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Zillow Group, Inc. ZG Operating margin

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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$8.44B-57.1%
Enterprise value$7.96B-59.0%
P/E153.5×
P/S-5.2×

Profitability

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Gross margin72.9%-2.9pp
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

Calculated from Zillow Group, Inc.’s reported figures.

Based on trailing twelve months.

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

Filed
Aug 5, 2026, 4:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001617640-26-000052

FAQ

What is Zillow Group, Inc.'s operating margin?
Zillow Group, Inc. (ZG) reported operating margin of 0.4% in Q2 2026.
How has Zillow Group, Inc.'s operating margin changed year-over-year?
Zillow Group, Inc.'s operating margin increased by 107.6% year-over-year, from -5.6% to 0.4%.
What is the long-term trend for Zillow Group, Inc.'s operating margin?
Over 4 years (2021 to 2025), Zillow Group, Inc.'s operating margin has grown at a -33.1% compound annual growth rate (CAGR), from 6.6% to -1.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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