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 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 207.25 Mn
6 Pinterest 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
DateValue
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