Zillow Group, Inc. (Z) Operating Expenses (2014 - 2026)

Zillow has disclosed Operating Expenses across 13 years of filings, most recently posting $483.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 3.21% year-over-year to $483.0 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 2.13% YoY), while the FY2025 annual figure was $1.9 billion, up 2.26% from the prior year.
• Operating Expenses declined to $483.0 million in Q1 2026, from $487.0 million in the prior quarter.
• Over the last five years, Operating Expenses for Z reached as high as $500.0 million in Q2 2025 and fell as low as $402.0 million in Q2 2022.
• The 5-year median for Operating Expenses is $468.0 million (2025), against an average of $459.8 million.
• Annual changes were most pronounced in 2022 — Operating Expenses fell 15.55% — and 2023, when it rose 16.67%.
• A 5-year view of Operating Expenses shows it stood at $429.0 million in 2022, then climbed by 8.16% to $464.0 million in 2023, then increased by 5.39% to $489.0 million in 2024, then fell by 0.41% to $487.0 million in 2025, then retreated by 0.82% to $483.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $483.0 million, $487.0 million, and $494.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.