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operating-expenses-chart

ZS Operating Expenses

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In the latest reporting period of Q3'26, Zscaler (ZS) recorded total operating expenses comprising 232.28M USD in R&D Expenses and 455.18M USD in SG&A Expenses. This represents a continued investment in both product innovation and market expansion as the company scales its operations. From Q4'23 to Q3'26, the chart illustrates a consistent upward trend in total operating costs, with SG&A Expenses remaining the dominant component of the expenditure structure. While R&D Expenses have more than doubled from 96.39M USD to 232.28M USD during this timeframe, SG&A has shown steady growth with only a minor temporary contraction in Q3'24. Overall, the data reflects a disciplined but aggressive spending pattern to support long-term top-line growth.