ZILLOW GROUP, INC.
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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Jun 30, 2026 · Filed Aug 5, 2026
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Property and Equipment, Net
Note 4. Property and Equipment, Net
The following table presents the detail of property and equipment, net as of the dates presented (in millions):
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Website development costs | $590 | $596 |
| Leasehold improvements | 33 | 32 |
| Computer equipment | 17 | 17 |
| Office equipment, furniture and fixtures | 9 | 9 |
| Property and equipment | 649 | 654 |
| Less: accumulated amortization and depreciation | (293) | (304) |
| Property and equipment, net | $356 | $350 |
We recorded depreciation expense related to property and equipment (other than website development costs) of $3 million for both the three months ended June 30, 2026 and 2025 and $5 million and $7 million for the six months ended June 30, 2026 and 2025, respectively.
We capitalized website development costs of $46 million and $51 million for the three months ended June 30, 2026 and 2025, respectively, and $90 million and $99 million for the six months ended June 30, 2026 and 2025, respectively. Amortization expense for website development costs included in cost of revenue was $41 million and $42 million for the three months ended June 30, 2026 and 2025, respectively, and $83 million for both the six months ended June 30, 2026 and 2025.
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