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Zillow (Z) Cost of Revenue (2016 - 2025)

Zillow (Z) has disclosed Cost of Revenue for 12 consecutive years, with $205.0 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 436.07% to $205.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $843.0 million through Dec 2025, up 74.17% year-over-year, with the annual reading at $843.0 million for FY2025, 59.96% up from the prior year.
  • Cost of Revenue for Q4 2025 was $205.0 million at Zillow, down from $214.0 million in the prior quarter.
  • The five-year high for Cost of Revenue was $772.0 million in Q2 2021, with the low at -$61.0 million in Q4 2024.
  • Average Cost of Revenue over 5 years is $203.8 million, with a median of $164.5 million recorded in 2023.
  • The sharpest move saw Cost of Revenue plummeted 136.97% in 2024, then surged 436.07% in 2025.
  • Over 5 years, Cost of Revenue stood at $95.0 million in 2021, then surged by 70.53% to $162.0 million in 2022, then rose by 1.85% to $165.0 million in 2023, then tumbled by 136.97% to -$61.0 million in 2024, then soared by 436.07% to $205.0 million in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $205.0 million, $214.0 million, and $226.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.