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
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Zillow Group, Inc. (Z) 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 | Free account |
Against its own ten years
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
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- Price to free cash flow
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