Zscaler, Inc. (ZS) Revenue History
Annual and quarterly revenue from 2015 to present
ZS Revenue Over Time (2015–2025)
ZS Revenue Growth History
10 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +49.6%
- FY2017 revenue growth
- +56.5%
- FY2018 revenue growth
- +51.3%
- FY2019 revenue growth
- +59.2%
- FY2020 revenue growth
- +42.4%
- FY2021 revenue growth
- +56.1%
- FY2022 revenue growth
- +62.1%
- FY2023 revenue growth
- +48.2%
- FY2024 revenue growth
- +34.1%
- FY2025 revenue growth
- +23.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $850.5M | +25.4% |
| Q2 2026 | $815.8M | +25.9% |
| Q1 2026 | $788.1M | +25.5% |
| Q4 2025 | $719.2M | +21.3% |
| Q3 2025 | $678.0M | +22.6% |
| Q2 2025 | $647.9M | +23.4% |
| Q1 2025 | $628.0M | +26.4% |
| Q4 2024 | $592.9M | +30.3% |
Multi-year avg. share of annual revenue by fiscal quarter
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)
Current Revenue & Growth
As of June 21, 2026, Zscaler, Inc. (ZS) generated trailing twelve-month (TTM) revenue of $3.17 billion, reflecting exceptional growth of +25.4% year-over-year. The most recent quarter (Q3 2026) recorded $850.5 million in revenue, up 4.3% sequentially.
Historical Growth Trajectory
ZS's 5-year compound annual growth rate (CAGR) stands at +44.0%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +34.8% is below the 5-year average, signalling a growth deceleration in recent years. Zscaler, Inc.'s highest annual revenue of $2.67 billion was recorded in 2025, an all-time high.
Revenue by Segment
ZS's revenue is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including CRWD (+23.2% YoY), PANW (+19.5% YoY), and FTNT (+15.7% YoY) — ZS has outperformed the peer group in 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 | $3.2B | +25.4% | +44.0% | -4.8% | |
 CRWD | $4.8B | +23.2% | +40.6% | -6.1% | |
 PANW | $9.2B | +19.5% | +22.0% | 13.5% | |
 FTNT | $6.8B | +15.7% | +21.3% | 30.6% | |
 NET | $2.2B | +31.6% | +38.1% | -9.4% | |
 S | $1.0B | +21.4% | +60.8% | -30.9% |
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% |
| 2015 | $53.7M | - | $39.3M | 73.1% | $-12,418,000 | -23.1% |
Full Stock Analysis
Deep dive into ZS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ZS — Frequently Asked Questions
Quick answers to the most common questions about buying ZS stock.
Is ZS's revenue growth accelerating or slowing?
ZS revenue growth is accelerating. TTM revenue reached $3.2B, up +25.4% year-over-year — ahead of the 5-year CAGR of +44.0%. This indicates the business is expanding faster than its historical baseline.
What is ZS's revenue history from 2015 to 2026?
Zscaler, Inc. (ZS) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $3.2B, growing at +25.4% YoY. The 5-year CAGR is +44.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZS's long-term revenue growth rate (CAGR)?
Zscaler, Inc.'s 5-year revenue CAGR of +44.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +25.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZS.
Why does ZS's quarterly revenue fluctuate?
ZS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zscaler, Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is ZS's revenue distributed by segment?
ZS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZS's revenue compare to industry peers?
Zscaler, Inc. (ZS) with TTM revenue of $3.2B and +25.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.