Quick Answer
ZILLOW GROUP, INC. reported R&D Expense of $607.00 million for fiscal year 2025.
ZILLOW GROUP, INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $607.00M | +3.8% |
| 2024 | $585.00M | +4.5% |
| 2023 | $560.00M | +12.4% |
| 2022 | $498.00M | +18.3% |
| 2021 | $421.00M | +29.9% |
| 2020 | $324.00M | -7.7% |
| 2019 | $350.92M | -14.6% |
| 2018 | $410.82M | +28.4% |
| 2017 | $319.99M | +25.2% |
| 2016 | $255.58M | +38.5% |
| 2015 | $184.48M | +117.9% |
| 2014 | $84.67M | +74.6% |
| 2013 | $48.50M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $151.00M | +4.1% | -1.3% |
| June 30, 2025 | $153.00M | +6.2% | +2.7% |
| March 31, 2025 | $149.00M | +1.4% | +2.8% |
| September 30, 2024 | $145.00M | +2.1% | +0.7% |
| June 30, 2024 | $144.00M | +2.9% | -2.0% |
| March 31, 2024 | $147.00M | +7.3% | +3.5% |
| September 30, 2023 | $142.00M | +0.0% | +1.4% |
| June 30, 2023 | $140.00M | +17.6% | +2.2% |
- ZILLOW GROUP, INC. showed an increase of +3.8% in R&D Expense compared to the prior fiscal year.
- Over the 2013–2025 period, ZILLOW GROUP, INC.’s r&d expense has grown by 1151.6% (from $48.50 million to $607.00 million).
- The most recent figure is from ZILLOW GROUP, INC.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 11, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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