Zillow (Z) Research & Development (2014 - 2026)
Zillow (Z) posted quarterly Research & Development of $210.0 million for Q1 2026, up 6.06% year-over-year from $198.0 million in Q1 2025, and up 36.36% quarter-over-quarter from $154.0 million in Q4 2025.
Zillow (Z) Research & Development (2014 - 2026) Analysis & Trends
Zillow (Z) has reported Research & Development for 13 consecutive years, with $210.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 6.06% year-over-year to $210.0 million; the TTM figure through Mar 2026 stood at $741.0 million (up 7.55% YoY), while the FY2025 annual figure was $607.0 million, down 23.16% from the prior year.
- Research & Development improved to $210.0 million in Q1 2026 per Z's latest filing, from $154.0 million in the prior quarter.
- Across five years, Research & Development topped out at $226.0 million in Q2 2025 and bottomed at -$4.0 million in Q4 2022.
- Historically, Research & Development has averaged $153.7 million across 5 years, with a median of $151.0 million in 2025.
- Annual changes were most pronounced in 2022 — Research & Development plunged 102.19% — and 2023, when it jumped 3625.0%.
- Zillow's Research & Development stood at -$4.0 million in 2022, then surged by 3625.0% to $141.0 million in 2023, then soared by 43.26% to $202.0 million in 2024, then retreated by 23.76% to $154.0 million in 2025, then soared by 36.36% to $210.0 million in 2026.
- Business Quant data shows Z's Research & Development at $210.0 million in Q1 2026, $154.0 million in Q4 2025, and $151.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,169.37 Bn | 3,740.34 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,523.99 Bn | 1,433.73 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Taboola.com | 1,150.19 Bn | 1,150.06 Bn | 139.48 Mn | 67.16 Mn |
| 4 | Baidu | 289.04 Bn | 284.55 Bn | 1.88 Mn | 635.00 Mn |
| 5 | Spotify Technology | 102.97 Bn | 92.73 Bn | 1.75 Bn | 387.52 Mn |
| 6 | Joyy | 77.43 Bn | 76.54 Bn | 205.64 Mn | -61.54 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.26 Bn | 39.63 Bn | 295.20 Mn | 67.40 Mn |
| 9 | 30.10 Bn | 27.31 Bn | 734.60 Mn | 231.28 Mn | |
| 10 | Zillow | 7.79 Bn | 7.11 Bn | 562.00 Mn | 249.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 249.00 Mn |
| Mar 31, 2026 | 210.00 Mn |
| Dec 31, 2025 | 154.00 Mn |
| Sep 30, 2025 | 151.00 Mn |
| Jun 30, 2025 | 226.00 Mn |
| Mar 31, 2025 | 198.00 Mn |
| Dec 31, 2024 | 202.00 Mn |
| Sep 30, 2024 | 145.00 Mn |
| Jun 30, 2024 | 144.00 Mn |
| Mar 31, 2024 | 147.00 Mn |
| Dec 31, 2023 | 141.00 Mn |
| Sep 30, 2023 | 164.00 Mn |
| Jun 30, 2023 | 140.00 Mn |
| Mar 31, 2023 | 137.00 Mn |
| Dec 31, 2022 | -4.00 Mn |
| Sep 30, 2022 | 165.00 Mn |
| Jun 30, 2022 | 119.00 Mn |
| Mar 31, 2022 | 174.00 Mn |
| Dec 31, 2021 | 183.00 Mn |
| Sep 30, 2021 | 101.00 Mn |