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 | 2,819.83 Bn | 2,741.56 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,056.91 Bn | 1,042.76 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 530.68 Bn | 492.11 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 306.85 Bn | 298.93 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 199.03 Bn | 194.49 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 170.56 Bn | 167.51 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 106.91 Bn | 103.62 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Synopsys | 86.43 Bn | 86.31 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Cloudflare | 79.42 Bn | 78.48 Bn | 455.60 Mn | 150.97 Mn |
| 10 | Zscaler | 19.87 Bn | 16.35 Bn | 624.49 Mn | 229.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |