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6Mar 5, 2026·SEC
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Zillow Group, Inc. Class A (ZG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Zillow Group, Inc. Class A (ZG) stock price & volume — 10-year historical chart
Zillow Group, Inc. Class A (ZG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Zillow Group, Inc. Class A (ZG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 10, 2026 | $0.39vs $0.42-7.1% | $654Mvs $651M+0.5% |
| Q4 2025 | Oct 30, 2025 | $0.44vs $0.42+3.9% | $676Mvs $670M+0.9% |
| Q3 2025 | Aug 6, 2025 | $0.40vs $0.44-9.1% | $655Mvs $666M-1.7% |
| Q2 2025 | May 7, 2025 | $0.41vs $0.43-4.7% | $598Mvs $589M+1.5% |
Zillow Group, Inc. Class A (ZG) competitors in Online Marketplaces and Classifieds — business model, growth, and fundamentals comparison
Zillow Group, Inc. Class A (ZG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Zillow Group, Inc. Class A (ZG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.08B | 1.33B | 2.74B | 1.62B | 2.13B | 1.96B | 1.95B | 2.24B | 2.58B |
| Revenue Growth % | 27.19% | 23.84% | 105.68% | -40.79% | 31.28% | -8.16% | -0.66% | 14.96% | 15.52% |
| Cost of Goods Sold | 85.2M | 153.59M | 1.43B | 255M | 323M | 367M | 421M | 527M | 668M |
| COGS % of Revenue | 7.91% | 11.52% | 52.21% | 15.7% | 15.15% | 18.74% | 21.65% | 23.57% | 25.86% |
| Gross Profit | 991.59M▲ 0% | 1.18B▲ 19.0% | 1.31B▲ 11.1% | 1.37B▲ 4.4% | 1.81B▲ 32.1% | 1.59B▼ 12.1% | 1.52B▼ 4.2% | 1.71B▲ 12.1% | 1.92B▲ 12.1% |
| Gross Margin % | 92.09% | 88.48% | 47.79% | 84.3% | 84.85% | 81.26% | 78.35% | 76.43% | 74.14% |
| Gross Profit Growth % | 27.95% | 19% | 11.09% | 4.44% | 32.14% | -12.05% | -4.21% | 12.14% | 12.05% |
| Operating Expenses | 979M | 1.23B | 1.56B | 1.21B | 1.57B | 1.68B | 1.79B | 1.91B | 1.95B |
| OpEx % of Revenue | 90.92% | 91.9% | 56.79% | 74.38% | 73.64% | 86.01% | 92.24% | 85.24% | 75.38% |
| Selling, General & Admin | 659.02M | 814.77M | 1.08B | 809M | 1.13B | 1.16B | 1.21B | 1.31B | 1.34B |
| SG&A % of Revenue | 61.2% | 61.1% | 39.39% | 49.82% | 52.95% | 59.35% | 62.26% | 58.77% | 51.88% |
| Research & Development | 319.99M | 410.82M | 477.35M | 349M | 421M | 498M | 560M | 585M | 607M |
| R&D % of Revenue | 29.72% | 30.81% | 17.4% | 21.49% | 19.75% | 25.43% | 28.79% | 26.16% | 23.5% |
| Other Operating Expenses | 5.38M | 0 | 0 | 50M | 20M | 24M | 23M | 7M | 0 |
| Operating Income | -161.87M▲ 0% | -128.97M▲ 20.3% | -246.84M▼ 91.4% | 161M▲ 165.2% | 239M▲ 48.4% | -93M▼ 138.9% | -270M▼ 190.3% | -197M▲ 27.0% | -34M▲ 82.7% |
| Operating Margin % | -15.03% | -9.67% | -9% | 9.91% | 11.21% | -4.75% | -13.88% | -8.81% | -1.32% |
| Operating Income Growth % | 16.06% | 20.32% | -91.38% | 165.23% | 48.45% | -138.91% | -190.32% | 27.04% | 82.74% |
| EBITDA | -51.72M | -29.58M | -136.23M | 247M | 392M | 87M | -48M | 53M | -34M |
