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

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.