Zillow (Z) Operating Expenses (2014 - 2026)

Zillow (Z) has 13 years of Operating Expenses data on file, last reported at $483.0 million in Q1 2026.

• Quarterly Operating Expenses rose 3.21% year-over-year to $483.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 2.13% YoY) and the FY2025 annual result came in at $1.9 billion, up 2.26% from the prior year.
• Operating Expenses eased to $483.0 million in Q1 2026 per Z's latest filing, from $487.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $500.0 million in Q2 2025 and bottomed at $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.
• The widest annual swing landed in 2022, when Operating Expenses dropped 15.55%; it then grew 16.67% in 2023.
• Tracing Z's Operating Expenses over 5 years: stood at $429.0 million in 2022, then gained by 8.16% to $464.0 million in 2023, then climbed by 5.39% to $489.0 million in 2024, then dropped by 0.41% to $487.0 million in 2025, then declined by 0.82% to $483.0 million in 2026.
• Per Business Quant, the three latest Z Operating Expenses figures stand at $483.0 million (Q1 2026), $487.0 million (Q4 2025), and $494.0 million (Q3 2025).

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