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Zillow (ZG) Operating Leases (2019 - 2025)

Zillow (ZG) has disclosed Operating Leases for 7 consecutive years, with $82.0 million as the latest value for Q3 2025.

  • On a quarterly basis, Operating Leases fell 4.65% to $82.0 million in Q3 2025 year-over-year; TTM through Sep 2025 was $82.0 million, a 4.65% decrease, with the full-year FY2024 number at $83.0 million, down 12.63% from a year prior.
  • Operating Leases was $82.0 million for Q3 2025 at Zillow, down from $86.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $200.8 million in Q1 2021 to a low of $80.0 million in Q1 2025.
  • A 5-year average of $125.0 million and a median of $126.0 million in 2023 define the central range for Operating Leases.
  • Peak YoY movement for Operating Leases: plummeted 31.65% in 2023, then decreased 3.37% in 2025.
  • Zillow's Operating Leases stood at $148.0 million in 2021, then fell by 6.08% to $139.0 million in 2022, then tumbled by 31.65% to $95.0 million in 2023, then dropped by 12.63% to $83.0 million in 2024, then decreased by 1.2% to $82.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZG's Operating Leases are $82.0 million (Q3 2025), $86.0 million (Q2 2025), and $80.0 million (Q1 2025).