| EBITDA Margin % | -4.8% | -2.22% | -4.97% | 15.21% | 18.39% | 4.44% | -2.47% | 2.37% | -1.32% |
| EBITDA Growth % | 43.94% | 42.8% | -360.47% | 281.32% | 58.7% | -77.81% | -155.17% | 210.42% | -164.15% |
| D&A (Non-Cash Add-back) | 110.16M | 99.39M | 110.61M | 86M | 153M | 180M | 222M | 250M | 0 |
| EBIT | -156.49M | -109.7M | -207.83M | 186M | 229M | -50M | -118M | -71M | 0 |
| Net Interest Income | -27.52M | -41.26M | -101.79M | -155.23M | -128M | -35M | -36M | -36M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 27.52M | 41.26M | 101.79M | 155.23M | 128M | 35M | 36M | 36M | -18M |
| Other Income/Expense | -22.13M | -105.33M | -62.78M | -164M | -138M | 8M | 116M | 90M | 59M |
| Pretax Income | -184.01M▲ 0% | -150.96M▲ 18.0% | -309.62M▼ 105.1% | -3M▲ 99.0% | 101M▲ 3466.7% | -85M▼ 184.2% | -154M▼ 81.2% | -107M▲ 30.5% | 25M▲ 123.4% |
| Pretax Margin % | -17.09% | -11.32% | -11.29% | -0.18% | 4.74% | -4.34% | -7.92% | -4.79% | 0.97% |
| Income Tax | -89.59M | -31.1M | -4.26M | -8M | -1M | 3M | 4M | 5M | -2M |
| Effective Tax Rate % | 48.69% | 20.6% | 1.38% | 266.67% | -0.99% | -3.53% | -2.6% | -4.67% | -8% |
| Net Income | -94.42M▲ 0% | -119.86M▼ 26.9% | -305.36M▼ 154.8% | -162M▲ 46.9% | -528M▼ 225.9% | -101M▲ 80.9% | -158M▼ 56.4% | -112M▲ 29.1% | 23M▲ 120.5% |
| Net Margin % | -8.77% | -8.99% | -11.13% | -9.98% | -24.77% | -5.16% | -8.12% | -5.01% | 0.89% |
| Net Income Growth % | 57.17% | -26.94% | -154.77% | 46.95% | -225.93% | 80.87% | -56.44% | 29.11% | 120.54% |
| Net Income (Continuing) | -94.42M | -119.86M | -305.36M | 5M | 102M | -88M | -158M | -112M | 0 |
| Discontinued Operations | 0 | 0 | 0 | -167M | -630M | -13M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.51▲ 0% | -0.61▼ 19.6% | -1.48▼ 142.6% | -0.72▲ 51.4% | -2.11▼ 193.1% | -0.42▲ 80.1% | -0.68▼ 61.9% | -0.48▲ 29.4% | 0.09▲ 118.8% |
| EPS Growth % | 58.2% | -19.61% | -142.62% | 51.35% | -193.06% | 80.09% | -61.9% | 29.41% | 118.75% |
| EPS (Basic) | -0.51 | -0.61 | -1.48 | -0.72 | -2.11 | -0.42 | -0.68 | -0.48 | 0.09 |
| Diluted Shares Outstanding | 186.45M | 197.94M | 206.38M | 223.85M | 249.94M | 242.16M | 233.57M | 234.08M | 254.12M |
| Basic Shares Outstanding | 186.45M | 197.94M | 206.38M | 223.85M | 249.94M | 242.16M | 233.57M | 234.08M | 241.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Zillow Group, Inc. Class A (ZG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 841.52M | 1.89B | 3.51B | 4.96B | 7.68B | 3.6B | 3.15B | 2.33B | 2.12B |
| Cash & Short-Term Investments | 762.54M | 1.55B | 2.42B | 3.92B | 2.83B | 3.36B | 2.81B | 1.86B | 1.29B |
| Cash Only | 352.1M | 651.06M | 1.14B | 1.7B | 2.31B | 1.47B | 1.5B | 1.08B | 768M |
| Short-Term Investments | 410.44M | 903.87M | 1.28B | 2.22B | 514M | 1.9B | 1.32B | 776M | 527M |
| Accounts Receivable | 54.4M | 66.08M | 67M | 69.94M | 77M | 72M | 96M | 104M | 176M |
| Days Sales Outstanding | 18.44 | 18.09 | 8.92 | 15.72 | 13.18 | 13.42 | 18.02 | 16.98 | 24.87 |
