Capital Expenditures for Zscaler (ZS)
According to Zscaler's latest reported financial statements, the company's current capital expenditures (TTM) is $240.27M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ZS
Currently viewingCapital ExpendituresSwitch metric
Latest period
$240.27M
YoY change
+26.1%
5Y CAGR
+36.5%
Peak year (2025)
$245.76M
Cumulative capital expenditures
$836.52M
CapEx history chart for Zscaler (ZS) from 2015 to 2025
CapEx history table for Zscaler (ZS) from 2015 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $245.76M | +26.1% | ||
| 2024 | $194.90M | +51.4% | ||
| 2023 | $128.72M | +42.1% | ||
| 2022 | $90.58M | +55.4% | ||
| 2021 | $58.30M | +12.5% | ||
| 2020 | $51.81M | +71.8% | ||
| 2019 | $30.16M | +98.8% | ||
| 2018 | $15.17M | +85.6% | ||
| 2017 | $8.17M | +30.8% | ||
| 2016 | $6.25M | -6.8% | ||
| 2015 | $6.71M | — |
CapEx values are taken from Zscaler's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Zscaler (ZS) capital expenditures totalled $245.76M – grew 26.1% year-over-year.
Over 2020–2025 (5 years), Zscaler capital expenditures expanded at a +36.5% compound annual rate, sustaining 9 straight years of year-over-year growth.
The dataset's maximum capital expenditures sits at $245.76M (2025); the minimum reading of $6.25M dates to 2016.
Within Technology, Zscaler (ZS) ranks 9th among 8 peers we track. The peer median for capital expenditures is $9.38B.
Zscaler Capital Expenditures by Year
Zscaler Capital Expenditures 2025: $245.76M
Zscaler capital expenditures in 2025 was $245.76M, grew 26.1% from 2024. This figure represents the highest annual value in the available history.
Zscaler Capital Expenditures 2024: $194.90M
Zscaler capital expenditures in 2024 was $194.90M, surged 51.4% from 2023.
Zscaler Capital Expenditures 2023: $128.72M
Zscaler capital expenditures in 2023 was $128.72M, surged 42.1% from 2022.
Zscaler Capital Expenditures 2022: $90.58M
Zscaler capital expenditures in 2022 was $90.58M, surged 55.4% from 2021.
Zscaler Capital Expenditures 2021: $58.30M
Zscaler capital expenditures in 2021 was $58.30M.
See more financial history for Zscaler (ZS).
Sector peers — CapEx
Companies in the same sector as Zscaler, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Zscaler's capital expenditures?
- Latest reported capital expenditures for Zscaler (ZS) is $240.27M (period ending January 31, 2026).
How has Zscaler capital expenditures changed year-over-year?
- Zscaler (ZS) capital expenditures changed +26.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Zscaler capital expenditures?
- Zscaler (ZS) capital expenditures compound annual growth rate is +36.5% over the most recent 5 years available.
When did Zscaler capital expenditures hit its highest annual value?
- Zscaler capital expenditures reached its highest annual value of $245.76M in 2025.
What was Zscaler capital expenditures in 2024?
- Zscaler (ZS) capital expenditures in 2024 was $194.90M.
What was Zscaler capital expenditures in 2025?
- Zscaler (ZS) capital expenditures in 2025 was $245.76M.
Metrics overview
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