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Ziff Davis, Inc. (ZD) stock

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NASDAQ: ZD Nasdaq Interactive Media & Services Next results ~November 5, 2026

Ziff Davis, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Ziff Davis, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 10 sales by directors and officers, last 12 monthsInsider trades
  • Funds109 adding, 155 cuttingOf 35 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Ziff Davis files

Where Ziff Davis stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.32bn, down 0.7% on a year earlier, a smaller fall than the 2.0% decline a quarter earlier. Free-cash-flow margin rose to 23.9% from 17.5% a year earlier. The diluted share count is down 7.3% on a year earlier, which lifts each remaining share. It passes 7 of our 7 financial-health checks.

Our model value for Ziff Davis is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Ziff Davis, Inc.'s trailing-twelve-month revenue fell 0.7% year on year, with a free-cash-flow margin of 23.9%.

Our discounted-cash-flow model values the business at ~$110 per share in the base case (~$87–$140 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 35.9% while net income grew 873.6%: a 838pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 23.9% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 7.3% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.9bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.5% over 90 days.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 0.7% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of 0.6 against the S&P 500.
  • Weak cash conversion. Free cash flow was 49% of net income over the last 12 months.
  • Heavily shorted. 22.6% of the shares available to trade are sold short (6.7 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$1.03 against an average estimate of $0.84: beat by 23.2%
Revenue
$287m, down 2.7% on a year earlier
Share reaction
+6.6% in the first session after the results on August 7, 2026, against +0.6% for the S&P 500
Next report
November 5, 2026; average EPS estimate $1.25

Ziff Davis' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.0%
  • 1 week-7.9%
  • 1 month-3.7%
  • This year+51.2%
  • 1 year+56.8%
  • 5 years-59.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
5.5%
Net margin
48.6%
EPS (TTM, diluted)
$16.73

Growth

Revenue growth
−0.7%
Change in growth rate
+1.3 pts
Share count change
−7.3%

Cash

Free cash flow (TTM)
$317M
FCF margin
23.9%
Stock pay % of revenue
3.5%

Earnings

Last results
August 7, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Results
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ziff Davis, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Ziff Davis, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$58 ~$48–$100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$92 ~$69–$120 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$99 ~$86–$120 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ziff Davis, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$66.69$67.59$63.21$59.70$81.49$84.95$110.86$79.10$67.19$54.34$35.15$53.15
Market value$3.2bn$3.2bn$3.1bn$2.9bn$4.0bn$4.0bn$5.3bn$3.7bn$3.1bn$2.4bn$1.4bn$2.0bn
+ Net debt (− = net cash)$337m$657m$651m$804m$873m$1.5bn$496m$346m$264m$358m$293m−$738m
Enterprise value$3.5bn$3.9bn$3.7bn$3.7bn$4.9bn$5.5bn$5.8bn$4.1bn$3.4bn$2.8bn$1.7bn$1.3bn
Multiples
Price / sales 4.4x3.7x2.8x2.4x3.8x3.5x3.7x2.7x2.3x1.7x1.0x1.5x
Price / earnings 24.0x21.3x22.1x22.7x18.3x26.6x10.7x58.3x75.2x38.4x30.5x3.2x
Price / free cash flow 15.1x12.6x13.7x8.5x11.7x10.3x13.2x16.2x14.8x8.5x5.0x6.5x
EV / EBITDA 12.1x10.7x9.1x8.6x15.2x15.1x13.6x9.4x9.2x8.5x4.2x4.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

77 /100

Strong moat

How hard Ziff Davis's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Cash operating profit has been a median 11.7% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 85.5%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 11.7%; its worst year was 3.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 23.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.1% over five years; stock-based pay has been a median 2.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (82 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $295m and EPS of $1.25 (range $1.08 to $1.43) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.15 −22% $1.2bn −18%
Next $5.98 +16% $1.2bn +2%

Next year's EPS estimate has moved +7.5% in 90 days, across 6 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.84 $1.03 +23.2%
Mar 2026 $0.77 $0.73 −5.1%
Dec 2025 $2.70 $2.56 −5.1%
Sept 2025 $1.78 $1.76 −1.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

