Zillow Group Inc
NASDAQ: ZG · COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION
Updated 2026-06-05
Zillow Group Inc (ZG) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $4.30M | $-12.60M | 62.79% | -325.58% | -293.02% |
| 2007 | $7.10M | $-20.30M | 47.89% | -307.04% | -285.92% |
| 2008 | $10.60M | $-21.20M | 60.38% | -206.60% | -200.00% |
| 2009 | $17.49M | $-12.86M | 76.89% | -74.13% | -73.49% |
| 2010 | $30.47M | $-6.77M | 83.68% | -22.44% | -22.23% |
| 2011 | $66.05M | $1.10M | 83.99% | 1.51% | 1.67% |
| 2012 | $116.85M | $5.94M | 87.98% | 4.96% | 5.08% |
| 2013 | $197.54M | $-12.45M | 90.48% | -8.58% | -6.30% |
| 2014 | $325.89M | $-43.61M | 90.96% | -13.71% | -13.38% |
| 2015 | $644.68M | $-148.87M | 90.44% | -23.19% | -23.09% |
| 2016 | $846.59M | $-220.44M | 91.54% | -22.78% | -26.04% |
| 2017 | $1.08B | $-94.42M | 92.09% | -15.03% | -8.77% |
| 2018 | $1.33B | $-119.86M | 88.48% | -9.67% | -8.99% |
| 2019 | $2.74B | $-305.36M | 47.79% | -9.00% | -11.13% |
| 2020 | $1.62B | $-162.00M | 84.30% | 9.91% | -9.98% |
| 2021 | $2.13B | $-528.00M | 84.85% | 11.21% | -24.77% |
| 2022 | $1.96B | $-101.00M | 81.26% | -4.75% | -5.16% |
| 2023 | $1.95B | $-158.00M | 78.35% | -13.88% | -8.12% |
| 2024 | $2.24B | $-112.00M | 76.43% | -8.81% | -5.01% |
| 2025 | $2.58B | $23.00M | 74.14% | -1.24% | 0.89% |
Frequently asked questions
What is Zillow Group Inc's revenue?
Zillow Group Inc's trailing twelve-month revenue is $2.69B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ZG?
In its most recent fiscal year, ZG ran a gross margin of 74.14%, an operating margin of -1.24%, and a net margin of 0.89%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ZG generate?
ZG produced $235.00M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ZG's balance sheet healthy?
ZG holds $773.00M in cash and equivalents against — in long-term debt, on $4.88B of shareholder equity. That debt is best read against the cash flow the business throws off each year.