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Zillow Group, Inc. ZG Reportable Segments — Software and hardware costs

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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 z:SoftwareAndHardwareCosts.

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
Share-based compensation7599156196
Depreciation and amortization6567130132
Marketing and advertising costs7464119107
Software and hardware costs39277353
Third-party professional service fees40197136
Restructuring costs3636
Facility expenses771314
Other items (1)13122026

Item 1. Financial Statements (unaudited)

FAQ

What is Zillow Group, Inc.'s reportable segments — software and hardware costs?
Zillow Group, Inc. (ZG) reported reportable segments — software and hardware costs of $39M in Q2 2026.
How has Zillow Group, Inc.'s reportable segments — software and hardware costs changed year-over-year?
Zillow Group, Inc.'s reportable segments — software and hardware costs increased by 44.4% year-over-year, from $27M to $39M.
What does reportable segments — software and hardware costs mean?
Includes the costs associated with the technology infrastructure, software licenses, and hardware required to operate the segment's digital platforms. It highlights the segment's reliance on and investment in the technical stack necessary to deliver its services.

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