Zscaler (ZS) Share-based Compensation (2017 - 2026)
Zscaler (ZS) reported Share-based Compensation of $216.6 million for Q1 2026, up 25.82% year-over-year from $172.1 million in Q1 2025, and up 14.83% quarter-over-quarter from $188.6 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 $216.6 million in Q1 2026.
- Share-based Compensation for Q1 2026 came in at $216.6 million, up 25.82% year-over-year; the trailing twelve-month figure through Jan 2026 was $737.2 million (up 25.5% YoY), and the FY2025 annual result was $661.4 million, up 25.33% from the prior year.
- Share-based Compensation advanced to $216.6 million in Q1 2026 per ZS's latest filing, from $188.6 million in the prior quarter.
- Over five years, Share-based Compensation peaked at $216.6 million in Q1 2026 and troughed at $99.0 million in Q1 2022.
- A 5-year average of $138.7 million and a median of $129.1 million in 2023 frame the typical range for Share-based Compensation.
- The sharpest annual moves came in 2022 and 2023: Share-based Compensation jumped 76.5% in 2022, then grew 1.86% in 2023.
- A 5-year view of Share-based Compensation shows it stood at $105.2 million in 2022, then increased by 22.79% to $129.1 million in 2023, then climbed by 21.71% to $157.2 million in 2024, then gained by 19.99% to $188.6 million in 2025, then advanced by 14.83% to $216.6 million in 2026.
- Business Quant data shows ZS's Share-based Compensation at $216.6 million in Q1 2026, $188.6 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 | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 3.08 Bn |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | - |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 1.33 Bn |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 201.59 Mn |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 301.00 Mn |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 273.95 Mn |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 72.50 Mn |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | 114.24 Mn |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 258.72 Mn |
| 10 | Zscaler | 20.81 Bn | 17.30 Bn | 624.49 Mn | 216.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 216.55 Mn |
| Jan 31, 2026 | 216.55 Mn |
| Oct 31, 2025 | 188.59 Mn |
| Oct 31, 2025 | 188.59 Mn |
| Jul 31, 2025 | 172.65 Mn |
| Jul 31, 2025 | 172.65 Mn |
| Apr 30, 2025 | 159.40 Mn |
| Apr 30, 2025 | 159.40 Mn |
| Jan 31, 2025 | 172.12 Mn |
| Jan 31, 2025 | 172.12 Mn |
| Oct 31, 2024 | 157.18 Mn |
| Oct 31, 2024 | 157.18 Mn |
| Jul 31, 2024 | 144.87 Mn |
| Jul 31, 2024 | 144.87 Mn |
| Apr 30, 2024 | 113.24 Mn |
| Apr 30, 2024 | 113.24 Mn |
| Jan 31, 2024 | 140.43 Mn |
| Jan 31, 2024 | 140.43 Mn |
| Oct 31, 2023 | 129.14 Mn |
| Oct 31, 2023 | 129.14 Mn |