Zscaler (ZS) Payables (2017 - 2026)
Zscaler (ZS) posted quarterly Payables of $29.0 million for Q1 2026, down 97.52% year-over-year from $1.2 billion in Q1 2025, and down 40.02% quarter-over-quarter from $48.4 million in Q4 2025.
Zscaler (ZS) Payables (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Payables for 10 consecutive years, with $29.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables fell 97.52% year-over-year to $29.0 million; the TTM figure through Jan 2026 stood at $29.0 million (down 97.52% YoY), while the FY2025 annual figure was $46.9 million, down 95.98% from the prior year.
- Payables eased to $29.0 million in Q1 2026 per ZS's latest filing, from $48.4 million in the prior quarter.
- Across five years, Payables topped out at $1.2 billion in Q2 2025 and bottomed at $13.5 million in Q1 2022.
- Historically, Payables has averaged $298.0 million across 5 years, with a median of $29.0 million in 2026.
- Annual changes were most pronounced in 2025 — Payables soared 6739.66% — and 2026, when it slumped 97.52%.
- Zscaler's Payables stood at $29.7 million in 2022, then decreased by 21.82% to $23.2 million in 2023, then jumped by 4940.75% to $1.2 billion in 2024, then tumbled by 95.87% to $48.4 million in 2025, then plunged by 40.02% to $29.0 million in 2026.
- Business Quant data shows ZS's Payables at $29.0 million in Q1 2026, $48.4 million in Q4 2025, and $46.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 42.80 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 18.18 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 504.07 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 293.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 282.50 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 127.03 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.30 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 3.63 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | - |
| 10 | Zscaler | 29.48 Bn | 26.12 Bn | 624.49 Mn | 29.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 29.03 Mn |
| Oct 31, 2025 | 48.40 Mn |
| Jul 31, 2025 | 46.91 Mn |
| Apr 30, 2025 | 1.20 Bn |
| Jan 31, 2025 | 1.17 Bn |
| Oct 31, 2024 | 1.17 Bn |
| Jul 31, 2024 | 1.17 Bn |
| Apr 30, 2024 | 28.03 Mn |
| Jan 31, 2024 | 17.14 Mn |
| Oct 31, 2023 | 23.23 Mn |
| Jul 31, 2023 | 18.48 Mn |
| Apr 30, 2023 | 24.78 Mn |
| Jan 31, 2023 | 33.63 Mn |
| Oct 31, 2022 | 29.72 Mn |
| Jul 31, 2022 | 26.15 Mn |
| Apr 30, 2022 | 15.23 Mn |
| Jan 31, 2022 | 13.50 Mn |
| Oct 31, 2021 | 14.96 Mn |
| Jul 31, 2021 | 12.55 Mn |
| Apr 30, 2021 | 20.17 Mn |