Zillow Group annual operating expenses
2013
2014
2015
2016
2017
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2020
2021
2022
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2024
2025
Zillow Group Operating Expenses Growth & History (ZG)
Zillow Group's operating expenses was $1.95B for fiscal 2025.
View full Zillow Group company overviewZillow Group annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.95B | $43.0M | +2.26% |
| 2024 | 2024-12-31 | $1.91B | $112.0M | +6.24% |
| 2023 | 2023-12-31 | $1.79B | $110.0M | +6.53% |
| 2022 | 2022-12-31 | $1.68B | $114.0M | +7.26% |
| 2021 | 2021-12-31 | $1.57B | $55.2M | +3.64% |
| 2020 | 2020-12-31 | $1.51B | −$1.48B | −49.34% |
| 2019 | 2019-12-31 | $2.99B | $1.53B | +104.46% |
| 2018 | 2018-12-31 | $1.46B | $223.9M | +18.07% |
| 2017 | 2017-12-31 | $1.24B | $199.2M | +19.17% |
| 2016 | 2016-12-31 | $1.04B | $245.2M | +30.88% |
| 2015 | 2015-12-31 | $794.2M | $423.6M | +114.31% |
| 2014 | 2014-12-31 | $370.6M | $156.1M | +72.77% |
| 2013 | 2013-12-31 | $214.5M | — | — |
Zillow Group quarterly operating expenses
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $572.0M | $72.0M | +14.40% |
| Q1 2026 | 2026-03-31 | $483.0M | $15.0M | +3.21% |
| Q4 2025 | 2025-12-31 | $487.0M | −$2.0M | −0.41% |
| Q3 2025 | 2025-09-30 | $494.0M | $8.0M | +1.65% |
| Q2 2025 | 2025-06-30 | $500.0M | $20.0M | +4.17% |
| Q1 2025 | 2025-03-31 | $468.0M | $17.0M | +3.77% |
| Q4 2024 | 2024-12-31 | $489.0M | $25.0M | +5.39% |
| Q3 2024 | 2024-09-30 | $486.0M | $47.0M | +10.71% |
| Q2 2024 | 2024-06-30 | $480.0M | $11.0M | +2.35% |
| Q1 2024 | 2024-03-31 | $451.0M | $29.0M | +6.87% |
| Q4 2023 | 2023-12-31 | $464.0M | $35.0M | +8.16% |
| Q3 2023 | 2023-09-30 | $439.0M | −$6.0M | −1.35% |
| Q2 2023 | 2023-06-30 | $469.0M | $67.0M | +16.67% |
| Q1 2023 | 2023-03-31 | $422.0M | $14.0M | +3.43% |
| Q4 2022 | 2022-12-31 | $429.0M | $167.0M | +63.74% |
| Q3 2022 | 2022-09-30 | $445.0M | $32.0M | +7.75% |
| Q2 2022 | 2022-06-30 | $402.0M | −$74.0M | −15.55% |
| Q1 2022 | 2022-03-31 | $408.0M | −$722.8M | −63.92% |
| Q4 2021 | 2021-12-31 | $262.0M | $190.7M | +267.34% |
| Q3 2021 | 2021-09-30 | $413.0M | −$167.2M | −28.82% |
| Q2 2021 | 2021-06-30 | $476.0M | −$355.0M | −42.72% |
| Q1 2021 | 2021-03-31 | $1.13B | −$139.5M | −10.98% |
| Q4 2020 | 2020-12-31 | $71.3M | −$946.4M | −92.99% |
| Q3 2020 | 2020-09-30 | $580.2M | −$213.4M | −26.89% |
| Q2 2020 | 2020-06-30 | $831.0M | $168.9M | +25.51% |
| Q1 2020 | 2020-03-31 | $1.27B | $753.5M | +145.79% |
| Q4 2019 | 2019-12-31 | $1.02B | $554.7M | +119.78% |
| Q3 2019 | 2019-09-30 | $793.7M | $440.3M | +124.58% |
| Q2 2019 | 2019-06-30 | $662.1M | $327.3M | +97.74% |
| Q1 2019 | 2019-03-31 | $516.8M | $205.6M | +66.05% |
| Q4 2018 | 2018-12-31 | $463.1M | $19.5M | +4.40% |
| Q3 2018 | 2018-09-30 | $353.4M | $86.3M | +32.31% |
| Q2 2018 | 2018-06-30 | $334.8M | $51.4M | +18.15% |
| Q1 2018 | 2018-03-31 | $311.2M | $66.6M | +27.24% |
| Q4 2017 | 2017-12-31 | $443.6M | $218.7M | +97.22% |
| Q3 2017 | 2017-09-30 | $267.1M | $50.3M | +23.23% |
| Q2 2017 | 2017-06-30 | $283.4M | −$80.3M | −22.08% |
| Q1 2017 | 2017-03-31 | $244.6M | $10.6M | +4.51% |
| Q4 2016 | 2016-12-31 | $224.9M | $29.2M | +14.92% |
| Q3 2016 | 2016-09-30 | $216.8M | $12.3M | +6.02% |
| Q2 2016 | 2016-06-30 | $363.7M | $154.9M | +74.15% |
| Q1 2016 | 2016-03-31 | $234.1M | $48.9M | +26.38% |
| Q4 2015 | 2015-12-31 | $195.7M | $92.2M | +89.01% |
| Q3 2015 | 2015-09-30 | $204.4M | $99.6M | +94.92% |
| Q2 2015 | 2015-06-30 | $208.9M | $119.4M | +133.53% |
| Q1 2015 | 2015-03-31 | $185.2M | $112.5M | +154.67% |
| Q4 2014 | 2014-12-31 | $103.5M | — | — |
| Q3 2014 | 2014-09-30 | $104.9M | — | — |
| Q2 2014 | 2014-06-30 | $89.4M | — | — |
| Q1 2014 | 2014-03-31 | $72.7M | — | — |
Zillow Group operating expenses trends
Over the last five fiscal years, Zillow Group's operating expenses increased from $1.51B to $1.95B, a change of $434.2M. The latest reported quarter, Q2 2026, shows $572.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zillow Group source filings ↗