Zscaler (ZS) Share-based Compensation (2017 - 2026)

Zscaler (ZS) has reported Share-based Compensation for 10 consecutive years, with $29.3 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Share-based Compensation rose 106.7% year-over-year to $29.3 million; the TTM figure through Jan 2026 stood at $722.4 million (up 156.92% YoY), while the FY2025 annual figure was $661.4 million, up 25.33% from the prior year.
• Share-based Compensation declined to $29.3 million in Q1 2026 per ZS's latest filing, from $54.8 million in the prior quarter.
• Across five years, Share-based Compensation topped out at $473.7 million in Q3 2024 and bottomed at -$293.6 million in Q3 2023.
• Historically, Share-based Compensation has averaged $74.4 million across 5 years, with a median of $15.6 million in 2023.
• Annual changes were most pronounced in 2023 — Share-based Compensation tumbled 980.68% — and 2024, when it surged 14444.85%.
• Zscaler's Share-based Compensation stood at $10.4 million in 2022, then surged by 50.31% to $15.6 million in 2023, then slumped by 43.05% to $8.9 million in 2024, then jumped by 516.48% to $54.8 million in 2025, then sank by 46.5% to $29.3 million in 2026.
• Business Quant data shows ZS's Share-based Compensation at $29.3 million in Q1 2026, $54.8 million in Q4 2025, and $172.7 million in Q3 2025.