| Inventory | 0 | 162.83M | 836.63M | 491.29M | 3.91B | 43M | -3M | 0 | 0 |
| Days Inventory Outstanding | - | 386.96 | 213.24 | 703.22 | 4.42K | 42.77 | - | - | - |
| Other Current Assets | 24.59M | 47.79M | 126.15M | 406.56M | 707.78M | 1M | 243M | 372M | 651M |
| Total Non-Current Assets | 2.39B | 2.4B | 2.62B | 2.52B | 3.02B | 2.96B | 3.5B | 3.5B | 3.56B |
| Property, Plant & Equipment | 112.27M | 135.17M | 382.64M | 384.11M | 345M | 397M | 401M | 419M | 406M |
| Fixed Asset Turnover | 9.59x | 9.87x | 7.17x | 4.23x | 6.18x | 4.93x | 4.85x | 5.34x | 6.36x |
| Goodwill | 1.93B | 1.98B | 1.98B | 1.98B | 2.37B | 2.37B | 2.82B | 2.82B | 2.82B |
| Intangible Assets | 319.71M | 215.9M | 190.57M | 94.77M | 176M | 154M | 241M | 207M | 279M |
| Long-Term Investments | 10M | 10M | 0 | 0 | 0 | 5M | 0 | 0 | 0 |
| Other Non-Current Assets | 25.93M | 62.44M | 63.7M | 57.89M | 120M | 35M | 44M | 46M | 55M |
| Total Assets | 3.23B▲ 0% | 4.29B▲ 32.8% | 6.13B▲ 42.9% | 7.49B▲ 22.1% | 10.7B▲ 42.9% | 6.56B▼ 38.6% | 6.65B▲ 1.4% | 5.83B▼ 12.4% | 5.68B▼ 2.5% |
| Asset Turnover | 0.33x | 0.31x | 0.45x | 0.22x | 0.20x | 0.30x | 0.29x | 0.38x | 0.45x |
| Asset Growth % | 2.57% | 32.83% | 42.9% | 22.09% | 42.86% | -38.63% | 1.36% | -12.37% | -2.47% |
| Total Current Liabilities | 118.39M | 287.5M | 920.52M | 908.64M | 3.88B | 270M | 971M | 831M | 679M |
| Accounts Payable | 3.59M | 7.47M | 8.34M | 18.97M | 11M | 20M | 28M | 30M | 36M |
| Days Payables Outstanding | 15.37 | 17.75 | 2.13 | 27.16 | 12.43 | 19.89 | 24.28 | 20.78 | 19.67 |
| Short-Term Debt | 0 | 149.72M | 731.59M | 670.21M | 113M | 37M | 700M | 563M | 14M |
| Deferred Revenue (Current) | 34.32M | 35.82M | 39.75M | 48.99M | 51M | 44M | 52M | 62M | 69M |
| Other Current Liabilities | 63.77M | 64.84M | 37.8M | 88.36M | 3.59B | 90M | 107M | 33M | 596M |
| Current Ratio | 7.11x | 6.58x | 3.81x | 5.46x | 1.98x | 13.34x | 3.24x | 2.81x | 3.13x |
| Quick Ratio | 7.11x | 6.02x | 2.90x | 4.92x | 0.97x | 13.19x | 3.25x | 2.81x | 3.13x |
| Cash Conversion Cycle | - | 387.29 | 220.03 | 691.78 | 4.42K | 36.3 | - | - | - |
| Total Non-Current Liabilities | 451.31M | 736.44M | 1.78B | 1.84B | 1.47B | 1.81B | 1.16B | 150M | 122M |
| Long-Term Debt | 385.42M | 699.02M | 1.54B | 1.61B | 1.32B | 1.66B | 1B | 83M | 79M |
| Capital Lease Obligations | 0 | 0 | 220.44M | 207.72M | 148M | 139M | 95M | 83M | 0 |
| Deferred Tax Liabilities | 44.56M | 17.47M | 12.19M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 14.86M | 5M | 12M | 60M | 67M | 43M |
| Total Liabilities | 569.69M | 1.02B | 2.7B | 2.74B | 5.35B | 2.08B | 2.13B | 981M | 801M |
| Total Debt | 385.42M | 848.74M | 2.51B | 2.52B | 1.6B | 1.87B | 1.83B | 660M | 93M |
| Net Debt | 33.32M | 197.68M | 1.37B | 816.63M | -711M | 401M | 337M | -422M | -675M |
| Debt / Equity | 0.14x | 0.26x | 0.73x | 0.53x | 0.30x | 0.42x | 0.40x | 0.14x | 0.02x |
