Company research / ZG

Zillow Group, Inc. (ZG)

Also trades as Z. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

SEC name ZILLOW GROUP, INC. · CIK 0001617640 · Nasdaq · Services-Business Services, NEC

  • Sector Services
  • Incorporated WA
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Zillow Group, Inc. reported revenue of $2.58B. Revenue grew 15.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.81B.

Key ratios (year ended 2025-12-31)

74.1%
Gross margin
-1.3%
Operating margin
0.9%
Net margin
0.5%
Return on year-end equity
15.5%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-09-21

Headquarters locality: Seattle · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.81B$2.58B$2.24B$1.95B$1.96B$2.13B$1.62B$2.74B$1.33B$1.08B$846.59M
Cost of Revenue$762.00M$668.00M$527.00M$421.00M$367.00M$323.00M$255.00M$1.54B$153.59M$85.20M$69.26M
Gross Profit$2.05B$1.92B$1.71B$1.52B$1.59B$1.81B$1.37B$1.20B$1.18B$991.59M$777.33M
R&D Expense$611.00M$607.00M$585.00M$560.00M$498.00M$421.00M$324.00M$350.92M$410.82M$319.99M$255.58M
Operating Income$12.00M-$34.00M-$197.00M-$270.00M-$93.00M$239.00M$109.00M-$247.49M-$128.97M-$161.87M-$192.85M
Depreciation & Amortization$262.00M$264.00M$240.00M$187.00M$157.00M$130.00M$111.00M$87.47M$99.39M$110.16M$100.59M
EBITDA$274.00M$230.00M$43.00M-$83.00M$64.00M$369.00M$220.00M-$160.02M-$29.58M-$51.72M-$92.26M
Net Income$55.00M$23.00M-$112.00M-$158.00M-$101.00M-$528.00M-$162.00M-$305.36M-$119.86M-$94.42M-$220.44M
EPS (Diluted)n/a$0.09-$0.48-$0.68-$0.42-$2.02-$0.70-$1.48n/an/an/a
Total Assets$5.30B$5.68B$5.83B$6.65B$6.56B$10.70B$7.49B$6.13B$4.29B$3.23B$3.15B
Total Liabilities$997.00M$801.00M$981.00M$2.13B$2.08B$5.35B$2.74B$2.70B$1.02B$569.69M$616.09M
Shareholders' Equity$4.31B$4.88B$4.85B$4.53B$4.48B$5.34B$4.74B$3.44B$3.27B$2.66B$2.53B
Cash & Equivalents$572.00M$768.00M$1.08B$1.49B$1.47B$2.31B$1.70B$1.14B$651.06M$352.10M$243.59M
Operating Cash Flow$388.00M$368.00M$428.00M$354.00M$4.50B-$3.18B$423.00M-$612.17M$3.85M$258.19M$8.64M
Capital Expenditures$130.00M$133.00M$143.00M$135.00M$115.00M$74.00M$85.00M$67.04M$66.05M$66.73M$62.06M
Free Cash Flow$258.00M$235.00M$285.00M$219.00M$4.39B-$3.25B$338.00M-$679.22M-$62.20M$191.46M-$53.41M
Share Repurchases$1.10B$670.00M$301.00M$424.00M$947.00M$302.00M$0$0n/an/an/a
Weighted Average Diluted Sharesn/a254.12M234.08M233.57M242.16M261.83M231.44M206.38Mn/an/an/a
EPS (Basic)n/a$0.09-$0.48-$0.68-$0.42-$2.11-$0.72-$1.48n/an/an/a

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