Zscaler (ZS) Research & Development (2017 - 2026)

Zscaler (ZS) reported Research & Development of $229.1 million for Q1 2026, up 34.11% year-over-year from $170.9 million in Q1 2025, and up 14.28% quarter-over-quarter from $200.5 million in Q4 2025.

Zscaler (ZS) Research & Development (2017 - 2026) Analysis & Trends

Zscaler (ZS) has 10 years of Research & Development data on file, last reported at $229.1 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $229.1 million, up 34.11% year-over-year; the trailing twelve-month figure through Jan 2026 was $777.0 million (up 31.87% YoY), and the FY2025 annual result was $672.5 million, up 34.54% from the prior year.
  • Research & Development rose to $229.1 million in Q1 2026 per ZS's latest filing, from $200.5 million in the prior quarter.
  • Over five years, Research & Development peaked at $229.1 million in Q1 2026 and troughed at $69.2 million in Q1 2022.
  • A 5-year average of $128.0 million and a median of $122.2 million in 2024 frame the typical range for Research & Development.
  • On a YoY basis, Research & Development climbed as much as 86.99% in 2022 and fell as far as 14.92% in 2022.
  • A 5-year view of Research & Development shows it stood at $74.9 million in 2022, then jumped by 51.49% to $113.5 million in 2023, then soared by 35.86% to $154.3 million in 2024, then climbed by 29.98% to $200.5 million in 2025, then grew by 14.28% to $229.1 million in 2026.
  • Business Quant data shows ZS's Research & Development at $229.1 million in Q1 2026, $200.5 million in Q4 2025, and $177.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Microsoft 3,095.86 Bn 3,017.59 Bn 56.06 Bn 8.92 Bn
2 Alarum Technologies 1,030.32 Bn 1,016.16 Bn 7.23 Mn 2.30 Mn
3 Oracle 614.12 Bn 575.54 Bn 15.14 Bn 2.61 Bn
4 Palantir Technologies 324.44 Bn 316.52 Bn 1.42 Bn 160.98 Mn
5 Palo Alto Networks 189.07 Bn 184.54 Bn 1.91 Bn 511.00 Mn
6 CrowdStrike Holdings 168.14 Bn 165.09 Bn 993.68 Mn 356.41 Mn
7 Fortinet 106.89 Bn 103.59 Bn 1.49 Bn 214.00 Mn
8 Cloudflare 88.20 Bn 87.25 Bn 455.60 Mn 150.97 Mn
9 Synopsys 88.13 Bn 88.01 Bn 1.77 Bn 714.99 Mn
10 Zscaler 20.81 Bn 17.30 Bn 624.49 Mn 229.14 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 229.14 Mn
Oct 31, 2025 200.50 Mn
Jul 31, 2025 177.61 Mn
Apr 30, 2025 169.77 Mn
Jan 31, 2025 170.86 Mn
Oct 31, 2024 154.25 Mn
Jul 31, 2024 139.15 Mn
Apr 30, 2024 124.96 Mn
Jan 31, 2024 122.18 Mn
Oct 31, 2023 113.54 Mn
Jul 31, 2023 97.44 Mn
Apr 30, 2023 92.64 Mn
Jan 31, 2023 85.77 Mn
Oct 31, 2022 74.95 Mn
Jul 31, 2022 78.15 Mn
Apr 30, 2022 76.58 Mn
Jan 31, 2022 69.20 Mn
Oct 31, 2021 65.22 Mn
Jul 31, 2021 56.18 Mn
Apr 30, 2021 40.95 Mn