Zillow Group revenue and financials
$27.97Change from previous close: −1.38%Absolute change: −$0.39
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 11.0 | 200 | 72.0 | 105 | 87.0 | 104 | 122 | 171 | 55.0 | 80.0 | 86.0 | 75.0 |
| Depreciation and amortization | 26.0 | 25.0 | 29.0 | 27.0 | 27.0 | 26.0 | 25.0 | 25.0 | 26.0 | 26.0 | 39.0 | 25.0 |
| Capital expenditure | -36.0 | -34.0 | -28.0 | -32.0 | -37.0 | -36.0 | -34.0 | -33.0 | -37.0 | -39.0 | -34.0 | -35.0 |
| Investing cash flow | -51.0 | 376 | -50.0 | 19.0 | 77.0 | -52.0 | 274 | 328 | -3.0 | -204 | -314 | 255 |
| Financing cash flow | -65.0 | -666 | -128 | 163 | -490 | -219 | -386 | -607 | -311 | 71.0 | -126 | -49.0 |
| Share repurchases | -200 | -626 | -232 | -38.0 | -150 | -250 | — | — | -292 | -9.0 | -88.0 | -100 |
| Debt issued | 101 | — | 92.0 | 42.0 | 57.0 | 28.0 | -3.0 | -34.0 | 59.0 | 30.0 | 2.0 | 25.0 |
| Debt repaid | 29.0 | -29.0 | 0.0 | 0.0 | -419 | — | -499 | -608 | -89.0 | — | -56.0 | — |
| Net change in cash | -105 | -90.0 | -106 | 287 | -326 | -167 | 10.0 | -108 | -259 | -53.0 | -354 | 281 |
| Free cash flow | -25.0 | 166 | 44.0 | 73.0 | 50.0 | 68.0 | 88.0 | 138 | 18.0 | 41.0 | 52.0 | 40.0 |
| Levered free cash flow | -6.3 | 159 | 21.0 | 59.5 | 45.0 | -41.8 | 97.9 | 131 | 21.0 | 43.0 | 108 | 43.5 |