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 operating margin
Operating margin is operating income as a percentage of revenue.
Zillow's operating margin for the twelve months ending Jun 30, 2026 was 0.4%. For fiscal 2025 it was -1.3%, against -8.8% the year before. The highest annual figure on record is 11.2% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -1.3% | +7.5 |
| FY2024 | Dec 31, 2024 | -8.8% | +5.1 |
| FY2023 | Dec 31, 2023 | -13.9% | −9.1 |
| FY2022 | Dec 31, 2022 | -4.7% | −16.0 |
| FY2021 | Dec 31, 2021 | 11.2% | +4.5 |
| FY2020 | Dec 31, 2020 | 6.7% | +15.7 |
| FY2019 | Dec 31, 2019 | -9.0% | +0.6 |
| FY2018 | Dec 31, 2018 | -9.7% | +5.4 |
| FY2017 | Dec 31, 2017 | -15.0% | +7.7 |
| FY2016 | Dec 31, 2016 | -22.8% | +0.4 |
| FY2015 | Dec 31, 2015 | -23.2% | −9.5 |
| FY2014 | Dec 31, 2014 | -13.7% | −5.1 |
| FY2013 | Dec 31, 2013 | -8.6% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | -1.3% | +0.4 |
| Q1 FY2026 | Mar 31, 2026 | 5.1% | +6.6 |
| Q4 FY2025 | Dec 31, 2025 | -1.7% | +10.8 |
| Q3 FY2025 | Sep 30, 2025 | -0.4% | +7.3 |
| Q2 FY2025 | Jun 30, 2025 | -1.7% | +5.0 |
| Q1 FY2025 | Mar 31, 2025 | -1.5% | +7.0 |
| Q4 FY2024 | Dec 31, 2024 | -12.5% | +9.7 |
| Q3 FY2024 | Sep 30, 2024 | -7.7% | +2.9 |
| Q2 FY2024 | Jun 30, 2024 | -6.6% | +6.6 |
| Q1 FY2024 | Mar 31, 2024 | -8.5% | +1.1 |
| Q4 FY2023 | Dec 31, 2023 | -22.2% | −3.1 |
| Q3 FY2023 | Sep 30, 2023 | -10.7% | −0.1 |
| Q2 FY2023 | Jun 30, 2023 | -13.2% | −14.2 |
| Q1 FY2023 | Mar 31, 2023 | -9.6% | −16.3 |
| Q4 FY2022 | Dec 31, 2022 | -19.1% | −25.1 |
| Q3 FY2022 | Sep 30, 2022 | -10.6% | −20.6 |
| Q2 FY2022 | Jun 30, 2022 | 1.0% | −3.7 |
| Q1 FY2022 | Mar 31, 2022 | 6.7% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 6.0% | −24.4 |
| Q3 FY2021 | Sep 30, 2021 | 10.0% | −1.6 |
| Q2 FY2021 | Jun 30, 2021 | 4.7% | +12.9 |
| Q1 FY2021 | Mar 31, 2021 | 7.2% | +20.1 |
| Q4 FY2020 | Dec 31, 2020 | 30.4% | +38.2 |
| Q3 FY2020 | Sep 30, 2020 | 11.6% | +18.1 |
| Q2 FY2020 | Jun 30, 2020 | -8.2% | +2.3 |
| Q1 FY2020 | Mar 31, 2020 | -12.8% | +1.0 |
| Q4 FY2019 | Dec 31, 2019 | -7.8% | +18.9 |
| Q3 FY2019 | Sep 30, 2019 | -6.5% | −3.5 |
| Q2 FY2019 | Jun 30, 2019 | -10.4% | −7.5 |
| Q1 FY2019 | Mar 31, 2019 | -13.8% | −10.0 |
| Q4 FY2018 | Dec 31, 2018 | -26.7% | +30.4 |
| Q3 FY2018 | Sep 30, 2018 | -3.0% | −8.2 |
| Q2 FY2018 | Jun 30, 2018 | -3.0% | +3.3 |
| Q1 FY2018 | Mar 31, 2018 | -3.8% | −4.3 |
| Q4 FY2017 | Dec 31, 2017 | -57.1% | −58.3 |
| Q3 FY2017 | Sep 30, 2017 | 5.2% | +1.7 |
| Q2 FY2017 | Jun 30, 2017 | -6.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 0.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 1.2% | – |
| Q3 FY2016 | Sep 30, 2016 | 3.5% | – |