Zillow (Z) Cost of Revenue (2014 - 2026)
Zillow (Z) recorded Cost of Revenue of $208 million in Q3 2026, up 12.4% from $185 million a year earlier but down 1.0% from the prior quarter.
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Analysis
Zillow (Z) Cost of Revenue (2014 - 2026) Analysis & Trends
On a TTM basis, Zillow's Cost of Revenue came in at $785 million as of Sep 30, 2026, up 25.8% year-over-year; for FY2025, it was $668 million, up 26.8% from FY2024.
- Annual Cost of Revenue has increased for five straight years, with a five-year compound annual growth rate of 21.2% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $527 million in FY2024 (+25.2%), $421 million in FY2023 (+14.7%), $367 million in FY2022 (+13.6%) and $323 million in FY2021 (+26.7%).
- Quarterly Cost of Revenue has ranged from $89 million in Q3 2022 to $210 million in Q2 2026 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for 14 consecutive quarters, with growth averaging 24.6% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 36.0% in Q1 2026, against a decline of 87.4% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $210 million (Q2 2026), $189 million (Q1 2026) and $178 million (Q4 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 208.00 Mn |
| Jun 30, 2026 | 210.00 Mn |
| Mar 31, 2026 | 189.00 Mn |
| Dec 31, 2025 | 178.00 Mn |
| Sep 30, 2025 | 185.00 Mn |
| Jun 30, 2025 | 166.00 Mn |
| Mar 31, 2025 | 139.00 Mn |
| Dec 31, 2024 | 134.00 Mn |
| Sep 30, 2024 | 140.00 Mn |
| Jun 30, 2024 | 130.00 Mn |
| Mar 31, 2024 | 123.00 Mn |
| Dec 31, 2023 | 115.00 Mn |
| Sep 30, 2023 | 110.00 Mn |
| Jun 30, 2023 | 104.00 Mn |
| Mar 31, 2023 | 92.00 Mn |
| Dec 31, 2022 | 89.00 Mn |
| Sep 30, 2022 | 89.00 Mn |
| Jun 30, 2022 | 97.00 Mn |
| Mar 31, 2022 | 92.00 Mn |
| Dec 31, 2021 | 95.00 Mn |
API Access
Zillow Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=Z&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "Z", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=Z&period=max&api_key=YOUR_API_KEY");
const data = await res.json();