Z Chart
About

Zillow Group operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States. The company operates through four categories: Residential, Mortgages, Rentals, and Other. The Residential segment includes agent and software, as well as new construction marketing solutions and StreetEasy for sale products. This segment also offers advertising and marketing solutions for real estate agents, premier agent, SaaS customer relationship management, real estate transaction management, appointment center, and enhanced listing services. The Rentals segment includes advertising and a suite of tools for property managers, landlords, and other rental professionals, as well as rental applications. The Mortgages segment provides mortgage originations through Zillow Home Loans and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. The company also generates revenue from display advertising. It also offers a brand portfolio including Zillow, Zillow Premier Agent, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop and Zillow Closing; and a suite of marketing software and technology solutions for the real estate industry. Zillow Group, Inc. was founded in 2004 and is headquartered in Seattle, Washington.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Internet Content & Infor Market Cap 10.59B
Enterprise Value 9.65B Income 23.00M Sales 2.58B
Book/sh 20.31 Cash/sh 5.43 Dividend Yield —
Payout 0.00% Employees 7068 IPO —
P/E 485.89 Forward P/E 14.74 PEG —
P/S 4.10 P/B 2.15 P/C —
EV/EBITDA 139.80 EV/Sales 3.73 Quick Ratio 2.14
Current Ratio 3.12 Debt/Eq 9.36 LT Debt/Eq —
EPS (ttm) 0.09 EPS next Y 2.97 EPS Growth —
Revenue Growth 18.10% Earnings 2026-05-06 ROA -0.35%
ROE 0.47% ROIC — Gross Margin 74.14%
Oper. Margin -1.68% Profit Margin 0.89% Shs Outstand 187.82M
Shs Float 221.32M Short Float — Short Ratio 3.71
Short Interest — 52W High 93.88 52W Low 41.91
Beta 2.02 Avg Volume 3.64M Volume 4.71M
Target Price $74.67 Recom Hold Prev Close $42.83
Price $43.73 Change 2.10%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$74.67
Mean price target
2. Current target
$43.73
Latest analyst target
3. DCF / Fair value
$8.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$43.73
Low
$60.00
High
$90.00
Mean
$74.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-11 main Keefe, Bruyette & Woods Market Perform → Market Perform $60
2026-02-11 reit Needham Hold → Hold —
2026-02-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $65
2025-11-03 main Keefe, Bruyette & Woods Market Perform → Market Perform $80
2025-10-31 main JP Morgan Overweight → Overweight $95
2025-10-06 init Oppenheimer — → Perform —
2025-08-08 down Zelman & Assoc Outperform → Neutral —
2025-08-07 main JP Morgan Overweight → Overweight $94
2025-08-07 main B of A Securities Neutral → Neutral $88
2025-05-08 main JP Morgan Overweight → Overweight $79
2025-05-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $74
2025-05-07 main Keefe, Bruyette & Woods Market Perform → Market Perform $76
2025-05-05 reit Wedbush Outperform → Outperform $100
2025-04-21 init William Blair — → Market Perform —
2025-03-28 init Keefe, Bruyette & Woods — → Market Perform $80
2025-02-12 reit Wedbush Outperform → Outperform $100
2025-02-12 reit Needham Hold → Hold —
