cust.co / Companies / Zscaler (ZS)

Zscaler NRR

Net Revenue Retention history for Zscaler (ZS) - Security, Public stage. Sourced from SEC filings and earnings releases.

Latest NRR · FY2026-Q1
115.0%
All-time peak
127.0%
FY-2021
All-time low
114.0%
FY2025-Q1
Disclosures tracked
19
since FY2018-Q3
QoQ ▲ 1.0pp
YoY ▼ 1.0pp
3-year ▼ 10.0pp

NRR vs GRR over time

0%37%73%110%146% FY2018-Q3FY2019-Q4FY-2021FY2023-Q3FY2024-Q1FY2025-Q1FY2026-Q1 Retention NRR (incl. expansion) GRR (excl. expansion) NRR — FY2018-Q3: 125% NRR — FY-2018: 117% NRR — FY-2019: 118% NRR — FY2019-Q4: 120% NRR — FY-2020: 116% NRR — FY2020-Q4: 122% NRR — FY-2021: 127% NRR — FY-2022: 125% NRR — FY2023-Q2: 125% NRR — FY2023-Q3: 125% NRR — FY2023-Q4: 125% NRR — FY-2023: 121% NRR — FY2024-Q1: 125% NRR — FY2024-Q3: 116% NRR — FY-2024: 116% NRR — FY2025-Q1: 114% NRR — FY2025-Q3: 114% NRR — FY-2025: 114% NRR — FY2026-Q1: 115% GRR — FY2018-Q3: 0% GRR — FY-2018: 0% GRR — FY-2019: 0% GRR — FY2019-Q4: 0% GRR — FY-2020: 0% GRR — FY2020-Q4: 0% GRR — FY-2021: 0% GRR — FY-2022: 0% GRR — FY2023-Q2: 0% GRR — FY2023-Q3: 0% GRR — FY2023-Q4: 0% GRR — FY-2023: 0% GRR — FY2024-Q1: 0% GRR — FY2024-Q3: 0% GRR — FY-2024: 0% GRR — FY2025-Q1: 0% GRR — FY2025-Q3: 0% GRR — FY-2025: 0% GRR — FY2026-Q1: 0%

Gross Retention excludes expansion - it shows pure churn / contraction loss. The gap between NRR and GRR is the expansion lift.

Peak NRR of 127.0% in FY-2021. Latest is 115.0% - that's -12.0pp from peak.

Zscaler is above the Security Public median by +4.5pp (cell median: 111%)

What the data shows

Zscaler (ZS) is a security company at the public stage. As of its most recent disclosure (FY2026-Q1), Zscaler reported a Net Revenue Retention rate of 115.0% - a strong result for B2B SaaS at this segment.

Zscaler's NRR peaked at 127.0% in FY-2021, 12pp above today's level. Over the past three years, the metric has contracted by 10pp.

Within its peer set (security companies at public stage in the $100k-$500k acv band), Zscaler's NRR is above the cell median of 111%. Compare against the full peer cell aggregate for distribution and top performers.

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Every disclosure

Period NRR GRR Source type Filing
FY2026-Q1 115.0% - 10-Q-mdna source ↗
FY-2025 114.0% - 10-K source ↗
FY2025-Q3 114.0% - 10-Q-mdna source ↗
FY2025-Q1 114.0% - 10-Q-mdna source ↗
FY-2024 116.0% - 10-K source ↗
FY2024-Q3 116.0% - 10-Q-mdna source ↗
FY2024-Q1 125.0% - 10-Q-mdna source ↗
FY-2023 121.0% - 10-K source ↗
FY2023-Q4 125.0% - 10-Q-mdna source ↗
FY2023-Q3 125.0% - 10-Q-mdna source ↗
FY2023-Q2 125.0% - 10-Q-mdna source ↗
FY-2022 125.0% - 10-K source ↗
FY-2021 127.0% - 10-Q-mdna source ↗
FY2020-Q4 122.0% - 10-Q-mdna source ↗
FY-2020 116.0% - 10-Q-mdna source ↗
FY2019-Q4 120.0% - 10-Q-mdna source ↗
FY-2019 118.0% - 10-Q-mdna source ↗
FY-2018 117.0% - 10-K source ↗
FY2018-Q3 125.0% - 10-K source ↗
Last verified disclosure: 2025-10-31 · Report an inaccuracy → · How we verify →

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