Zillow (ZG) Operating Expenses (2014 - 2026)

Zillow (ZG) has 13 years of Operating Expenses data on file, last reported at $483.0 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $483.0 million, up 3.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 2.13% YoY), and the FY2025 annual result was $1.9 billion, up 2.26% from the prior year.
• Operating Expenses slipped to $483.0 million in Q1 2026 per ZG's latest filing, from $487.0 million in the prior quarter.
• Over five years, Operating Expenses peaked at $500.0 million in Q2 2025 and troughed at $402.0 million in Q2 2022.
• A 5-year average of $459.8 million and a median of $468.0 million in 2025 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses fell 15.55% in 2022, then rose 16.67% in 2023.
• A 5-year view of Operating Expenses shows it stood at $429.0 million in 2022, then climbed by 8.16% to $464.0 million in 2023, then increased by 5.39% to $489.0 million in 2024, then fell by 0.41% to $487.0 million in 2025, then retreated 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.