ZILLOW GROUP financials
$28.01−0.50%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.24B | $1.95B | $1.96B | $2.13B | $1.62B | $2.74B | $1.33B | $1.08B | $846.6M |
| Gross profit | $1.92B | $1.71B | $1.52B | $1.59B | $1.81B | $1.37B | $1.20B | $1.18B | $991.6M | $777.3M |
| Gross margin | 74.1% | 76.4% | 78.4% | 81.3% | 84.8% | 84.3% | 43.7% | 88.5% | 92.1% | 91.8% |
| Operating income | -$34.0M | -$197.0M | -$270.0M | -$93.0M | $248.0M | $109.0M | -$247.5M | -$129.0M | -$161.9M | -$194.1M |
| Net income | $23.0M | -$112.0M | -$158.0M | -$101.0M | -$528.0M | -$162.0M | -$305.4M | -$119.9M | -$94.4M | -$220.4M |
| Net margin | 0.9% | −5.0% | −8.1% | −5.2% | −24.8% | −10.0% | −11.1% | −9.0% | −8.8% | −26.0% |
| Diluted EPS | $0.09 | $-0.48 | $-0.68 | $-0.42 | $-2.02 | $-0.70 | $-1.48 | $-0.61 | $-0.51 | $-1.22 |
| EBITDA | $253.0M | $69.0M | -$39.0M | $118.0M | $454.0M | $358.0M | -$100.9M | $87.7M | $129.8M | -$90.4M |
| Operating cash flow | $368.0M | $428.0M | $354.0M | $4.50B | -$3.18B | $423.0M | -$612.2M | $3.9M | $258.2M | $8.6M |
| Free cash flow | $235.0M | $285.0M | $219.0M | $4.39B | -$3.25B | $338.0M | -$679.2M | -$62.2M | $191.5M | -$53.4M |
| Diluted shares | 254.1M | 234.1M | 233.6M | 242.2M | 261.8M | 231.4M | 206.4M | 197.9M | 186.5M | 180.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $768.0M | $1.08B | $1.49B | $1.47B | $2.31B | $1.70B |
| Short-term investments | $527.0M | $776.0M | $1.32B | $1.90B | $514.0M | $2.22B |
| Total debt | $364.0M | $563.0M | $1.70B | $1.70B | $1.43B | $2.28B |
| Total assets | $5.68B | $5.83B | $6.65B | $6.56B | $10.70B | $7.49B |
| Total liabilities | $801.0M | $981.0M | $2.13B | $2.08B | $5.35B | $2.74B |
| Shareholders' equity | $4.88B | $4.85B | $4.53B | $4.48B | $5.34B | $4.74B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology