Income StatementBalance SheetCash FlowSegments
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Zscaler Business Segments

Business, geographic, and product segment breakdowns

Zscaler generates $3.0B in annual revenue across 3 key segments: Asia Pacific ($468.3M), Europe, Middle East and Africa ($854.5M), and Other ($107.4M). The company-wide operating margin is -4.86%. Based on the Q1 2026 filing.

Asia Pacific (TTM)$468.3MEurope, Middle East and Africa (TTM)$854.5MOther (TTM)$107.4M
Latest FilingQ1 2026
Report Date2026-02-26
Market Cap$28.1B
ROE-3.56%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Concentration Risk, Percentage97.0%98.0%98.0%—98.0%98.0%

Geographic

Concentration Risk, Percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, Middle East and Africa30.0%30.0%30.0%—27.0%28.0%
Asia Pacific16.0%16.0%16.0%—15.0%15.0%
Other3.0%3.0%3.0%—4.0%4.0%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, Middle East and Africa$186.1M$192.9M$203.0M$210.8M$212.3M$228.3M
Asia Pacific$99.4M$102.8M$107.4M$114.3M$120.5M$126.2M
Other$23.2M$23.8M$24.7M$25.5M$28.2M$29.0M

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue$628.0M$647.9M——$788.1M$815.8M
Sales and marketing$240.8M$237.5M——$296.2M$283.1M
Stock-based compensation expense and related payroll taxes$160.6M$176.4M——$193.8M$220.4M
Cost of revenue$122.0M$127.1M——$158.3M$161.5M
R&D$95.2M$105.0M——$124.1M$144.4M
G&A$35.8M$37.9M——$37.6M$45.8M
Net loss-$12.1M-$7.7M——-$11.6M-$34.3M
Segment Reporting, Other Segment Item, Amount-$18.6M-$32.4M——-$24.7M-$17.5M
Amortization expense of acquired intangible assets$4.2M$4.2M——$8.6M$11.1M
Acquisition-related expenses$0.0$0.0——$1.1M$1.2M
Restructuring and other charges$0.0$0.0——$4.7M$0.0