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Zillow Group, Inc. Class C(Z)Earnings, Financials & Key Ratios
Z•NASDAQ
$43.54
$10.47B mkt cap·483.8× P/E·Price updated May 6, 2026
SectorCommunication ServicesIndustryInternet ServicesSub-IndustryOnline Marketplaces and Classifieds
AboutZillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT segment offers premier agent, rentals, and new construction marketplaces, as well as dotloop, display, and other advertising, as well as business software solutions. The Mortgage segment provides home loans; and marketing products including custom quote and connect services. Its portfolio of brands includes Zillow Rentals, Trulia, StreetEasy, Zillow Closing Services, HotPads, and Out East. The company was incorporated in 2004 and is headquartered in Seattle, Washington.Show more
- Revenue$2.58B+15.5%
- EBITDA-$34M-164.2%
- Net Income$23M+120.5%
- EPS (Diluted)0.09+118.8%
- Gross Margin74.14%-3.0%
- EBITDA Margin-1.32%-155.5%
- Operating Margin-1.32%+85.1%
- Net Margin0.89%+117.8%
- ROE0.47%+119.8%
- ROIC-0.59%+81.4%
- Debt/Equity0.02-86.0%
Z Key Insights
Zillow Group, Inc. Class C (Z) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak momentum: RS Rating 16 (bottom 16%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Z Price & Volume
Zillow Group, Inc. Class C (Z) stock price & volume — 10-year historical chart
Loading chart...
Z Growth Metrics
Zillow Group, Inc. Class C (Z) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.89%
5 Years9.73%
3 Years9.67%
TTM15.17%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM75.94%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM75.04%
Return on Capital
10 Years-2.45%
5 Years-1.35%
3 Years-2.96%
Last Year-0.68%
Z Recent Earnings
Zillow Group, Inc. Class C (Z) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 12/12 qtrs (100%)
Q1 2026Latest
Feb 10, 2026EPS
$0.39
Est $0.42
-7.1%
Revenue
$654M
Est $650M
+0.5%
Q4 2025
Oct 30, 2025EPS
$0.44
Est $0.43
+2.8%
Revenue
$676M
Est $671M
+0.8%
Q3 2025
Aug 6, 2025EPS
$0.40
Est $0.42
-5.6%
Revenue
$655M
Est $648M
+1.1%
Q2 2025
May 7, 2025EPS
$0.41
Est $0.37
+10.9%
Revenue
$598M
Est $589M
+1.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 10, 2026 | $0.39vs $0.42-7.1% | $654Mvs $650M+0.5% |
| Q4 2025 | Oct 30, 2025 | $0.44vs $0.43+2.8% | $676Mvs $671M+0.8% |
| Q3 2025 | Aug 6, 2025 | $0.40vs $0.42-5.6% | $655Mvs $648M+1.1% |
| Q2 2025 | May 7, 2025 | $0.41vs $0.37+10.9% | $598Mvs $589M+1.5% |
Based on last 12 quarters of dataView full earnings history →
Z Peer Comparison
Zillow Group, Inc. Class C (Z) competitors in Online Marketplaces and Classifieds — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 OPEN | 4.99B | 5.23 | -3.08 | -15.18% | -29.74% | -129.35% | 20.79% | 0.19 |
 HOUS | 1.98B | 17.64 | -15.34 | 0.99% | -2.18% | -8.42% | 1.31% | 1.95 |
 EXPI | 1.01B | 6.28 | -44.86 | 4.48% | -0.48% | -9.36% | 10.78% | |
 COMP | 4.08B | 7.26 | -72.60 | 23.67% | 0.17% | 1.11% | 4.98% | 0.58 |
 MOVE | 815.56M | 13.54 | -34.72 | -34.1% | -439.23% | 0.03 | ||
 CSGP | 14.79B | 34.90 | 2102.41 | 18.67% | 0.74% | 0.3% | 0.28% | 0.14 |
 UWMC | 724.07M | 3.43 | 28.54 | 65.83% | 0.87% | 0.92% | ||
 RKT | 1.99B | 14.09 | 67.10 | 34.84% | 0.54% | -1.15% | 1.55 |
