Business Segments · Cost of revenue
Business Segments — Cost of revenue
Zscaler Business Segments — Cost of revenue increased by 2.0% to $161.46M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 27.1%, from $127.06M to $161.46M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2022
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
A decrease relative to revenue suggests improved economies of scale and operational efficiency in service delivery.
Detailed definition
This includes the direct costs associated with delivering the company's cloud-based security services, such as data cent...
Peer comparison
Commonly compared against peers to assess cloud infrastructure management and gross margin efficiency.
Metric ID:
zs_segment_reportable_segment_cost_of_revenueHistorical Data
12 periods
| Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $78.24M | $78.24M | $78.24M | $78.24M | $102.87M | $102.87M | $102.87M | $102.87M | $121.99M | $127.06M | $158.33M | $161.46M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +31.5% | +0.0% | +0.0% | +0.0% | +18.6% | +4.2% | +24.6% | +2.0% |
| YoY Change | — | — | — | — | +31.5% | +31.5% | +31.5% | +31.5% | +18.6% | +23.5% | +29.8% | +27.1% |
Range$78.24M – $161.46M
CAGR+30.1%
Avg YoY Growth+28.1%
Median YoY Growth+30.6%
Current Streak11+ quarters growth
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Frequently Asked Questions
- What is Zscaler's business segments — cost of revenue?
- Zscaler (ZS) reported business segments — cost of revenue of $161.46M in Q4 2025.
- How has Zscaler's business segments — cost of revenue changed year-over-year?
- Zscaler's business segments — cost of revenue increased by 27.1% year-over-year, from $127.06M to $161.46M.
- What does business segments — cost of revenue mean?
- The direct costs incurred to provide the company's services to customers.