NASDAQ:ZG
Zillow Group, Inc.
Zillow Group, Inc.'s revenue grew 15.5% in fiscal 2025 to $2.6B while operating margin rose to −1.3%. Free cash flow was $235.0M, 9.1% of revenue, and the diluted share count rose 8.6%.Summary generated from Zillow Group, Inc.'s SEC filings. Latest annual report filed Feb 11, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$2.6B
Revenue growth+15.5%
Revenue, 5-yr CAGR+9.7%
Gross margin74.1%
Operating margin−1.3%
Net margin0.9%
ROICn/a
Return on equity0.5%
Debt / equityn/a
Free cash flow$235.0M
FCF margin9.1%
Share count change+8.6%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 2,132 | 1,958 | 1,945 | 2,236 | 2,583 |
| Operating income | 239 | −93 | −270 | −197 | −34 |
| Net income | −528 | −101 | −158 | −112 | 23 |
| Free cash flow | −3,251 | 4,389 | 219 | 285 | 235 |
Recent filings
- 4Insider transaction report
Sep 21, 2026 - 8-KDirector or officer change
Sep 17, 2026 - 4Insider transaction report
Sep 4, 2026 - 8-KRegulation FD disclosure
Aug 24, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 5, 2026 - 8-KResults of operations and financial condition
Aug 5, 2026 - 8-KResults of a shareholder vote
Jun 3, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 6, 2026