ZILLOW GROUP, INC. (Z) Spending and interest coverage
- R&D / revenue · 12 months: Value 21.74%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 12.92%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 21.74% | Research and development expense / revenue. Period ending 2026-06-30. $611.00M ÷ $2.81B × 100 ≈ 21.74% |
| Stock-based compensation / revenue · 12 months | 12.92% | Share-based compensation / revenue. Period ending 2026-06-30. $363.00M ÷ $2.81B × 100 ≈ 12.92% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 611.00M USD | Research and Development Expense |
| Revenue | 2.81B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 363.00M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 12.00M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $611.00M | $2.81B | $363.00M | $12.00M | (m) | 21.74% | 12.92% | (m) | (m) |
| 2026-03-31 | $608.00M | $2.69B | $374.00M | $11.00M | (m) | 22.58% | 13.89% | (m) | (m) |
| 2025-12-31 | $607.00M | $2.58B | $390.00M | $-34.00M | (m) | 23.50% | 15.10% | (m) | (m) |
| 2025-09-30 | $602.00M | $2.48B | $414.00M | $-92.00M | (m) | 24.24% | 16.67% | (m) | (m) |
| 2025-06-30 | $596.00M | $2.39B | $423.00M | $-134.00M | (m) | 24.96% | 17.71% | (m) | (m) |
| 2025-03-31 | $587.00M | $2.31B | $437.00M | $-161.00M | (m) | 25.47% | 18.96% | (m) | (m) |
| 2024-12-31 | $585.00M | $2.24B | $448.00M | $-197.00M | (m) | 26.16% | 20.04% | (m) | (m) |
| 2024-09-30 | $577.00M | $2.16B | $438.00M | $-233.00M | (m) | 26.76% | 20.32% | (m) | (m) |
| 2024-06-30 | $574.00M | $2.07B | $439.00M | $-241.00M | (m) | 27.72% | 21.20% | (m) | (m) |
| 2024-03-31 | $570.00M | $2.00B | $456.00M | $-270.00M | (m) | 28.43% | 22.74% | (m) | (m) |
| 2023-12-31 | $560.00M | $1.95B | $451.00M | $-270.00M | (m) | 28.79% | 23.19% | (m) | (m) |
| 2023-09-30 | $548.00M | $1.91B | $452.00M | $-248.00M | (m) | 28.75% | 23.71% | (m) | (m) |
| 2023-06-30 | $548.00M | $1.89B | $491.00M | $-246.00M | (m) | 28.95% | 25.94% | (m) | (m) |
| 2023-03-31 | $527.00M | $1.89B | $463.00M | $-174.00M | (m) | 27.87% | 24.48% | (m) | (m) |
| 2022-12-31 | $498.00M | $1.96B | $451.00M | $-93.00M | (m) | 25.43% | 23.03% | (m) | (m) |
| 2022-09-30 | $524.40M | $8.07B | $421.69M | $-544.67M | (m) | 6.50% | 5.22% | (m) | (m) |
| 2022-06-30 | $458.40M | $10.89B | $352.69M | $-402.67M | (m) | 4.21% | 3.24% | (m) | (m) |
| 2022-03-31 | $468.40M | $11.19B | $338.69M | $-358.67M | (m) | 4.19% | 3.03% | (m) | (m) |
| 2021-12-31 | $474.40M | $8.15B | $311.69M | $-327.67M | (m) | 5.82% | 3.83% | (m) | (m) |
| 2021-09-30 | $585.57M | $5.05B | $283.92M | $-42.96M | (m) | 11.59% | 5.62% | (m) | (m) |
| 2021-06-30 | $568.85M | $3.97B | $253.47M | $315.12M | (m) | 14.31% | 6.38% | (m) | (m) |
| 2021-03-31 | $532.01M | $3.43B | $217.43M | $190.71M | (m) | 15.50% | 6.33% | (m) | (m) |
| 2020-12-31 | $518.07M | $3.34B | $197.55M | $-41.39M | (m) | 15.51% | 5.91% | (m) | (m) |
| 2020-09-30 | $516.35M | $3.49B | $192.12M | $-204.51M | (m) | 14.77% | 5.50% | (m) | (m) |
| 2020-06-30 | $513.02M | $3.58B | $185.29M | $-329.41M | (m) | 14.32% | 5.17% | (m) | (m) |
| 2020-03-31 | $504.50M | $3.41B | $176.57M | $-329.26M | (m) | 14.77% | 5.17% | (m) | (m) |
| 2019-12-31 | $477.35M | $2.74B | $198.90M | $-247.49M | (m) | 17.40% | 7.25% | (m) | (m) |
| 2019-09-30 | $463.27M | $2.16B | $189.60M | $-271.43M | (m) | 21.41% | 8.76% | (m) | (m) |
| 2019-06-30 | $444.61M | $1.76B | $189.16M | $-233.28M | (m) | 25.23% | 10.73% | (m) | (m) |
| 2019-03-31 | $424.65M | $1.49B | $184.47M | $-180.34M | (m) | 28.54% | 12.40% | (m) | (m) |
| 2018-12-31 | $410.82M | $1.33B | $149.08M | $-128.97M | (m) | 30.81% | 11.18% | (m) | (m) |
| 2018-09-30 | $384.81M | $1.25B | $140.78M | $-192.48M | (m) | 30.77% | 11.26% | (m) | (m) |
| 2018-06-30 | $362.88M | $1.19B | $127.67M | $-167.44M | (m) | 30.51% | 10.73% | (m) | (m) |
| 2018-03-31 | $341.05M | $1.13B | $117.92M | $-174.40M | (m) | 30.16% | 10.43% | (m) | (m) |
| 2017-12-31 | $319.99M | $1.08B | $113.57M | $-161.87M | (m) | 29.72% | 10.55% | (m) | (m) |
| 2017-09-30 | $319.60M | $1.02B | $109.93M | $2.06M | (m) | 31.27% | 10.76% | (m) | (m) |
| 2017-06-30 | $300.71M | $964.83M | $108.64M | $-4.84M | (m) | 31.17% | 11.26% | (m) | (m) |
| 2017-03-31 | $285.56M | $906.38M | $107.76M | $-143.61M | (m) | 31.51% | 11.89% | (m) | (m) |
| 2016-12-31 | $273.07M | $846.59M | $106.92M | $-192.85M | (m) | 32.25% | 12.63% | (m) | (m) |
| 2016-09-30 | $256.79M | $788.35M | $105.46M | $-221.91M | (m) | 32.57% | 13.38% | (m) | (m) |
| 2016-06-30 | $241.34M | $740.52M | $106.19M | $-257.42M | (m) | 32.59% | 14.34% | (m) | (m) |
| 2016-03-31 | $225.66M | $703.39M | $107.76M | $-139.69M | (m) | 32.08% | 15.32% | (m) | (m) |
| 2015-12-31 | $198.56M | $644.68M | $105.21M | $-149.53M | $5.49M | 30.80% | 16.32% | -27.24× | Reported |
| 2015-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $84.67M | $325.89M | $34.09M | $-44.70M | (m) | 25.98% | 10.46% | (m) | (m) |
| 2014-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | $48.50M | $197.54M | $23.44M | $-16.95M | (m) | 24.55% | 11.86% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.