Zillow Group, Inc. (ZG) Operating Expenses (2014 - 2026)
Zillow (ZG) posted quarterly Operating Expenses of $483.0 million for Q1 2026, up 3.21% year-over-year from $468.0 million in Q1 2025, and down 0.82% quarter-over-quarter from $487.0 million in Q4 2025.
Zillow Group, Inc. (ZG) Operating Expenses (2014 - 2026) Analysis & Trends
Zillow (ZG) has reported Operating Expenses for 13 consecutive years, with $483.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 3.21% year-over-year to $483.0 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 2.13% YoY), while the FY2025 annual figure was $1.9 billion, up 2.26% from the prior year.
- Operating Expenses fell to $483.0 million in Q1 2026 per ZG's latest filing, from $487.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $500.0 million in Q2 2025 and bottomed at $402.0 million in Q2 2022.
- Historically, Operating Expenses has averaged $459.8 million across 5 years, with a median of $468.0 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Expenses fell 15.55% — and 2023, when it rose 16.67%.
- Zillow's Operating Expenses stood at $429.0 million in 2022, then grew by 8.16% to $464.0 million in 2023, then rose by 5.39% to $489.0 million in 2024, then retreated by 0.41% to $487.0 million in 2025, then decreased by 0.82% to $483.0 million in 2026.
- Business Quant data shows ZG's Operating Expenses at $483.0 million in Q1 2026, $487.0 million in Q4 2025, and $494.0 million in Q3 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 572.00 Mn |
| Mar 31, 2026 | 483.00 Mn |
| Dec 31, 2025 | 487.00 Mn |
| Sep 30, 2025 | 494.00 Mn |
| Jun 30, 2025 | 500.00 Mn |
| Mar 31, 2025 | 468.00 Mn |
| Dec 31, 2024 | 489.00 Mn |
| Sep 30, 2024 | 486.00 Mn |
| Jun 30, 2024 | 480.00 Mn |
| Mar 31, 2024 | 451.00 Mn |
| Dec 31, 2023 | 464.00 Mn |
| Sep 30, 2023 | 439.00 Mn |
| Jun 30, 2023 | 469.00 Mn |
| Mar 31, 2023 | 422.00 Mn |
| Dec 31, 2022 | 429.00 Mn |
| Sep 30, 2022 | 445.00 Mn |
| Jun 30, 2022 | 402.00 Mn |
| Mar 31, 2022 | 408.00 Mn |
| Dec 31, 2021 | 408.00 Mn |
| Sep 30, 2021 | 413.00 Mn |