Zillow (Z) Operating Leases (2019 - 2026)
Zillow (Z) posted quarterly Operating Leases of $80.0 million for Q1 2026, little changed year-over-year from $80.0 million in Q1 2025, and up 1.27% quarter-over-quarter from $79.0 million in Q4 2025.
Zillow (Z) Operating Leases (2019 - 2026) Analysis & Trends
Zillow (Z) has reported Operating Leases for 8 consecutive years, with $80.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases changed 0.0% year-over-year to $80.0 million; the TTM figure through Mar 2026 stood at $80.0 million (changed 0.0% YoY), while the FY2025 annual figure was $79.0 million, down 4.82% from the prior year.
- Operating Leases climbed 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.
- Historically, Operating Leases has averaged $106.8 million across 5 years, with a median of $92.0 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Leases tumbled 31.65% — and 2026, when it changed 0.0%.
- Zillow's Operating Leases stood at $139.0 million in 2022, then tumbled by 31.65% to $95.0 million in 2023, then retreated by 12.63% to $83.0 million in 2024, then dropped by 4.82% to $79.0 million in 2025, then advanced by 1.27% to $80.0 million in 2026.
- Business Quant data shows Z's Operating Leases at $80.0 million in Q1 2026, $79.0 million in Q4 2025, and $82.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 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 |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | |
| 10 | Zillow | 7.78 Bn | 7.09 Bn | 562.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 77.00 Mn |
| Mar 31, 2026 | 80.00 Mn |
| Dec 31, 2025 | 79.00 Mn |
| Sep 30, 2025 | 82.00 Mn |
| Jun 30, 2025 | 86.00 Mn |
| Mar 31, 2025 | 80.00 Mn |
| Dec 31, 2024 | 83.00 Mn |
| Sep 30, 2024 | 86.00 Mn |
| Jun 30, 2024 | 89.00 Mn |
| Mar 31, 2024 | 92.00 Mn |
| Dec 31, 2023 | 95.00 Mn |
| Sep 30, 2023 | 119.00 Mn |
| Jun 30, 2023 | 126.00 Mn |
| Mar 31, 2023 | 133.00 Mn |
| Dec 31, 2022 | 139.00 Mn |
| Sep 30, 2022 | 141.00 Mn |
| Jun 30, 2022 | 150.00 Mn |
| Mar 31, 2022 | 156.00 Mn |
| Dec 31, 2021 | 148.00 Mn |
| Sep 30, 2021 | 174.43 Mn |