tiprankstipranks
Zillow Group Class C (Z)
NASDAQ:Z
US Market
Want to see Z full AI Analyst Report?

Zillow Group Class C (Z) Operating Expense Breakdown

3,035 Followers

Operating Expense Breakdown

Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.
Sales & Marketing is now the dominant, growing and intentionally variable cost—management has stepped up advertising and variable investments to fuel rentals and mortgage momentum, which explains the notable lift in 2024–26; Technology & Development is steadily rising to support AI/product rollouts, while G&A and one‑time impairments/restructuring have largely normalized. Expect near‑term EBITDA pressure from higher ad spend and incremental legal costs, but management expects these investments to drive mid‑teens revenue growth and margin expansion in H2.
Date
Sales and Marketing
General and Administrative
Technology and Development
Impairments
Restructuring
Acquisition Costs
Integrations
Jun 30, 2026
$249.00M$131.00M$156.00M$0.00$36.00M$0.00$0.00
Mar 31, 2026
$210.00M$123.00M$150.00M$0.00$0.00$0.00$0.00
Dec 31, 2025
$205.00M$128.00M$154.00M$0.00$0.00$0.00$0.00
Sep 30, 2025
$214.00M$127.00M$151.00M$2.00M$0.00$0.00$0.00
Jun 30, 2025
$226.00M$121.00M$153.00M$0.00$0.00$0.00$0.00
Mar 31, 2025
$198.00M$121.00M$149.00M$0.00$0.00$0.00$0.00
Dec 31, 2024
$202.00M$138.00M$149.00M$0.00$0.00$0.00$0.00
Sep 30, 2024
$217.00M$123.00M$145.00M$0.00$0.00$0.00$0.00
Jun 30, 2024
$205.00M$131.00M$144.00M$0.00$0.00$0.00$0.00
Mar 31, 2024
$166.00M$132.00M$147.00M$600.00K$0.00$0.00$0.00