Zillow Group, Inc. (ZG) Operating Expenses (2014 - 2026)
Zillow's Operating Expenses was $572 million in Q2 2026, up 14.4% from $500 million a year earlier and up 18.4% from the prior quarter.
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Analysis
Zillow Group, Inc. (ZG) Operating Expenses (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Zillow's Operating Expenses was $2.04 billion through Jun 30, 2026, up 4.8% year-over-year; for FY2025, it was $1.95 billion, up 2.3% from FY2024.
- Operating Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $1.91 billion in FY2024 (+6.2%), $1.79 billion in FY2023 (+6.5%), $1.68 billion in FY2022 (+7.3%) and $1.57 billion in FY2021 (+24.6%).
- The Q2 2026 figure marks the highest quarterly Operating Expenses since Q1 2020.
- Compared with a year earlier, Operating Expenses was higher in seven of the last eight quarters, with growth averaging 5.4%.
- The best year-over-year quarter for Operating Expenses over five years was Q4 2021 (growth of 299.8%); the worst was Q2 2022 (a decline of 15.5%).
- Per Business Quant data, ZG's Operating Expenses in the three quarters before Q2 2026 was $483 million (Q1 2026), $487 million (Q4 2025) and $494 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic 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 |
API Access
Zillow Group, Inc. Operating Expenses 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=operating-expenses&ticker=ZG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=ZG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();