Growth Metrics

Zillow (ZG) Invested Capital (2016 - 2026)

Zillow has reported Invested Capital over the past 11 years, most recently at $4.9 billion for Q4 2025.

  • Quarterly Invested Capital fell 2.18% to $4.9 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $4.9 billion through Dec 2025, down 2.18% year-over-year, with the annual reading at $4.9 billion for FY2025, 2.18% down from the prior year.
  • Invested Capital was $4.9 billion for Q4 2025 at Zillow, down from $5.3 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $6.6 billion in Q2 2021 and troughed at $4.5 billion in Q4 2022.
  • The 5-year median for Invested Capital is $5.0 billion (2025), against an average of $5.1 billion.
  • Year-over-year, Invested Capital soared 64.45% in 2021 and then fell 28.8% in 2022.
  • A 5-year view of Invested Capital shows it stood at $5.4 billion in 2021, then fell by 16.35% to $4.5 billion in 2022, then increased by 3.06% to $4.6 billion in 2023, then rose by 8.1% to $5.0 billion in 2024, then decreased by 2.18% to $4.9 billion in 2025.
  • Per Business Quant, the three most recent readings for ZG's Invested Capital are $4.9 billion (Q4 2025), $5.3 billion (Q3 2025), and $5.0 billion (Q2 2025).