ZILLOW GROUP, INC.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
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Intangible Assets, Net
Note 5. Intangible Assets, Net
The following tables present the detail of intangible assets, net as of the dates presented (in millions):
| June 30, 2026 | |||
|---|---|---|---|
| Cost | Accumulated Amortization | Net | |
| Customer relationships | $194 | $(64) | $130 |
| Software | 150 | (58) | 92 |
| Developed technology | 59 | (39) | 20 |
| Trade names and trademarks | 47 | (32) | 15 |
| Purchased content | 23 | (17) | 6 |
| Total | $473 | $(210) | $263 |
| December 31, 2025 | |||
|---|---|---|---|
| Cost | Accumulated Amortization | Net | |
| Customer relationships | $194 | $(52) | $142 |
| Software | 140 | (53) | 87 |
| Developed technology | 59 | (32) | 27 |
| Trade names and trademarks | 47 | (30) | 17 |
| Purchased content | 24 | (18) | 6 |
| Total | $464 | $(185) | $279 |
Amortization expense recorded for intangible assets was $21 million and $22 million for the three months ended June 30, 2026 and 2025, respectively, and $42 million for both the six months ended June 30, 2026 and 2025. We didnot record any impairment costs related to intangible assets for the three or six months ended June 30, 2026 or 2025.
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