Zillow Group revenue and financials

ZG · NASDAQ · USD

$27.94−1.48%−$0.42

Close · October 7, 2026

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%.

Annual revenue · 2025: $2.58B
  1. $2.13B2021
  2. $1.96B2022
  3. $1.95B2023
  4. $2.24B2024
  5. $2.58B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue772708654676655598554581572529474496
Cost of revenue210189178185166139134140130123115110
Gross profit562519476491489459420441442406359386
Selling, general and administrative370333333341347319340340336298311295
Research and development156150154151153149149145144147141142
Operating income36.036.0-11.0-1.0-11.0-9.0-69.0-44.0-38.0-39.0-93.0-51.0
EBIT36.036.0-11.0-1.0-11.0-9.0-69.0-44.0-38.0-39.0-93.0-51.0
EBITDA60.059.016.024.014.015.0-46.0-21.0-15.0-16.0-71.0-32.0
Interest expense6.04.05.03.05.05.08.09.010.09.09.09.0
Pre-tax income-3.048.03.012.02.08.0-51.0-20.0-15.0-21.0-70.0-28.0
Income tax1.02.00.02.00.0—1.0—2.02.03.0—
Net income-4.046.03.010.02.08.0-52.0-20.0-17.0-23.0-73.0-28.0
Net income to common shareholders-4.046.03.010.02.08.0-52.0-20.0-17.0-23.0-73.0-28.0
Basic EPS-0.020.200.010.040.010.03-0.22-0.09-0.07-0.10-0.31-0.12
Diluted EPS-0.020.190.010.040.010.03-0.22-0.09-0.07-0.10-0.31-0.12
Average shares (basic)228236242242241242236233233235233233
Average shares (diluted)228240252256252256236233233235233233