Operating
Stock-Based Comp
Zscaler Stock-Based Comp increased by 14.8% to $216.55M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.8%, from $172.12M to $216.55M. Over 4 years (FY 2021 to FY 2025), Stock-Based Comp shows an upward trend with a 26.5% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Increasing levels may indicate a focus on talent retention but can also signal potential shareholder dilution.
Detailed definition
This represents the value of equity-based awards granted to employees as part of their total compensation package. Since...
Peer comparison
Standard across large-cap corporations; varies based on corporate compensation philosophy.
Metric ID:
stock_based_compensationHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $59.97M | $80.00M | $89.90M | $98.99M | $105.85M | $114.82M | $105.17M | $109.74M | $107.82M | $122.10M | $129.14M | $140.43M | $113.24M | $144.87M | $157.18M | $172.12M | $159.40M | $172.65M | $188.59M | $216.55M |
| QoQ Change | — | +33.4% | +12.4% | +10.1% | +6.9% | +8.5% | -8.4% | +4.3% | -1.7% | +13.2% | +5.8% | +8.7% | -19.4% | +27.9% | +8.5% | +9.5% | -7.4% | +8.3% | +9.2% | +14.8% |
| YoY Change | — | — | — | — | +76.5% | +43.5% | +17.0% | +10.9% | +1.9% | +6.3% | +22.8% | +28.0% | +5.0% | +18.6% | +21.7% | +22.6% | +40.8% | +19.2% | +20.0% | +25.8% |
Range$59.97M – $216.55M
CAGR+31.0%
Avg YoY Growth+23.8%
Median YoY Growth+20.9%
Current Streak3 quarters growth
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Zscaler's stock-based comp?
- Zscaler (ZS) reported stock-based comp of $216.55M in Q4 2025.
- How has Zscaler's stock-based comp changed year-over-year?
- Zscaler's stock-based comp increased by 25.8% year-over-year, from $172.12M to $216.55M.
- What is the long-term trend for Zscaler's stock-based comp?
- Over 4 years (2021 to 2025), Zscaler's stock-based comp has grown at a 26.5% compound annual growth rate (CAGR), from $258.54M to $661.35M.
- What does stock-based comp mean?
- The non-cash cost of paying employees with company stock instead of cash.