Zillow Group, Inc. Class C (Z) — Financial statements
Income statement, balance sheet, and cash flow for Zillow Group, Inc. Class C — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,583↑15.5% | 2,236↑15.0% | 1,945↓0.7% | 1,958↓8.2% | 2,132 | |
| Cost of Revenue | 668↑26.8% | 527↑25.2% | 421↑14.7% | 367↑13.6% | 323 | |
| Gross Profit | 1,915↑12.1% | 1,709↑12.1% | 1,524↓4.2% | 1,591↓12.1% | 1,809 | |
| Operating Expenses | ||||||
| R&D Expenses | 607↑3.8% | 585↑4.5% | 560↑12.4% | 498↑18.3% | 421 | |
| General & Administrative Expenses | 497↓5.2% | 524↓5.2% | 553↑11.0% | 498↑20.3% | 414 | |
| Selling & Marketing Expenses | 843↑6.7% | 790↑20.1% | 658↓0.9% | 664↓7.1% | 715 | |
| SG&A Expenses | 1,340↑2.0% | 1,314↑8.5% | 1,211↑4.2% | 1,162↑2.9% | 1,129 | |
| Other Expenses | 0.00↓100.0% | 7↓69.6% | 23↓4.2% | 24↑20.0% | 20 | |
| Operating Expenses | 1,947↑2.2% | 1,906↑6.2% | 1,794↑6.5% | 1,684↑7.3% | 1,570 | |
| Total Costs & Expenses | 2,615↑7.5% | 2,433↑9.8% | 2,215↑8.0% | 2,051↑8.3% | 1,893 | |
| Operating Results | ||||||
| Operating Income | -32↑83.8% | -197↑27.0% | -270↓190.3% | -93↓138.9% | 239 | |
| Depreciation & Amortization | 293↑17.2% | 250↑2.9% | 243↑35.0% | 180↑17.6% | 153 | |
| EBITDA | 261↑45.8% | 179↑43.2% | 125↓3.8% | 130↓66.0% | 382 | |
| EBIT | -32↑54.9% | -71↑39.8% | -118↓136.0% | -50↓121.8% | 229 | |
| Interest & Other Income | ||||||
| Net Interest Income | -18↑50.0% | -36↑0.0% | -36↓2.9% | -35↑72.7% | -128 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 18↓50.0% | 36↑0.0% | 36↑2.9% | 35↓72.7% | 128 | |
| Non-Operating Income | 0.00↑100.0% | -126↑17.1% | -152↓253.5% | -43↓530.0% | 10 | |
| Other Income / Expenses | 57↓36.7% | 90↓22.4% | 116↑1350.0% | 8↑105.8% | -138 | |
| Income Before Tax | 25↑123.4% | -107↑30.5% | -154↓81.2% | -85↓184.2% | 101 | |
| Income Tax Expense | 2↓60.0% | 5↑25.0% | 4↑33.3% | 3↑400.0% | -1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 23↑120.5% | -112↑29.1% | -158↓79.5% | -88↓186.3% | 102 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00↑100.0% | -13↑97.9% | -630 | |
| Net Income | 23↑120.5% | -112↑29.1% | -158↓56.4% | -101↑80.9% | -528 | |
| Bottom-Line Net Income | 23↑120.5% | -112↑29.1% | -158↓56.4% | -101↑80.9% | -528 | |
| EPS (Basic) | 0.10↑119.8% | -0.48↑29.4% | -0.68↓61.9% | -0.42↑80.1% | -2.11 | |
| EPS (Diluted) | 0.09↑118.9% | -0.48↑29.4% | -0.68↓61.9% | -0.42↑80.1% | -2.11 | |
| Weighted Average Shares | 242↑3.4% | 234↑0.2% | 234↓3.5% | 242↓3.1% | 250 | |
| Weighted Average Diluted Shares | 254↑8.6% | 234↑0.2% | 234↓3.5% | 242↓3.1% | 250 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.