KPIs & Operating Metrics(New)

Adjusted Ebitda By Segment Adjusted Ebitda By Segment Annual Adjusted Ebitda Margin By Segment %Adjusted Ebitda Margin By Segment Annual %Average Monthly Unique Users Average Monthly Unique Users Annual Breakdown Of Assets Cost Of Revenue Cost Of Revenue By Segment Deferred Revenue Employee Statistics Employee Statistics Annual Goodwill By Segment Gross Margin %Gross Margin By Segment %Gross Margin By Segment Annual %Gross Profit Gross Profit By Segment Gross Profit By Segment Annual Income (Loss) Before Income Taxes By Segment Maus Monthly Active Users Non Gaap Profitability Non Gaap Profitability %Non Gaap Profitability Annual Non Gaap Profitability Annual %No. Of Visits No. Of Visits Annual Number Of Homes Sold Opex As A % Of Revenue OPEX Segregation Properties By Sq. Feet Property & Equipment, Net Breakdown Purchase Obligations Total Revenue By Business Vertical Revenue By Business Vertical %Revenue By Business Vertical Homes Revenue By Business Vertical Homes Annual Revenue By Business Vertical Imt Revenue By Business Vertical Imt Annual Revenue By Category Annual Revenue By Category Annual %Revenue By Segment Revenue By Segment %Revenue By Segment Annual Revenue By Segment Annual %Total Loan Origination Volume Total Loan Origination Volume Annual

Balance Sheet

Cash Flow Statement

Growth Metrics

Others

Accumulated Depreciation & Amortization Accumulated Depreciation & Amortization Cost of Revenue EBIAT Gross Profit Leases Long-Term Debt Issuances Other Gross PP&E Adjustments Other Gross PP&E Adjustments Property, Plant & Equipment (Gross)Property, Plant & Equipment (Gross)Receivables - Net Receivables - Other Shares Issued Shares Outstanding Shares Outstanding Shares Repurchased Short-Term Debt issuances Short-Term Debt repayments

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

Zillow has reported Cost of Revenue over the past 12 years, most recently at $205.0 million for Q4 2025.

Quarterly Cost of Revenue rose 436.07% to $205.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $724.0 million through Dec 2025, up 77.89% year-over-year, with the annual reading at $843.0 million for FY2025, 59.96% up from the prior year.
Cost of Revenue was $205.0 million for Q4 2025 at Zillow, down from $214.0 million in the prior quarter.
Over five years, Cost of Revenue peaked at $772.0 million in Q2 2021 and troughed at -$209.0 million in Q4 2021.
The 5-year median for Cost of Revenue is $152.5 million (2022), against an average of $174.7 million.
Year-over-year, Cost of Revenue crashed 117.33% in 2024 and then skyrocketed 436.07% in 2025.
A 5-year view of Cost of Revenue shows it stood at -$209.0 million in 2021, then skyrocketed by 284.69% to $386.0 million in 2022, then decreased by 8.81% to $352.0 million in 2023, then crashed by 117.33% to -$61.0 million in 2024, then skyrocketed by 436.07% to $205.0 million in 2025.
Per Business Quant, the three most recent readings for ZG's Cost of Revenue are $205.0 million (Q4 2025), $214.0 million (Q3 2025), and $166.0 million (Q2 2025).