2025-01-13 main Morgan Stanley Equal-Weight → Equal-Weight $75
2024-11-07 reit Needham — → Hold —
2024-10-22 main Jefferies Buy → Buy $90
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 39663 1796191 — Sale at price 45.29 per share. FRINK LLOYD DILLING President — 2026-02-20 00:00:00 D
1 56394 1263790 — Conversion of Exercise of derivative security at price 22.41 per share. FRINK LLOYD DILLING President — 2026-02-20 00:00:00 D
2 7786 340482 — Sale at price 43.73 per share. HOFMANN JEREMY Chief Financial Officer — 2026-02-18 00:00:00 D
3 9262 408009 — Sale at price 43.95 - 44.19 per share. SPAULDING DANIEL Officer — 2026-02-17 00:00:00 D
4 18390 813589 — Sale at price 44.20 - 44.25 per share. WACKSMAN JEREMY Chief Executive Officer — 2026-02-17 00:00:00 D
5 16835 361279 — Conversion of Exercise of derivative security at price 21.46 per share. HOAG JAY C. Director — 2026-02-13 00:00:00 D
6 4619 204742 — Sale at price 44.20 - 44.42 per share. OWENS BRADLEY D General Counsel — 2026-02-13 00:00:00 D
7 300000 6723000 — Conversion of Exercise of derivative security at price 22.41 per share. BARTON RICHARD N Officer, Director and Beneficial Owner — 2026-02-12 00:00:00 D
8 5538 244879 — Sale at price 44.22 per share. HOFMANN JEREMY Chief Financial Officer — 2026-02-12 00:00:00 D
9 7015 310124 — Sale at price 44.21 per share. SAMUELSON ERROL G Officer — 2026-02-12 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.68M-4.62M-5.04M-9.99M
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA187.00M126.00M154.00M419.00M
TotalUnusualItems-8.00M-22.00M-24.00M-37.00M
TotalUnusualItemsExcludingGoodwill-8.00M-22.00M-24.00M-37.00M
NetIncomeFromContinuingOperationNetMinorityInterest-112.00M-158.00M-88.00M102.00M
ReconciledDepreciation250.00M222.00M180.00M153.00M
ReconciledCostOfRevenue527.00M421.00M367.00M323.00M
EBITDA179.00M104.00M130.00M382.00M
EBIT-71.00M-118.00M-50.00M229.00M
NetInterestIncome-36.00M-36.00M-35.00M-128.00M
InterestExpense36.00M36.00M35.00M128.00M
NormalizedIncome-105.68M-140.62M-69.04M129.01M
NetIncomeFromContinuingAndDiscontinuedOperation-112.00M-158.00M-101.00M-528.00M
TotalExpenses2.43B2.19B2.03B1.87B
TotalOperatingIncomeAsReported-197.00M-270.00M-93.00M239.00M
DilutedAverageShares234.08M233.57M242.16M249.94M
BasicAverageShares234.08M233.57M242.16M249.94M
DilutedEPS-0.48-0.68-0.42-2.11
BasicEPS-0.48-0.68-0.42-2.11
DilutedNIAvailtoComStockholders-112.00M-158.00M-101.00M-528.00M
NetIncomeCommonStockholders-112.00M-158.00M-101.00M-528.00M
NetIncome-112.00M-158.00M-101.00M-528.00M
NetIncomeIncludingNoncontrollingInterests-112.00M-158.00M-101.00M-528.00M
NetIncomeDiscontinuousOperations0.000.00-13.00M-630.00M
NetIncomeContinuousOperations-112.00M-158.00M-88.00M102.00M
TaxProvision5.00M4.00M3.00M-1.00M
PretaxIncome-107.00M-154.00M-85.00M101.00M
OtherIncomeExpense119.00M129.00M19.00M-30.00M
OtherNonOperatingIncomeExpenses127.00M151.00M43.00M7.00M
SpecialIncomeCharges-8.00M-22.00M-24.00M-37.00M
OtherSpecialCharges1.00M-1.00M17.00M
WriteOff6.00M19.00M24.00M10.00M
RestructuringAndMergernAcquisition1.00M4.00M0.0010.00M
NetNonOperatingInterestIncomeExpense-36.00M-36.00M-35.00M-128.00M
InterestExpenseNonOperating36.00M36.00M35.00M128.00M
OperatingIncome-190.00M-247.00M-69.00M259.00M
OperatingExpense1.90B1.77B1.66B1.55B
