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Zillow Group, Inc. ZG Mortgages Segment — Outstanding Borrowings

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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:ShortTermBorrowings.

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

As of June 30, 2026 and December 31, 2025, $487 million and $381 million, respectively, in mortgage loans held for sale were pledged as collateral under the master repurchase agreements.

Item 1. Financial Statements (unaudited)

FAQ

What is Zillow Group, Inc.'s mortgages segment — outstanding borrowings?
Zillow Group, Inc. (ZG) reported mortgages segment — outstanding borrowings of $487M in Q2 2026.
How has Zillow Group, Inc.'s mortgages segment — outstanding borrowings changed year-over-year?
Zillow Group, Inc.'s mortgages segment — outstanding borrowings increased by 101.2% year-over-year, from $242M to $487M.
What is the long-term trend for Zillow Group, Inc.'s mortgages segment — outstanding borrowings?
Over 4 years (2021 to 2025), Zillow Group, Inc.'s mortgages segment — outstanding borrowings has grown at a 17.6% compound annual growth rate (CAGR), from $569.4M to $1.09B.
What does mortgages segment — outstanding borrowings mean?
This metric represents the total principal amount of debt currently drawn and owed by the mortgage lending segment under various financing arrangements. It reflects the company's current leverage position specifically tied to funding mortgage originations and holding loans before they are sold to secondary market investors. Monitoring this balance is essential for assessing the segment's liquidity risk and the scale of its active loan portfolio.

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