Zscaler (ZS) Operating Expenses (2017 - 2026)

Zscaler (ZS) has 10 years of Operating Expenses data on file, last reported at $676.3 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $676.3 million, up 25.34% year-over-year; the trailing twelve-month figure through Jan 2026 was $2.4 billion (up 23.11% YoY), and the FY2025 annual result was $2.2 billion, up 20.49% from the prior year.
• Operating Expenses climbed to $676.3 million in Q1 2026 per ZS's latest filing, 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.
• A 5-year average of $454.3 million and a median of $437.9 million in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 70.67% in 2022, then gained 15.63% in 2024.
• A 5-year view of Operating Expenses shows it stood at $347.9 million in 2022, then gained 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 advanced by 5.71% to $676.3 million in 2026.
• Business Quant data shows ZS's Operating Expenses at $676.3 million in Q1 2026, $639.7 million in Q4 2025, and $579.2 million in Q3 2025.