Zillow Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2013 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2013 - 2019
Property Revenue	2,388	2,192	1,905	1,915	2,132	1,624	Upgrade
Service and Other Revenue	-	44	40	43	-	-	Upgrade
Revenue	2,388	2,236	1,945	1,958	2,132	1,624	Upgrade
Revenue Growth (YoY)	15.31%	14.96%	-0.66%	-8.16%	31.28%	-40.79%	Upgrade
Property Expenses	579	527	421	367	323	255	Upgrade
Total Property Expenses	579	527	421	367	323	255	Upgrade
Gross Profit	1,809	1,709	1,524	1,591	1,809	1,369	Upgrade
Selling, General & Admin	1,942	1,899	1,771	1,660	1,550	1,183	Upgrade
Other Operating Expenses	-	7	23	24	20	77	Upgrade
Operating Income	-133	-197	-270	-93	239	109	Upgrade
Interest Expense	-27	-36	-36	-35	-128	-138	Upgrade
Other Non-Operating Income (Expense)	100	126	152	43	-10	26	Upgrade
Total Non-Operating Income (Expense)	73	90	116	8	-138	-112	Upgrade
Pretax Income	-61	-107	-154	-85	101	-3	Upgrade
Provision for Income Taxes	1	5	4	3	-1	-8	Upgrade
Net Income	-62	-112	-158	-101	-528	-162	Upgrade
Earnings From Discontinued Operations	-	-	-	-13	-630	-167	Upgrade
Net Income to Common	-62	-112	-158	-101	-528	-162	Upgrade
Shares Outstanding (Basic)	238	234	234	242	250	224	Upgrade
Shares Outstanding (Diluted)	244	234	234	242	262	231	Upgrade
Shares Change (YoY)	5.05%	0.21%	-3.55%	-7.51%	13.13%	12.14%	Upgrade
EPS (Basic)	-0.26	-0.48	-0.68	-0.42	-2.11	0.02	Upgrade
EPS (Diluted)	-0.26	-0.48	-0.68	-0.42	-2.02	0.02	Upgrade
Free Cash Flow	344	285	219	4,389	-3,251	338	Upgrade
Free Cash Flow Growth	20.70%	30.14%	-95.01%	-	-	-	Upgrade
Free Cash Flow Per Share	1.41	1.22	0.94	18.12	-12.42	1.46	Upgrade
Gross Margin	75.75%	76.43%	78.35%	81.26%	84.85%	84.30%	Upgrade
Operating Margin	-5.57%	-8.81%	-13.88%	-4.75%	11.21%	6.71%	Upgrade
Profit Margin	-2.60%	-5.01%	-8.12%	-4.49%	4.78%	0.31%	Upgrade
FCF Margin	14.41%	12.75%	11.26%	224.16%	-152.49%	20.81%	Upgrade
EBITDA	132	53	-48	87	392	244	Upgrade
EBITDA Margin	5.53%	2.37%	-2.47%	4.44%	18.39%	15.02%	Upgrade
EBIT	-133	-197	-270	-93	239	109	Upgrade
EBIT Margin	-5.57%	-8.81%	-13.88%	-4.75%	11.21%	6.71%	Upgrade
Effective Tax Rate	-1.64%	-4.67%	-2.60%	-3.53%	-0.99%	266.67%	Upgrade

Updated Jun 30, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.