Zscaler (ZS) Other Working Capital Changes (2017 - 2026)
Zscaler's (ZS) quarterly Other Working Capital Changes came in at $12.9 million in Q1 2026, up 282.0% year-over-year from $3.4 million in Q1 2025, and down 25.53% quarter-over-quarter from $17.3 million in Q4 2025.
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Analysis
Zscaler (ZS) Other Working Capital Changes (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Other Working Capital Changes for 10 consecutive years, with $12.9 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Other Working Capital Changes rose 282.0% year-over-year to $12.9 million in Q1 2026; TTM through Jan 2026 was $59.6 million, a 8.9% increase from a year earlier, with the FY2026 full-year figure at $28.1 million, down 32.46% from the prior year.
- Other Working Capital Changes was $12.9 million for Q1 2026 at Zscaler, down from $17.3 million in the prior quarter.
- Over five years, Other Working Capital Changes peaked at $483.0 million in Q3 2025 and troughed at -$191.1 million in Q4 2025.
- A 5-year average of $95.8 million and a median of $94.8 million in 2025 frame the typical range for Other Working Capital Changes.
- Across the five-year window, Other Working Capital Changes slumped 877.69% in 2022 and soared 15498.51% in 2023, its largest moves.
- Over 5 years, Other Working Capital Changes stood at $7.6 million in 2022, then tumbled by 117.8% to -$1.3 million in 2023, then soared by 749.89% to $8.8 million in 2024, then jumped by 97.58% to $17.3 million in 2025, then declined by 25.53% to $12.9 million in 2026.
- The last three Other Working Capital Changes figures came in at $12.9 million (Q1 2026), $17.3 million (Q4 2025), and $29.4 million (Q3 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 |
|---|---|
| Jan 31, 2026 | 4.05 Mn |
| Jan 31, 2026 | 4.05 Mn |
| Oct 31, 2025 | -191.13 Mn |
| Oct 31, 2025 | -191.13 Mn |
| Jul 31, 2025 | 483.04 Mn |
| Jul 31, 2025 | 483.04 Mn |
| Apr 30, 2025 | 106.48 Mn |
| Apr 30, 2025 | 106.48 Mn |
| Jan 31, 2025 | 94.79 Mn |
| Jan 31, 2025 | 94.79 Mn |
| Oct 31, 2024 | -111.25 Mn |
| Oct 31, 2024 | -111.25 Mn |
| Jul 31, 2024 | 317.96 Mn |
| Jul 31, 2024 | 317.96 Mn |
| Apr 30, 2024 | 69.88 Mn |
| Apr 30, 2024 | 69.88 Mn |
| Jan 31, 2024 | 102.63 Mn |
| Jan 31, 2024 | 102.63 Mn |
| Oct 31, 2023 | -40.15 Mn |
| Oct 31, 2023 | -40.15 Mn |
API Access
Zscaler Other Working Capital Changes 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=other-working-capital-changes&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();