Zillow Group, Inc. Class C (Z)

Z Income Statement

Revenue, expenses, and profitability analysis

Z Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	1.975B	519.000M	476.000M	491.000M	489.000M	459.000M	420.000M	441.000M	442.000M
Revenue	2.693B	708.000M	654.000M	676.000M	655.000M	598.000M	554.000M	581.000M	572.000M
Cost of Goods Sold	718.000M	189.000M	178.000M	185.000M	166.000M	139.000M	134.000M	140.000M	130.000M
Gross Profit Margin	73.3%	73.3%	72.8%	72.6%	74.7%	76.8%	75.8%	75.9%	77.3%
Total Operating Expenses	1.964B	483.000M	487.000M	494.000M	500.000M	468.000M	489.000M	486.000M	480.000M
Research & Development	608.000M	150.000M	154.000M	151.000M	153.000M	149.000M	149.000M	145.000M	144.000M
Selling, General & Administrative	1.354B	333.000M	333.000M	341.000M	347.000M	319.000M	340.000M	340.000M	336.000M
Operating Income (EBIT)	11.000M	36.000M	-11.000M	-3.000M	-11.000M	-9.000M	-69.000M	-45.000M	-38.000M
Operating Margin	5.1%	5.1%	-1.7%	-0.4%	-1.7%	-1.5%	-12.5%	-7.7%	-6.6%
Income Before Tax (EBT)	65.000M	48.000M	3.000M	12.000M	2.000M	8.000M	-51.000M	-20.000M	-15.000M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	17.000M	4.000M	5.000M	3.000M	5.000M	5.000M	8.000M	9.000M	10.000M
Other Income/Expense	54.000M	12.000M	14.000M	15.000M	13.000M	17.000M	18.000M	25.000M	23.000M
Net Income	61.000M	46.000M	3.000M	10.000M	2.000M	8.000M	-52.000M	-20.000M	-17.000M
Income Tax Expense	4.000M	2.000M	0.00	2.000M	0.00	0.00	1.000M	0.00	2.000M
Net Profit Margin	6.5%	6.5%	0.5%	1.5%	0.3%	1.3%	-9.4%	-3.4%	-3.0%
EBITDA	340.000M	119.000M	61.000M	84.000M	76.000M	80.000M	31.000M	54.000M	61.000M
EBITDA Margin	16.8%	16.8%	9.3%	12.4%	11.6%	13.4%	5.6%	9.3%	10.7%
Depreciation & Amortization	277.000M	67.000M	72.000M	69.000M	69.000M	67.000M	74.000M	65.000M	66.000M
EPS Basic	0.26	0.20	0.01	0.04	0.01	0.03	-0.22	-0.09	-0.07
EPS Diluted	0.25	0.19	0.01	0.04	0.01	0.03	-0.22	-0.09	-0.07
Shares Outstanding	235.682M	235.682M	242.054M	242.326M	241.083M	242.256M	236.329M	232.521M	233.453M
Diluted Shares Outstanding	239.644M	239.644M	252.387M	256.243M	241.083M	256.192M	236.329M	232.521M	233.453M

Z Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	1.915B	1.709B	1.524B	1.591B	1.809B	1.369B	1.311B	1.180B
Revenue	2.583B	2.236B	1.945B	1.958B	2.132B	1.624B	2.743B	1.334B
Cost of Goods Sold	668.000M	527.000M	421.000M	367.000M	323.000M	255.000M	1.432B	153.590M
Gross Profit Margin	74.1%	76.4%	78.4%	81.3%	84.8%	84.3%	47.8%	88.5%
Total Operating Expenses	1.947B	1.906B	1.794B	1.684B	1.570B	1.208B	1.558B	1.226B
Research & Development	607.000M	585.000M	560.000M	498.000M	421.000M	349.000M	477.347M	410.818M
Selling, General & Administrative	1.340B	1.314B	1.211B	1.162B	1.129B	809.000M	1.080B	814.774M
Operating Income (EBIT)	-32.000M	-197.000M	-270.000M	-93.000M	239.000M	161.000M	-246.835M	-128.975M
Operating Margin	-1.2%	-8.8%	-13.9%	-4.7%	11.2%	9.9%	-9.0%	-9.7%
Income Before Tax (EBT)	25.000M	-107.000M	-154.000M	-85.000M	101.000M	-3.000M	-309.619M	-150.960M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	18.000M	36.000M	36.000M	35.000M	128.000M	155.227M	101.792M	41.255M
Other Income/Expense	57.000M	90.000M	116.000M	8.000M	-138.000M	-164.000M	-62.784M	-21.985M
Net Income	23.000M	-112.000M	-158.000M	-101.000M	-528.000M	-162.000M	-305.361M	-119.858M
Income Tax Expense	2.000M	5.000M	4.000M	3.000M	-1.000M	-8.000M	-4.258M	-31.102M
Net Profit Margin	0.9%	-5.0%	-8.1%	-5.2%	-24.8%	-10.0%	-11.1%	-9.0%
EBITDA	261.000M	179.000M	125.000M	130.000M	382.000M	272.000M	-97.218M	-10.314M
EBITDA Margin	10.1%	8.0%	6.4%	6.6%	17.9%	16.7%	-3.5%	-0.8%
Depreciation & Amortization	293.000M	250.000M	243.000M	180.000M	153.000M	86.000M	110.609M	99.391M
EPS Basic	0.10	-0.48	-0.68	-0.42	-2.11	-0.72	-1.48	-0.61
EPS Diluted	0.09	-0.48	-0.68	-0.42	-2.11	-0.72	-1.48	-0.61
Shares Outstanding	241.930M	234.077M	233.575M	242.163M	249.937M	223.848M	206.380M	197.944M
Diluted Shares Outstanding	254.117M	234.077M	233.575M	242.163M	249.937M	223.848M	206.380M	197.944M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Zillow Group, Inc. Class C

Zillow Group, Inc. functions as a prominent digital real estate enterprise, offering a variety of real estate platforms accessible through mobile applications and websites throughout the United States. The company's operations are divided into three principal segments: Homes, Internet, Media & Technology (IMT), and Mortgages. The Homes division facilitates the resale of properties and delivers extensive title and escrow services to both property purchasers and sellers, encompassing title examination for insurance, escrow administration, and other essential closing procedures. The IMT segment provides marketplaces for premier agents, rental properties, and new construction, in addition to offerings like dotloop, diverse advertising solutions, and specialized business software. Through its Mortgage segment, Zillow offers home financing options and marketing products, including personalized quotes and connection services. Its comprehensive brand portfolio features well-known names such as Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. Established in 2004, Zillow Group's corporate headquarters are situated in Seattle, Washington.

Seattle, WA

6,819 employees

www.zillowgroup.com

Communication Services / Internet Content & Information

Sector: Communication Services
Industry: Internet Content & Information
CEO: Jeremy Wacksman

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