Zillow Group, Inc. Class A (ZG) Revenue History
Annual and quarterly revenue from 2008 to present
ZG Revenue Over Time (2008–2025)
ZG Revenue Growth History
14 of 17 years with positive growth- FY2008 revenue growth
- N/A
- FY2009 revenue growth
- +65.0%
- FY2010 revenue growth
- +74.2%
- FY2011 revenue growth
- +116.8%
- FY2012 revenue growth
- +76.9%
- FY2013 revenue growth
- +69.1%
- FY2014 revenue growth
- +65.0%
- FY2015 revenue growth
- +97.8%
- FY2016 revenue growth
- +31.3%
- FY2017 revenue growth
- +27.2%
- FY2018 revenue growth
- +23.8%
- FY2019 revenue growth
- +105.7%
- FY2020 revenue growth
- -40.8%
- FY2021 revenue growth
- +31.3%
- FY2022 revenue growth
- -8.2%
- FY2023 revenue growth
- -0.7%
- FY2024 revenue growth
- +15.0%
- FY2025 revenue growth
- +15.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $708.0M | +18.4% |
| Q4 2025 | $654.0M | +18.1% |
| Q3 2025 | $676.0M | +16.4% |
| Q2 2025 | $655.0M | +14.5% |
| Q1 2025 | $598.0M | +13.0% |
| Q4 2024 | $554.0M | +16.9% |
| Q3 2024 | $581.0M | +17.1% |
| Q2 2024 | $572.0M | +13.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ZG's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
ZG Revenue Analysis (2008–2025)
Current Revenue & Growth
As of June 21, 2026, Zillow Group, Inc. Class A (ZG) generated trailing twelve-month (TTM) revenue of $2.69 billion, reflecting strong growth of +18.4% year-over-year. The most recent quarter (Q1 2026) recorded $708.0 million in revenue, up 8.3% sequentially.
Historical Growth Trajectory
ZG's 5-year compound annual growth rate (CAGR) stands at +9.7%, indicating steady revenue expansion. The 3-year CAGR of +9.7% is in line with the 5-year average, suggesting consistent growth. Zillow Group, Inc. Class A's highest annual revenue of $2.74 billion was recorded in 2019.
Revenue by Segment
ZG's revenue is primarily driven by Sales Revenue (45%), Residential Revenue (40%), and Rental Revenue (15%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Communication Services sector peers — including OPEN (-23.2% YoY), COMP (+40.1% YoY), and HOUS (+5.3% YoY) — ZG has underperformed the peer group in revenue growth. Compare ZG vs OPEN →
ZG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZGCurrent | $2.7B | +18.4% | +9.7% | -1.2% | |
 OPEN | $4.4B | -23.2% | +11.1% | -6.2% | |
 COMP | $7.0B | +40.1% | +13.3% | -0.4% | |
 HOUS | $5.7B | +5.3% | -0.6% | 1.1% | |
 EXPI | $4.8B | +5.3% | +21.6% | -0.4% | |
 MOVE | $433,000 | +100.8% | - | -3580.4% |
ZG Historical Revenue Data (2008–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.58B | +15.5% | $1.92B | 74.1% | $-32,000,000 | -1.2% |
| 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% |
| 2015 | $644.7M | +97.8% | $583.1M | 90.4% | $-149,531,000 | -23.2% |
| 2014 | $325.9M | +65.0% | $296.4M | 91.0% | $-44,695,000 | -13.7% |
| 2013 | $197.5M | +69.1% | $178.7M | 90.5% | $-16,949,000 | -8.6% |
| 2012 | $116.8M | +76.9% | $102.8M | 88.0% | $5.8M | 5.0% |
| 2011 | $66.1M | +116.8% | $55.5M | 84.0% | $997K | 1.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
18+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ZG — Frequently Asked Questions
Quick answers to the most common questions about buying ZG stock.
Is ZG's revenue growth accelerating or slowing?
ZG revenue growth is accelerating. TTM revenue reached $2.7B, up +18.4% year-over-year — ahead of the 5-year CAGR of +9.7%. This indicates the business is expanding faster than its historical baseline.
What is ZG's revenue history from 2008 to 2026?
Zillow Group, Inc. Class A (ZG) revenue history spans 2008 to 2026. TTM revenue as of 2026 is $2.7B, growing at +18.4% YoY. The 5-year CAGR is +9.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZG's long-term revenue growth rate (CAGR)?
Zillow Group, Inc. Class A's 5-year revenue CAGR of +9.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +18.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZG.
Why does ZG's quarterly revenue fluctuate?
ZG quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zillow Group, Inc. Class A's revenue data from 2008 to 2026 shows full historical quarterly detail on this page.
How is ZG's revenue distributed by segment?
ZG reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZG's revenue compare to industry peers?
Zillow Group, Inc. Class A (ZG) with TTM revenue of $2.7B and +18.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.