Zscaler, Inc. (ZS) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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ZS Revenue Growth
Revenue Breakdown (FY 2025)
ZS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ZS Revenue Analysis (2015–2025)
As of May 6, 2026, Zscaler, Inc. (ZS) generated trailing twelve-month (TTM) revenue of $3.00 billion, reflecting exceptional growth of +25.9% year-over-year. The most recent quarter (Q2 2026) recorded $815.8 million in revenue, up 3.5% sequentially.
Looking at the longer-term picture, ZS's 5-year compound annual growth rate (CAGR) stands at +44.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.67 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows ZS's business is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including CRWD (+21.7% YoY), PANW (+15.4% YoY), and FTNT (+14.2% YoY), ZS has underperformed the peer group in terms of revenue growth. Compare ZS vs CRWD →
ZS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZSCurrent | $3.0B | +25.9% | +44.0% | -4.8% | |
 CRWD | $4.8B | +21.7% | +40.6% | -3.4% | |
 PANW | $9.2B | +15.4% | +22.0% | 13.5% | |
 FTNT | $6.8B | +14.2% | +21.3% | 30.6% | |
 NET | $2.2B | +29.8% | +38.1% | -9.4% | |
 S | $1.0B | +21.9% | +60.8% | -32.1% |
ZS Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.67B | +23.3% | $2.05B | 76.9% | $-128,460,000 | -4.8% |
| 2024 | $2.17B | +34.1% | $1.69B | 77.9% | $-123,877,000 | -5.7% |
| 2023 | $1.62B | +48.2% | $1.25B | 77.6% | $-215,444,000 | -13.3% |
| 2022 | $1.09B | +62.1% | $847.6M | 77.7% | $-327,429,000 | -30.0% |
| 2021 | $673.1M | +56.1% | $522.5M | 77.6% | $-207,396,000 | -30.8% |
| 2020 | $431.3M | +42.4% | $334.2M | 77.5% | $-94,854,000 | -22.0% |
| 2019 | $302.8M | +59.2% | $242.8M | 80.2% | $-22,234,000 | -7.3% |
| 2018 | $190.2M | +51.3% | $152.3M | 80.1% | $-26,585,000 | -14.0% |
| 2017 | $125.7M | +56.5% | $98.2M | 78.1% | $-35,073,000 | -27.9% |
| 2016 | $80.3M | +49.6% | $60.2M | 74.9% | $-26,843,000 | -33.4% |
Full ZS Stock Analysis
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Start ComparisonZS — Frequently Asked Questions
Quick answers to the most common questions about buying ZS stock.
Is ZS's revenue growth accelerating or slowing?
ZS revenue is accelerating at +25.9% year-over-year, exceeding the 5-year CAGR of +44.0%. TTM revenue reached $3.0B. Growth momentum has increased versus prior periods.
What is ZS's long-term revenue growth rate?
Zscaler, Inc.'s 5-year revenue CAGR of +44.0% reflects the sustained expansion pattern. Current YoY growth of +25.9% is above this long-term average.
How is ZS's revenue distributed by segment?
ZS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.