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Zillow Group, Inc. ZG Rentals — Total Revenue

Other product segments

Residential
$450M+7.9%
Mortgages
$64M+56.1%
Other
$11M0.0%

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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 / equity-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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 rentals — total revenue?
Zillow Group, Inc. (ZG) reported rentals — total revenue of $183M in Q1 2026.
How has Zillow Group, Inc.'s rentals — total revenue changed year-over-year?
Zillow Group, Inc.'s rentals — total revenue increased by 41.9% year-over-year, from $129M to $183M.
What is the long-term trend for Zillow Group, Inc.'s rentals — total revenue?
Over 4 years (2021 to 2025), Zillow Group, Inc.'s rentals — total revenue has grown at a 24.3% compound annual growth rate (CAGR), from $264M to $630M.
What does rentals — total revenue mean?
This metric represents the total gross revenue generated by the company's rental marketplace segment, encompassing all services provided to property managers, landlords, and renters. It serves as a primary indicator of the company's market penetration and monetization success within the residential rental ecosystem. Growth in this figure reflects the platform's ability to attract and retain rental listings and professional advertising partners.