Zillow (Z) Operating Leases (2019 - 2026)

Zillow (Z) has 8 years of Operating Leases data on file, last reported at $80.0 million in Q1 2026.

• Quarterly Operating Leases changed 0.0% year-over-year to $80.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $80.0 million (changed 0.0% YoY) and the FY2025 annual result came in at $79.0 million, down 4.82% from the prior year.
• Operating Leases grew to $80.0 million in Q1 2026 per Z's latest filing, from $79.0 million in the prior quarter.
• Across five years, Operating Leases topped out at $156.0 million in Q1 2022 and bottomed at $79.0 million in Q4 2025.
• The 5-year median for Operating Leases is $92.0 million (2024), against an average of $106.8 million.
• The widest annual swing landed in 2023, when Operating Leases sank 31.65%; it then changed 0.0% in 2026.
• Tracing Z's Operating Leases over 5 years: stood at $139.0 million in 2022, then plunged by 31.65% to $95.0 million in 2023, then dropped by 12.63% to $83.0 million in 2024, then retreated by 4.82% to $79.0 million in 2025, then increased by 1.27% to $80.0 million in 2026.
• Per Business Quant, the three latest Z Operating Leases figures stand at $80.0 million (Q1 2026), $79.0 million (Q4 2025), and $82.0 million (Q3 2025).

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