# Zillow Group, Inc.: overview

ZG · Nasdaq · CIK 1617640 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/zg.md) · [Financials](/companies/zg/financials.md) · [Filings](/companies/zg/filings.md) · [Insiders](/companies/zg/insiders.md)

Latest reported revenue: [$772.0m](/filings/0001617640-26-000052.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001617640-26-000052).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [581](/filings/0001617640-25-000150.md) | [554 d](/filings/0001617640-26-000015.md) | [598](/filings/0001617640-26-000039.md) | [655](/filings/0001617640-26-000052.md) | [676](/filings/0001617640-25-000150.md) | [654 d](/filings/0001617640-26-000015.md) | [708](/filings/0001617640-26-000039.md) | [772](/filings/0001617640-26-000052.md) |
| Gross margin | % | [75.9%](/filings/0001617640-25-000150.md) | [75.8% d](/filings/0001617640-26-000015.md) | [76.8%](/filings/0001617640-26-000039.md) | [74.7%](/filings/0001617640-26-000052.md) | [72.6%](/filings/0001617640-25-000150.md) | [72.8% d](/filings/0001617640-26-000015.md) | [73.3%](/filings/0001617640-26-000039.md) | [72.8%](/filings/0001617640-26-000052.md) |
| Operating margin | % | [(7.7%)](/filings/0001617640-25-000150.md) | [(12.5%) d](/filings/0001617640-26-000015.md) | [(1.5%)](/filings/0001617640-26-000039.md) | [(1.7%)](/filings/0001617640-26-000052.md) | [(0.4%)](/filings/0001617640-25-000150.md) | [(1.7%) d](/filings/0001617640-26-000015.md) | [5.1%](/filings/0001617640-26-000039.md) | [(1.3%)](/filings/0001617640-26-000052.md) |
| Net margin | % | [(3.4%)](/filings/0001617640-25-000150.md) | [(9.4%) d](/filings/0001617640-26-000015.md) | [1.3%](/filings/0001617640-26-000039.md) | [0.3%](/filings/0001617640-26-000052.md) | [1.5%](/filings/0001617640-25-000150.md) | [0.5% d](/filings/0001617640-26-000015.md) | [6.5%](/filings/0001617640-26-000039.md) | [(0.5%)](/filings/0001617640-26-000052.md) |
| Diluted EPS | $ per share | [(0.08)](/filings/0001617640-25-000150.md) | not reported | [0.03](/filings/0001617640-26-000039.md) | [0.01](/filings/0001617640-26-000052.md) | [0.04](/filings/0001617640-25-000150.md) | not reported | [0.19](/filings/0001617640-26-000039.md) | [(0.02)](/filings/0001617640-26-000052.md) |
| Free cash flow | $m | [138 d](/filings/0001617640-25-000150.md) | [88.0 d](/filings/0001617640-26-000015.md) | [68.0](/filings/0001617640-26-000039.md) | [50.0 d](/filings/0001617640-26-000052.md) | [73.0 d](/filings/0001617640-25-000150.md) | [44.0 d](/filings/0001617640-26-000015.md) | [166](/filings/0001617640-26-000039.md) | [(25.0) d](/filings/0001617640-26-000052.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,132](/filings/0001617640-24-000022.md) | [1,958](/filings/0001617640-25-000016.md) | [1,945](/filings/0001617640-26-000015.md) | [2,236](/filings/0001617640-26-000015.md) | [2,583](/filings/0001617640-26-000015.md) |
| Gross margin | % | [84.8%](/filings/0001617640-24-000022.md) | [81.3%](/filings/0001617640-25-000016.md) | [78.4%](/filings/0001617640-26-000015.md) | [76.4%](/filings/0001617640-26-000015.md) | [74.1%](/filings/0001617640-26-000015.md) |
| Operating margin | % | [11.2%](/filings/0001617640-24-000022.md) | [(4.7%)](/filings/0001617640-25-000016.md) | [(13.9%)](/filings/0001617640-26-000015.md) | [(8.8%)](/filings/0001617640-26-000015.md) | [(1.3%)](/filings/0001617640-26-000015.md) |
| Net margin | % | [(24.8%)](/filings/0001617640-24-000022.md) | [(5.2%)](/filings/0001617640-25-000016.md) | [(8.1%)](/filings/0001617640-26-000015.md) | [(5.0%)](/filings/0001617640-26-000015.md) | [0.9%](/filings/0001617640-26-000015.md) |
| Diluted EPS | $ per share | [(2.02)](/filings/0001617640-24-000022.md) | [(0.42)](/filings/0001617640-25-000016.md) | [(0.68)](/filings/0001617640-26-000015.md) | [(0.48)](/filings/0001617640-26-000015.md) | [0.09](/filings/0001617640-26-000015.md) |
| Free cash flow | $m | [(3,251)](/filings/0001617640-24-000022.md) | [4,389](/filings/0001617640-25-000016.md) | [219](/filings/0001617640-26-000015.md) | [285](/filings/0001617640-26-000015.md) | [235](/filings/0001617640-26-000015.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/zg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Caledonia (Private) Investments Pty Ltd](/funds/1352924.md) | 2026-06-30 | $759.7m | 24,102,956 |  | Reduced −1,791,437 |
| [Independent Franchise Partners LLP](/funds/1483866.md) | 2026-06-30 | $513.8m | 16,300,754 |  | Added +3,103,325 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $448.9m | 14,240,643 |  | Added +44,874 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $420.1m | 13,327,843 |  | Reduced −682,241 |
| [Caledonia (Private) Investments Pty Ltd](/funds/1352924.md) | 2026-06-30 | $355.4m | 11,328,301 |  | Reduced −42,242 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $257.2m | 8,159,260 |  | Reduced −1,849,151 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $236.5m | 7,503,564 |  | Added +1,718 |
| [Qube Research & Technologies Ltd](/funds/1729829.md) | 2026-06-30 | $118.6m | 3,761,884 |  | Added +3,548,740 |
| [Independent Franchise Partners LLP](/funds/1483866.md) | 2026-06-30 | $115.2m | 3,672,937 |  | Added +934,455 |
| [STATE OF WISCONSIN INVESTMENT BOARD](/funds/854157.md) | 2026-06-30 | $111.8m | 3,545,882 |  | Added +1,477,843 |

