KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Growth Metrics
Income Statement
Consolidated Net IncomeEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest ExpensesNet Income towards Common StockholdersOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRestructuring CostsRevenueSelling, General & AdministrativeShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax Rate
Others
Ratios

Zillow (ZG) Operating Expenses (2016 - 2025)

Zillow (ZG) has disclosed Operating Expenses for 12 consecutive years, with $487.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses changed 0.41% to $487.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.9 billion, a 2.26% increase, with the full-year FY2025 number at $1.9 billion, up 2.26% from a year prior.
  • Operating Expenses was $487.0 million for Q4 2025 at Zillow, down from $494.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $500.0 million in Q2 2025 to a low of $262.0 million in Q4 2021.
  • A 5-year average of $445.2 million and a median of $457.5 million in 2023 define the central range for Operating Expenses.
  • Biggest YoY gain for Operating Expenses was 118.43% in 2021; the steepest drop was 67.02% in 2021.
  • Zillow's Operating Expenses stood at $262.0 million in 2021, then skyrocketed by 63.74% to $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 dropped by 0.41% to $487.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZG's Operating Expenses are $487.0 million (Q4 2025), $494.0 million (Q3 2025), and $500.0 million (Q2 2025).