Zillow (ZG) Operating Leases (2019 - 2026)
Zillow (ZG) recorded Operating Leases of $77 million in Q2 2026, down 10.5% from $86 million a year earlier and down 3.8% from the prior quarter.
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Analysis
Zillow (ZG) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Zillow reported Operating Leases of $79 million, down 4.8% from FY2024.
- Annual Operating Leases has declined for six straight years, with a five-year compound annual growth rate of -17.6% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $83 million in FY2024 (-12.6%), $95 million in FY2023 (-31.7%), $139 million in FY2022 (-6.1%) and $148 million in FY2021 (-28.8%).
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2019.
- The year-over-year decline in Operating Leases has ranged between 0.0% (Q1 2026) and 31.7% (Q4 2023) over the last five years.
- Per Business Quant, the preceding three quarters came in at $80 million (Q1 2026), $79 million (Q4 2025) and $82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | Zillow | 6.33 Bn | 2.18 Bn | 562.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.00 Mn |
| Mar 31, 2026 | 80.00 Mn |
| Dec 31, 2025 | 79.00 Mn |
| Sep 30, 2025 | 82.00 Mn |
| Jun 30, 2025 | 86.00 Mn |
| Mar 31, 2025 | 80.00 Mn |
| Dec 31, 2024 | 83.00 Mn |
| Sep 30, 2024 | 86.00 Mn |
| Jun 30, 2024 | 89.00 Mn |
| Mar 31, 2024 | 92.00 Mn |
| Dec 31, 2023 | 95.00 Mn |
| Sep 30, 2023 | 119.00 Mn |
| Jun 30, 2023 | 126.00 Mn |
| Mar 31, 2023 | 133.00 Mn |
| Dec 31, 2022 | 139.00 Mn |
| Sep 30, 2022 | 141.00 Mn |
| Jun 30, 2022 | 150.00 Mn |
| Mar 31, 2022 | 156.00 Mn |
| Dec 31, 2021 | 148.00 Mn |
| Sep 30, 2021 | 174.43 Mn |
API Access
Zillow Operating Leases 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-leases&ticker=ZG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=ZG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();