Zillow (ZG) Invested Capital (2017 - 2026)
Zillow's Invested Capital was $4.62 billion in Q3 2026, down 12.2% from $5.26 billion a year earlier and down 3.2% from the prior quarter.
Powered by 
Analysis
Zillow (ZG) Invested Capital (2017 - 2026) Analysis & Trends
For FY2025, Invested Capital at Zillow came in at $5.25 billion, down 3.0% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of -5.7% (FY2020 to FY2025).
- In earlier years, Invested Capital was $5.41 billion in FY2024 (+3.5%), $5.23 billion in FY2023 (+15.6%), $4.52 billion in FY2022 (-33.3%) and $6.77 billion in FY2021 (-3.6%).
- The Q3 2026 figure marks the lowest quarterly Invested Capital since Q2 2023.
- Compared with a year earlier, Invested Capital has declined for four straight quarters, with an average decline of 5.0% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q2 2024 (growth of 25.4%); the worst was Q3 2022 (a decline of 54.6%).
- Per Business Quant data, ZG's Invested Capital in the three quarters before Q3 2026 was $4.77 billion (Q2 2026), $4.74 billion (Q1 2026) and $5.25 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | -65,223.00 |
| 2 | Veeva Systems | 49.39 Bn | 21.63 Bn | 695.95 Mn | - |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | - |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 4.89 Bn |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | - |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | - |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 2.45 Bn |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 6.51 Bn |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 8.99 Bn |
| 10 | Zillow | 6.85 Bn | 3.38 Bn | 516.00 Mn | 4.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.62 Bn |
| Jun 30, 2026 | 4.77 Bn |
| Mar 31, 2026 | 4.74 Bn |
| Dec 31, 2025 | 5.25 Bn |
| Sep 30, 2025 | 5.26 Bn |
| Jun 30, 2025 | 4.98 Bn |
| Mar 31, 2025 | 5.35 Bn |
| Dec 31, 2024 | 5.41 Bn |
| Sep 30, 2024 | 5.22 Bn |
| Jun 30, 2024 | 5.71 Bn |
| Mar 31, 2024 | 5.40 Bn |
| Dec 31, 2023 | 5.23 Bn |
| Sep 30, 2023 | 5.23 Bn |
| Jun 30, 2023 | 4.55 Bn |
| Mar 31, 2023 | 4.56 Bn |
| Dec 31, 2022 | 4.52 Bn |
| Sep 30, 2022 | 4.64 Bn |
| Jun 30, 2022 | 4.72 Bn |
| Mar 31, 2022 | 5.68 Bn |
| Dec 31, 2021 | 6.77 Bn |
API Access
Zillow Invested Capital 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=invested-capital&ticker=ZG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ZG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();