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Zillow Group, Inc. Z Operating Lease Liabilities

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Other financials

Income statement

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Revenue$772.0M+17.9%
Gross profit$562.0M+14.9%
Operating income-$10.0M+9.1%
Net income-$4.0M-300%
EPS (diluted)-$0.02-300%

Balance sheet

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Cash & equivalents$578.0M-2.4%
Total debt$93.0M-71.6%
Total equity$4.3B-9.2%
Total assets$5.3B-2.0%

Cash flow

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Operating cash flow$11.0M-87.4%
CapEx$36.0M-2.7%
Free cash flow$166.0M+144%

Valuation

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Market cap$7.59B-63.4%
Enterprise value$7.11B-65.4%
P/E138×
P/S2.7×-6.0×

Profitability

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Gross margin72.9%-2.9pp
Operating margin0.4%+0.2pp
Net margin2%+1.2pp
FCF margin12.4%-1.2pp

Returns & leverage

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Return on equity1.2%+0.8pp
Debt / equity0.0×
Current ratio1.9×-1.4×

Where this comes from

Reported directly by Zillow Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Zillow Group, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001617640-26-000052
Line itemJune 30, 2026December 31, 2025
Deferred revenue6569
Lease liabilities, current portion1614
Total current liabilities906679
Lease liabilities, net of current portion7779
Other long-term liabilities1443
Total liabilities997801
Commitments and contingencies (Note 11)
Shareholders’ equity:

Item 1. Financial Statements (unaudited)

FAQ

What is Zillow Group, Inc.'s operating lease liabilities?
Zillow Group, Inc. (Z) reported operating lease liabilities of $77M in Q2 2026.
How has Zillow Group, Inc.'s operating lease liabilities changed year-over-year?
Zillow Group, Inc.'s operating lease liabilities decreased by 10.5% year-over-year, from $86M to $77M.
What is the long-term trend for Zillow Group, Inc.'s operating lease liabilities?
Over 5 years (2020 to 2025), Zillow Group, Inc.'s operating lease liabilities has grown at a -17.6% compound annual growth rate (CAGR), from $207.72M to $79M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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