KPIs & Operating Metrics(New)
Adjusted Ebitda By SegmentAdjusted Ebitda By Segment AnnualAdjusted Ebitda Margin By Segment %Adjusted Ebitda Margin By Segment Annual %Average Monthly Unique UsersAverage Monthly Unique Users AnnualBreakdown Of AssetsCost Of RevenueCost Of Revenue By SegmentDeferred RevenueEmployee StatisticsEmployee Statistics AnnualGoodwill By SegmentGross Margin %Gross Margin By Segment %Gross Margin By Segment Annual %Gross ProfitGross Profit By SegmentGross Profit By Segment AnnualIncome (Loss) Before Income Taxes By SegmentMaus Monthly Active UsersNon Gaap ProfitabilityNon Gaap Profitability %Non Gaap Profitability AnnualNon Gaap Profitability Annual %No. Of VisitsNo. Of Visits AnnualNumber Of Homes SoldOpex As A % Of RevenueOPEX SegregationProperties By Sq. FeetProperty & Equipment, Net BreakdownPurchase Obligations TotalRevenue By Business VerticalRevenue By Business Vertical %Revenue By Business Vertical HomesRevenue By Business Vertical Homes AnnualRevenue By Business Vertical ImtRevenue By Business Vertical Imt AnnualRevenue By Category AnnualRevenue By Category Annual %Revenue By SegmentRevenue By Segment %Revenue By Segment AnnualRevenue By Segment Annual %Total Loan Origination VolumeTotal Loan Origination Volume Annual
Balance Sheet
Cash Flow Statement
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest ExpensesNet Income towards Common StockholdersOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRestructuring CostsRevenueSelling, General & AdministrativeShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
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Ratios

Zillow (ZG) Cost Of Revenue (2018 - 2025)

Zillow (ZG) has disclosed Cost of Revenue for 12 consecutive years, with $30.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 77.61% to $30.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $579.0 million, a 9.87% increase, with the full-year FY2025 number at $668.0 million, up 26.76% from a year prior.
  • Cost of Revenue was $30.0 million for Q4 2025 at Zillow, down from $185.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $771.9 million in Q2 2021 to a low of -$761.2 million in Q3 2021.
  • A 5-year average of $128.6 million and a median of $107.0 million in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: tumbled 412.24% in 2021, then skyrocketed 1419.89% in 2022.
  • Zillow's Cost of Revenue stood at -$6.7 million in 2021, then surged by 1419.89% to $89.0 million in 2022, then increased by 29.21% to $115.0 million in 2023, then grew by 16.52% to $134.0 million in 2024, then plummeted by 77.61% to $30.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZG's Cost of Revenue are $30.0 million (Q4 2025), $185.0 million (Q3 2025), and $166.0 million (Q2 2025).