Saturday 17 October 2026 Export Z’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 17.9%, EPS fell 300.0%, free cash flow fell 179.1% and total debt rose 102.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

30.77 0.69 −2.19%

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Market cap: $7.1B
P/E: 140×
Fwd P/E: 139×
Dividend yield: —
F-score: 7/9
Altman Z: 12.64
Beneish M: −2.30
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 14.62

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	9	2	—	12	4	—	9	1	—	7	2	—

Insider Ownership 30.53%

Capital & Financial Ratios $m

Market Cap 7,120.00

Revenue 2,810.00

Net Income 55.00

Free Cash Flow 220.00

Net Debt (223.00)

Current Ratio 1.92

Debt/Equity 0.11

P/E ratio 139.86

Fwd P/E 139.00

P/S ratio 2.50

P/B ratio 1.63

Past 5Y EPS Growth —

This Y EPS Growth 35.68%

Next Y EPS Growth 29.67%

Next Y revenue growth 516.19%

Next 5Y EPS Growth 30.68%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.70%

10-year low 10-year high

P/B against its own 10 years 5.05%

10-year low 10-year high

EV/Sales against its own 10 years 3.61%

10-year low 10-year high

EV/FCF against its own 10 years 21.72%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,813	1,861	1,300	688
Receivables	96	104	149	175
Inventory	—	—	—	—
Other	100	159	386	494
	3,149	2,334	2,122	1,741

	2023	2024	2025	Q'26
Payables	28	30	36	72
ST’ Debt	93	145	364	465
Other	—	—	—	—
	971	831	679	906

Compound Annual Growth %

	10y	5y	3y
Sales	14.89%	9.73%	9.67%
Cash Flow	32.15%	(2.75%)	(56.61%)
Earnings	0.00%	0.00%	0.00%
Book Value	6.19%	0.59%	2.90%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	708	772	—	—	—
’25	598	655	676	654	2,583
’24	529	572	581	554	2,236
’23	469	506	496	474	1,945
’22	536	504	483	435	1,958
’21	1,218	1,310	550	535	2,132
’20	1,126	768	657	789	1,624

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	200	11	—	—	—
’25	104	87	105	72	368
’24	80	55	171	122	428
’23	93	100	75	86	354
’22	3,392	863	165	84	4,504
’21	241	(399)	(2,804)	(215)	(3,177)
’20	302	391	58	(327)	423

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	156	(34)	—	—	—
’25	(40)	43	65	33	101
’24	34	11	131	81	257
’23	53	56	34	46	189
’22	3,354	830	132	48	4,364
’21	225	(418)	(2,838)	(251)	(3,282)
’20	265	362	34	(347)	314

