What are Zillow Group, Inc.'s profit margins?

Zillow Group, Inc. (ZG) runs a 73.3% gross margin and a 0.4% operating margin, with a 2.3% net margin.

Where do Zillow Group, Inc.'s ratios come from?

Every ratio is computed from Zillow Group, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Zillow Group, Inc. ZG Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	73.3%-0.8pp	74.1%-0.7pp	74.9%-0.9pp	75.8%-0.7pp	76.4%0.0pp
Operating margin	0.4%+1.7pp	-1.3%+2.4pp	-3.7%+1.9pp	-5.6%+1.4pp	-7%+1.8pp
Net margin	2.3%+1.4pp	0.9%+2.2pp	-1.3%+1.3pp	-2.6%+0.9pp	-3.5%+1.5pp
Returns
Return on equity	1.3%+0.9pp	0.5%+1.1pp	-0.7%+0.7pp	-1.3%+0.4pp	-1.7%+0.7pp
Return on invested capital	0.2%+0.9pp	-0.7%+1.3pp	-2%+0.6pp	-2.5%+0.5pp	-3%+0.8pp
Efficiency
Asset turnover	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	2.3×-0.8×	3.1×-0.5×	3.6×+0.3×	3.3×+0.9×	2.5×-0.3×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×-0.1×	0.1×-0.2×	0.2×0.0×
Net debt / EBITDA	-2.1×+0.8×	-3×+1.7×	-4.6×—	——	——
Per Share
Book value per share	$18.39-4.3%	$19.22-1.3%	$19.48+3.3%	$18.86+1.6%	$18.56-10.4%
Valuation
Market capitalization	$9.93B-39.9%	$16.52B-8.4%	$18.03B+8.8%	$16.58B+2.2%	$16.22B-3.9%
Price / sales	3.7×-2.7×	6.4×-0.9×	7.3×+0.3×	6.9×-0.1×	7×-0.5×
Price / book	2.3×-1.1×	3.4×-0.2×	3.6×+0.1×	3.5×+0.1×	3.4×-0.1×
EV / EBITDA	34×-34.9×	68.8×-33.2×	102.1×—	——	——

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Questions, answered.

What are Zillow Group, Inc.'s profit margins?: Zillow Group, Inc. (ZG) runs a 73.3% gross margin and a 0.4% operating margin, with a 2.3% net margin.
Where do Zillow Group, Inc.'s ratios come from?: Every ratio is computed from Zillow Group, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.