| Debt / EBITDA | - | - | - | 10.20x | 4.09x | 21.46x | - | 12.45x | - |
| Net Debt / EBITDA | - | - | - | 3.31x | -1.81x | 4.61x | - | -7.96x | - |
| Interest Coverage | -5.88x | -3.13x | -2.42x | 1.04x | 1.87x | -2.66x | -7.50x | -5.47x | - |
| Total Equity | 2.66B▲ 0% | 3.27B▲ 22.8% | 3.44B▲ 5.1% | 4.74B▲ 38.0% | 5.34B▲ 12.6% | 4.48B▼ 16.1% | 4.53B▲ 1.0% | 4.85B▲ 7.1% | 4.88B▲ 0.7% |
| Equity Growth % | 5.02% | 22.79% | 5.15% | 38.03% | 12.64% | -16.08% | 0.98% | 7.11% | 0.74% |
| Book Value per Share | 14.27 | 16.51 | 16.65 | 21.18 | 21.37 | 18.51 | 19.38 | 20.71 | 19.22 |
| Total Shareholders' Equity | 2.66B | 3.27B | 3.44B | 4.74B | 5.34B | 4.48B | 4.53B | 4.85B | 4.88B |
| Common Stock | 20K | 21K | 21K | 24K | 25K | 0 | 0 | 0 | 0 |
| Retained Earnings | -592.24M | -671.78M | -977.14M | -1.14B | -1.67B | -1.61B | -1.77B | -1.88B | -1.86B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.1M | -905K | 340K | 164K | 7M | -15M | -5M | -3M | 2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Zillow Group, Inc. Class A (ZG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 258.19M | 3.85M | -612.17M | 424.2M | -3.18B | 4.5B | 354M | 428M | 368M |
| Operating CF Margin % | 23.98% | 0.29% | -22.32% | 26.12% | -149% | 230.03% | 18.2% | 19.14% | 14.25% |
| Operating CF Growth % | 2886.59% | -98.51% | -16000.62% | 169.29% | -848.87% | 241.78% | -92.14% | 20.9% | -14.02% |
| Net Income | -94.42M | -119.86M | -305.36M | -162.12M | -527.78M | -101M | -158M | -112M | 23M |
| Depreciation & Amortization | 110.16M | 99.39M | 110.61M | 134.37M | 152.49M | 180M | 222M | 250M | 272M |
| Stock-Based Compensation | 113.57M | 149.08M | 198.9M | 197.55M | 312M | 451M | 451M | 448M | 390M |
| Deferred Taxes | -89.59M | -31.1M | -4.26M | -7.52M | -2.75M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 212.56M | 139.81M | 91.02M | 219.01M | 642.82M | 83M | 4M | 17M | -317M |
| Working Capital Changes | 5.92M | -233.48M | -703.09M | 42.91M | -3.75B | 3.89B | -165M | -175M | 0 |
| Change in Receivables | -21.2M | -12.56M | -3.69M | -5.58M | -82.31M | 82M | -24M | -8M | -45M |
| Change in Inventory | 29.81M | -162.83M | -673.8M | 345.28M | -3.83B | 3.9B | 0 | 0 | 0 |
| Change in Payables | -373K | 1.31M | -496K | 12.97M | 4.7M | 3M | 6M | 2M | 6M |
| Cash from Investing | -247.39M | -622.64M | -456.05M | -1.04B | 1.09B | -1.53B | 25M | 395M | -6M |
| Capital Expenditures | -78.64M | -78.53M | -67.04M | -108.52M | -104.4M | -115M | -135M | -143M | -133M |
| CapEx % of Revenue | 7.3% | 5.89% | 2.44% | 6.68% | 4.9% | 5.87% | 6.94% | 6.4% | 5.15% |
| Acquisitions | -10.95M | -55.14M | 0 | 23.58M | -497.32M | -4M | -433M | -7M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -169.13M | -501.45M | -19.59M | -23.58M | 0 | -25M | -30M | -28M | -134M |
| Cash from Financing | 97.71M | 930.14M | 1.64B | 1.16B | 3.15B | -4.34B | -352M | -1.23B | -674M |
