Zillow (Z) Research & Development (2014 - 2026)

Zillow (Z) has reported Research & Development for 13 consecutive years, with $249.0 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development rose 10.18% year-over-year to $249.0 million in Q2 2026; TTM through Jun 2026 was $878.0 million, a 4.15% increase from a year earlier, with the FY2025 full-year figure at $843.0 million, up 6.71% from the prior year.
• Research & Development was $249.0 million for Q2 2026 at Zillow, up from $210.0 million in the prior quarter.
• Over five years, Research & Development peaked at $249.0 million in Q2 2026 and troughed at $156.0 million in Q1 2023.
• A 5-year average of $189.7 million and a median of $186.0 million in 2022 frame the typical range for Research & Development.
• Across the five-year window, Research & Development declined 28.82% in 2022 and surged 32.32% in 2024, its largest moves.
• Over 5 years, Research & Development stood at $162.0 million in 2022, then rose by 1.85% to $165.0 million in 2023, then climbed by 22.42% to $202.0 million in 2024, then increased by 1.49% to $205.0 million in 2025, then increased by 21.46% to $249.0 million in 2026.
• The last three Research & Development figures came in at $249.0 million (Q2 2026), $210.0 million (Q1 2026), and $205.0 million (Q4 2025), per Business Quant data.