Zscaler (ZS) Shares Outstanding (Diluted) (2019 - 2026)
Zscaler's Shares Outstanding (Diluted) was 160.22 million in fiscal Q4 2026 (quarter ended Jul 31, 2026), up 3.8% from 154.4 million a year earlier.
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Analysis
Zscaler (ZS) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
From fiscal Q4 2019 onward, Zscaler has reported Shares Outstanding (Diluted) for 28 quarters.
- Shares Outstanding (Diluted) has now increased for seven consecutive fiscal years, with a five-year compound annual growth rate of 3.4% (FY2021 to FY2026).
- In earlier fiscal years, Shares Outstanding (Diluted) was 154.4 million in FY2025 (+3.2%), 149.59 million in FY2024 (+3.2%), 144.94 million in FY2023 (+2.9%) and 140.9 million in FY2022 (+3.9%).
- The fiscal Q4 2026 figure marks the highest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q4 2019.
- Over the past five years, the year-over-year growth in Shares Outstanding (Diluted) ranged from 0.5% (fiscal Q3 2025) to 6.0% (fiscal Q3 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 764.00 Mn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 1.04 Bn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 739.90 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 371.02 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 178.81 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | 160.22 Mn |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 82.54 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 82.00 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 57.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 160.22 Mn |
| Jan 31, 2026 | 159.68 Mn |
| Oct 31, 2025 | 158.60 Mn |
| Jul 31, 2025 | 154.40 Mn |
| Apr 30, 2025 | 154.91 Mn |
| Jan 31, 2025 | 153.67 Mn |
| Oct 31, 2024 | 152.56 Mn |
| Jul 31, 2024 | 149.59 Mn |
| Apr 30, 2024 | 154.08 Mn |
| Jan 31, 2024 | 148.95 Mn |
| Oct 31, 2023 | 147.63 Mn |
| Jul 31, 2023 | 144.94 Mn |
| Apr 30, 2023 | 145.35 Mn |
| Jan 31, 2023 | 144.51 Mn |
| Oct 31, 2022 | 143.48 Mn |
| Jul 31, 2022 | 140.90 Mn |
| Apr 30, 2022 | 141.42 Mn |
| Jan 31, 2022 | 140.52 Mn |
| Oct 31, 2021 | 139.30 Mn |
| Jul 31, 2021 | 135.65 Mn |
API Access
Zscaler Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();