Zillow Group, Inc. (ZG)
NASDAQ: ZG · Real-Time Price · USD
29.33
-1.95 (-6.23%)
Nov 10, 2026, 11:49 AM EST - Market open
Zillow Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -113 | 23 | -112 | -158 | -101 | -528 |
Depreciation & Amortization | 106 | 109 | 102 | 112 | 113 | 117 |
Other Amortization | 186 | 184 | 171 | 136 | 123 | 182 |
Asset Writedown & Restructuring Costs | 2 | 2 | 6 | 16 | - | 57 |
Loss (Gain) From Sale of Investments | -9 | -9 | -27 | -35 | -18 | 9 |
Stock-Based Compensation | 350 | 390 | 448 | 451 | 451 | 312 |
Other Operating Activities | 2 | 6 | 15 | -3 | 45 | 428 |
Change in Accounts Receivable | -24 | -45 | -8 | -24 | 82 | -82 |
Change in Inventory | - | - | - | - | 3,904 | -3,827 |
Change in Accounts Payable | 36 | 6 | 2 | 6 | 3 | 5 |
Change in Unearned Revenue | -16 | 7 | 8 | 1 | -7 | 1 |
Change in Other Net Operating Assets | -75 | -305 | -177 | -148 | -91 | 149 |
Operating Cash Flow | 445 | 368 | 428 | 354 | 4,504 | -3,177 |
Operating Cash Flow Growth | 6.46% | -14.02% | 20.90% | -92.14% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -132 | -133 | -143 | -135 | -115 | -74 |
Cash Acquisitions | - | - | -7 | -433 | -4 | -497 |
Sale (Purchase) of Intangibles | -39 | -134 | -28 | -30 | -25 | -31 |
Investment in Securities | 406 | 261 | 573 | 623 | -1,389 | 1,690 |
Investing Cash Flow | 235 | -6 | 395 | 25 | -1,533 | 1,088 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Short-Term Debt Issued | - | 219 | 52 | 56 | - | 3,618 |
Long-Term Debt Issued | - | - | - | - | - | 1,138 |
Total Debt Issued | 120 | 219 | 52 | 56 | - | 4,756 |
Short-Term Debt Repaid | - | - | - | - | -2,282 | -1,977 |
Long-Term Debt Repaid | - | -419 | -1,196 | -56 | -1,158 | -1 |
Total Debt Repaid | - | -419 | -1,196 | -56 | -3,440 | -1,978 |
Net Debt Issued (Repaid) | 120 | -200 | -1,144 | - | -3,440 | 2,778 |
Issuance of Common Stock | 36 | 188 | 212 | 72 | 46 | 672 |
Repurchase of Common Stock | -1,078 | -670 | -301 | -424 | -947 | -302 |
Other Financing Activities | -29 | 8 | - | - | - | - |
Financing Cash Flow | -951 | -674 | -1,233 | -352 | -4,341 | 3,148 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Cash Flow | -271 | -312 | -410 | 27 | -1,370 | 1,059 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 313 | 235 | 285 | 219 | 4,389 | -3,251 |
Free Cash Flow Growth | 12.19% | -17.54% | 30.14% | -95.01% | - | - |
Free Cash Flow Margin | 10.95% | 9.10% | 12.75% | 11.26% | 224.16% | -152.49% |
Free Cash Flow Per Share | 1.34 | 0.93 | 1.22 | 0.94 | 18.12 | -12.42 |
Levered Free Cash Flow | 491.5 | 84.75 | 292.75 | 294.13 | 1,533 | 280.4 |
Unlevered Free Cash Flow | 504.63 | 96 | 311.25 | 311.63 | 1,529 | 256.4 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Cash Interest Paid | 18 | 18 | 35 | 28 | 50 | 109 |
Cash Income Tax Paid | 3 | 3 | 6 | 6 | 6 | - |
Change in Working Capital | -79 | -337 | -175 | -165 | 3,891 | -3,754 |