6 analysts, Oct 2026
Buy350%
Hold350%
Sell00%

Monthly trend

  1. Oct 20261236
  2. Sep 20261236
  3. Aug 20261225
  4. Jul 20261225

Counts of recommendations published by analysts covering Ziff Davis, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
22.6%
of tradable shares
Days to cover
6.74
at average volume
Short interest, 1 month
−8%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
3.7%
of shares
Employees
3,900
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +56.8%

$33.90 on October 31, 2025 to $53.15

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.3bn −0.7%
Net margin 5.0% 48.6% +880.4%
P/E multiple 21.3x 3.2x −85.1%
Share count 41m 38m +7.9%

Biggest factor: net margin.

Last 3 years −14.3%

$62.01 on November 3, 2023 to $53.15

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.3bn −3.4%
Net margin 6.9% 48.6% +603.5%
P/E multiple 29.9x 3.2x −89.4%
Share count 46m 38m +18.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ZD+31%−29%−15%−19%−35%+51%
Industry peers (median)−26%−54%−2%−21%−7%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ZD67%25%42%42%33%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ZD−20%−40%−38%−44%−47%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 80% from November 9, 2021 to February 24, 2026. Getting back needed a 402% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$26.51 – $59.21
From 52-week high
−10.2%
vs 50-day average
−5.8%
vs 200-day average
+12.0%
Volatility (1 year)
62%
Beta vs S&P 500
0.59

