Zscaler (ZS) Operating Leases (2019 - 2026)
Zscaler's (ZS) quarterly Operating Leases came in at $94.6 million in Q3 2026, up 118.16% year-over-year from $43.4 million in Q3 2025, and up 0.52% quarter-over-quarter from $94.1 million in Q1 2026.
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Analysis
Zscaler (ZS) Operating Leases (2019 - 2026) Analysis & Trends
Zscaler (ZS) has reported Operating Leases for 8 consecutive years, with $94.6 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Leases rose 118.16% year-over-year to $94.6 million in Q3 2026; TTM through Jul 2026 was $94.6 million, a 118.16% increase from a year earlier, with the FY2026 full-year figure at $94.6 million, up 118.16% from the prior year.
- Operating Leases was $94.6 million for Q3 2026 at Zscaler, up from $94.1 million in the prior quarter.
- Over five years, Operating Leases peaked at $94.6 million in Q3 2026 and troughed at $29.3 million in Q1 2022.
- A 5-year average of $49.4 million and a median of $44.2 million in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases slumped 30.27% in 2025 and surged 129.96% in 2026, its largest moves.
- Over 5 years, Operating Leases stood at $51.1 million in 2022, then decreased by 14.61% to $43.6 million in 2023, then decreased by 3.83% to $41.9 million in 2024, then surged by 56.83% to $65.8 million in 2025, then soared by 43.79% to $94.6 million in 2026.
- The last three Operating Leases figures came in at $94.6 million (Q3 2026), $94.1 million (Q1 2026), and $65.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 94.58 Mn |
| Jan 31, 2026 | 94.08 Mn |
| Oct 31, 2025 | 65.77 Mn |
| Jul 31, 2025 | 43.35 Mn |
| Apr 30, 2025 | 32.70 Mn |
| Jan 31, 2025 | 40.91 Mn |
| Oct 31, 2024 | 41.94 Mn |
| Jul 31, 2024 | 44.82 Mn |
| Apr 30, 2024 | 46.90 Mn |
| Jan 31, 2024 | 47.91 Mn |
| Oct 31, 2023 | 43.61 Mn |
| Jul 31, 2023 | 41.92 Mn |
| Apr 30, 2023 | 42.88 Mn |
| Jan 31, 2023 | 46.23 Mn |
| Oct 31, 2022 | 51.07 Mn |
| Jul 31, 2022 | 50.95 Mn |
| Apr 30, 2022 | 31.03 Mn |
| Jan 31, 2022 | 29.28 Mn |
| Oct 31, 2021 | 30.53 Mn |
| Jul 31, 2021 | 31.23 Mn |
API Access
Zscaler Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();