What is Zillow Group, Inc.'s change in deferred revenue?

Zillow Group, Inc. (ZG) reported change in deferred revenue of $5M in Q1 2026.

How has Zillow Group, Inc.'s change in deferred revenue changed year-over-year?

Zillow Group, Inc.'s change in deferred revenue decreased by 37.5% year-over-year, from $8M to $5M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Zillow Group, Inc. ZG Change in Deferred Revenue

Change in Deferred Revenue at other companies

CoStar GroupCSGP

$32M+146%

NVRNVR

$24.21M+437%

Zoom Video Communications, Inc.ZM

$69.61M-3.5%

Other financials

Income statement

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Revenue$708.0M+18.4%

Gross profit$519.0M+13.1%

Operating income$36.0M+500%

Net income$46.0M+475%

EPS (diluted)$0.19+533%

Balance sheet

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Cash & equivalents$683.0M-25.6%

Total debt$94.0M-91.5%

Total equity$4.4B-7.3%

Total assets$5.2B-9.0%

Cash flow

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Operating cash flow$200.0M+92.3%

CapEx$34.0M-5.6%

Free cash flow$166.0M+144%

Valuation

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Market cap$7.43B-38.8%

Enterprise value$6.84B-43.1%

P/E121.9×—

P/S2.8×-2.5×

Profitability

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Gross margin73.3%-3.1pp

Operating margin0.4%+0.2pp

Net margin2.3%+1.4pp

FCF margin12.4%-1.2pp

Returns & leverage

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Return on equity1.3%+0.9pp

Debt / equity0×-0.2×

Current ratio2.3×-0.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Zillow Group, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zillow Group, Inc.'s change in deferred revenue?: Zillow Group, Inc. (ZG) reported change in deferred revenue of $5M in Q1 2026.
How has Zillow Group, Inc.'s change in deferred revenue changed year-over-year?: Zillow Group, Inc.'s change in deferred revenue decreased by 37.5% year-over-year, from $8M to $5M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.