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 +5.0pp on latest NRR (120.0% vs 115.0%).

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 -10.0pp; Cloudflare is up +6.0pp.

Stat-by-stat

Metric Zscaler Cloudflare
Latest NRR 115.0% 120.0%
All-time peak NRR 127.0% 127.0%
All-time low NRR 114.0% 110.0%
QoQ change +1.0pp +1.0pp
YoY change +0.0pp +9.0pp
3-year change -10.0pp +6.0pp
Disclosures tracked 22 19

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