| Debt Issued (Net) | 0 | 481.2M | 1.73B | 306.77M | 2.78B | -3.44B | 0 | -1.14B | 0 |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -365K | 0 | 0 | 0 | -302M | -947M | -424M | -301M | -670M |
| Other Financing | 97.71M | 88.59M | -94.22M | 444.02M | 126.63M | 46M | 72M | 212M | -674M |
| Net Change in Cash | 108.5M▲ 0% | 311.35M▲ 186.9% | 567.47M▲ 82.3% | 548.03M▼ 3.4% | 1.06B▲ 93.3% | -1.37B▼ 229.3% | 27M▲ 102.0% | -410M▼ 1618.5% | -312M▲ 23.9% |
| Free Cash Flow | 179.56M▲ 0% | -74.69M▼ 141.6% | -698.81M▼ 835.7% | 315.68M▲ 145.2% | -3.28B▼ 1139.4% | 4.36B▲ 233.0% | 189M▼ 95.7% | 285M▲ 50.8% | 235M▼ 17.5% |
| FCF Margin % | 16.68% | -5.6% | -25.48% | 19.44% | -153.9% | 222.88% | 9.72% | 12.75% | 9.1% |
| FCF Growth % | 384.66% | -141.59% | -835.68% | 145.17% | -1139.37% | 233% | -95.67% | 50.79% | -17.54% |
| FCF per Share | 0.96 | -0.38 | -3.39 | 1.41 | -13.13 | 18.02 | 0.81 | 1.22 | 0.92 |
| FCF Conversion (FCF/Net Income) | -2.73x | -0.03x | 2.00x | -2.62x | 6.02x | -44.59x | -2.24x | -3.82x | 16.00x |
| Interest Paid | 0 | 0 | 42.16M | 0 | 0 | 50M | 28M | 35M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 6M | 6M | 6M | 0 |
Zillow Group, Inc. Class A (ZG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -8.46% | -3.64% | -4.04% | -9.11% | -3.96% | -10.47% | -2.06% | -3.51% | -2.39% | 0.47% |
| Return on Invested Capital (ROIC) | -5.42% | -4.54% | -3.14% | -4.48% | 2.33% | 3.52% | -1.47% | -4.16% | -3.18% | -0.59% |
| Gross Margin | 91.54% | 92.09% | 88.48% | 47.79% | 84.3% | 84.85% | 81.26% | 78.35% | 76.43% | 74.14% |
| Net Margin | -26.04% | -8.77% | -8.99% | -11.13% | -9.98% | -24.77% | -5.16% | -8.12% | -5.01% | 0.89% |
| Debt / Equity | 0.15x | 0.14x | 0.26x | 0.73x | 0.53x | 0.30x | 0.42x | 0.40x | 0.14x | 0.02x |
| Interest Coverage | -26.03x | -5.88x | -3.13x | -2.42x | 1.04x | 1.87x | -2.66x | -7.50x | -5.47x | - |
| FCF Conversion | -0.04x | -2.73x | -0.03x | 2.00x | -2.62x | 6.02x | -44.59x | -2.24x | -3.82x | 16.00x |
| Revenue Growth | 31.32% | 27.19% | 23.84% | 105.68% | -40.79% | 31.28% | -8.16% | -0.66% | 14.96% | 15.52% |
Zillow Group, Inc. Class A (ZG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 5, 2026·SEC
Feb 10, 2026·SEC
Jan 30, 2026·SEC
Feb 11, 2026·SEC
Zillow Group, Inc. Class A (ZG) stock FAQ — growth, dividends, profitability & financials explained
Zillow Group, Inc. Class A (ZG) reported $2.58B in revenue for fiscal year 2025. This represents a 24268% increase from $10.6M in 2008.
Zillow Group, Inc. Class A (ZG) grew revenue by 15.5% over the past year. This is strong growth.
Yes, Zillow Group, Inc. Class A (ZG) is profitable, generating $23.0M in net income for fiscal year 2025 (0.9% net margin).
Zillow Group, Inc. Class A (ZG) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Zillow Group, Inc. Class A (ZG) generated $235.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Zillow Group, Inc. Class A (ZG) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates