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

Zillow (Z) has 13 years of Cost of Revenue data on file, last reported at $189.0 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $189.0 million, down 4.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $774.0 million (up 28.57% YoY), and the FY2025 annual result was $843.0 million, up 59.96% from the prior year.
• Cost of Revenue declined to $189.0 million in Q1 2026 per Z's latest filing, from $205.0 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $214.0 million in Q3 2025 and troughed at -$72.0 million in Q4 2023.
• A 5-year average of $131.7 million and a median of $134.0 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue slumped 144.44% in 2023, then jumped 286.11% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $162.0 million in 2022, then slumped by 144.44% to -$72.0 million in 2023, then jumped by 286.11% to $134.0 million in 2024, then jumped by 52.99% to $205.0 million in 2025, then retreated by 7.8% to $189.0 million in 2026.
• Business Quant data shows Z's Cost of Revenue at $189.0 million in Q1 2026, $205.0 million in Q4 2025, and $214.0 million in Q3 2025.