cust.co / Compare / Zscaler vs Cloudflare

Zscaler vs Cloudflare - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Security. Both at Public stage.

Cloudflare leads by +5pp on latest NRR (120% vs 115%).

NRR over time

107%113%119%124%130% FY2018-Q3FY2020-Q4FY2023-Q4FY2024-Q4FY-2025FY2019-Q3FY2021-Q2FY2024-Q2 NRR Zscaler Cloudflare Zscaler - FY2018-Q3: 125% Zscaler - FY-2018: 117% Zscaler - FY-2019: 118% Zscaler - FY2019-Q4: 120% Zscaler - FY-2020: 116% Zscaler - FY2020-Q4: 122% Zscaler - FY-2021: 127% Zscaler - FY-2022: 125% Zscaler - FY2023-Q2: 125% Zscaler - FY2023-Q3: 125% Zscaler - FY2023-Q4: 125% Zscaler - FY-2023: 121% Zscaler - FY2024-Q1: 125% Zscaler - FY2024-Q3: 116% Zscaler - FY-2024: 116% Zscaler - FY2024-Q4: 116% Zscaler - FY2025-Q1: 114% Zscaler - FY2025-Q2: 115% Zscaler - FY2025-Q3: 114% Zscaler - FY2025-Q4: 114% Zscaler - FY-2025: 114% Zscaler - FY2026-Q1: 115% Cloudflare - FY2024-Q1: 115% Cloudflare - FY2024-Q3: 110% Cloudflare - FY2024-Q4: 111% Cloudflare - FY2025-Q1: 111% Cloudflare - FY2025-Q2: 114% Cloudflare - FY2025-Q3: 119% Cloudflare - FY2025-Q4: 120% Cloudflare - FY2025-Q2025: 114% Cloudflare - FY2019-Q1: 118% Cloudflare - FY2019-Q2: 122% Cloudflare - FY2019-Q3: 121% Cloudflare - FY2020-Q1: 117% Cloudflare - FY2020-Q2: 115% Cloudflare - FY2020-Q3: 116% Cloudflare - FY2021-Q1: 123% Cloudflare - FY2021-Q2: 124% Cloudflare - FY2021-Q3: 124% Cloudflare - FY2022-Q1: 127% Cloudflare - FY2024-Q2: 112%

Over 3 years, Zscaler is down -10pp; Cloudflare is up +6pp.

Stat-by-stat

Metric Zscaler Cloudflare
Latest NRR 115% 120%
All-time peak NRR 127% 127%
All-time low NRR 114% 110%
QoQ change +1pp +1pp
YoY change +0pp +9pp
3-year change -10pp +6pp
Disclosures tracked 22 19

Customer cohorts

MetricZscalerCloudflare
Total customers 9,400 295,552
Over $100K ARR - 4,009
Over $1M ARR - -
Top-10 concentration - -
Average ACV - -
US revenue mix - -

Post-sales motion

MetricZscalerCloudflare
CS team size - -
Customers per CSM - -
Pricing model subscription hybrid
Renewal cadence annual multi-year
CSM coverage model account-named account-named
Top customer exec Mike Rich Mark Anderson

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