Compare Z vs Peers
Zillow Group, Inc. Class C (Z) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Z Income Statement
Zillow Group, Inc. Class C (Z) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.08B | 1.33B | 2.74B | 1.62B | 2.13B | 1.96B | 1.95B | 2.24B | 2.58B | 2.48B |
| Revenue Growth % | 27.19% | 23.84% | 105.68% | -40.79% | 31.28% | -8.16% | -0.66% | 14.96% | 15.52% | 15.17% |
| Cost of Goods Sold | 85.2M | 153.59M | 1.43B | 255M | 323M | 367M | 421M | 527M | 668M | 624M |
| 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% | 1.86B▲ 0% |
| Gross Margin % | 92.09% | 88.48% | 47.79% | 84.3% | 84.85% | 81.26% | 78.35% | 76.43% | 74.14% | 74.87% |
| 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 | 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 | 1.35B |
| 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 | 602M |
| 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 | 1000K |
| 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% | -92M▲ 0% |
| Operating Margin % | -15.03% | -9.67% | -9% | 9.91% | 11.21% | -4.75% | -13.88% | -8.81% | -1.32% | -3.71% |
| 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 | -27M | 53M | -34M | 187M |
| EBITDA Margin % | -4.8% | -2.22% | -4.97% | 15.21% | 18.39% | 4.44% | -1.39% | 2.37% | -1.32% | 7.53% |
| EBITDA Growth % | 43.94% | 42.8% | -360.47% | 281.32% | 58.7% | -77.81% | -131.03% | 296.3% | -164.15% | 405.41% |
| D&A (Non-Cash Add-back) | 110.16M | 99.39M | 110.61M | 86M | 153M | 180M | 243M | 250M | 0 | 279M |
| EBIT | -156.49M | -109.7M | -207.83M | 186M | 229M | -50M | -118M | -71M | 0 | -8M |
| Net Interest Income | -27.52M | -41.26M | -101.79M | -155.23M | -128M | -35M | -36M | -36M | 0 | -21M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 27.52M | 41.26M | 101.79M | 155.23M | 128M | 35M | 36M | 36M | -18M | 21M |
| Other Income/Expense | -22.13M | -21.98M | -62.78M | -164M | -138M | 8M | 116M | 90M | 59M | 63M |
| 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% | -29M▲ 0% |
| Pretax Margin % | -17.09% | -11.32% | -11.29% | -0.18% | 4.74% | -4.34% | -7.92% | -4.79% | 0.97% | -1.17% |
| Income Tax | -89.59M | -31.1M | -4.26M | -8M | -1M | 3M | 4M | 5M | -2M | 3M |
| Effective Tax Rate % | 48.69% | 20.6% | 1.38% | 266.67% | -0.99% | -3.53% | -2.6% | -4.67% | -8% | -10.34% |
| 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% | -32M▲ 0% |
| Net Margin % | -8.77% | -8.99% | -11.13% | -9.98% | -24.77% | -5.16% | -8.12% | -5.01% | 0.89% | -1.29% |
| Net Income Growth % | 57.17% | -26.94% | -154.77% | 46.95% | -225.93% | 80.87% | -56.44% | 29.11% | 120.54% | 75.94% |
| Net Income (Continuing) | -94.42M | -119.86M | -305.36M | 5M | 102M | -88M | -158M | -112M | 0 | -32M |
| Discontinued Operations | 0 | 0 | 0 | -167M | -630M | -13M | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 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% | -0.12▲ 0% |
| EPS Growth % | 58.2% | -19.61% | -142.62% | 51.35% | -193.06% | 80.09% | -61.9% | 29.41% | 118.75% | 75.04% |
| 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 | 256.24M |
| Basic Shares Outstanding | 186.45M | 197.94M | 206.38M | 223.85M | 249.94M | 242.16M | 233.57M | 234.08M | 241.93M | 242.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Z Balance Sheet
