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| Date | Value |
|---|---|
| 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 |