Zillow Group Income 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	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 Revenue	2,643	2,533	2,192	1,905	1,915	2,132
Other Revenue	50	50	44	40	43	-
Revenue	2,693	2,583	2,236	1,945	1,958	2,132
Revenue Growth (YoY)	16.83%	15.52%	14.96%	-0.66%	-8.16%	31.28%
Cost of Revenue	718	668	527	421	367	323
Gross Profit	1,975	1,915	1,709	1,524	1,591	1,809
Selling, General & Admin	1,354	1,340	1,314	1,211	1,162	1,129
Research & Development	608	607	585	560	498	421
Operating Expenses	1,962	1,947	1,899	1,771	1,660	1,550
Operating Income	13	-32	-190	-247	-69	259
Interest Expense	-17	-18	-36	-36	-35	-128
Interest & Investment Income	71	77	127	151	-	-
Other Non Operating Income (Expenses)	-	-	-	-	43	7
EBT Excluding Unusual Items	67	27	-99	-132	-61	138
Merger & Restructuring Charges	-	-	-1	-7	-24	-10
Asset Writedown	-2	-2	-6	-16	-	-10
Other Unusual Items	-	-	-1	1	-	-17
Pretax Income	65	25	-107	-154	-85	101
Income Tax Expense	4	2	5	4	3	-1
Earnings From Continuing Operations	61	23	-112	-158	-88	102
Earnings From Discontinued Operations	-	-	-	-	-13	-630
Net Income	61	23	-112	-158	-101	-528
Net Income to Common	61	23	-112	-158	-101	-528
Shares Outstanding (Basic)	240	242	234	234	242	250
Shares Outstanding (Diluted)	250	254	234	234	242	262
Shares Change (YoY)	5.94%	8.56%	0.21%	-3.55%	-7.51%	13.13%
EPS (Basic)	0.25	0.10	-0.48	-0.68	-0.42	-2.11
EPS (Diluted)	0.24	0.09	-0.48	-0.68	-0.42	-2.02
Free Cash Flow	333	235	285	219	4,389	-3,251
Free Cash Flow Per Share	1.33	0.93	1.22	0.94	18.12	-12.42
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%
Profit Margin	2.27%	0.89%	-5.01%	-8.12%	-5.16%	-24.77%
Free Cash Flow Margin	12.37%	9.10%	12.75%	11.26%	224.16%	-152.49%
EBITDA	113	69	-98	-170	21	353
EBITDA Margin	4.20%	2.67%	-4.38%	-8.74%	1.07%	16.56%
D&A For EBITDA	100	101	92	77	90	94
EBIT	13	-32	-190	-247	-69	259
EBIT Margin	0.48%	-1.24%	-8.50%	-12.70%	-3.52%	12.15%
Effective Tax Rate	6.15%	8.00%	-	-	-	-
Revenue as Reported	2,693	2,583	2,236	1,945	1,958	-
Advertising Expenses	-	-	-	-	144	206

SEC Filings: 10-K · 10-Q