Zscaler (ZS) Operating Leases (2019 - 2026)
Zscaler's Operating Leases came in at $94.58 million for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 118.2% from $43.35 million a year earlier.
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Analysis
Zscaler (ZS) Operating Leases (2019 - 2026) Analysis & Trends
Going back to fiscal Q1 2020, Zscaler's Operating Leases data covers 27 quarters.
- Operating Leases carries a five-year compound annual growth rate of 24.8% (FY2021 to FY2026).
- Going back by fiscal year, Operating Leases was $43.35 million in FY2025 (-3.3%), $44.82 million in FY2024 (+6.9%), $41.92 million in FY2023 (-17.7%) and $50.95 million in FY2022 (+63.2%).
- The fiscal Q4 2026 figure represents the highest quarterly Operating Leases in data going back to fiscal Q1 2020.
- Year-over-year, Operating Leases increased in three of the last seven quarters, with growth averaging 36.1%.
- The fastest year-over-year change in Operating Leases over five years came in fiscal Q2 2026 (growth of 130.0%), and the weakest in fiscal Q3 2025 (a decline of 30.3%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 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();