Z (Zillow Group) Research & Development: $608 Mil (TTM As of Mar. 2026)


Z Zillow Group Inc Z
64 GF Score
Price $30.54
GF Value $74.18
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Zillow Group Research & Development?

Zillow Group Z +0.10% 64 Research & Development is $608 Mil as of Mar. 2026. GuruFocus rates Z with a GF Score™ of 64/100 and a GF Value™ of $74.18 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Zillow Group's Research & Development for the three months ended in Mar. 2026 was $150 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $608 Mil.

Zillow Group  (NAS:Z) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Zillow Group Research & Development Related Terms

Zillow Group Research & Development Historical Data

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The historical data trend for Zillow Group's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zillow Group Research & Development Chart

Zillow Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 421.00 498.00 560.00 585.00 607.00

Zillow Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 149.00 153.00 151.00 154.00 150.00
Z
64GF Score
Zillow Group Inc Z
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Zillow Group Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $608 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $608 Mil mean?
Zillow Group (Z) has a Research & Development of $608 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Zillow Group and its competitors.
Is Zillow Group's Research & Development too high?
Zillow Group's current Research & Development is $608 Mil. Overall, Zillow Group has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zillow Group's Research & Development compare to MTCH and BILI?
Zillow Group's Research & Development of $608 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Interactive Media company?
A good Research & Development depends on the Interactive Media industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Zillow Group and its competitors. Zillow Group's current Research & Development is $608 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zillow Group stock overvalued right now?
Based on GuruFocus' analysis, Zillow Group (Z) is currently considered Significantly Undervalued. The stock's GF Value™ is $74.18, compared to a current price of $30.54 — trading 58.8% below its estimated fair value. The current Research & Development is $608 Mil. Zillow Group's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Zillow Group (Z), the current Research & Development is $608 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zillow Group (Z) Overvalued in 2026?

Based on GuruFocus' analysis, Zillow Group stock appears to be undervalued. The current stock price of $30.54 is trading 58.8% below its estimated GF Value™ of $74.18. GuruFocus considers Zillow Group to be Significantly Undervalued.

Key valuation signals for Z:

  • Research & Development: $608 Mil
  • GF Value™: $74.18 vs. price of $30.54 (58.8% below fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zillow Group Business Description

Address 1301 Second Avenue, Floor 36, Seattle, WA, USA, 98101
Zillow Group Inc is a real estate technology company offering a digital platform that connects real estate customers with sellers, agents, loan officers, and other real estate-related professionals. With its tools and resources, Zillow helps real estate professionals grow their businesses, and for renters and housing providers, it offers a marketplace along with a set of end-to-end products and services to streamline applications, leases, payments, and more. The group operates various brands such as Zillow, Zillow Home Loans, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop, and Zillow Closing. Its ecosystem spans the entire home journey from shopping to renting, buying, selling, and financing real estate.
64GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.54
Price
$74.18
GF Value