35 Bn |
| Apr 30, 2024 | 26.17 Bn |
| Jan 31, 2024 | 35.29 Bn |
| Oct 31, 2023 | 23.54 Bn |
| Jul 31, 2023 | 23.60 Bn |
| Apr 30, 2023 | 13.14 Bn |
| Jan 31, 2023 | 18.01 Bn |
| Oct 31, 2022 | 22.22 Bn |
| Jul 31, 2022 | 22.18 Bn |
| Apr 30, 2022 | 28.76 Bn |
| Jan 31, 2022 | 36.27 Bn |
| Oct 31, 2021 | 44.65 Bn |
| Jul 31, 2021 | 32.71 Bn |
Zscaler Market Capitalization 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=market-capitalization&ticker=ZS&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();