## Recent filings

[All 1,656 filings](/companies/zg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-17 | 16:06 ET | [8-K](/filings/0001617640-26-000060.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001617640-26-000060 |
| 2026-08-24 | 09:04 ET | [8-K](/filings/0001617640-26-000056.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001617640-26-000056 |
| 2026-08-05 | 16:36 ET | [10-Q](/filings/0001617640-26-000052.md) | Quarterly report, period 2026-06-30 | 0001617640-26-000052 |
| 2026-08-05 | 16:07 ET | [8-K](/filings/0001617640-26-000050.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001617640-26-000050 |
| 2026-06-15 | 16:13 ET | [SCHEDULE 13D/A](/filings/0001193125-26-271097.md) | Ownership report, active investor, amended | 0001193125-26-271097 |
| 2026-06-03 | 16:12 ET | [8-K](/filings/0001617640-26-000042.md) | 5.07 Shareholder vote results; 8.01 Other events | 0001617640-26-000042 |
| 2026-05-06 | 16:34 ET | [10-Q](/filings/0001617640-26-000039.md) | Quarterly report, period 2026-03-31 | 0001617640-26-000039 |
| 2026-05-06 | 16:07 ET | [8-K](/filings/0001617640-26-000038.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001617640-26-000038 |
| 2026-04-15 | 16:05 ET | [DEF 14A](/filings/0001617640-26-000031.md) | Proxy statement, period 2025-12-31 | 0001617640-26-000031 |
| 2026-03-05 | 09:04 ET | [8-K](/filings/0001617640-26-000021.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001617640-26-000021 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001617640-26-000015.md), filed Feb 11, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5f75a60c-9243-4114-aa8c-9e3b75b79fd6)

## About the filer

- CIK: 1617640
- Tickers: ZG, Z
- Exchange: Nasdaq
- SIC code: 7389 Services-Business Services, NEC
- State of incorporation: WA
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:44 ET. No prices; not investment advice.