Zillow Group, Inc. Class C (Z) 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 841.52M | 1.89B | 3.51B | 4.96B | 7.68B | 3.6B | 3.15B | 2.33B | 2.12B | 2.12B |
| Cash & Short-Term Investments | 762.54M | 1.55B | 2.42B | 3.92B | 2.83B | 3.36B | 2.81B | 1.86B | 1.29B | 1.39B |
| Cash Only | 352.1M | 651.06M | 1.14B | 1.7B | 2.31B | 1.47B | 1.49B | 1.08B | 768M | 874M |
| Short-Term Investments | 410.44M | 903.87M | 1.28B | 2.22B | 514M | 1.9B | 1.32B | 776M | 527M | 515M |
| Accounts Receivable | 54.4M | 66.08M | 67M | 69.94M | 77M | 72M | 96M | 104M | 176M | 157M |
| Days Sales Outstanding | 18.44 | 18.09 | 8.92 | 15.72 | 13.18 | 13.42 | 18.02 | 16.98 | 24.87 | 19.37 |
| Inventory | 0 | 162.83M | 836.63M | 491.29M | 3.91B | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | 386.96 | 213.24 | 703.22 | 4.42K | - | - | - | - | - |
| Other Current Assets | 24.59M | 47.79M | 126.15M | 406.56M | 707.78M | 169M | 243M | 372M | 651M | 296M |
| Total Non-Current Assets | 2.39B | 2.4B | 2.62B | 2.52B | 3.02B | 2.96B | 3.5B | 3.5B | 3.56B | 3.58B |
| Property, Plant & Equipment | 112.27M | 135.17M | 382.64M | 384.11M | 345M | 397M | 125.92M | 103.22M | 406M | 429M |
| Fixed Asset Turnover | 9.59x | 9.87x | 7.17x | 4.23x | 6.18x | 4.93x | 15.45x | 21.66x | 6.36x | 13.68x |
| Goodwill | 1.93B | 1.98B | 1.98B | 1.98B | 2.37B | 2.37B | 2.82B | 2.82B | 2.82B | 2.82B |
| Intangible Assets | 319.71M | 215.9M | 190.57M | 94.77M | 176M | 154M | 516.08M | 522.78M | 279M | 273M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 25.93M | 62.44M | 63.7M | 57.89M | 120M | 35M | 44M | 46M | 55M | 203M |
| 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% | 5.7B▲ 0% |
| Asset Turnover | 0.33x | 0.31x | 0.45x | 0.22x | 0.20x | 0.30x | 0.29x | 0.38x | 0.45x | 0.44x |
| Asset Growth % | 2.57% | 32.83% | 42.9% | 22.09% | 42.86% | -38.63% | 1.36% | -12.37% | -2.47% | -53.93% |
| Total Current Liabilities | 118.39M | 287.5M | 920.52M | 908.64M | 3.88B | 270M | 971M | 831M | 679M | 584M |
| Accounts Payable | 3.59M | 7.47M | 8.34M | 18.97M | 11M | 20M | 28M | 30M | 36M | 38M |
| Days Payables Outstanding | 15.37 | 17.75 | 2.13 | 27.16 | 12.43 | 19.89 | 24.28 | 20.78 | 19.67 | 23.25 |
| Short-Term Debt | 0 | 149.72M | 731.59M | 670.21M | 113M | 37M | 700M | 563M | 14M | 272M |
| Deferred Revenue (Current) | 34.32M | 35.82M | 39.75M | 48.99M | 51M | 44M | 52M | 62M | 69M | 271M |
| Other Current Liabilities | 19.11M | 31.39M | 37.8M | 47.67M | 3.59B | 48M | 77M | 90M | 596M | -59M |
| Current Ratio | 7.11x | 6.58x | 3.81x | 5.46x | 1.98x | 13.34x | 3.24x | 2.81x | 3.13x | 3.13x |
| Quick Ratio | 7.11x | 6.02x | 2.90x | 4.92x | 0.97x | 13.34x | 3.24x | 2.81x | 3.13x | 3.13x |
| Cash Conversion Cycle | - | 387.29 | 220.03 | 691.78 | 4.42K | - | - | - | - | -3.88 |
| Total Non-Current Liabilities | 451.31M | 736.44M | 1.78B | 1.84B | 1.47B | 1.81B | 1.16B | 150M | 122M | 122M |
| Long-Term Debt | 385.42M | 699.02M | 1.54B | 1.61B | 1.32B | 1.66B | 1B | 83M | 79M | 82M |
| Capital Lease Obligations | 0 | 0 | 220.44M | 207.72M | 148M | 139M | 95M | 83M | 0 | 331M |
| Deferred Tax Liabilities | 44.56M | 17.47M | 12.19M | 14.86M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 5M | 12M | 60M | 67M | 43M | 100M |
