What is Zillow Group, Inc.'s R&D?

Zillow Group, Inc. (ZG) reported R&D of $150M in Q1 2026.

How has Zillow Group, Inc.'s R&D changed year-over-year?

Zillow Group, Inc.'s R&D increased by 0.7% year-over-year, from $149M to $150M.

What is the long-term trend for Zillow Group, Inc.'s R&D?

Over 4 years (2021 to 2025), Zillow Group, Inc.'s R&D has grown at a 7.6% compound annual growth rate (CAGR), from $452M to $607M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Zillow Group, Inc. ZG R&D

R&D at other companies

Zoom Video Communications, Inc.ZM

$227.93M+11.0%

SoFi Technologies, Inc.SOFI

$187.68M+20.1%

Other financials

Income statement

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Revenue$708.0M+18.4%

Gross profit$519.0M+13.1%

Operating income$36.0M+500%

Net income$46.0M+475%

EPS (diluted)$0.19+533%

Balance sheet

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Cash & equivalents$683.0M-25.6%

Total debt$94.0M-91.5%

Total equity$4.4B-7.3%

Total assets$5.2B-9.0%

Cash flow

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Operating cash flow$200.0M+92.3%

CapEx$34.0M-5.6%

Free cash flow$166.0M+144%

Valuation

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Market cap$7.43B-38.8%

Enterprise value$6.84B-43.1%

P/E121.9×—

P/S2.8×-2.5×

Profitability

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Gross margin73.3%-3.1pp

Operating margin0.4%+0.2pp

Net margin2.3%+1.4pp

FCF margin12.4%-1.2pp

Returns & leverage

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Return on equity1.3%+0.9pp

Debt / equity0×-0.2×

Current ratio2.3×-0.2×

Where this comes from

Reported directly by Zillow Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Zillow Group, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zillow Group, Inc.'s R&D?: Zillow Group, Inc. (ZG) reported R&D of $150M in Q1 2026.
How has Zillow Group, Inc.'s R&D changed year-over-year?: Zillow Group, Inc.'s R&D increased by 0.7% year-over-year, from $149M to $150M.
What is the long-term trend for Zillow Group, Inc.'s R&D?: Over 4 years (2021 to 2025), Zillow Group, Inc.'s R&D has grown at a 7.6% compound annual growth rate (CAGR), from $452M to $607M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.