Zillow Group, Inc. (Z) stock
ZNasdaqServices-Business Services, NECFiscal year ends December 31Also trades as ZG
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 6/3013% above fair value
$30.96−0.03 (-0.10%)
Close on Oct 30, 2026Market cap $6.80BP/E 137.5Yield –
Zillow gross margin
Gross margin is gross profit as a percentage of revenue.
Zillow's gross margin for the twelve months ending Jun 30, 2026 was 72.9%. For fiscal 2025 it was 74.1%, against 76.4% the year before. The highest annual figure on record is 92.1% in fiscal 2017.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 74.1% | −2.3 |
| FY2024 | Dec 31, 2024 | 76.4% | −1.9 |
| FY2023 | Dec 31, 2023 | 78.4% | −2.9 |
| FY2022 | Dec 31, 2022 | 81.3% | −3.6 |
| FY2021 | Dec 31, 2021 | 84.8% | +0.6 |
| FY2020 | Dec 31, 2020 | 84.3% | +40.6 |
| FY2019 | Dec 31, 2019 | 43.7% | −44.8 |
| FY2018 | Dec 31, 2018 | 88.5% | −3.6 |
| FY2017 | Dec 31, 2017 | 92.1% | +0.3 |
| FY2016 | Dec 31, 2016 | 91.8% | +1.1 |
| FY2015 | Dec 31, 2015 | 90.7% | −0.3 |
| FY2014 | Dec 31, 2014 | 91.0% | +0.5 |
| FY2013 | Dec 31, 2013 | 90.5% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 72.8% | −1.9 |
| Q1 FY2026 | Mar 31, 2026 | 73.3% | −3.5 |
| Q4 FY2025 | Dec 31, 2025 | 72.8% | −3.0 |
| Q3 FY2025 | Sep 30, 2025 | 72.6% | −3.3 |
| Q2 FY2025 | Jun 30, 2025 | 74.7% | −2.6 |
| Q1 FY2025 | Mar 31, 2025 | 76.8% | +0.0 |
| Q4 FY2024 | Dec 31, 2024 | 75.8% | +0.1 |
| Q3 FY2024 | Sep 30, 2024 | 75.9% | −1.9 |
| Q2 FY2024 | Jun 30, 2024 | 77.3% | −2.2 |
| Q1 FY2024 | Mar 31, 2024 | 76.7% | −3.6 |
| Q4 FY2023 | Dec 31, 2023 | 75.7% | −3.8 |
| Q3 FY2023 | Sep 30, 2023 | 77.8% | −3.8 |
| Q2 FY2023 | Jun 30, 2023 | 79.4% | −1.3 |
| Q1 FY2023 | Mar 31, 2023 | 80.4% | −2.5 |
| Q4 FY2022 | Dec 31, 2022 | 79.5% | −2.7 |
| Q3 FY2022 | Sep 30, 2022 | 81.6% | −3.5 |
| Q2 FY2022 | Jun 30, 2022 | 80.8% | +39.7 |
| Q1 FY2022 | Mar 31, 2022 | 82.8% | +41.2 |
| Q4 FY2021 | Dec 31, 2021 | 82.2% | +38.9 |
| Q3 FY2021 | Sep 30, 2021 | 85.1% | +22.2 |
| Q2 FY2021 | Jun 30, 2021 | 41.1% | +4.5 |
| Q1 FY2021 | Mar 31, 2021 | 41.6% | +9.3 |
| Q4 FY2020 | Dec 31, 2020 | 43.3% | +19.8 |
| Q3 FY2020 | Sep 30, 2020 | 62.9% | +16.5 |
| Q2 FY2020 | Jun 30, 2020 | 36.6% | −18.2 |
| Q1 FY2020 | Mar 31, 2020 | 32.3% | −34.3 |
| Q4 FY2019 | Dec 31, 2019 | 23.5% | −58.0 |
| Q3 FY2019 | Sep 30, 2019 | 46.3% | −43.0 |
| Q2 FY2019 | Jun 30, 2019 | 54.8% | −37.4 |
| Q1 FY2019 | Mar 31, 2019 | 66.7% | −25.4 |
| Q4 FY2018 | Dec 31, 2018 | 81.5% | −10.5 |
| Q3 FY2018 | Sep 30, 2018 | 89.3% | −2.8 |
| Q2 FY2018 | Jun 30, 2018 | 92.2% | −0.3 |
| Q1 FY2018 | Mar 31, 2018 | 92.0% | +0.3 |
| Q4 FY2017 | Dec 31, 2017 | 92.0% | +0.2 |
| Q3 FY2017 | Sep 30, 2017 | 92.1% | −0.0 |
| Q2 FY2017 | Jun 30, 2017 | 92.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 91.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 91.8% | – |
| Q3 FY2016 | Sep 30, 2016 | 92.2% | – |