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Zillow (ZG) Research & Development (2016 - 2026)

Zillow has reported Research & Development over the past 12 years, most recently at $154.0 million for Q4 2025.

  • Quarterly Research & Development rose 3.36% to $154.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $607.0 million through Dec 2025, up 3.76% year-over-year, with the annual reading at $607.0 million for FY2025, 3.76% up from the prior year.
  • Research & Development was $154.0 million for Q4 2025 at Zillow, up from $151.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $154.0 million in Q4 2025 and troughed at $101.0 million in Q3 2021.
  • The 5-year median for Research & Development is $141.5 million (2022), against an average of $135.1 million.
  • The largest YoY upside for Research & Development was 226.53% in 2021 against a maximum downside of 11.06% in 2021.
  • A 5-year view of Research & Development shows it stood at $102.0 million in 2021, then increased by 26.47% to $129.0 million in 2022, then rose by 9.3% to $141.0 million in 2023, then rose by 5.67% to $149.0 million in 2024, then grew by 3.36% to $154.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZG's Research & Development are $154.0 million (Q4 2025), $151.0 million (Q3 2025), and $153.0 million (Q2 2025).