United States was Zscaler’s largest revenue line in fiscal 2026, bringing in $1.79B of $3.35B (53%).
| Concentration Risk Benchmark | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $808.53M | $1.09B | $1.36B | $1.79B | |||||||
| Europe, Middle East & Africa | $515.14M | $672.42M | $792.82M | $923.40M | |||||||
| Asia Pacific | $241.25M | $327.82M | $423.81M | $519.19M | |||||||
| Other | $52.04M | $75.23M | $97.16M | $118.13M | |||||||
| Total | $1.62B | $2.17B | $2.67B | $3.35B |
Zscaler brought in $3.35B from its four revenue lines in fiscal 2026, the year ended July 31, 2026. That was up 25.4% from $2.67B in fiscal 2025. United States was the largest at $1.79B (53.4%), ahead of Europe, Middle East & Africa at $923.40M (27.5%) and Asia Pacific at $519.19M (15.5%). The remaining revenue line, Other, brought in $118.13M.
Compared with fiscal 2025, United States grew fastest, up 31.8% to $1.79B. Every revenue line above 2% of revenue grew. From fiscal 2023 to 2026, combined revenue from these revenue lines grew from $1.62B to $3.35B, a compound annual growth rate of 27.5%. United States' share of the total rose from 50.0% to 53.4%.
Channel Partners was Zscaler’s largest revenue line in fiscal 2026, bringing in $2.84B of $3.35B (85%).
| Major Customers | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Channel Partners | $1.49B | $1.97B | $2.36B | $2.84B | |||||||
| Direct Customers | $128.57M | $199.86M | $312.89M | $517.27M | |||||||
| Total | $1.62B | $2.17B | $2.67B | $3.35B |
Zscaler brought in $3.35B from its two revenue lines in fiscal 2026, the year ended July 31, 2026. That was up 25.4% from $2.67B in fiscal 2025. Channel Partners was the largest at $2.84B (84.6%), ahead of Direct Customers at $517.27M (15.4%).
Compared with fiscal 2025, Direct Customers grew 65.3% to $517.27M and Channel Partners grew 20.1% to $2.84B. From fiscal 2023 to 2026, combined revenue from these revenue lines grew from $1.62B to $3.35B, a compound annual growth rate of 27.5%. Channel Partners' share of the total fell from 92.0% to 84.6%.
Zscaler (ZS) reports its revenue by concentration risk benchmark and by major customers. In fiscal 2026, United States was its largest revenue line, bringing in $1.79B (53.4% of the total), followed by Europe, Middle East & Africa at $923.40M (27.5%).
United States was Zscaler's largest revenue line in fiscal 2026, bringing in $1.79B, or 53.4% of the $3.35B total across its four revenue lines.
Among Zscaler's revenue lines that make up at least 2% of revenue, United States grew fastest in fiscal 2026, up 31.8% from $1.36B to $1.79B.
Every figure comes from Zscaler's annual financial filings, as reported. Each line keeps the name Zscaler gives it, and years follow its fiscal calendar.
Zscaler's revenue by concentration risk benchmark goes back to fiscal 2016, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.