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.19	(0.02)	—	—	—
’25	0.03	0.01	0.04	0.01	0.09
’24	(0.10)	(0.07)	(0.08)	(0.22)	(0.48)
’23	(0.09)	(0.15)	(0.12)	(0.32)	(0.68)
’22	0.06	0.03	(0.22)	(0.31)	(0.42)
’21	0.20	0.04	(1.29)	(1.03)	(2.11)
’20	(0.78)	(0.38)	0.16	0.18	(0.72)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	15.36	32.56	26.38	28.47	20.04	52.57	26.14	32.43	38.45	57.51	Analyst estimates 2026–2028 Powerpack
	High	39.88	51.23	65.70	51.47	144.30	208.11	65.88	59.86	86.88	93.88
People
People	Employees	2,776	3,181	4,336	5,249	5,504	8,005	5,724	6,263	6,856	7,068
	Revenue/emp, $m	0.30	0.34	0.31	0.52	0.30	0.27	0.34	0.31	0.33	0.37
Income, $m
Income, $m	Revenue	847	1,077	1,334	2,743	1,624	2,132	1,958	1,945	2,236	2,583
	Gross margin, %	91.82	92.09	88.48	43.70	84.30	84.85	81.26	78.35	76.43	74.14
	EBT	(220)	(184)	(151)	(310)	(3)	101	(85)	(154)	(107)	25
	EBT margin, %	(26.02)	(17.09)	(11.32)	(11.29)	(0.18)	4.74	(4.34)	(7.92)	(4.79)	0.97
	Net income	(220)	(94)	(120)	(305)	(162)	(528)	(101)	(158)	(112)	23
	Depreciation	103	129	158	198	274	308	236	243	269	293
Per share, $
Per share, $	Revenue	4.70	5.78	6.74	13.29	7.25	8.53	8.09	8.33	9.55	10.68
	Earnings	(1.22)	(0.51)	(0.61)	(1.48)	(0.72)	(2.11)	(0.42)	(0.68)	(0.48)	0.09
	Cash flow	0.05	1.38	0.02	(2.97)	1.89	(12.71)	18.60	1.52	1.83	1.52
	Capex	(0.40)	(0.42)	(0.40)	(0.42)	(0.49)	(0.42)	(0.58)	(0.71)	(0.73)	(1.10)
	Free cash flow	(0.35)	0.96	(0.38)	(3.39)	1.40	(13.13)	18.02	0.81	1.10	0.42
	Book value	14.06	14.27	16.51	16.65	21.18	21.37	18.51	19.38	20.71	20.19
	Shares, m	180	186	198	206	224	250	242	234	234	242
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	758.00
	P/S	7.92	7.36	4.69	3.49	9.15	4.49	4.06	6.88	7.75	6.39
	P/B	2.65	2.98	1.91	2.78	6.44	3.04	1.78	2.95	3.58	3.38
	EV/Sales	7.75	7.01	4.15	3.40	8.63	4.10	3.21	5.99	7.21	6.22
	EV/FCF	(104.08)	42.01	(74.08)	(13.33)	91.83	(4.52)	1.44	61.65	62.70	159.06
Cash, $m
Cash, $m	Operating cash flow	9	258	4	(612)	423	(3,177)	4,504	354	428	368
	Capex	(72)	(79)	(79)	(87)	(109)	(105)	(140)	(165)	(171)	(267)
	Free cash flow	(63)	180	(75)	(699)	314	(3,282)	4,364	189	257	101
Balance, $m
Balance, $m	Working capital	486	723	1,605	2,590	4,056	3,798	3,333	2,178	1,503	1,443
	Total debt	367	385	849	2,265	2,284	1,432	1,697	1,093	145	364
	Net debt	(140)	(377)	(719)	(247)	(1,713)	(1,398)	(1,667)	(1,720)	(1,716)	(936)
	Shareholders’ equity	2,534	2,661	3,267	3,435	4,742	5,341	4,482	4,526	4,848	4,884
Returns, %
Returns, %	ROA	(7.01)	(2.96)	(3.19)	(5.86)	(2.38)	(5.81)	(1.17)	(2.39)	(1.79)	0.40
	ROIC	(5.04)	(4.43)	(3.16)	(4.85)	2.25	3.79	(2.06)	(6.01)	(3.93)	(0.54)
	ROE	(8.46)	(3.64)	(4.04)	(9.11)	(3.96)	(10.47)	(2.06)	(3.51)	(2.39)	0.47

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PINS Pinterest, Inc.	$12.9B	62.6×	41.1×	+18.17% (above 0%: growing)	n/m	+37.24% (above 0%: growing)	78.18%	(4.68%)	Compare
SNAP Snap Inc.	$10.9B	— (loss-making)	— (loss-making)	+18.89% (above 0%: growing)	n/m	+406.61% (above 0%: growing)	58.23%	(10.68%)	Compare
MTCH Match Group Inc.	$10.1B	14.3×	13.0×	−1.23% (below 0%: shrinking)	+43.14% (above 0%: growing)	+52.63% (above 0%: growing)	76.06%	28.77%	Compare
Z Zillow Group, Inc.	$7.1B	140×	139×	+17.86% (above 0%: growing)	n/m	−179.07% (below 0%: shrinking)	72.80%	(1.30%)
ZG Zillow Group, Inc.	$7.1B	144×	43.4×	+17.86% (above 0%: growing)	n/m	−179.07% (below 0%: shrinking)	72.80%	(1.30%)	Compare
BZ KANZHUN LIMITED Sponsored ADR	$6.5B	11.5×	11.7×	+20.45% (above 0%: growing)	+186.36% (above 0%: growing)	−2.17% (below 0%: shrinking)	86.97%	35.99%	Compare
TME Tencent Music Entertainment Group Sponsored ADR	$5.5B	10.4×	10.4×	+11.80% (above 0%: growing)	+4.55% (above 0%: growing)	+83.69% (above 0%: growing)	44.19%	29.69%	Compare
BILI Bilibili Inc. Sponsored ADR	$4.9B	26.5×	29.7×	+15.10% (above 0%: growing)	+71.43% (above 0%: growing)	+130.65% (above 0%: growing)	37.22%	4.70%	Compare
RUM RUM Group Inc.	$3.1B	— (loss-making)	— (loss-making)	+60.92% (above 0%: growing)	n/m	−455.57% (below 0%: shrinking)	24.18%	(175.35%)	Compare
Median of peers	$6.8B	20.4×	21.4×	+18.02%	+57.29%	+44.94%	65.52%	1.70%

All 77 Internet Content & Information stocks →

Zillow Group, Inc. (Z) key facts

Strength: Zillow Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 15.5% from fiscal 2024.
Zillow Group, Inc. (Z) is an Internet Content & Information company in the Communication Services sector, listed on Nasdaq.
As of October 16, 2026, Z traded at $30.77, a market capitalization of $7.1 billion.
Return on equity was 0.47% and debt-to-equity 0.11.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 12.64 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.