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Zscaler (ZS) Operating Expenses: 2017-2025

Historic Operating Expenses for Zscaler (ZS) over the last 9 years, with Oct 2025 value amounting to $639.7 million.

  • Zscaler's Operating Expenses rose 23.70% to $639.7 million in Q4 2025 from the same period last year, while for Oct 2025 it was $2.3 billion, marking a year-over-year increase of 21.50%. This contributed to the annual value of $2.2 billion for FY2025, which is 20.49% up from last year.
  • As of Q4 2025, Zscaler's Operating Expenses stood at $639.7 million, which was up 10.44% from $579.2 million recorded in Q3 2025.
  • Over the past 5 years, Zscaler's Operating Expenses peaked at $639.7 million during Q4 2025, and registered a low of $176.8 million during Q1 2021.
  • Moreover, its 3-year median value for Operating Expenses was $471.4 million (2024), whereas its average is $481.3 million.
  • Data for Zscaler's Operating Expenses shows a peak YoY skyrocketed of 70.67% (in 2022) over the last 5 years.
  • Over the past 5 years, Zscaler's Operating Expenses (Quarterly) stood at $252.7 million in 2021, then soared by 37.68% to $347.9 million in 2022, then increased by 23.98% to $431.4 million in 2023, then rose by 19.89% to $517.2 million in 2024, then grew by 23.70% to $639.7 million in 2025.
  • Its Operating Expenses was $639.7 million in Q4 2025, compared to $579.2 million in Q3 2025 and $547.5 million in Q2 2025.