ZILLOW GROUP, INC. ZG

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

We are reimagining residential real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States1, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.

Last close 35.32 2026-09-04
Market cap $8.05B estimated share count
52-week range 29.03 - 90.22

Valuation FY2025 figures against the last close

P/S3.1x
P/E392.4x
P/FCF34.3x
EV/EBITDA35.0x
Dividend yield—
Diluted EPS0.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.58B$2.24B$1.95B$1.96B$2.13B$1.62B$2.74B$1.33B$1.08B$846.6M
Cost of revenue $668.0M$527.0M$421.0M$367.0M$323.0M$255.0M$1.54B$153.6M$85.2M$69.3M
Gross profit $1.92B$1.71B$1.52B$1.59B$1.81B$1.37B$1.20B$1.18B$991.6M$777.3M
R&D $607.0M$585.0M$560.0M$498.0M$421.0M$324.0M$350.9M$410.8M$320.0M$255.6M
SG&A $497.0M$524.0M$553.0M$498.0M$414.0M$324.0M$366.0M$262.2M$210.8M$332.0M
Total operating expenses $1.95B$1.91B$1.79B$1.68B$1.57B$1.26B$1.45B$1.46B$1.24B$1.04B
Operating income -$34.0M-$197.0M-$270.0M-$93.0M$239.0M$109.0M-$247.5M-$129.0M-$161.9M-$192.9M
Pre-tax income $25.0M-$107.0M-$154.0M-$85.0M$101.0M-$3.0M-$309.6M-$151.0M-$184.0M-$220.3M
Income tax $2.0M$5.0M$4.0M$3.0M$1.0M$8.0M$4.3M$31.1M$89.6M$130.0K
Net income $23.0M-$112.0M-$158.0M-$101.0M-$528.0M-$162.0M-$305.4M-$119.9M-$94.4M-$220.4M
EPS, basic 0.09-0.48-0.68-0.42-2.11-0.72-1.48———
EPS, diluted 0.09-0.48-0.68-0.42-2.02-0.70-1.48-0.61-0.51-1.22
Shares, diluted (wtd. avg.) 254.1M234.1M233.6M242.2M261.8M231.4M206.4M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $768.0M$1.08B$1.50B$1.47B$2.84B$1.78B$1.23B$663.4M$352.1M$243.6M
Short-term investments $527.0M$776.0M$1.32B$1.90B$514.0M$2.22B$1.28B$903.9M$410.4M$263.9M
Receivables $149.0M$104.0M$96.0M$72.0M$77.0M$69.9M$67.0M$66.1M$54.4M$40.5M
Total current assets $2.12B$2.33B$3.15B$3.60B$7.68B$4.96B$3.51B$1.89B$841.5M$582.9M
Property, plant and equipment $350.0M$360.0M$328.0M$271.0M$215.0M$196.2M$170.5M$135.2M$112.3M$98.3M
Goodwill $2.82B$2.82B$2.82B$2.37B$2.37B$1.98B$1.98B$1.98B$1.93B$1.92B
Other intangibles $279.0M$207.0M$241.0M$154.0M$176.0M$94.8M$190.6M$215.9M$319.7M$527.5M
Total assets $5.68B$5.83B$6.65B$6.56B$10.70B$7.49B$6.13B$4.29B$3.23B$3.15B
Accounts payable $36.0M$30.0M$28.0M$20.0M$11.0M$19.0M$8.3M$7.5M$3.6M$4.3M
Total current liabilities $679.0M$831.0M$971.0M$270.0M$3.88B$908.6M$920.5M$287.5M$118.4M$97.2M
Long-term debt ————$1.32B$1.61B$1.54B$699.0M$385.4M$367.4M
Total liabilities $801.0M$981.0M$2.13B$2.08B$5.35B$2.74B$2.70B$1.02B$569.7M$616.1M
Retained earnings -$1.86B-$1.88B-$1.77B-$1.61B-$1.67B-$1.14B-$977.1M-$671.8M-$592.2M-$497.0M
Total equity $4.88B$4.85B$4.53B$4.48B$5.34B$4.74B$3.44B$3.27B$2.66B$2.53B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $368.0M$428.0M$354.0M$4.50B-$3.18B$423.0M-$612.2M$3.9M$258.2M$8.6M
Depreciation and amortisation $264.0M$240.0M$187.0M$157.0M$130.0M$111.0M$87.5M$99.4M$110.2M$100.6M
Stock-based compensation $390.0M$448.0M$451.0M$451.0M$312.0M$197.0M$198.9M$149.1M$113.6M$106.9M
Capital expenditure $133.0M$143.0M$135.0M$115.0M$74.0M$85.0M$67.0M$66.1M$66.7M$62.1M
Investing cash flow -$6.0M$395.0M$25.0M-$1.53B$1.09B-$1.04B-$456.1M-$622.6M-$247.4M-$65.7M
Financing cash flow -$674.0M-$1.23B-$352.0M-$4.34B$3.15B$1.16B$1.64B$930.1M$97.7M$71.5M
Buybacks $670.0M$301.0M$424.0M$947.0M$302.0M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001617640-26-000031.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Receivables
  • SG&A
  • Total current assets
Receivables, SG&A, Total current assets by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Receivables, FY2016: 40.5M SG&A, FY2016: 332M Total current assets, FY2016: 582.9M Receivables, FY2017: 54.4M SG&A, FY2017: 210.8M Total current assets, FY2017: 841.5M Receivables, FY2018: 66.1M SG&A, FY2018: 262.2M Total current assets, FY2018: 1.9B Receivables, FY2019: 67M SG&A, FY2019: 366M Total current assets, FY2019: 3.5B Receivables, FY2020: 69.9M SG&A, FY2020: 324M Total current assets, FY2020: 5B Receivables, FY2021: 77M SG&A, FY2021: 414M Total current assets, FY2021: 7.7B Receivables, FY2022: 72M SG&A, FY2022: 498M Total current assets, FY2022: 3.6B Receivables, FY2023: 96M SG&A, FY2023: 553M Total current assets, FY2023: 3.1B Receivables, FY2024: 104M SG&A, FY2024: 524M Total current assets, FY2024: 2.3B Receivables, FY2025: 149M SG&A, FY2025: 497M Total current assets, FY2025: 2.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Receivables $40.5M $54.4M $66.1M $67.0M $69.9M $77.0M $72.0M $96.0M $104.0M $149.0M
SG&A $332.0M $210.8M $262.2M $366.0M $324.0M $414.0M $498.0M $553.0M $524.0M $497.0M
Total current assets $582.9M $841.5M $1.89B $3.51B $4.96B $7.68B $3.60B $3.15B $2.33B $2.12B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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