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Zillow Group, Inc. ZG Total Cost of Revenue

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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
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:CostOfRevenue.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Rentals209159392288
Other14142525
Total revenue7726551,4801,253
Cost of revenue210166399305
Gross profit5624891,081948
Operating expenses:
Sales and marketing249226459424
Technology and development156153306302

Item 1. Financial Statements (unaudited)

FAQ

What is Zillow Group, Inc.'s total cost of revenue?
Zillow Group, Inc. (ZG) reported total cost of revenue of $210M in Q2 2026.
How has Zillow Group, Inc.'s total cost of revenue changed year-over-year?
Zillow Group, Inc.'s total cost of revenue increased by 26.5% year-over-year, from $166M to $210M.
What is the long-term trend for Zillow Group, Inc.'s total cost of revenue?
Over 4 years (2021 to 2025), Zillow Group, Inc.'s total cost of revenue has grown at a -20.4% compound annual growth rate (CAGR), from $1.66B to $668M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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