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ZZillow Group, Inc. Class C
$29.55$7.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
Z logo

Zillow Group, Inc. Class C

Z
NASDAQ · Real Estate Services
$29.55
At close - Nov 6, 4:00 PM EST - USD
Market Cap$7.1B
P/E-58.9x
52W High$77.07
Volume3.72M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Top-Line Growth Persists While GAAP Profitability Remains Elusive

Zillow's revenue reached $724.0M in 2026Q3 with 7.1% year-over-year growth, a deceleration from the 16-18% pace seen through much of 2025, while gross margins have held in a 71-77% band that suggests the digital lead-generation model carries low marginal cost.

GrowthStable
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

Z price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-322% Peers

P/E is 322% below peer median

03

Market leadership

RS 31 · Lag

Laggard (Underperforming 69% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth slowed to 7.1% in 2026Q3 with a 71.3% gross margin, but operating margin deteriorated to -22.2% from -1.3% in the prior quarter, suggesting that SG&A growth has not yet been matched by operating leverage.

Analyst Consensus+76.0% target
Hold(46 analysts)
21 Buy23 Hold2 Sell

The Bull Case

Upside Catalysts

Market-leading real estate platform

Zillow is the most visited real estate app and website in the U.S., connecting millions of consumers with innovative technology and trusted agents.

Expanded share buyback program

Zillow increased its equity buyback authorization by $1.25 billion, signaling strong financial health and management's confidence in long-term growth.

Massive user base

The Zillow app has over 50 million downloads, indicating widespread adoption and engagement with its real estate tools and listings.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
Z-55.17%
S&P 500 (^GSPC)+7.63%
1-Year Return
Z-59.13%
S&P 500 (^GSPC)+9.69%
3-Year Return
Z-20.37%
S&P 500 (^GSPC)+65.52%
5-Year Return
Z-56.33%
S&P 500 (^GSPC)+53.81%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-58.9x
Forward P/E
13.6x
EV/EBITDA25th %ile
55.4x
FCF YieldCash Flow
4.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-58.9x
N/A
N/A
EV/EBITDA
55.4x
94.3x
25th· Low
Price/FCF
22.2x
71.5x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$19.47-34.1%
Base (Fair)$29.31-0.8%
Bull$29.63+0.3%
$19.47 Bear$29.31 Base$29.63 Bull
Current Market Price: $29.55
Trades at a 0.8% premium to Base DCF ($29.31)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2.58B+15.5% YoY
Net income FY25
$23M+120.5% YoY
Free cash flow FY25
$235M-17.5% YoY
Operating margin FY25
-1.2%+7.6 pts YoY
ROIC (FY25)-0.5%
Avg ROIC 5Y-1.2%
ROE (TTM)-2.5%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate11/12 (92%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$0.55-5.8%
vs $0.58
$724M-3.9%
vs $754M
Q3 2026
Aug 5, 2026
$0.52+16.6%
vs $0.45
$772M+1.8%
vs $758M
Q2 2026
May 6, 2026
$0.53+23.3%
vs $0.43
$708M+0.4%
vs $705M
Q1 2026
Feb 10, 2026
$0.39-7.1%
vs $0.42
$654M+0.5%
vs $650M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·1d ago
Zillow Group to present at RBCCM Global Technology, Internet, Media & Telecommunications Conference

SEATTLE, Nov. 6, 2026 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced Zillow Group will present at this year's RBC Capital Markets Global Technology, Internet, Media & Telecommunications Conference in New York.  Chief Operating Officer & Chief Financial Officer Jeremy Hofmann will participate in a fireside chat on Tuesday, Nov. 17, at 5:40 a.m.

247 Wallst·1d ago
Is Cincinnati the Most Underrated Place to Retire in the Midwest? Here’s What It Takes

Cincinnati looks like a bargain for retirees, and Ohio barely taxes retirement income. Yet one bill keeps climbing for decades, and where you buy decides how hard it hits. Here is the portfolio a couple needs before they move.

24/7 Wall Street·1d ago
Home Prices Just Fell for the First Time in 3 Years, but Mortgage Payments Are Near Record Highs

For the first time in more than three years, American home prices are going backward. Redfin reported that the median U.S. home-sale price fell 0.1% year over year in the four weeks ending October 25, after a 0.

Benzinga·2d ago
Zillow's Troubles Are Far From Over, Wall Street Analyst Warns As Housing Market Weakens

Zillow Group, Inc. (NASDAQ:Z) stock traded sharply lower Thursday after the real estate technology company reported weaker-than-expected third-quarter results and lowered its full-year revenue outlook.

Filtered for Zillow Group, Inc. Class CMore Headlines
04

Compare before deciding

Benchmark Z against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Zillow Group, Inc. Class C (Z)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
Z logoZZillow Group, Inc. Class CCurrent
$29.55$7.1B-58.9215.52%-3.95%-2.54%—
OPEN logoOPENOpendoor Technologies Inc.
$1.40$1.35B-0.81-15.18%-49.06%-190.36%—
COMP logoCOMPCompass, Inc.
$10.21$6.21B66.0023.67%1.06%5.47%—
MOVE logoMOVECorvex, Inc.
$5.01$12.56M-0.45-57.26%-623.49%-9.67%—
CSGP logoCSGPCoStar Group, Inc.
$30.55$12.38B68.5918.67%4.87%2.23%—
UWMC logoUWMCUWM Holdings Corporation
$1.52$236.43M26.5785.84%0.67%1.12%100%

Compare Z vs Peers

Zillow Group, Inc. Class C (Z) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OPEN

Most directly comparable listed peer for Z.

Scale Benchmark

vs ABNB

Larger-name benchmark to compare Z against a more recognizable public peer.

Peer Set

Compare Top 5

vs OPEN, COMP, MOVE, CSGP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

Z SEC Filings & Documents

Zillow Group, Inc. Class C (Z) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Nov 4, 2026·SEC

Material company update

Oct 28, 2026·SEC

Material company update

Aug 5, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 11, 2026·SEC

10-Q Quarterly Reports

6
FY 2026

Nov 4, 2026·SEC

FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

Get notified when Z posts new earnings or crosses analyst targets

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Z Frequently Asked Questions

Zillow Group, Inc. Class C (Z) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Zillow Group, Inc. Class C's revenue?

Zillow Group, Inc. Class C (Z) reported $2.86B in revenue over the trailing twelve months. Revenue was $2.58B in fiscal year 2025. That is 14668% more than the $17.5M of fiscal year 2009.

How fast is Zillow Group, Inc. Class C growing?

Zillow Group, Inc. Class C (Z) grew revenue by 15.1% over the trailing twelve months, compared with the twelve months before.

Is Z profitable?

No. Zillow Group, Inc. Class C (Z) reported a net loss of $113.0M over the trailing twelve months.

Dividend & Returns
What is Z's return on equity?

Zillow Group, Inc. Class C (Z) had a return on equity (ROE) of -2.5% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Zillow Group, Inc. Class C's free cash flow?

Zillow Group, Inc. Class C (Z) generated $320.0M in free cash flow over the trailing twelve months.

What if you invested $1,000 in Z back in 2009?

Total return calculator · dividends reinvested · 17+ years of data

See returns →