Zillow Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	55	23	-112	-158	-101	-528
Depreciation & Amortization	294	293	269	243	210	195
Stock-Based Compensation	363	390	448	451	451	312
Other Adjustments	-13	-1	-2	-17	53	598
Change in Receivables	-24	-45	-8	-24	82	-82
Changes in Inventories	-	-	-	-	3,904	-3,827
Changes in Accounts Payable	16	6	2	6	3	5
Changes in Accrued Expenses	99	36	10	-19	-131	74
Changes in Unearned Revenue	-5	7	8	1	-7	1
Changes in Other Operating Activities	-405	-341	-187	-129	40	75
Operating Cash Flow	388	368	428	354	4,504	-3,177
Operating Cash Flow Growth	-19.84%	-14.02%	20.90%	-92.14%	-	-
Capital Expenditures	-130	-133	-143	-135	-115	-74
Purchases of Intangible Assets	-38	-134	-28	-30	-25	-31
Purchases of Investments	-177	-211	-706	-664	-2,191	-516
Proceeds from Sale of Investments	639	472	1,279	1,287	802	2,206
Cash Acquisitions	-	-	-7	-433	-4	-497
Investing Cash Flow	294	-6	395	25	-1,533	1,088
Short-Term Debt Issued	235	219	52	56	-76	3,421
Short-Term Debt Repaid	-	-	-	-	-2,206	-1,780
Net Short-Term Debt Issued (Repaid)	235	219	52	56	-2,282	1,641
Long-Term Debt Issued	-	-	-	-	-	1,138
Long-Term Debt Repaid	-	-419	-1,196	-56	-1,158	-1
Net Long-Term Debt Issued (Repaid)	-	-419	-1,196	-56	-1,158	1,137
Issuance of Common Stock	156	188	212	72	46	672
Repurchase of Common Stock	-1,096	-670	-301	-424	-947	-302
Net Common Stock Issued (Repurchased)	-940	-482	-89	-352	-901	370
Other Financing Activities	-29	8	-	-	-	-
Financing Cash Flow	-696	-674	-1,233	-352	-4,341	3,148
Net Cash Flow	-14	-312	-410	27	-1,370	1,059
Free Cash Flow	258	235	285	219	4,389	-3,251
Free Cash Flow Growth	-25.00%	-17.54%	30.14%	-95.01%	-	-
FCF Margin	9.18%	9.10%	12.75%	11.26%	224.16%	-152.49%
Free Cash Flow Per Share	1.06	0.92	1.22	0.94	18.12	-12.42
Levered Free Cash Flow	159	-309	-1,297	-191	363	-1,301
Unlevered Free Cash Flow	-116.77	-168.72	-228.79	-295.99	3,814	-3,314

SEC Filings: 10-K · 10-Q