Zillow Group, Inc. Class C (Z) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 708M | 654M | 676M | 655M | 598M | 554M | 581M | 572M | 529M | 474M | 496M | 506M | 469M | 435M | 483M | 504M | 536M | 535M | 550M | 1.31B |
| Revenue Growth % | 18.39% | 18.05% | 16.35% | 14.51% | 13.04% | 16.88% | 17.14% | 13.04% | 12.79% | 8.97% | 2.69% | 0.4% | -12.5% | -18.69% | -12.18% | -61.53% | -55.99% | -32.19% | -16.25% | 70.49% |
| Cost of Goods Sold | 189M | 178M | 185M | 166M | 139M | 134M | 140M | 130M | 123M | 115M | 110M | 104M | 92M | 89M | 89M | 97M | 92M | 95M | 82M | 771.59M |
| COGS % of Revenue | 26.69% | 27.22% | 27.37% | 25.34% | 23.24% | 24.19% | 24.1% | 22.73% | 23.25% | 24.26% | 22.18% | 20.55% | 19.62% | 20.46% | 18.43% | 19.25% | 17.16% | 17.76% | 14.91% | 58.9% |
| Gross Profit | 519M | 476M | 491M | 489M | 459M | 420M | 441M | 442M | 406M | 359M | 386M | 402M | 377M | 346M | 394M | 407M | 444M | 440M | 468M | 538.39M |
| Gross Margin % | 73.31% | 72.78% | 72.63% | 74.66% | 76.76% | 75.81% | 75.9% | 77.27% | 76.75% | 75.74% | 77.82% | 79.45% | 80.38% | 79.54% | 81.57% | 80.75% | 82.84% | 82.24% | 85.09% | 41.1% |
| Gross Profit Growth % | 13.07% | 13.33% | 11.34% | 10.63% | 13.05% | 16.99% | 14.25% | 9.95% | 7.69% | 3.76% | -2.03% | -1.23% | -15.09% | -21.36% | -15.81% | -24.4% | -12.43% | -6.69% | 13.34% | 75.21% |
| Operating Expenses | 483M | 487M | 494M | 500M | 468M | 489M | 486M | 480M | 451M | 464M | 439M | 469M | 422M | 419M | 445M | 402M | 408M | 408M | 413M | 476M |
| OpEx % of Revenue | 68.22% | 74.46% | 73.08% | 76.34% | 78.26% | 88.27% | 83.65% | 83.92% | 85.26% | 97.89% | 88.51% | 92.69% | 89.98% | 96.32% | 92.13% | 79.76% | 76.12% | 76.26% | 75.09% | 36.34% |
| Selling, General & Admin | 333M | 333M | 341M | 347M | 319M | 340M | 340M | 336M | 298M | 311M | 295M | 326M | 279M | 290M | 303M | 283M | 286M | 243M | 309M | 344.54M |
| SG&A % of Revenue | 47.03% | 50.92% | 50.44% | 52.98% | 53.34% | 61.37% | 58.52% | 58.74% | 56.33% | 65.61% | 59.48% | 64.43% | 59.49% | 66.67% | 62.73% | 56.15% | 53.36% | 45.42% | 56.18% | 26.3% |
| Research & Development | 150M | 154M | 151M | 153M | 149M | 149M | 145M | 144M | 147M | 141M | 142M | 140M | 137M | 129M | 142M | 119M | 108M | 114M | 101M | 128.46M |
| R&D % of Revenue | 21.19% | 23.55% | 22.34% | 23.36% | 24.92% | 26.9% | 24.96% | 25.17% | 27.79% | 29.75% | 28.63% | 27.67% | 29.21% | 29.66% | 29.4% | 23.61% | 20.15% | 21.31% | 18.36% | 9.81% |
| Other Operating Expenses | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 36M | -11M | -3M | -11M | -9M | -69M | -45M | -38M | -45M | -105M | -53M | -67M | -45M | -73M | -51M | 5M | 36M | 32M | 55M | 62M |
| Operating Margin % | 5.08% | -1.68% | -0.44% | -1.68% | -1.5% | -12.45% | -7.75% | -6.64% | -8.51% | -22.15% | -10.69% | -13.24% | -9.59% | -16.78% | -10.56% | 0.99% | 6.72% | 5.98% | 10% | 4.73% |
| Operating Income Growth % | 500% | 84.06% | 93.33% | 71.05% | 80% | 34.29% | 15.09% | 43.28% | 0% | -43.84% | -3.92% | -1440% | -225% | -328.13% | -192.73% | -91.94% | -59.09% | -64.19% | -28.05% | 198.91% |
| EBITDA | 36M | 61M | 66M | 58M | 58M | 5M | 20M | 28M | 19M | -30M | 2M | -16M | 1M | -31M | -11M | 54M | 85M | 62M | 90M | 97M |
| EBITDA Margin % | 5.08% | 9.33% | 9.76% | 8.86% | 9.7% | 0.9% | 3.44% | 4.9% | 3.59% | -6.33% | 0.4% | -3.16% | 0.21% | -7.13% | -2.28% | 10.71% | 15.86% | 11.59% | 16.36% | 7.4% |
