Zillow Group, Inc.

Z Communication Services Internet Content & Information

Zillow Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 15.5% from fiscal 2024.

Revenue
+7.10%
EPS
−1,850.0%
Free cash flow
+83.1%
Total debt
+44.1%

Quarter to September 2026, against a year earlier

30.06 3.84 −11.33%
Market cap
$6.8B
P/E
0.0×
Fwd P/E
139×
Dividend yield
—
F-score
7/9
Altman Z
12.64
Beneish M
−2.30
Dividend safety
n/a

Zillow Group, Inc. (Z) Gross margin

Alert me on Gross margin

Zillow Group, Inc.'s gross margin over the twelve months to 30 September 2026 was 72.5%, down 1.6 percentage points from fiscal 2025 (74.1%). Over the past ten years it has ranged from 43.7% (fiscal 2019) to 92.1% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Internet Content & Information industry median of 63.3% and above the Communication Services sector median of 51.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 74.1% (2.29)
FY2024 76.4% (1.92)
FY2023 78.4% (2.91)
FY2022 81.3% (3.59)
FY2021 84.9% 0.55
FY2020 84.3% 40.60
FY2019 43.7% (44.78)
FY2018 88.5% (3.61)
FY2017 92.1% 0.27
FY2016 91.8% 1.15

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 71.3% (1.53)
Jun 2026 72.8% (0.51)
Mar 2026 73.3% 0.53
Dec 2025 72.8% 0.15
43 more quarters

Against its own ten years

Low 43.7% High 92.1%
Ten-year median 84.3%
Current reading's percentile 30

Gross margin against peers

Company Gross margin
CARG CarGurus, Inc. compare 92.3%
BZ KANZHUN LIMITED Sponsored ADR compare 85.9%
PINS Pinterest, Inc. compare 79.0%
MTCH Match Group Inc. compare 75.8%
ZG Zillow Group, Inc. compare 72.5%
Z Zillow Group, Inc. 72.5%
SNAP Snap Inc. compare 59.1%
TME Tencent Music Entertainment Group Sponsored ADR compare 44.3%
BILI Bilibili Inc. Sponsored ADR compare 37.0%
Internet Content & Information industry median 63.3%
Communication Services sector median 51.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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