13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.6B | $23M | 74.1% | -1.3% | $235M | — | $768M |
| 2024 | $2.2B | -$112M | 76.4% | -8.8% | $285M | $563M | $1.1B |
| 2023 | $1.9B | -$158M | 78.4% | -13.9% | $219M | $1.7B | $1.5B |
| 2022 | $2.0B | -$101M | 81.3% | -4.7% | $4.4B | $1.7B | $1.5B |
| 2021 | $2.1B | -$528M | 84.8% | 11.2% | -$3.3B | $1.4B | $2.3B |
| 2020 | $1.6B | -$162M | 84.3% | 6.7% | $338M | $2.3B | $1.7B |
| 2019 | $2.7B | -$305M | 43.7% | -9.0% | -$679M | $2.3B | $1.1B |
| 2018 | $1.3B | -$120M | 88.5% | -9.7% | -$62M | $849M | $651M |
| 2017 | $1.1B | -$94M | 92.1% | -15.0% | $191M | $385M | $352M |
| 2016 | $847M | -$220M | 91.8% | -22.8% | -$53M | $367M | $244M |
| 2015 | — | -$149M | — | — | — | $230M | $229M |
| 2014 | — | -$44M | — | — | — | — | $126M |
| 2013 | — | -$12M | — | — | — | — | $202M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $708M | $46M | 73.3% | 5.1% | $166M | — | $678M |
| Dec '25 | $654M | $3M | 72.8% | -1.7% | $44M | — | $768M |
| Sep '25 | $676M | $10M | 72.6% | -0.4% | $73M | — | $874M |
| Jun '25 | $655M | $2M | 74.7% | -1.7% | $50M | $230M | $587M |
| Mar '25 | $598M | $8M | 76.8% | -1.5% | $68M | $592M | $914M |
| Dec '24 | $554M | -$52M | 75.8% | -12.5% | $88M | $563M | $1.1B |
| Sep '24 | $581M | -$20M | 75.9% | -7.7% | $138M | $1.1B | $1.1B |
| Jun '24 | $572M | -$17M | 77.3% | -6.6% | $18M | $1.7B | $1.2B |
| Mar '24 | $529M | -$23M | 76.7% | -8.5% | $41M | $1.7B | $1.4B |
| Dec '23 | $474M | -$73M | 75.7% | -22.2% | $52M | $1.7B | $1.5B |
| Sep '23 | $496M | -$28M | 77.8% | -10.7% | $40M | $1.8B | $1.8B |
| Jun '23 | $506M | -$35M | 79.4% | -13.2% | $65M | $1.7B | $1.6B |
| Mar '23 | $469M | -$22M | 80.4% | -9.6% | $62M | $1.7B | $1.4B |
| Dec '22 | $435M | -$72M | 79.5% | -19.1% | $56M | $1.7B | $1.5B |
| Sep '22 | $483M | -$53M | 81.6% | -10.6% | $138M | $1.7B | $2.0B |
| Jun '22 | $504M | $8M | 80.8% | 1.0% | $836M | $1.7B | $2.2B |
| Mar '22 | $536M | $16M | 82.8% | 6.7% | $3.4B | $2.5B | $2.6B |
| Dec '21 | $535M | -$261M | 82.2% | 6.0% | -$244M | $1.4B | $2.3B |
| Sep '21 | $550M | -$329M | 85.1% | 10.0% | -$2.8B | $4.4B | $2.2B |
| Jun '21 | $1.3B | $10M | 41.1% | 4.7% | -$412M | $2.6B | $3.7B |
How the market has priced Z against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Zillow Group, Inc.'s revenue has grown 9.7% per year. These are computed facts, not advice.
As of FY2025, Zillow Group, Inc. reported — of total debt against $768M of cash.
In FY2025, gross margin was 74.1%, operating margin -1.3%, and net margin 0.9%.
As of Jun '26, Zillow Group, Inc. traded at a price-to-earnings ratio of about 301.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.