Zillow (Z) Invested Capital (2015 - 2026)
Zillow (Z) reported Invested Capital of $4.7 billion for Q1 2026, down 3.73% year-over-year from $4.9 billion in Q1 2025, and down 9.62% on a QoQ basis from $5.2 billion in Q4 2025.
Zillow (Z) has 12 years of Invested Capital data on file, last reported at $4.7 billion in Q1 2026.
- Quarterly Invested Capital fell 3.73% year-over-year to $4.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.7 billion (down 3.73% YoY) and the FY2025 annual result came in at $5.2 billion, changed 0.34% from the prior year.
- Invested Capital eased to $4.7 billion in Q1 2026 per Z's latest filing, from $5.2 billion in the prior quarter.
- Across five years, Invested Capital topped out at $5.5 billion in Q2 2024 and bottomed at $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.
- The widest annual swing landed in 2022, when Invested Capital dropped 29.63%; it then gained 21.4% in 2024.
- Tracing Z's Invested Capital over 5 years: stood at $4.5 billion in 2022, then rose by 3.06% to $4.6 billion in 2023, then increased by 14.01% to $5.3 billion in 2024, then declined by 0.34% to $5.2 billion in 2025, then dropped by 9.62% to $4.7 billion in 2026.
- Per Business Quant, the three latest Z Invested Capital figures stand at $4.7 billion (Q1 2026), $5.2 billion (Q4 2025), and $5.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 478.75 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 243.68 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 9.40 Bn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 3.18 Bn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 18.40 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 2.85 Bn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | - |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 5.62 Bn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 3.33 Bn |
| 10 | Zillow | 8.25 Bn | 7.47 Bn | 519.00 Mn | 4.74 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.74 Bn |
| Dec 31, 2025 | 5.25 Bn |
| Sep 30, 2025 | 4.99 Bn |
| Jun 30, 2025 | 4.98 Bn |
| Mar 31, 2025 | 4.93 Bn |
| Dec 31, 2024 | 5.27 Bn |
| Sep 30, 2024 | 5.07 Bn |
| Jun 30, 2024 | 5.53 Bn |
| Mar 31, 2024 | 4.79 Bn |
| Dec 31, 2023 | 4.62 Bn |
| Sep 30, 2023 | 5.14 Bn |
| Jun 30, 2023 | 4.55 Bn |
| Mar 31, 2023 | 4.56 Bn |
| Dec 31, 2022 | 4.48 Bn |
| Sep 30, 2022 | 4.64 Bn |
| Jun 30, 2022 | 4.67 Bn |
| Mar 31, 2022 | 4.89 Bn |
| Dec 31, 2021 | 6.08 Bn |
| Sep 30, 2021 | 6.24 Bn |
| Jun 30, 2021 | 6.63 Bn |
| Mar 31, 2021 | 6.17 Bn |
| Dec 31, 2020 | 4.74 Bn |
| Sep 30, 2020 | 4.31 Bn |
| Jun 30, 2020 | 4.21 Bn |
| Mar 31, 2020 | 3.88 Bn |
| Dec 31, 2019 | 4.16 Bn |
| Sep 30, 2019 | 4.15 Bn |
| Jun 30, 2019 | 3.69 Bn |
| Mar 31, 2019 | 3.53 Bn |
| Dec 31, 2018 | 3.42 Bn |
| Sep 30, 2018 | 3.34 Bn |
| Jun 30, 2018 | 2.85 Bn |
| Mar 31, 2018 | 2.77 Bn |
| Dec 31, 2017 | 2.66 Bn |
| Dec 31, 2016 | 2.53 Bn |
| Dec 31, 2015 | 2.68 Bn |