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Zillow Group, Inc. income statement

In fiscal 2025, Zillow Group, Inc. reported revenue of $2.58bn, up 15.5% on the year before, operating income of −$34.0m (a -1.3% margin) and net income of $23.0m, or $0.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1983266458471,0771,3342,7431,6242,1321,9581,9452,2362,5832,810
Cost of revenue19296069851541,544255323367421527668762
Gross profit1792965857779921,1801,1991,3691,8091,5911,5241,7091,9152,048
Research and development4885184256320411351324421498560585607611
Selling and marketing109169308382448553729535715664658790843878
General and administrative3866185332211262366324414498553524497509
Operating income−17−45−150−193−162−129−247109239−93−270−197−3412
Interest expense——5728411021381283536361818
Income before tax−17−44−154−220−184−151−310−3101−85−154−1072560
Income tax−4—−50−90−31−4−8−134525
Net income−12−44−149−220−94−120−305−162−528−101−158−1122355
Diluted EPS−$0.12−$0.36−$0.88−$1.22−$0.51−$0.61−$1.48−$0.70−$2.02−$0.42−$0.68−$0.48$0.09$0.23
Diluted shares (average)108m120m170m180m186m198m206m231m262m242m234m234m254m244m
EBITDA6−9−74−92−52−30−16022036964−8343230274

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Zillow Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Zillow Group, Inc.