Zillow (Z) Cost of Revenue (2014 - 2026)

Zillow (Z) has reported Cost of Revenue for 13 consecutive years, with $210.0 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 26.51% year-over-year to $210.0 million in Q2 2026; TTM through Jun 2026 was $762.0 million, a 31.61% increase from a year earlier, with the FY2025 full-year figure at $668.0 million, up 26.76% from the prior year.
• Cost of Revenue was $210.0 million for Q2 2026 at Zillow, up from $189.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $210.0 million in Q2 2026 and troughed at $89.0 million in Q3 2022.
• A 5-year average of $132.3 million and a median of $126.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue sank 87.44% in 2022 and surged 35.97% in 2026, its largest moves.
• Over 5 years, Cost of Revenue stood at $89.0 million in 2022, then rose by 29.21% to $115.0 million in 2023, then advanced by 16.52% to $134.0 million in 2024, then surged by 32.84% to $178.0 million in 2025, then advanced by 17.98% to $210.0 million in 2026.
• The last three Cost of Revenue figures came in at $210.0 million (Q2 2026), $189.0 million (Q1 2026), and $178.0 million (Q4 2025), per Business Quant data.