| EBITDA Growth % | -37.93% | 1120% | 230% | 107.14% | 205.26% | 116.67% | 900% | 275% | 1800% | 3.23% | 118.18% | -129.63% | -98.82% | -150% | -112.22% | -44.33% | -31.45% | -49.75% | -17.32% | 420.7% |
| D&A (Non-Cash Add-back) | 0 | 72M | 69M | 69M | 67M | 74M | 65M | 66M | 64M | 75M | 55M | 51M | 46M | 42M | 40M | 49M | 49M | 30M | 35M | 35M |
| EBIT | 36M | -11M | 15M | 7M | 13M | -43M | -11M | -5M | -12M | -61M | -19M | -25M | -13M | -59M | -39M | 10M | 38M | 44M | 42M | 62M |
| Net Interest Income | 4M | -5M | -3M | -5M | -5M | -8M | -9M | -10M | -9M | -9M | -9M | -9M | -9M | -9M | -9M | -9M | -8M | -68.19M | -29M | -39M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -4M | 5M | 3M | 5M | 5M | 8M | 9M | 10M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 9M | 8M | 68.19M | 29M | 39M |
| Other Income/Expense | 12M | 14M | 15M | 13M | 17M | 18M | 25M | 23M | 24M | 35M | 25M | 33M | 23M | 5M | 3M | -4M | -6M | -27M | -42M | -39M |
| Pretax Income | 48M | 3M | 12M | 2M | 8M | -51M | -20M | -15M | -21M | -70M | -28M | -34M | -22M | -68M | -48M | 1M | 30M | 5M | 13M | 23M |
| Pretax Margin % | 6.78% | 0.46% | 1.78% | 0.31% | 1.34% | -9.21% | -3.44% | -2.62% | -3.97% | -14.77% | -5.65% | -6.72% | -4.69% | -15.63% | -9.94% | 0.2% | 5.6% | 0.93% | 2.36% | 1.76% |
| Income Tax | -2M | 0 | 2M | 0 | 0 | 1M | 0 | 2M | 2M | 3M | 0 | 1M | 0 | 4M | 3M | -9M | 5M | -1M | -5M | 13M |
| Effective Tax Rate % | -4.17% | 0% | 16.67% | 0% | 0% | -1.96% | 0% | -13.33% | -9.52% | -4.29% | 0% | -2.94% | 0% | -5.88% | -6.25% | -900% | 16.67% | -20% | -38.46% | 56.52% |
| Net Income | 46M | 3M | 10M | 2M | 8M | -52M | -20M | -17M | -23M | -73M | -28M | -35M | -22M | -72M | -53M | 8M | 16M | -261M | -329M | 9.64M |
| Net Margin % | 6.5% | 0.46% | 1.48% | 0.31% | 1.34% | -9.39% | -3.44% | -2.97% | -4.35% | -15.4% | -5.65% | -6.92% | -4.69% | -16.55% | -10.97% | 1.59% | 2.99% | -48.79% | -59.82% | 0.74% |
| Net Income Growth % | 475% | 105.77% | 150% | 111.76% | 134.78% | 28.77% | 28.57% | 51.43% | -4.55% | -1.39% | 47.17% | -537.5% | -237.5% | 72.41% | 83.89% | -17.02% | -69.23% | -666.95% | -931.44% | 111.42% |
| Net Income (Continuing) | 46M | 3M | 10M | 2M | 8M | -52M | -20M | -17M | -23M | -73M | -28M | -35M | -22M | -72M | -51M | 10M | 25M | 6M | 18M | 10M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.19 | 0.01 | 0.04 | 0.01 | 0.03 | -0.22 | -0.09 | -0.07 | -0.10 | -0.31 | -0.12 | -0.15 | -0.03 | -0.30 | -0.21 | 0.03 | 0.06 | -1.03 | -1.24 | 0.04 |
| EPS Growth % | 508.97% | 105.41% | 145.35% | 111.4% | 131.84% | 29.03% | 28.33% | 51.47% | -187.39% | -3.33% | 42.86% | -560.12% | -153.7% | 70.87% | 83.06% | -18.5% | -68.25% | -672.22% | -875% | 110.53% |
| EPS (Basic) | 0.19 | 0.01 | 0.04 | 0.01 | 0.03 | -0.22 | -0.09 | -0.07 | -0.10 | -0.31 | -0.12 | -0.15 | -0.03 | -0.30 | -0.21 | 0.03 | 0.06 | -1.04 | -1.29 | 0.04 |
| Diluted Shares Outstanding | 239.64M | 252.39M | 256.24M | 241.08M | 256.19M | 236.33M | 232.52M | 233.45M | 234.69M | 232.97M | 233.29M | 233.63M | 234.43M | 236.25M | 240.08M | 245.16M | 251.96M | 254.01M | 265.11M | 261.5M |
| Basic Shares Outstanding | 235.68M | 242.05M | 242.33M | 241.08M | 242.26M | 236.33M | 232.52M | 233.45M | 234.69M | 232.97M | 233.29M | 233.63M | 234.43M | 236.25M | 240.08M | 243.94M | 248.54M | 251.35M | 254.07M | 248.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |