Company / R&D Expense
ZILLOW GROUP, INC. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$607.0M
FY2025
5-year range
$421.0M / $607.0M
FY2021-FY2025
Trend
+3.8%
vs FY2024
Sector context
#20 of 167
Industrials
What the data says
ZILLOW GROUP, INC.'s r&d expense of $607M is higher than 88% of companies in the Industrials sector (FY2025). R&D Expense has increased for 5 consecutive years, from $324M in FY2020 to $607M in FY2025.
Based on SEC 10-K filings.
$607M in FY2025 with a 5-year CAGR of +13.4%. Top quartile in the Industrials sector.
Improved from $560M to $607M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +6.8%
- 5-Year CAGR
- +13.4%
- 10-Year CAGR
- -
Sector benchmark
Top 12% in IndustrialsTop 12% of 167This company $607.0M Sector average $283.8M
▼
+113.9% above sector average
Key checks
Key Insights
- ZILLOW GROUP, INC.'s r&d expense has grown for 5 consecutive years.
- 5-year CAGR of +13.4%, indicating consistent growth.
- In FY2025, r&d expense increased 3.8% year-over-year.
- Ranks #20 out of 167 companies in the Industrials sector.
Company context
Key Data Points
- Negative profit margin: -5.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $607.0M | +3.8% |
| FY2024 | $585.0M | +4.5% |
| FY2023 | $560.0M | +12.4% |
| FY2022 | $498.0M | +18.3% |
| FY2021 | $421.0M | +29.9% |
| FY2020 | $324.0M | -7.7% |
| FY2019 | $350.9M | -14.6% |
| FY2018 | $410.8M | +28.4% |
| FY2017 | $320.0M | +25.2% |
| FY2016 | $255.6M | +38.5% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026