| Total Liabilities | 569.69M | 1.02B | 2.7B | 2.74B | 5.35B | 2.08B | 2.13B | 981M | 801M | 706M |
| Total Debt | 385.42M | 848.74M | 2.51B | 2.52B | 1.6B | 1.87B | 1.83B | 660M | 93M | 449M |
| Net Debt | 33.32M | 197.68M | 1.37B | 816.63M | -711M | 401M | 340M | -422M | -675M | -507M |
| Debt / Equity | 0.14x | 0.26x | 0.73x | 0.53x | 0.30x | 0.42x | 0.40x | 0.14x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | 10.20x | 4.09x | 21.46x | - | 12.45x | - | 2.40x |
| Net Debt / EBITDA | - | - | - | 3.31x | -1.81x | 4.61x | - | -7.96x | - | -2.71x |
| Interest Coverage | -5.88x | -3.13x | -2.42x | 1.04x | 1.87x | -2.66x | -7.50x | -5.47x | - | -0.38x |
| 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% | 4.99B▲ 0% |
| Equity Growth % | 5.02% | 22.79% | 5.15% | 38.03% | 12.64% | -16.08% | 0.98% | 7.11% | 0.74% | 21.68% |
| Book Value per Share | 14.27 | 16.51 | 16.65 | 21.18 | 21.37 | 18.51 | 19.38 | 20.71 | 19.22 | 19.48 |
| Total Shareholders' Equity | 2.66B | 3.27B | 3.44B | 4.74B | 5.34B | 4.48B | 4.53B | 4.85B | 4.88B | 4.99B |
| Common Stock | 20K | 21K | 21K | 24K | 25K | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -592.24M | -671.78M | -977.14M | -1.14B | -1.67B | -1.61B | -1.77B | -1.88B | -1.86B | -1.86B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.1M | -905K | 340K | 164K | 7M | -15M | -5M | -3M | 2M | 2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Z Cash Flow Statement
Zillow Group, Inc. Class C (Z) 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 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 258.19M | 3.85M | -612.17M | 424.2M | -3.18B | 4.5B | 354M | 428M | 368M | 368M |
| Operating CF Margin % | 23.98% | 0.29% | -22.32% | 26.12% | -149.02% | 230.03% | 18.2% | 19.14% | 14.25% | - |
| Operating CF Growth % | 2886.59% | -98.51% | -16000.62% | 169.29% | -848.94% | 241.77% | -92.14% | 20.9% | -14.02% | 91.45% |
| Net Income | -94.42M | -119.86M | -305.36M | -162.12M | -528M | -101M | -158M | -112M | 23M | -32M |
| Depreciation & Amortization | 110.16M | 99.39M | 110.61M | 134.37M | 153M | 180M | 222M | 250M | 272M | 269M |
| Stock-Based Compensation | 113.57M | 149.08M | 198.9M | 197.55M | 312M | 451M | 451M | 448M | 390M | 414M |
| Deferred Taxes | -89.59M | -31.1M | -4.26M | -7.52M | -2.75M | 0 | -20M | 0 | 0 | 0 |
| Other Non-Cash Items | 212.56M | 139.81M | 91.02M | 219.01M | 642.75M | 83M | 24M | 17M | -317M | 8M |
| Working Capital Changes | 5.92M | -233.48M | -703.09M | 42.91M | -3.75B | 3.89B | -165M | -175M | 0 | -241M |
| Change in Receivables | -21.2M | -12.56M | -3.69M | -5.58M | -82M | 82M | -24M | -8M | -45M | -40M |
| Change in Inventory | 29.81M | -162.83M | -673.8M | 345.28M | -3.83B | 3.9B | -127M | 0 | 0 | 0 |
| Change in Payables | -373K | 1.31M | -496K | 12.97M | 5M | 3M | 6M | 2M | 6M | -15M |
| Cash from Investing | -247.39M | -622.64M | -456.05M | -1.04B | 1.09B | -1.53B | 25M | 395M | -6M | 318M |
| Capital Expenditures | -78.64M | -78.53M | -67.04M | -108.52M | -74M | -115M | -135M | -143M | -133M | -139M |
| CapEx % of Revenue | 7.3% | 5.89% | 2.44% | 6.68% | 3.47% | 5.87% | 6.94% | 6.4% | 5.15% | - |
