Growth Metrics

Zillow (Z) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Zillow (Z) over the last 12 years, with Q4 2025 value amounting to $487.0 million.

  • Zillow's Operating Expenses fell 40.9% to $487.0 million in Q4 2025 from the same period last year, while for Dec 2025 it was $1.9 billion, marking a year-over-year increase of 225.6%. This contributed to the annual value of $1.9 billion for FY2025, which is 225.6% up from last year.
  • According to the latest figures from Q4 2025, Zillow's Operating Expenses is $487.0 million, which was down 40.9% from $494.0 million recorded in Q3 2025.
  • In the past 5 years, Zillow's Operating Expenses registered a high of $500.0 million during Q2 2025, and its lowest value of $402.0 million during Q2 2022.
  • In the last 5 years, Zillow's Operating Expenses had a median value of $457.5 million in 2023 and averaged $452.4 million.
  • Data for Zillow's Operating Expenses shows a peak YoY increase of 29980.79% (in 2021) and a maximum YoY decrease of 6701.63% (in 2021) over the last 5 years.
  • Quarter analysis of 5 years shows Zillow's Operating Expenses stood at $408.0 million in 2021, then grew by 5.15% to $429.0 million in 2022, then increased by 8.16% to $464.0 million in 2023, then rose by 5.39% to $489.0 million in 2024, then dropped by 0.41% to $487.0 million in 2025.
  • Its Operating Expenses stands at $487.0 million for Q4 2025, versus $494.0 million for Q3 2025 and $500.0 million for Q2 2025.