Zillow Group, Inc.
ZG 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. 10-Q filed Aug 5, 2026
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 6, 2026: 18 added · 3 removed · 30 modified; 14 with only figures updated
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Modified · Health of Housing Market
Our financial performance is impacted by changes in the health of the housing market, which is impacted, in turn, by general economic conditions. Current market factors have been driven by low housing inventory, elevated and volatile mortgage interest rates, changes in rental inventory and occupancy rates, as well as home price fluctuations and inflationary conditions. These factors may impact the number of transactions consumers complete using our products and services and demand for our advertising services. According to residential real estate data published by NAR, TTV increased
26% during the three months endedMarch 31June 30, 2026 as compared to the three months endedMarch 31June 30, 2025 and increased 4% during the six months ended June 30, 2026 as compared to the six months ended June 30, 2025. We continue to invest in the growth of our business, which we believe has resulted in year over year total revenue results, described below, for the threemonthsand six month periods endedMarch 31June 30, 2026 as compared to thethree months ended March 31, 2025same periods in the prior year, that exceeded industry performance for the sameperiodperiods. The extent to which market factors impact our results and financial position will depend on future developments, which are uncertain and difficult to predict.