PRNewsWire·15h ago
Zillow Group to Announce Second-Quarter 2026 Results Aug. 5Conference call to be webcast live at 2 p.m. PT / 5 p.m.
Zillow Group, Inc. Class C(Z)Earnings, Financials & Key Ratios
Z•NASDAQ
$32.78
362.2× P/E·Price updated Jul 7, 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$261M+392.5%
- Net Income$23M+120.5%
- EPS (Diluted)0.09+118.9%
- Gross Margin74.14%-3.0%
- EBITDA Margin10.1%+326.3%
- Operating Margin-1.24%+85.9%
- Net Margin0.89%+117.8%
- ROE0.47%+119.8%
Z Price & Volume
Zillow Group, Inc. Class C (Z) stock price & volume — 10-year historical chart
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Digital Marketplace Growth Faces Regulatory Margin Headwinds
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Improving
Primary Risk:Regulatory Commission Structure Changes
Key Thesis Takeaways
- Zillow is successfully decoupling from broader housing market declines, evidenced by an 18.4% year-over-year revenue growth in 2026Q1, yet the company struggles to translate this into consistent profitability due to persistent SG&A expenses often exceeding $300 million per quarter.
- While the balance sheet has been significantly de-risked through a reduction in total debt from $1.9 billion in 2024Q1 to $94 million in 2026Q1, the long-term outlook remains clouded by potential NAR commission rule changes that threaten the core Premier Agent revenue stream.
- Investors should monitor whether the company can achieve sustainable operating leverage as it pivots toward its Housing Super App model while managing a $1.8 billion accumulated deficit.
Verdict Logic
while the company has successfully reduced debt to $94 million, the forward P/E of 13.68 and ongoing regulatory risks to the Premier Agent model warrant a cautious approach until consistent operating profitability is demonstrated.
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%
TTM16.83%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM175.31%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM171.69%
Return on Capital
10 Years-2.45%
5 Years-1.34%
3 Years-2.95%
Last Year-0.64%
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%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.53+23.3%
$0.43
Rev
$708M+0.4%
$705M
Q1 2026
Feb 10, 2026Metric
Actual
Est
EPS
$0.39-7.1%
$0.42
Rev
$654M+0.5%
$650M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.44+2.8%
$0.43
Rev
$676M+0.8%
$671M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.40-5.6%
$0.42
Rev
$655M+1.1%
$648M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.53vs $0.43+23.3% | $708Mvs $705M+0.4% |
| Q1 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Latest Z News
Recent stock market news and headlines for Zillow Group, Inc. Class C (Z)
GlobeNewsWire·18h ago
ZILLOW STOCKHOLDER REMINDER: Bragar Eagel & Squire, P.C. Reminds Zillow Group, Inc. Investors of the August 10th Lead Plaintiff Deadline and Urges Investors to Contact the FirmBragar Eagel & Squire, P.C. Litigation Partners Brandon Walker and Melissa Fortunato Encourage Investors Who Suffered Losses In Zillow (Z) To Contact Them Directly To Discuss Their Options
Peers Comparison
Key metrics vs top competitors for Zillow Group, Inc. Class C (Z)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $32.78 | $7.88B | 362.21 | 15.52% | 0.89% | 0.47% | — | |
| $4.79 | $3.67B | -2.82 | -15.18% | -35.25% | -163.25% | — | |
| $17.64 | $1.98B | -15.34 | 0.99% | -2.18% | -8.37% | — | |
| $4.73 | $753.34M | -33.79 | 4.48% | -0.35% | -7.05% | — | |
| $11.88 | $7.23B | -118.80 | 23.67% | 0.17% | 1.11% | — | |
| $16.67 | $27.15B | -61.74 | -57.26% | -2470.56% | -12.72% | — |
Compare Z vs Peers
Zillow Group, Inc. Class C (Z) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Z SEC Filings & Documents
Zillow Group, Inc. Class C (Z) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 6, 2026·SEC
Material company update
Mar 5, 2026·SEC
Material company update
Feb 10, 2026·SEC
10-K Annual Reports
1FY 2026
Feb 11, 2026·SEC
10-Q Quarterly Reports
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Z Frequently Asked Questions
Zillow Group, Inc. Class C (Z) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Zillow Group, Inc. Class C's revenue?
Zillow Group, Inc. Class C (Z) reported $2.69B in revenue for fiscal year 2025. This represents a 15296% increase from $17.5M in 2009.
How fast is Zillow Group, Inc. Class C growing?
Zillow Group, Inc. Class C (Z) grew revenue by 15.5% over the past year. This is strong growth.
Is Z profitable?
Yes, Zillow Group, Inc. Class C (Z) is profitable, generating $61.0M in net income for fiscal year 2025 (0.9% net margin).
Dividend & Returns
What is Z's return on equity?
Zillow Group, Inc. Class C (Z) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
What is Zillow Group, Inc. Class C's free cash flow?
Zillow Group, Inc. Class C (Z) generated $431.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.