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Zscaler (ZS) Operating Expenses (2017 - 2026)

Zscaler has reported Operating Expenses over the past 10 years, most recently at $676.3 million for Q1 2026.

  • Quarterly Operating Expenses rose 25.34% to $676.3 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.4 billion through Jan 2026, up 23.11% year-over-year, with the annual reading at $2.2 billion for FY2025, 20.49% up from the prior year.
  • Operating Expenses was $676.3 million for Q1 2026 at Zscaler, up from $639.7 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $676.3 million in Q1 2026 and troughed at $281.7 million in Q1 2022.
  • The 5-year median for Operating Expenses is $437.9 million (2024), against an average of $454.3 million.
  • Year-over-year, Operating Expenses skyrocketed 70.67% in 2022 and then grew 15.63% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $347.9 million in 2022, then grew by 23.98% to $431.4 million in 2023, then rose by 19.89% to $517.2 million in 2024, then grew by 23.7% to $639.7 million in 2025, then increased 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).