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Profile & Fundamentals

Zillow Group Profile & Fundamentals

Name: Zillow Group financial chart data preview
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Company and Market Context

Company Profile & Ownership

Zillow Group, Inc. operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States. The company operates through four categories: Residential, Mortgages, Rentals, and Other. The Residential segment includes agent and software, as well as new construction marketing solutions and StreetEasy for sale products. This segment also offers advertising and marketing solutions for real estate agents, premier agent, SaaS customer relationship management, real estate transaction management, appointment center, and enhanced listing services. The Rentals segment includes advertising and a suite of tools for property managers, landlords, and other rental professionals, as well as rental applications. The Mortgages segment provides mortgage originations through Zillow Home Loans and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. The company also generates revenue from display advertising. It also offers a brand portfolio including Zillow, Zillow Premier Agent, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop and Zillow Closing; and a suite of marketing software and technology solutions for the real estate industry. Zillow Group, Inc. was founded in 2004 and is headquartered in Seattle, Washington.

Company profile record

Zillow Group Inc Class C

Common Stock · Real Estate · Real Estate Services

Official website

Company

Company / asset: Zillow Group Inc Class C
Security type: Common Stock
Sector: Real Estate
Industry: Real Estate Services
HQ: 🇺🇸 United States
Head office: 1301 Second Avenue, Seattle, WA, United States, 98101

Leadership & scale

Chief executive: Mr. Jeremy Wacksman
CEO year born: 1977
Full-time employees: 7.2K
Fiscal year end: December
IPO date: 2011-07-20

Fundamentals snapshot

Updated 2026-09-14

Market Cap: USD 7.0B
P/E: 127.0x
Revenue (Q2 26): USD 772.0M
Profit (Q2 26): USD -4.0M
Dividend Yield: --
Revenue (FY 25): USD 2.6B
Shares in public float: 206.2M
Insider ownership: 5.51%

Reporting & identifiers

Symbol: Z.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US98954M2008
Asset ID: equity_e0efbf2a-5587-5503-9a92-3cbe966529f9

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

Caledonia (Private) Investments Pty Ltd25,894,393 shares · 11.52% · Reported 2026-03-31
Independent Franchise Partners LLP16,300,754 shares · 7.25% · Reported 2026-06-30
Capital World Investors14,240,643 shares · 6.33% · Reported 2026-06-30
Vanguard Portfolio Management, LLC14,010,084 shares · 6.23% · Reported 2026-03-31
BlackRock Inc10,008,411 shares · 4.45% · Reported 2026-03-31
Vanguard Capital Management, LLC7,501,846 shares · 3.34% · Reported 2026-03-31
Capital Group Growth Fnd of Amer Comp6,941,807 shares · 3.09% · Reported 2026-06-30

View more holders (8)

American Funds Growth Fd of Amer A6,941,807 shares · 3.09% · Reported 2026-06-30
Vanguard Real Estate Index Investor5,843,031 shares · 2.60% · Reported 2026-07-31
Vanguard MStar Total Stk Mkt Idx Invest5,138,805 shares · 2.29% · Reported 2026-07-31
State Street Corp3,876,050 shares · 1.72% · Reported 2026-03-31
Vanguard Small Cap Index3,724,339 shares · 1.66% · Reported 2026-07-31
Ninety One UK Limited3,473,062 shares · 1.54% · Reported 2026-06-30
Eminence Capital LLC3,445,538 shares · 1.53% · Reported 2026-03-31
Geode Capital Management, LLC3,439,812 shares · 1.53% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The latest financial results tell a story of strong top-line recovery alongside fragile accounting profitability. Trailing twelve-month revenue reached 2.81 billion dollars through mid-2026, growing eighteen percent year-over-year despite a frozen housing turnover market. This expansion was driven by multifamily rental revenue surging over thirty percent and purchase mortgage originations jumping seventy-five percent, demonstrating that the business is no longer tethered solely to home sales. However, true accounting profits remain modest, with trailing net income at fifty-five million dollars and the second quarter of 2026 recording a slight net loss. While trailing free cash flow reached 250 million dollars, expanding mortgage originations consume working capital. Long-term progress requires turning top-line momentum into repeatable GAAP net income.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

AI Review

Gross profit margins remain structurally wide at 74.1%, showcasing strong pricing power across digital marketplace listings. The slight decline from historical eighty-percent levels reflects a growing revenue mix from mortgage originations and rental marketing, which carry higher direct fulfillment costs than pure advertising but contribute substantial incremental gross dollars. In contrast, operating margins have lingered near breakeven, improving from negative territory to slightly positive on a trailing basis. The wide gap between a twenty-three percent adjusted EBITDA margin and negligible GAAP operating income is caused by heavy employee stock compensation. Delivering true operating leverage requires revenue growth to consistently outpace overhead while stock grants moderate.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	846,589,000	-63,077,000	-220,438,000	91.54	-22.78	-26.04	-7.45
2017-12-31	1,076,794,000	179,556,000	-94,420,000	92.09	-15.03	-8.77	16.68
2018-12-31	1,333,554,000	-74,685,000	-119,858,000	88.48	-9.67	-8.99	-5.6
2019-12-31	2,742,837,000	-698,809,000	-305,361,000	47.79	-9	-11.13	-25.48
2020-12-31	1,624,000,000	315,680,000	-162,000,000	84.3	9.91	-9.98	19.44
2021-12-31	2,132,000,000	-3,281,093,000	-528,000,000	84.85	11.21	-24.77	-153.9
2022-12-31	1,958,000,000	4,364,000,000	-101,000,000	81.26	-4.75	-5.16	222.88
2023-12-31	1,945,000,000	189,000,000	-158,000,000	78.35	-13.88	-8.12	9.72
2024-12-31	2,236,000,000	285,000,000	-112,000,000	76.43	-8.81	-5.01	12.75
2025-12-31	2,583,000,000	235,000,000	23,000,000	74.14	-1.24	0.89	9.1

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	748.6	Trailing four quarters

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	189,439,000
2018-01-01	203,561,000
2019-01-01	208,204,000
2020-01-01	251,499,000
2021-01-01	254,013,000
2022-01-01	236,246,000
2023-01-01	232,972,000
2024-01-01	236,329,000
2025-01-01	252,387,000
2026-01-01	227,896,000

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Earnings, Profitability & Valuation
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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