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.

• On a quarterly basis, Operating Expenses rose 25.34% year-over-year to $676.3 million in Q1 2026; TTM through Jan 2026 was $2.4 billion, a 23.11% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 20.49% from the prior year.
• Operating Expenses for Q1 2026 stood at $676.3 million, up from $639.7 million in the prior quarter.
• Over the last five years, Operating Expenses for ZS reached as high as $676.3 million in Q1 2026 and fell as low as $281.7 million in Q1 2022.
• Historically, Operating Expenses has averaged $454.3 million across 5 years, with a median of $437.9 million in 2024.
• Across the five-year window, Operating Expenses surged 70.67% in 2022 and increased 15.63% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $347.9 million in 2022, then grew by 23.98% to $431.4 million in 2023, then climbed by 19.89% to $517.2 million in 2024, then gained by 23.7% to $639.7 million in 2025, then increased by 5.71% to $676.3 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $676.3 million in Q1 2026, $639.7 million in Q4 2025, and $579.2 million in Q3 2025.