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Zillow (ZG) Operating Leases (2019 - 2026)

Zillow has reported Operating Leases over the past 7 years, most recently at $93.0 million for Q4 2025.

  • Quarterly Operating Leases rose 12.05% to $93.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $93.0 million through Dec 2025, up 12.05% year-over-year, with the annual reading at $93.0 million for FY2025, 12.05% up from the prior year.
  • Operating Leases was $93.0 million for Q4 2025 at Zillow, up from $82.0 million in the prior quarter.
  • Over five years, Operating Leases peaked at $200.8 million in Q1 2021 and troughed at $80.0 million in Q1 2025.
  • The 5-year median for Operating Leases is $122.5 million (2023), against an average of $123.4 million.
  • Year-over-year, Operating Leases plummeted 31.65% in 2023 and then increased 12.05% in 2025.
  • A 5-year view of Operating Leases shows it stood at $148.0 million in 2021, then decreased by 6.08% to $139.0 million in 2022, then plummeted by 31.65% to $95.0 million in 2023, then fell by 12.63% to $83.0 million in 2024, then increased by 12.05% to $93.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZG's Operating Leases are $93.0 million (Q4 2025), $82.0 million (Q3 2025), and $86.0 million (Q2 2025).