ResearchAndDevelopment585.00M560.00M498.00M421.00M
SellingGeneralAndAdministration1.31B1.21B1.16B1.13B
SellingAndMarketingExpense790.00M658.00M664.00M715.00M
GeneralAndAdministrativeExpense524.00M553.00M498.00M414.00M
OtherGandA524.00M553.00M498.00M414.00M
GrossProfit1.71B1.52B1.59B1.81B
CostOfRevenue527.00M421.00M367.00M323.00M
TotalRevenue2.24B1.95B1.96B2.13B
OperatingRevenue2.19B1.91B1.92B2.08B
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber242.49M233.35M234.27M250.63M
ShareIssued242.49M233.35M234.27M250.63M
NetDebt208.00M231.00M2.23B
TotalDebt660.00M1.83B1.87B1.60B
TangibleBookValue1.50B1.19B1.95B2.79B
InvestedCapital5.41B6.23B6.18B6.77B
WorkingCapital1.50B2.18B3.33B3.80B
NetTangibleAssets1.50B1.19B1.95B2.79B
CapitalLeaseObligations97.00M132.00M170.00M172.00M
CommonStockEquity4.85B4.53B4.48B5.34B
TotalCapitalization4.85B5.53B6.14B6.66B
TotalEquityGrossMinorityInterest4.85B4.53B4.48B5.34B
StockholdersEquity4.85B4.53B4.48B5.34B
GainsLossesNotAffectingRetainedEarnings-3.00M-5.00M-15.00M7.00M
OtherEquityAdjustments-3.00M-5.00M-15.00M7.00M
RetainedEarnings-1.88B-1.77B-1.61B-1.67B
AdditionalPaidInCapital6.73B6.30B6.11B7.00B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest981.00M2.13B2.08B5.35B
TotalNonCurrentLiabilitiesNetMinorityInterest150.00M1.16B1.81B1.47B
OtherNonCurrentLiabilities67.00M60.00M12.00M5.00M
LongTermDebtAndCapitalLeaseObligation83.00M1.09B1.80B1.47B
LongTermCapitalLeaseObligation83.00M95.00M139.00M148.00M
LongTermDebt1.00B1.66B1.32B
CurrentLiabilities831.00M971.00M270.00M3.88B
OtherCurrentLiabilities33.00M30.00M3.53B
CurrentDeferredLiabilities62.00M52.00M44.00M51.00M
CurrentDeferredRevenue62.00M52.00M44.00M51.00M
CurrentDebtAndCapitalLeaseObligation577.00M737.00M68.00M137.00M
CurrentCapitalLeaseObligation14.00M37.00M31.00M24.00M
CurrentDebt563.00M700.00M37.00M113.00M
OtherCurrentBorrowings418.00M607.00M
LineOfCredit145.00M93.00M37.00M113.00M
PensionandOtherPostRetirementBenefitPlansCurrent57.00M47.00M48.00M61.00M
PayablesAndAccruedExpenses102.00M105.00M110.00M100.00M
CurrentAccruedExpenses72.00M77.00M90.00M89.00M
InterestPayable8.26M
Payables30.00M28.00M20.00M11.00M
OtherPayable6.59M
TotalTaxPayable17.84M
AccountsPayable30.00M28.00M20.00M11.00M
TotalAssets5.83B6.65B6.56B10.70B
TotalNonCurrentAssets3.50B3.50B2.96B3.02B
OtherNonCurrentAssets21.00M21.00M12.00M85.00M
NonCurrentAccountsReceivable25.00M23.00M23.00M35.00M
GoodwillAndOtherIntangibleAssets3.35B3.33B2.53B2.55B
OtherIntangibleAssets522.78M516.08M154.00M176.00M
Goodwill2.82B2.82B2.37B2.37B
NetPPE103.22M125.92M397.00M345.00M
AccumulatedDepreciation-34.78M-34.08M-159.00M-119.00M
GrossPPE138.00M160.00M556.00M464.00M
Leases45.00M48.00M90.00M107.00M
ConstructionInProgress452.00M298.00M182.00M
OtherProperties59.00M73.00M126.00M130.00M
MachineryFurnitureEquipment34.00M39.00M42.00M45.00M
Properties0.000.000.000.00
CurrentAssets2.33B3.15B3.60B7.68B
OtherCurrentAssets210.00M140.00M126.00M140.00M
AssetsHeldForSaleCurrent159.00M100.00M41.00M4.63B
RestrictedCash3.00M3.00M2.00M1.00M
PrepaidAssets153.56M
Inventory3.91B
FinishedGoods2.73B
WorkInProcess1.19B
Receivables104.00M96.00M72.00M77.00M
AccountsReceivable104.00M96.00M72.00M77.00M
AllowanceForDoubtfulAccountsReceivable-3.76M
GrossAccountsReceivable158.69M
