Zillow (ZG) Research & Development (2014 - 2026)
Zillow (ZG) reported Research & Development of $150.0 million for Q1 2026, up 0.67% year-over-year from $149.0 million in Q1 2025, and down 2.6% quarter-over-quarter from $154.0 million in Q4 2025.
Zillow (ZG) Research & Development (2014 - 2026) Analysis & Trends
Zillow (ZG) has 13 years of Research & Development data on file, last reported at $150.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $150.0 million, up 0.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $608.0 million (up 3.58% YoY), and the FY2025 annual result was $607.0 million, up 3.76% from the prior year.
- Research & Development declined to $150.0 million in Q1 2026 per ZG's latest filing, from $154.0 million in the prior quarter.
- Over five years, Research & Development peaked at $154.0 million in Q4 2025 and troughed at $108.0 million in Q1 2022.
- A 5-year average of $141.2 million and a median of $144.0 million in 2024 frame the typical range for Research & Development.
- On a YoY basis, Research & Development climbed as much as 40.59% in 2022 and fell as far as 10.0% in 2022.
- A 5-year view of Research & Development shows it stood at $129.0 million in 2022, then rose by 9.3% to $141.0 million in 2023, then climbed by 5.67% to $149.0 million in 2024, then grew by 3.36% to $154.0 million in 2025, then decreased by 2.6% to $150.0 million in 2026.
- Business Quant data shows ZG's Research & Development at $150.0 million in Q1 2026, $154.0 million in Q4 2025, and $151.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 67.40 Mn |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 17.03 Bn |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 17.70 Bn |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 387.52 Mn |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 207.25 Mn | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 380.79 Mn | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | -61.44 Bn |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 478.30 Mn |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 150.00 Mn |
| 10 | Zillow | - | - | 519.00 Mn | 150.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 150.00 Mn |
| Dec 31, 2025 | 154.00 Mn |
| Sep 30, 2025 | 151.00 Mn |
| Jun 30, 2025 | 153.00 Mn |
| Mar 31, 2025 | 149.00 Mn |
| Dec 31, 2024 | 149.00 Mn |
| Sep 30, 2024 | 145.00 Mn |
| Jun 30, 2024 | 144.00 Mn |
| Mar 31, 2024 | 147.00 Mn |
| Dec 31, 2023 | 141.00 Mn |
| Sep 30, 2023 | 142.00 Mn |
| Jun 30, 2023 | 140.00 Mn |
| Mar 31, 2023 | 137.00 Mn |
| Dec 31, 2022 | 129.00 Mn |
| Sep 30, 2022 | 142.00 Mn |
| Jun 30, 2022 | 119.00 Mn |
| Mar 31, 2022 | 108.00 Mn |
| Dec 31, 2021 | 102.00 Mn |
| Sep 30, 2021 | 101.00 Mn |
| Jun 30, 2021 | 129.00 Mn |