Last 48 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Zillow Group, Inc. Class A's quarterly P/E stands at 54.5x, down 89.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 11.0% YoY to 64.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 359.01 | 54.46 | 1433.40 | 477.18 | 2140.31 | 535.74 | — | — | — | — | — | — | — |
| — | -89.8% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 3.02 | 3.50 | 6.58 | 7.05 | 6.58 | 7.16 | 7.56 | 6.20 | 4.60 | 5.31 | 6.97 | 5.27 | 5.68 |
| — | -51.1% | -12.9% | +13.8% | +43.2% | +34.9% | +8.4% | +17.6% | -19.1% | -2.8% | +64.5% | +48.0% | +46.8% | |
| P/B Ratio | 1.69 | 2.25 | 3.53 | 3.82 | 3.63 | 3.60 | 3.45 | 3.09 | 2.34 | 2.41 | 2.92 | 2.31 | 2.56 |
| — | -37.5% | +2.1% | +23.5% | +55.5% | +49.6% | +18.3% | +34.0% | -8.8% | +6.2% | +77.5% | +54.2% | +53.3% | |
| P/FCF | 33.22 | 15.12 | 84.41 | 65.32 | 100.21 | 62.97 | 51.68 | 27.48 | 238.97 | 82.59 | 71.82 | 76.83 | 51.31 |
| — | -76.0% | +63.3% | +137.7% | -58.1% | -23.8% | -28.0% | -64.2% | +365.7% | +70.9% | +87.0% | +490.2% | +2084.6% | |
| EV / EBITDA | 29.00 | 64.83 | 69.60 | 64.76 | 73.18 | 72.85 | — | 181.15 | 99.47 | 153.18 | — | 1313.16 | — |
| — | -11.0% | — | -64.3% | -26.4% | -52.4% | — | -86.2% | — | -94.3% | — | — | — | |
| EV / EBIT | — | 64.83 | — | 310.83 | 606.34 | 325.04 | — | — | — | — | — | — | — |
| — | -80.1% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Zillow Group, Inc. Class A's operating margin was 5.1% in Q1 2026, up 6.8 pp QoQ and up 6.6 pp YoY. The trailing four-quarter average of 0.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 4.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.1% | 73.3% | 72.8% | 72.6% | 74.7% | 76.8% | 75.8% | 75.9% | 77.3% | 76.7% | 75.7% | 77.8% | 79.4% |
| — | -4.5% | -4.0% | -4.3% | -3.4% | +0.0% | +0.1% | -2.5% | -2.7% | -4.5% | -4.8% | -4.6% | -1.6% | |
| Operating Margin | -1.2% | 5.1% | -1.7% | -0.4% | -1.7% | -1.5% | -12.5% | -7.7% | -6.6% | -8.5% | -22.2% | -10.7% | -13.2% |
| — | +437.9% | +86.5% | +94.3% | +74.7% | +82.3% | +43.8% | +27.5% | +49.8% | +11.3% | -32.0% | -1.2% | -1434.7% | |
| Net Margin | 0.9% | 6.5% | 0.5% | 1.5% | 0.3% | 1.3% | -9.4% | -3.4% | -3.0% | -4.3% | -15.4% | -5.6% | -6.9% |
| — | +385.7% | +104.9% | +143.0% | +110.3% | +130.8% | +39.1% | +39.0% | +57.0% | +7.3% | +7.0% | +48.6% | -535.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 1.0% | 0.1% | 0.2% | 0.0% | 0.2% | -1.1% | -0.4% | -0.4% | -0.5% | -1.6% | -0.6% | -0.8% |
| — | +494.3% | +105.6% | +147.0% | +111.4% | +133.3% | +32.1% | +29.7% | +52.3% | -2.4% | -1.6% | +45.7% | -559.9% | |
| ROA | 0.4% | 0.8% | 0.1% | 0.2% | 0.0% | 0.1% | -0.9% | -0.3% | -0.3% | -0.3% | -1.1% | -0.4% | -0.5% |
| — | +510.1% | +106.1% | +157.5% | +114.2% | +140.5% | +20.9% | +25.9% | +52.2% | -2.2% | -1.2% | +46.3% | -582.7% | |
| ROIC | -0.5% | 0.6% | -0.2% | -0.0% | -0.2% | -0.2% | -1.1% | -0.7% | -0.6% | -0.7% | -1.7% | -0.8% | -1.0% |
| — | +522.7% | +84.1% | +92.7% | +67.3% | +77.8% | +32.3% | +19.3% | +45.5% | -0.8% | -47.1% | +0.2% | -1371.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Zillow Group, Inc. Class A's Debt/EBITDA ratio is 2.6x, down from 8.8x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 6.9% YoY to 2.29x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.02 | 0.11 | 0.09 | 0.07 | 0.14 | 0.14 | 0.25 | 0.40 | 0.40 | 0.40 | 0.42 | 0.42 |
| — | -85.2% | -19.4% | -64.0% | -82.8% | -63.6% | -66.4% | -40.5% | -4.3% | -3.8% | -9.6% | -4.3% | +3.7% | |
| Debt / EBITDA | 2.05 | 2.61 | 8.79 | 6.24 | 5.66 | 11.84 | — | 58.20 | 64.61 | 97.42 | — | 951.00 | — |
| — | -78.0% | — | -89.3% | -91.2% | -87.8% | — | -93.9% | — | -94.8% | — | — | — | |
| Current Ratio | 3.13 | 2.29 | 3.13 | 3.63 | 3.34 | 2.46 | 2.81 | 3.13 | 2.12 | 3.32 | 3.24 | 3.84 | 10.90 |
| — | -6.9% | +11.3% | +16.1% | +57.5% | -25.8% | -13.4% | -18.6% | -80.6% | -73.9% | -75.7% | -68.2% | -13.8% | |
| Quick Ratio | 3.13 | 2.29 | 3.13 | 3.63 | 3.34 | 2.46 | 2.81 | 3.13 | 2.12 | 3.32 | 3.25 | 3.73 | 10.90 |
| — | -6.9% | +11.3% | +16.1% | +57.3% | -25.9% | -13.5% | -16.3% | -80.6% | -73.8% | -75.7% | -69.1% | -13.2% | |
| Interest Coverage | -1.78 | 9.00 | -2.20 | 5.00 | 1.40 | 2.60 | -5.38 | -1.22 | -0.50 | -1.33 | -6.78 | -2.11 | -2.78 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ZG stock.
Zillow Group, Inc. Class A's current P/E is 359.0x. The average P/E over the last 4 quarters is 1026.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Zillow Group, Inc. Class A's current operating margin is -1.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Zillow Group, Inc. Class A's business trajectory between earnings reports.