KPIs & Operating Metrics(New)
Growth Metrics

Zscaler (ZS) Operating Expenses (2017 - 2026)

Zscaler (ZS) has disclosed Operating Expenses for 10 consecutive years, with $676.3 million as the latest value for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 25.34% to $676.3 million in Q1 2026 year-over-year; TTM through Jan 2026 was $2.4 billion, a 23.11% increase, with the full-year FY2025 number at $2.2 billion, up 20.49% from a year prior.
  • Operating Expenses was $676.3 million for Q1 2026 at Zscaler, up from $639.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $676.3 million in Q1 2026 to a low of $281.7 million in Q1 2022.
  • A 5-year average of $454.3 million and a median of $437.9 million in 2024 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: skyrocketed 70.67% in 2022, then grew 15.63% in 2024.
  • Zscaler's Operating Expenses stood at $347.9 million in 2022, then increased by 23.98% to $431.4 million in 2023, then grew by 19.89% to $517.2 million in 2024, then increased by 23.7% to $639.7 million in 2025, then rose by 5.71% to $676.3 million in 2026.
  • Per Business Quant, the three most recent readings for ZS's Operating Expenses are $676.3 million (Q1 2026), $639.7 million (Q4 2025), and $579.2 million (Q3 2025).