Zillow (Z) Invested Capital (2018 - 2026)
Zillow (Z) posted quarterly Invested Capital of $335.0 million for Q1 2026, down 20.05% year-over-year from $419.0 million in Q1 2025, and down 7.97% quarter-over-quarter from $364.0 million in Q4 2025.
Zillow (Z) Invested Capital (2018 - 2026) Analysis & Trends
Zillow (Z) has reported Invested Capital for 9 consecutive years, with $335.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Invested Capital fell 20.05% year-over-year to $335.0 million; the TTM figure through Mar 2026 stood at $699.0 million (down 21.81% YoY), while the FY2025 annual figure was $364.0 million, up 151.03% from the prior year.
- Invested Capital fell to $335.0 million in Q1 2026 per Z's latest filing, from $364.0 million in the prior quarter.
- Across five years, Invested Capital topped out at $790.0 million in Q1 2022 and bottomed at $37.0 million in Q4 2022.
- Historically, Invested Capital has averaged $277.1 million across 5 years, with a median of $165.0 million in 2024.
- Annual changes were most pronounced in 2022 — Invested Capital tumbled 98.32% — and 2023, when it jumped 1540.54%.
- Zillow's Invested Capital stood at $37.0 million in 2022, then surged by 1540.54% to $607.0 million in 2023, then tumbled by 76.11% to $145.0 million in 2024, then surged by 151.03% to $364.0 million in 2025, then decreased by 7.97% to $335.0 million in 2026.
- Business Quant data shows Z's Invested Capital at $335.0 million in Q1 2026, $364.0 million in Q4 2025, and $419.0 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | - |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 2.16 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | -1.53 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 10.67 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 18.40 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | - | |
| 10 | Zillow | 7.78 Bn | 7.09 Bn | 562.00 Mn | 465.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 465.00 Mn |
| Mar 31, 2026 | 335.00 Mn |
| Dec 31, 2025 | 364.00 Mn |
| Mar 31, 2025 | 419.00 Mn |
| Dec 31, 2024 | 145.00 Mn |
| Sep 30, 2024 | 148.00 Mn |
| Jun 30, 2024 | 182.00 Mn |
| Mar 31, 2024 | 608.00 Mn |
| Dec 31, 2023 | 607.00 Mn |
| Sep 30, 2023 | 91.00 Mn |
| Jun 30, 2023 | 66.00 Mn |
| Mar 31, 2023 | 42.00 Mn |
| Dec 31, 2022 | 37.00 Mn |
| Sep 30, 2022 | 45.00 Mn |
| Mar 31, 2022 | 790.00 Mn |
| Dec 31, 2021 | 113.00 Mn |
| Sep 30, 2021 | 2.67 Bn |
| Jun 30, 2021 | 987.83 Mn |
| Mar 31, 2021 | 662.18 Mn |
| Sep 30, 2020 | 232.40 Mn |