Zillow (ZG) Cost of Revenue (2014 - 2026)
Zillow (ZG) reported Cost of Revenue of $210 million for Q2 2026, up 26.5% from $166 million a year earlier and up 11.1% from the prior quarter.
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Zillow (ZG) Cost of Revenue (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Zillow's Cost of Revenue came in at $762 million, up 31.6% year-over-year; for FY2025, it came in at $668 million, up 26.8% from FY2024.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 21.2% (FY2020 to FY2025).
- By year, Cost of Revenue came in at $527 million in FY2024 (+25.2%), $421 million in FY2023 (+14.7%), $367 million in FY2022 (+13.6%) and $323 million in FY2021 (+26.7%).
- The Q2 2026 figure ranks as the highest quarterly Cost of Revenue since Q2 2021.
- Year over year, Cost of Revenue has now increased in each of the last 13 quarters, with growth averaging 26.5% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was Q1 2026 (growth of 36.0%); the low point was Q2 2022 (a decline of 87.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $189 million (Q1 2026), $178 million (Q4 2025) and $185 million (Q3 2025).
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Zillow Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ZG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ZG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ZG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();