Zscaler (ZS) Research & Development (2017 - 2026)
Zscaler's (ZS) quarterly Research & Development came in at $368.9 million in Q1 2026, up 19.84% year-over-year from $307.9 million in Q1 2025, and down 1.24% quarter-over-quarter from $373.6 million in Q4 2025.
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Analysis
Zscaler (ZS) Research & Development (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported Research & Development for 10 consecutive years, with $368.9 million the latest figure, recorded in Q1 2026.
- On a quarterly basis, Research & Development rose 19.84% year-over-year to $368.9 million in Q1 2026; TTM through Jan 2026 was $1.4 billion, a 18.55% increase from a year earlier, with the FY2026 full-year figure at $1.5 billion, up 18.79% from the prior year.
- Research & Development was $368.9 million for Q1 2026 at Zscaler, down from $373.6 million in the prior quarter.
- Over five years, Research & Development peaked at $373.6 million in Q4 2025 and troughed at $175.1 million in Q1 2022.
- A 5-year average of $273.1 million and a median of $267.1 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 66.02% in 2022 and gained 11.08% in 2024, its largest moves.
- Over 5 years, Research & Development stood at $228.8 million in 2022, then grew by 16.73% to $267.1 million in 2023, then gained by 14.59% to $306.1 million in 2024, then gained by 22.04% to $373.6 million in 2025, then slipped by 1.24% to $368.9 million in 2026.
- The last three Research & Development figures came in at $368.9 million (Q1 2026), $373.6 million (Q4 2025), and $330.6 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 1.13 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 509.97 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 669.10 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 611.62 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 253.07 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 273.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 679.00 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Zscaler Research & Development 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=research-and-development&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();