Zillow Group, Inc. financials

Key figures from Zillow Group, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$772M$655M+17.9%
Net income-$4M$2M-300.0%
Free cash flow-$25M$50M-150.0%
Gross margin72.8%74.7%-1.9 pts
Operating margin-1.3%-1.7%+0.4 pts
Net margin-0.5%0.3%-0.8 pts

Quarterly trend

Revenue by quarter
$496MSep 2023$474MDec 2023*$529MMar 2024$572MJun 2024$581MSep 2024$554MDec 2024*$598MMar 2025$655MJun 2025$676MSep 2025$654MDec 2025*$708MMar 2026$772MJun 2026
Net income by quarter
-$28MSep 2023-$73MDec 2023*-$23MMar 2024-$17MJun 2024-$20MSep 2024-$52MDec 2024*$8MMar 2025$2MJun 2025$10MSep 2025$3MDec 2025*$46MMar 2026-$4MJun 2026
Free cash flow by quarter
$40MSep 2023$52MDec 2023*$41MMar 2024$18MJun 2024$138MSep 2024$88MDec 2024*$68MMar 2025$50MJun 2025$73MSep 2025$44MDec 2025*$166MMar 2026-$25MJun 2026
Margins by quarter
-37%28%93%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202677.8%75.7%76.7%77.3%75.9%75.8%76.8%74.7%72.6%72.8%73.3%72.8%-10.7%-22.2%-8.5%-6.6%-7.7%-12.5%-1.5%-1.7%-0.4%-1.7%5.1%-1.3%-5.6%-15.4%-4.3%-3.0%-3.4%-9.4%1.3%0.3%1.5%0.5%6.5%-0.5%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$2.6B$23M0.9%$235M$0.09
FY Dec 2024$2.2B-$112M-5.0%$285M-$0.48
FY Dec 2023$1.9B-$158M-8.1%$219M-$0.68
FY Dec 2022$2.0B-$101M-5.2%$4.4B-$0.42
FY Dec 2021$2.1B-$528M-24.8%-$3.3B-$2.02

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.