ZG
$33.29+4.62%
Zillow Group Inc.Stock · Communication ServicesUS REITs · 0.3% of VNQNasdaq Composite · 0.02% of ONEQRussell 1000 · 0.010% of IWBRussell 3000 · 0.009% of IWVUS Stock Market · 0.008% of VTIMSCI World · 0.007% of URTH
ZG financial statements
The full income statement, balance sheet, and cash-flow statement for Zillow Group Inc. (ZG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 233.5M2024-09 232.5M2024-12 235.6M2025-03 256.2M2025-06 251.7M2025-09 256.2M2025-12 252.4M2026-03 224.9M2026-06 224.9M-3.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.58B+15.5% | 2.24B+15.0% | 1.95B-0.7% | 1.96B-8.2% | 2.13B+31.3% | |
| 1.92B+12.1% | 1.71B+12.1% | 1.52B-4.2% | 1.59B-12.1% | 1.81B+32.1% | ||
| Cost of revenue | 668M+26.8% | 527M+25.2% | 421M+14.7% | 367M+13.6% | 323M+26.7% | |
| Research & development | 607M+3.8% | 585M+4.5% | 560M+12.4% | 498M+18.3% | 421M+29.9% | |
| Selling, general & administrative | 497M-5.2% | 524M-5.2% | 553M+11.0% | 498M+20.3% | 414M+27.8% | |
| General & administrative | 497M-5.2% | 524M-5.2% | 553M+11.0% | 498M+20.3% | 414M+27.8% | |
| Selling & marketing | 843M+6.7% | 790M+20.1% | 658M-0.9% | 664M-7.1% | 715M+33.6% | |
| Restructuring | — | — | — | 24.0M | — | |
| Amortization of intangibles | 89.0M+15.6% | 77.0M+45.3% | 53.0M-8.6% | 58.0M | — | |
| Provision for credit losses | — | — | — | — | 1.07M-59.5% | |
| Operating income | -34.0M+82.7% | -197M+27.0% | -270M-190.3% | -93.0M-138.9% | 239M+119.3% | |
| Interest expense | 18.0M-50.0% | 36.0M+0.0% | 36.0M+2.9% | 35.0M-72.7% | 128M-7.2% | |
| Pre-tax income | 25.0M+123.4% | -107M+30.5% | -154M-81.2% | -85.0M-184.2% | 101M+3466.7% | |
| Income tax | 2.00M-60.0% | 5.00M+25.0% | 4.00M+33.3% | 3.00M+400.0% | -1.00M+87.5% | |
| 23.0M+120.5% | -112M+29.1% | -158M-56.4% | -101M+80.9% | -528M-225.9% | ||
| Income from continuing operations | — | -112M+29.1% | -158M-79.5% | -88.0M-186.3% | 102M+1940.0% | |
| $0.09+118.8% | -$0.48+29.4% | -$0.68-61.9% | -$0.42+79.2% | -$2.02-188.6% | ||
| EPS (basic) | $0.09+118.8% | -$0.48+29.4% | -$0.68-61.9% | -$0.42+80.1% | -$2.11-193.1% | |
| Weighted-avg shares (basic) | 242M+3.4% | 234M+0.2% | 234M-3.5% | 242M-3.1% | 250M+11.7% | |
| Weighted-avg shares (diluted) | 254M+8.6% | 234M+0.2% | 234M-3.5% | 242M-7.5% | 262M+13.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.12B-9.1% | 2.33B-25.9% | 3.15B-12.6% | 3.60B-53.1% | 7.68B+54.7% | ||
| Cash & equivalents | 768M-29.0% | 1.08B-27.5% | 1.49B+1.8% | 1.47B-36.7% | 2.31B+35.9% | |
| Cash & short-term investments | — | — | 2.81B-16.4% | 3.36B+18.9% | 2.83B-29.2% | |
| Accounts receivable | 149M+43.3% | 104M+8.3% | 96.0M+33.3% | 72.0M-6.5% | 77.0M+10.1% | |
| Prepaid expenses | 287M+36.7% | 210M+50.0% | 140M+11.1% | 126M-10.0% | 140M+84.6% | |
| 5.68B-2.5% | 5.83B-12.4% | 6.65B+1.4% | 6.56B-38.6% | 10.7B+42.9% | ||
| Property, plant & equipment | 350M-2.8% | 360M+9.8% | 328M+21.0% | 271M+26.0% | 215M+9.6% | |
| Operating lease right-of-use | 56.0M-5.1% | 59.0M-19.2% | 73.0M-42.1% | 126M-3.1% | 130M-30.8% | |
| Goodwill | 2.82B+0.0% | 2.82B+0.2% | 2.82B+18.7% | 2.37B+0.0% | 2.37B+19.6% | |
| Intangible assets | 279M+34.8% | 207M-14.1% | 241M+56.5% | 154M-12.5% | 176M+85.7% | |
| Other non-current assets | 28.0M+33.3% | 21.0M+0.0% | 21.0M+75.0% | 12.0M+300.0% | 3.00M-58.2% | |
| 679M-18.3% | 831M-14.4% | 971M+259.6% | 270M-93.0% | 3.88B+327.2% | ||
| Accounts payable | 36.0M+20.0% | 30.0M+7.1% | 28.0M+40.0% | 20.0M+81.8% | 11.0M-42.0% | |
| Accrued liabilities | 134M+27.6% | 105M-1.9% | 107M+18.9% | 90.0M+1.1% | 89.0M-5.8% | |
| Deferred revenue | 69.0M+11.3% | 62.0M+19.2% | 52.0M+18.2% | 44.0M-13.7% | 51.0M+4.1% | |