CashCashEquivalentsAndShortTermInvestments1.86B2.81B3.36B2.83B
OtherShortTermInvestments776.00M1.32B1.90B514.00M
CashAndCashEquivalents1.08B1.49B1.47B2.31B
CashEquivalents1.07B1.44B1.34B2.13B
CashFinancial13.00M50.00M128.00M183.00M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow257.00M189.00M4.36B-3.28B
RepurchaseOfCapitalStock-301.00M-424.00M-947.00M-302.00M
RepaymentOfDebt-1.20B-56.00M-3.44B-1.98B
IssuanceOfDebt52.00M56.00M0.004.76B
IssuanceOfCapitalStock0.000.00545.00M
CapitalExpenditure-171.00M-165.00M-140.00M-105.00M
InterestPaidSupplementalData35.00M28.00M50.00M109.00M
IncomeTaxPaidSupplementalData6.00M6.00M6.00M0.00
EndCashPosition1.08B1.50B1.47B2.84B
BeginningCashPosition1.50B1.47B2.84B1.78B
ChangesInCash-410.00M27.00M-1.37B1.06B
FinancingCashFlow-1.23B-352.00M-4.34B3.15B
CashFlowFromContinuingFinancingActivities-1.23B-352.00M-4.34B3.15B
NetOtherFinancingCharges-129.00K
ProceedsFromStockOptionExercised212.00M72.00M46.00M127.00M
NetCommonStockIssuance-301.00M-424.00M-947.00M243.00M
CommonStockPayments-301.00M-424.00M-947.00M-302.00M
CommonStockIssuance0.000.00545.00M
NetIssuancePaymentsOfDebt-1.14B0.00-3.44B2.78B
NetShortTermDebtIssuance52.00M56.00M-2.28B1.64B
ShortTermDebtPayments0.000.00-2.28B-1.98B
ShortTermDebtIssuance52.00M56.00M0.003.62B
NetLongTermDebtIssuance-1.20B-56.00M-1.16B1.14B
LongTermDebtPayments-1.20B-56.00M-1.16B-1.00M
LongTermDebtIssuance0.000.001.14B
InvestingCashFlow395.00M25.00M-1.53B1.09B
CashFlowFromContinuingInvestingActivities395.00M25.00M-1.53B1.09B
NetInvestmentPurchaseAndSale573.00M623.00M-1.39B1.69B
SaleOfInvestment1.28B1.29B802.00M2.21B
PurchaseOfInvestment-706.00M-664.00M-2.19B-516.00M
NetBusinessPurchaseAndSale-7.00M-433.00M-4.00M-497.00M
PurchaseOfBusiness-7.00M-433.00M-4.00M-497.00M
NetIntangiblesPurchaseAndSale-28.00M-30.00M-25.00M-31.00M
PurchaseOfIntangibles-28.00M-30.00M-25.00M-31.00M
NetPPEPurchaseAndSale-143.00M-135.00M-115.00M-74.00M
PurchaseOfPPE-143.00M-135.00M-115.00M-74.00M
OperatingCashFlow428.00M354.00M4.50B-3.18B
CashFlowFromContinuingOperatingActivities428.00M354.00M4.50B-3.18B
ChangeInWorkingCapital-175.00M-165.00M3.89B-3.75B
ChangeInOtherWorkingCapital-13.00M-20.00M-25.00M-25.00M
ChangeInOtherCurrentLiabilities-33.00M-32.00M-14.00M-41.00M
ChangeInOtherCurrentAssets-59.00M-59.00M66.00M224.00M
ChangeInPayablesAndAccruedExpense12.00M-13.00M-128.00M79.00M
ChangeInAccruedExpense10.00M-19.00M-131.00M74.00M
ChangeInPayable2.00M6.00M3.00M5.00M
ChangeInAccountPayable2.00M6.00M3.00M5.00M
ChangeInPrepaidAssets-74.00M-17.00M6.00M-82.00M
ChangeInInventory0.000.003.90B-3.83B
ChangeInReceivables-8.00M-24.00M82.00M-82.00M
ChangesInAccountReceivables-8.00M-24.00M82.00M-82.00M
OtherNonCashItems37.00M24.00M80.00M557.00M
StockBasedCompensation448.00M451.00M451.00M312.00M
AssetImpairmentCharge6.00M16.00M0.0057.00M
AmortizationOfSecurities-27.00M-35.00M-18.00M9.00M
DeferredTax-2.75M
DeferredIncomeTax-2.75M
DepreciationAmortizationDepletion250.00M222.00M180.00M153.00M
DepreciationAndAmortization250.00M222.00M180.00M153.00M
Depreciation250.00M222.00M180.00M153.00M
OperatingGainsLosses1.00M-1.00M21.00M17.00M
NetIncomeFromContinuingOperations-112.00M-158.00M-101.00M-528.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for Z
Date User Asset Broker Type Position Size Entry Price Patterns