Zillow Group, Inc. (Z) Invested Capital (2017 - 2026)

Zillow has disclosed Invested Capital across 12 years of filings, most recently posting $4.7 billion for Q1 2026.

• In Q1 2026, Invested Capital fell 3.73% year-over-year to $4.7 billion; the TTM figure through Mar 2026 stood at $4.7 billion (down 3.73% YoY), while the FY2025 annual figure was $5.2 billion, changed 0.34% from the prior year.
• Invested Capital declined to $4.7 billion in Q1 2026, from $5.2 billion in the prior quarter.
• Over the last five years, Invested Capital for Z reached as high as $5.5 billion in Q2 2024 and fell as low as $4.5 billion in Q4 2022.
• The 5-year median for Invested Capital is $4.9 billion (2022), against an average of $4.9 billion.
• Annual changes were most pronounced in 2022 — Invested Capital fell 29.63% — and 2024, when it climbed 21.4%.
• A 5-year view of Invested Capital shows it stood at $4.5 billion in 2022, then advanced by 3.06% to $4.6 billion in 2023, then gained by 14.01% to $5.3 billion in 2024, then retreated by 0.34% to $5.2 billion in 2025, then fell by 9.62% to $4.7 billion in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $4.7 billion, $5.2 billion, and $5.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.