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

Zscaler's (ZS) quarterly Share-based Compensation came in at $29.3 million in Q1 2026, up 106.7% year-on-year from $14.2 million in Q1 2025, and down 46.5% on a QoQ basis from $54.8 million in Q4 2025.

Zscaler (ZS) Share-based Compensation (2017 - 2026) Analysis & Trends

Zscaler (ZS) has 10 years of Share-based Compensation data on file, last reported at $29.3 million in Q1 2026.

  • On a quarterly basis, Share-based Compensation rose 106.7% year-over-year to $29.3 million in Q1 2026; TTM through Jan 2026 was $722.4 million, a 156.92% increase from a year earlier, with the FY2025 full-year figure at $661.4 million, up 25.33% from the prior year.
  • Share-based Compensation for Q1 2026 stood at $29.3 million, down from $54.8 million in the prior quarter.
  • Over the last five years, Share-based Compensation for ZS reached as high as $473.7 million in Q3 2024 and fell as low as -$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.
  • Across the five-year window, Share-based Compensation sank 980.68% in 2023 and soared 14444.85% in 2024, its largest moves.
  • Year by year, Share-based Compensation stood at $10.4 million in 2022, then jumped by 50.31% to $15.6 million in 2023, then slumped by 43.05% to $8.9 million in 2024, then soared by 516.48% to $54.8 million in 2025, then sank by 46.5% to $29.3 million in 2026.
  • Per Business Quant data, the three most recent Share-based Compensation figures were $29.3 million in Q1 2026, $54.8 million in Q4 2025, and $172.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 3.08 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 6.81 Mn
3 Oracle 329.59 Bn 297.69 Bn - 4.70 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 201.59 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn -261.00 Mn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 1.09 Bn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 72.50 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 15.07 Mn
10 Zscaler 22.71 Bn 19.35 Bn 624.49 Mn 29.34 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 29.34 Mn
Jan 31, 2026 29.34 Mn
Oct 31, 2025 54.83 Mn
Oct 31, 2025 54.83 Mn
Jul 31, 2025 172.65 Mn
Jul 31, 2025 172.65 Mn
Apr 30, 2025 465.61 Mn
Apr 30, 2025 465.61 Mn
Jan 31, 2025 14.19 Mn
Jan 31, 2025 14.19 Mn
Oct 31, 2024 8.89 Mn
Oct 31, 2024 8.89 Mn
Jul 31, 2024 473.67 Mn
Jul 31, 2024 473.67 Mn
Apr 30, 2024 -215.56 Mn
Apr 30, 2024 -215.56 Mn
Jan 31, 2024 253.95 Mn
Jan 31, 2024 253.95 Mn
Oct 31, 2023 15.62 Mn
Oct 31, 2023 15.62 Mn