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Companies / Real Estate / Zillow Group, Inc.
ZG

Zillow Group, Inc.

Real EstateBusiness Services
Ticker ZGSEATTLE, WAFiscal year ends DecemberBook value per share $18.42Diluted shares 229.6M

Zillow Group, Inc. (Nasdaq: ZG, Z) operates a residential real estate technology platform connecting consumers with homes, agents, lenders and rental housing providers. Its services span home search, buying, selling, financing and renting, as well as software and marketing tools for real estate professionals. Buyers… From the company’s description.

Over the twelve months to Sep 30, 2026, Zillow Group, Inc. reported revenue of $2.86B, up 15.1% from a year earlier, and a net loss of $113.00M. Its operating margin was −5.1%, and operations generated $445.00M in cash. In fiscal 2025, it reported revenue of $2.58B, up 15.5% from fiscal 2024, and net income of $23.00M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$2.58BFY2025
+15.5% year over year
Last 12 mo $2.86B
-1.32%FY2025
+7.5 percentage points
Last 12 mo -5.11%
$23.00MFY2025
+120.5% year over year
Last 12 mo $-113.00M
0.51%FY2025
+2.7 percentage points
Last 12 mo -1.15%
Cash & financing
$368.00MFY2025
−14.0% year over year
Last 12 mo $445.00M
$235.00MFY2025
−17.5% year over year
Last 12 mo $313.00M
0.07FY2025
Was 0.12× a year earlier
Last 12 mo 0.09
254.1MFY2025
+8.6% year over year
Last 12 mo 229.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Zillow Group, Inc. does

In the company’s own words

Zillow Group, Inc. (Nasdaq: ZG, Z) operates a residential real estate technology platform connecting consumers with homes, agents, lenders and rental housing providers. Its services span home search, buying, selling, financing and renting, as well as software and marketing tools for real estate professionals. Buyers can search listings, arrange tours, connect with agents and obtain mortgages through Zillow Home Loans; sellers can work with agents and use premium listing features. Renters can search listings, tour properties, apply, sign leases and make payments, while landlords and property managers can advertise and access leasing and management tools. The company also provides agents with advertising, customer-management and transaction software, including Follow Up Boss, ShowingTime, dotloop and Zillow Showcase. Its consumer-facing brands include Zillow, Trulia and StreetEasy, and its proprietary Zestimate provides estimated home values. Zillow’s database covers approximately 173 million U.S. homes, and it had 7,068 employees at December 31, 2025. Its website is www.zillowgroup.com.

Company details
Sector
Real Estate
Industry (SIC)
Business Services
Headquarters
SEATTLE, WA
Fiscal year end
December
CIK
1617640
SIC
7389

Financial performance, year by year

Fiscal 2015–2025 · USD
$-1.40B$1.21B$3.81B$6.41B$9.01B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Zillow Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

295
funds hold it
0 of 35
superinvestors hold it
$2.12B
held by funds, at market
24.6%
of shares held by funds

Largest fund holders · Zillow Group, Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets
0.09%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
ZClass C Capital Stock, par value $0.0001 per share27.6%267177.9M
ZGClass A Common Stock, par value $0.0001 per share24.6%18141.4M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Zillow Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Zillow Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Zillow Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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