Zillow Group revenue and financials
$28.00Change from previous close: −1.27%Absolute change: −$0.36
In the fiscal year ended December 2025, Zillow Group reported revenue of $2.58B (+15.52% year over year). Net income was $23M, a net margin of 0.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.52%
- 2025 vs 2024
- Net margin
- 0.9%
- 2024: -5.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 2,583 | 2,236 | 1,945 | 1,958 | 2,132 |
| Cost of revenue | 668 | 527 | 421 | 367 | 323 |
| Gross profit | 1,915 | 1,709 | 1,524 | 1,591 | 1,809 |
| Selling, general and administrative | 1,340 | 1,314 | 1,211 | 1,162 | 1,129 |
| Research and development | 607 | 585 | 560 | 498 | 421 |
| Operating income | -32.0 | -190 | -247 | -69.0 | 259 |
| EBIT | -32.0 | -190 | -247 | -69.0 | 259 |
| EBITDA | 69.0 | -98.0 | -170 | 21.0 | 353 |
| Interest expense | 18.0 | 36.0 | 36.0 | 35.0 | 128 |
| Pre-tax income | 25.0 | -107 | -154 | -85.0 | 101 |
| Income tax | 2.0 | 5.0 | 4.0 | 3.0 | -1.0 |
| Net income | 23.0 | -112 | -158 | -101 | -528 |
| Net income to common shareholders | 23.0 | -112 | -158 | -101 | -528 |
| Basic EPS | 0.10 | -0.48 | -0.68 | -0.42 | -2.11 |
| Diluted EPS | 0.09 | -0.48 | -0.68 | -0.42 | -2.02 |
| Average shares (basic) | 242 | 234 | 234 | 242 | 250 |
| Average shares (diluted) | 254 | 234 | 234 | 242 | 262 |