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Zillow (Z) Research & Development (2016 - 2025)

Zillow (Z) has disclosed Research & Development for 12 consecutive years, with $154.0 million as the latest value for Q4 2025.

  • Quarterly Research & Development rose 3.36% to $154.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $607.0 million through Dec 2025, up 3.76% year-over-year, with the annual reading at $607.0 million for FY2025, 3.76% up from the prior year.
  • Research & Development for Q4 2025 was $154.0 million at Zillow, up from $151.0 million in the prior quarter.
  • The five-year high for Research & Development was $154.0 million in Q4 2025, with the low at $101.0 million in Q3 2021.
  • Average Research & Development over 5 years is $135.1 million, with a median of $141.5 million recorded in 2022.
  • Peak annual rise in Research & Development hit 226.53% in 2021, while the deepest fall reached 11.06% in 2021.
  • Over 5 years, Research & Development stood at $102.0 million in 2021, then grew by 26.47% to $129.0 million in 2022, then increased by 9.3% to $141.0 million in 2023, then increased by 5.67% to $149.0 million in 2024, then rose by 3.36% to $154.0 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods came in at $154.0 million, $151.0 million, and $153.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.