Zillow Group, Inc. (ZG)

NASDAQ: ZG · Real-Time Price · USD

34.05

-0.27 (-0.79%)

At close: Jul 30, 2026, 4:00 PM EDT

33.68

-0.37 (-1.09%)

After-hours: Jul 30, 2026, 7:34 PM EDT

Zillow Group Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Revenue	2,693	2,583	2,236	1,945	1,958	2,132
Revenue Growth	16.83%	15.52%	14.96%	-0.66%	-8.16%	31.28%
Gross Profit	1,975	1,915	1,709	1,524	1,591	1,809
Operating Income	13	-32	-190	-247	-69	259
Net Income	61	23	-112	-158	-101	-528
Earnings Per Share	0.24	0.09	-0.48	-0.68	-0.42	-2.02
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Residential	1,737	1,704	1,594	1,452	1,522	1,572
Mortgages Segment	222	199	145	96	119	246
Rentals	684	630	453	357	274	264
Other Service	50	50	44	40	43	50
Revenue (Total)	2,693	2,583	2,236	1,945	1,958	2,132

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Cash & Investments	795	1,303	1,862	2,813	3,362	2,829
Total Debt	429	457	660	1,832	1,867	1,604
Net Cash (Debt)	366	846	1,202	981	1,495	1,225
Net Cash Growth	-60.35%	-29.62%	22.53%	-34.38%	22.04%	-12.59%
Net Cash Per Share	1.46	3.33	5.14	4.20	6.17	4.68

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Operating Cash Flow	464	368	428	354	4,504	-3,177
Capital Expenditures	-131	-133	-143	-135	-115	-74
Free Cash Flow	333	235	285	219	4,389	-3,251
Free Cash Flow Growth	6.73%	-17.54%	30.14%	-95.01%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Gross Margin	73.34%	74.14%	76.43%	78.35%	81.26%	84.85%
Operating Margin	0.48%	-1.24%	-8.50%	-12.70%	-3.52%	12.15%
Pretax Margin	2.41%	0.97%	-4.79%	-7.92%	-4.34%	4.74%
Profit Margin	2.27%	0.89%	-5.01%	-8.12%	-5.16%	-24.77%
FCF Margin	12.37%	9.10%	12.75%	11.26%	224.16%	-152.49%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 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
PE Ratio	140.19	717.97	-	-	-	-
Forward PE	13.64	32.61	40.15	44.03	33.88	166.63
P/FCF Ratio	23.40	70.27	60.01	61.40	1.73	-
PS Ratio	2.89	6.39	7.65	6.91	3.88	7.58