Zillow (ZG) r&d spend was $607M in FY2025 (+4% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$607M
+4%
2024
$585M
+4%
2023
$560M
+12%
2022
$498M
+18%
2021
$421M
+30%
2020
$324M
-8%
2019
$351M
-15%
2018
$411M
+28%
2017
$320M
+25%
2016
$256M
+39%
2015
$184M
+118%
2014
$85M
+75%
2013
$48M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$156M
Q1 2026
$150M
Q4 2025
$154M
Q3 2025
$151M
Q2 2025
$153M
Q1 2025
$149M
Q4 2024
$149M
Q3 2024
$145M
Q2 2024
$144M
Q1 2024
$147M
Q4 2023
$141M
Q3 2023
$142M
Source: ZG on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.