| Current lease liability | 14.0M+0.0% | 14.0M-62.2% | 37.0M+19.4% | 31.0M+29.2% | 24.0M-15.2% | |
| 801M-18.3% | 981M-53.9% | 2.13B+2.2% | 2.08B-61.1% | 5.35B+95.1% | ||
| Long-term debt | — | — | — | — | 1.32B-18.2% | |
| Non-current lease liability | 79.0M-4.8% | 83.0M-12.6% | 95.0M-31.7% | 139M-6.1% | 148M-28.8% | |
| Operating lease liability (total) | 93.0M-4.1% | 97.0M-26.5% | 132M-22.4% | 170M-0.9% | 171M-27.4% | |
| Other non-current liabilities | 43.0M-35.8% | 67.0M+11.7% | 60.0M+400.0% | 12.0M+140.0% | 5.00M-66.3% | |
| 4.88B+0.7% | 4.85B+7.1% | 4.53B+1.0% | 4.48B-16.1% | 5.34B+12.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 0.00 | 0.00 | — | — | — | |
| Additional paid-in capital | 6.74B+0.1% | 6.73B+6.9% | 6.30B+3.1% | 6.11B-12.7% | 7.00B+19.0% | |
| Retained earnings | -1.86B+1.2% | -1.88B-6.3% | -1.77B-9.8% | -1.61B+3.3% | -1.67B-46.3% | |
| Accumulated other comprehensive income | 2.00M+166.7% | -3.00M+40.0% | -5.00M+66.7% | -15.0M-314.3% | 7.00M+4168.3% | |
| Total liabilities & equity | 5.68B-2.5% | 5.83B-12.4% | 6.65B+1.4% | 6.56B-38.6% | 10.7B+42.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 368M-14.0% | 428M+20.9% | 354M-92.1% | 4.50B+241.8% | -3.18B-851.1% | ||
| Depreciation & amortization | 264M+10.0% | 240M+28.3% | 187M+19.1% | 157M+20.8% | 130M+17.1% | |
| Intangible amortization | 89.0M+15.6% | 77.0M+45.3% | 53.0M-8.6% | 58.0M | — | |
| Share-based compensation | 390M-12.9% | 448M-0.7% | 451M+0.0% | 451M+44.6% | 312M+58.4% | |
| Deferred income taxes | 2.00M+100.0% | 1.00M | 0.00 | 0.00+100.0% | -3.00M+62.5% | |
| Change in receivables | 45.0M+462.5% | 8.00M-66.7% | 24.0M+129.3% | -82.0M-200.0% | 82.0M+1071.4% | |
| Change in inventory | — | 0.00 | 0.00+100.0% | -3.90B-202.0% | 3.83B+1209.3% | |
| Change in payables | 6.00M+200.0% | 2.00M-66.7% | 6.00M+100.0% | 3.00M-40.0% | 5.00M-61.5% | |
| Other operating activities | 6.00M-68.4% | 19.0M+850.0% | 2.00M-91.7% | 24.0M+700.0% | 3.00M+200.0% | |
| -6.00M-101.5% | 395M+1480.0% | 25.0M+101.6% | -1.53B-240.9% | 1.09B+204.8% | ||
| Capital expenditure | 133M-7.0% | 143M+5.9% | 135M+17.4% | 115M+55.4% | 74.0M-12.9% | |
| Free cash flow | 235M-17.5% | 285M+30.1% | 219M-95.0% | 4.39B+235.0% | -3.25B-1061.8% | |
| Acquisitions | 0.00-100.0% | 7.00M-98.4% | 433M+10725.0% | 4.00M-99.2% | 497M | |
| Sales/maturities of investments | 411M-60.6% | 1.04B-19.0% | 1.29B+60.5% | 802M-63.6% | 2.21B-1.2% | |
| -674M+45.3% | -1.23B-250.3% | -352M+91.9% | -4.34B-237.9% | 3.15B+170.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.14B | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 545M+32.3% | |
| Common stock repurchased | 670M+122.6% | 301M-29.0% | 424M-55.2% | 947M+213.6% | 302M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -312M+23.9% | -410M-1618.5% | 27.0M+102.0% | -1.37B-229.4% | 1.06B+93.2% | |
| Interest paid | 18.0M-48.6% | 35.0M+25.0% | 28.0M-44.0% | 50.0M-54.1% | 109M+113.7% | |
| Income taxes paid | 3.00M-50.0% | 6.00M+0.0% | 6.00M+0.0% | 6.00M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 17.2B+3.1% | 16.7B+26.2% | 13.2B+76.6% | 7.49B-53.9% | 16.3B-55.0% | |
| P/E | 748.7× | — | — | — | — | |
| P/S | 6.7×-10.7% | 7.5×+7.6% | 6.9×+90.7% | 3.6×-52.2% | 7.6×-65.7% | |
| P/B | 3.5×+2.4% | 3.4×+17.9% | 2.9×+79.2% | 1.6×-46.4% | 3.0×-60.1% | |
| P/FCF | 73.3×+25.1% | 58.6×-1.3% | 59.3×+3138.2% | 1.8× | — | |
| Earnings yield | 0.13% | — | — | — | — | |
| FCF yield | 1.4%-20.0% | 1.7%+1.3% | 1.7%-96.9% | 54.6% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by Zillow Inc until Feb 17, 2015 and by Zillow Group, Inc. since.
About this data
Source: ZG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ZG filings on SEC EDGAR → Not investment advice.