Zillow Group, Inc. Class C (Z) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
Z's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
Z Revenue Analysis (2014–2025)
As of March 2, 2026, Zillow Group, Inc. Class C (Z) generated trailing twelve-month (TTM) revenue of $2.48 billion, reflecting strong growth of +16.4% year-over-year. The most recent quarter (Q3 2025) recorded $676.0 million in revenue, up 3.2% sequentially.
Looking at the longer-term picture, Z's 5-year compound annual growth rate (CAGR) stands at +9.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.74 billion in 2019.
Revenue diversification analysis shows Z's business is primarily driven by Sales Revenue (45%), Residential Revenue (40%), and Rental Revenue (15%).
When compared to Communication Services sector peers including ZG (+15.5% YoY), ATHM (-5.6% YoY), and SSTK (+5.8% YoY), Z has outperformed the peer group in terms of revenue growth. Compare Z vs ZG →
Peer Comparison
Compare Z's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZCurrent | $2.5B | +16.4% | +9.7% | -1.3% | |
| ZG | $2.6B | +15.5% | +9.7% | -1.3% | |
| ATHM | $7.0B | -5.6% | -3.5% | 14.3% | |
| SSTK | $990M | +5.8% | +8.2% | 11.1% | |
| GRPN | $493M | -0.8% | -26.0% | 1.8% | |
| TC | $49M | -67.7% | -40.2% | -182.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.58B | +15.5% | $1.92B | 74.1% | $-34,000,000 | -1.3% |
| 2024 | $2.24B | +15.0% | $1.71B | 76.4% | $-197,000,000 | -8.8% |
| 2023 | $1.95B | -0.7% | $1.52B | 78.4% | $-270,000,000 | -13.9% |
| 2022 | $1.96B | -8.2% | $1.59B | 81.3% | $-93,000,000 | -4.7% |
| 2021 | $2.13B | +31.3% | $1.81B | 84.8% | $239.0M | 11.2% |
| 2020 | $1.62B | -40.8% | $1.37B | 84.3% | $161.0M | 9.9% |
| 2019 | $2.74B | +105.7% | $1.31B | 47.8% | $-246,835,000 | -9.0% |
| 2018 | $1.33B | +23.8% | $1.18B | 88.5% | $-128,975,000 | -9.7% |
| 2017 | $1.08B | +27.2% | $991.6M | 92.1% | $-161,874,000 | -15.0% |
| 2016 | $846.6M | +31.3% | $775.0M | 91.5% | $-192,854,000 | -22.8% |
Frequently Asked Questions
Is Z's revenue growth accelerating or slowing?
Z revenue is accelerating at +16.4% year-over-year, exceeding the 5-year CAGR of +9.7%. TTM revenue reached $2.5B. Growth momentum has increased versus prior periods.
What is Z's long-term revenue growth rate?
Zillow Group, Inc. Class C's 5-year revenue CAGR of +9.7% reflects the sustained expansion pattern. Current YoY growth of +16.4% is above this long-term average.
How is Z's revenue distributed by segment?
Z reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.