| Acquisitions | -10.95M | -55.14M | 0 | 23.58M | -497M | -4M | -433M | -7M | 0 | -7M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -169.13M | -501.45M | -19.59M | -23.58M | -31M | -25M | -30M | -28M | -134M | -130M |
| Cash from Financing | 97.71M | 930.14M | 1.64B | 1.16B | 3.15B | -4.34B | -352M | -1.23B | -674M | -932M |
| Debt Issued (Net) | 0 | 481.2M | 1.73B | 306.77M | 2.78B | -3.44B | 0 | -1.14B | 0 | -794M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | -1000K | 0 | -2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -365K | 0 | 0 | 0 | -302M | -947M | -424M | -301M | -670M | -438M |
| Other Financing | 97.71M | 88.59M | -94.22M | 444.02M | 127M | 46M | 72M | 212M | -674M | 162M |
| Net Change in Cash | 108.5M▲ 0% | 311.35M▲ 186.9% | 567.47M▲ 82.3% | 548.03M▼ 3.4% | 1.06B▲ 93.2% | -1.37B▼ 229.4% | 27M▲ 102.0% | -410M▼ 1618.5% | -312M▲ 23.9% | -196M▲ 0% |
| Free Cash Flow | 179.56M▲ 0% | -74.69M▼ 141.6% | -698.81M▼ 835.7% | 315.68M▲ 145.2% | -3.28B▼ 1139.7% | 4.36B▲ 233.0% | 189M▼ 95.7% | 285M▲ 50.8% | 235M▼ 17.5% | 264M▲ 0% |
| FCF Margin % | 16.68% | -5.6% | -25.48% | 19.44% | -153.94% | 222.88% | 9.72% | 12.75% | 9.1% | 10.63% |
| FCF Growth % | 384.66% | -141.59% | -835.68% | 145.17% | -1139.66% | 232.97% | -95.67% | 50.79% | -17.54% | 8.64% |
| FCF per Share | 0.96 | -0.38 | -3.39 | 1.41 | -13.13 | 18.02 | 0.81 | 1.22 | 0.92 | 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 | -8.25x |
| Interest Paid | 0 | 0 | 42.16M | 0 | 109M | 50M | 28M | 35M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 6M | 6M | 6M | 0 | 0 |
Z Key Ratios
Zillow Group, Inc. Class C (Z) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -3.64% | -4.04% | -9.11% | -3.96% | -10.47% | -2.06% | -3.51% | -2.39% | 0.47% | -0.64% |
| Return on Invested Capital (ROIC) | -4.54% | -3.14% | -4.48% | 2.33% | 3.52% | -1.47% | -4.15% | -3.18% | -0.59% | -0.59% |
| Gross Margin | 92.09% | 88.48% | 47.79% | 84.3% | 84.85% | 81.26% | 78.35% | 76.43% | 74.14% | 74.87% |
| Net Margin | -8.77% | -8.99% | -11.13% | -9.98% | -24.77% | -5.16% | -8.12% | -5.01% | 0.89% | -1.29% |
| Debt / Equity | 0.14x | 0.26x | 0.73x | 0.53x | 0.30x | 0.42x | 0.40x | 0.14x | 0.02x | 0.02x |
| Interest Coverage | -5.88x | -3.13x | -2.42x | 1.04x | 1.87x | -2.66x | -7.50x | -5.47x | - | -0.38x |
| FCF Conversion | -2.73x | -0.03x | 2.00x | -2.62x | 6.02x | -44.59x | -2.24x | -3.82x | 16.00x | -8.25x |
| Revenue Growth | 27.19% | 23.84% | 105.68% | -40.79% | 31.28% | -8.16% | -0.66% | 14.96% | 15.52% | 15.17% |
Z SEC Filings & Documents
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Z Frequently Asked Questions
Zillow Group, Inc. Class C (Z) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Zillow Group, Inc. Class C (Z) reported $2.48B in revenue for fiscal year 2025. This represents a 14096% increase from $17.5M in 2009.
Zillow Group, Inc. Class C (Z) grew revenue by 15.5% over the past year. This is strong growth.
Zillow Group, Inc. Class C (Z) reported a net loss of $32.0M for fiscal year 2025.
Dividend & Returns
Zillow Group, Inc. Class C (Z) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Zillow Group, Inc. Class C (Z) generated $264.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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