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.4%
After a week
9 up, 3 down
typical move ±11.4%
After a month
10 up, 2 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 7, 2026 +6.6% +0.6% +8.7% +9.4%
May 8, 2026 −3.3% +1.1% −6.5% +7.1%
February 24, 2026 −9.2% +1.6% +40.4% +47.1%
November 7, 2025 −1.3% +1.7% −7.0% +7.0%
August 7, 2025 +18.4% +0.7% +16.9% +24.3%
May 9, 2025 +7.2% +3.2% +0.6% +5.8%
February 25, 2025 −10.5% −0.4% −18.6% −13.1%
November 8, 2024 +20.4% +0.5% +12.5% +19.9%
August 8, 2024 +3.6% +2.8% +8.4% +19.1%
May 9, 2024 −2.4% +0.7% +5.6% +3.6%
February 22, 2024 +5.2% +2.1% +6.2% −3.0%
November 9, 2023 −0.4% +0.8% +5.8% +4.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Ziff Davis, Inc.
$1.3B $1.3B $1.4B $1.4B $1.4B $1.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.4B Revenue (TTM), FY23 Q4: $1.4B Revenue (TTM), FY24 Q1: $1.4B Revenue (TTM), FY24 Q2: $1.4B Revenue (TTM), FY24 Q3: $1.4B Revenue (TTM), FY24 Q4: $1.4B Revenue (TTM), FY25 Q1: $1.4B Revenue (TTM), FY25 Q2: $1.3B Revenue (TTM), FY25 Q3: $1.3B Revenue (TTM), FY25 Q4: $1.3B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.4B
FY23 Q4 $1.4B
FY24 Q1 $1.4B
FY24 Q2 $1.4B
FY24 Q3 $1.4B
FY24 Q4 $1.4B
FY25 Q1 $1.4B
FY25 Q2 $1.3B
FY25 Q3 $1.3B
FY25 Q4 $1.3B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
Revenue growth, TTM YoY Ziff Davis, Inc.
-6% -4% -2% 0% 2% 4% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -2.3% Revenue growth, TTM YoY, FY23 Q4: -1.9% Revenue growth, TTM YoY, FY24 Q1: -0.8% Revenue growth, TTM YoY, FY24 Q2: -0.4% Revenue growth, TTM YoY, FY24 Q3: 0.6% Revenue growth, TTM YoY, FY24 Q4: 2.8% Revenue growth, TTM YoY, FY25 Q1: -0.8% Revenue growth, TTM YoY, FY25 Q2: -2.4% Revenue growth, TTM YoY, FY25 Q3: -2.5% Revenue growth, TTM YoY, FY25 Q4: -4.5% Revenue growth, TTM YoY, FY26 Q1: -2.0% Revenue growth, TTM YoY, FY26 Q2: -0.7% -0.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -2.3%
FY23 Q4 -1.9%
FY24 Q1 -0.8%
FY24 Q2 -0.4%
FY24 Q3 0.6%
FY24 Q4 2.8%
FY25 Q1 -0.8%
FY25 Q2 -2.4%
FY25 Q3 -2.5%
FY25 Q4 -4.5%
FY26 Q1 -2.0%
FY26 Q2 -0.7%
Operating margin (TTM) Ziff Davis, Inc.
4% 6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 10.6% Operating margin (TTM), FY23 Q4: 9.7% Operating margin (TTM), FY24 Q1: 10.4% Operating margin (TTM), FY24 Q2: 9.6% Operating margin (TTM), FY24 Q3: 8.4% Operating margin (TTM), FY24 Q4: 8.1% Operating margin (TTM), FY25 Q1: 6.8% Operating margin (TTM), FY25 Q2: 5.8% Operating margin (TTM), FY25 Q3: 10.1% Operating margin (TTM), FY25 Q4: 10.7% Operating margin (TTM), FY26 Q1: 9.8% Operating margin (TTM), FY26 Q2: 5.5% 5.5%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 10.6%
FY23 Q4 9.7%
FY24 Q1 10.4%
FY24 Q2 9.6%
FY24 Q3 8.4%
FY24 Q4 8.1%
FY25 Q1 6.8%
FY25 Q2 5.8%
FY25 Q3 10.1%
FY25 Q4 10.7%
FY26 Q1 9.8%
FY26 Q2 5.5%
FCF margin (TTM) Ziff Davis, Inc.
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 11.9% FCF margin (TTM), FY23 Q4: 15.5% FCF margin (TTM), FY24 Q1: 12.6% FCF margin (TTM), FY24 Q2: 13.5% FCF margin (TTM), FY24 Q3: 15.8% FCF margin (TTM), FY24 Q4: 20.2% FCF margin (TTM), FY25 Q1: 17.0% FCF margin (TTM), FY25 Q2: 17.5% FCF margin (TTM), FY25 Q3: 19.4% FCF margin (TTM), FY25 Q4: 21.5% FCF margin (TTM), FY26 Q1: 21.7% FCF margin (TTM), FY26 Q2: 23.9% 23.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 11.9%
FY23 Q4 15.5%
FY24 Q1 12.6%
FY24 Q2 13.5%
FY24 Q3 15.8%
FY24 Q4 20.2%
FY25 Q1 17.0%
FY25 Q2 17.5%
FY25 Q3 19.4%
FY25 Q4 21.5%
FY26 Q1 21.7%
FY26 Q2 23.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Ziff Davis took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.5B
  2. Cost of revenue $207M · 14.2%
  3. Gross profit $1.2B · 85.8%
  4. Research and development $62M · 4.3%
  5. Selling, general and admin $753M · 51.9%
  6. Other operating costs $246M · 17.0%
  7. Operating income $183M · 12.6%
  8. Income tax $25.4M · 1.8%
  9. Interest and other $110M · 7.6%
  10. Net income $47.4M · 3.3%

Shares of revenue. Source: Ziff Davis's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 246 255 330 371 521 599 721 874 1,118 1,207 1,050 1,159 1,417 1,391 1,364 1,402 1,451 1,325
Gross profit 201 211 270 304 434 493 598 727 946 1,006 863 980 1,229 1,206 1,178 1,201 1,245 1,124
EBITDA 119 118 156 184 215 249 293 365 408 431 320 367 426 432 370 326 412 285
Operating income 104 104 136 162 175 186 199 243 246 244 88 138 167 199 133 114 183 73
Net income 67 83 115 122 108 124 134 152 139 129 219 151 497 64 42 63 47 643
Diluted EPS $1.48 $1.81 $2.43 $2.61 $2.28 $2.58 $2.73 $3.13 $2.83 $2.59 $4.39 $3.18 $10.37 $1.36 $0.89 $1.42 $1.15 $16.73
Growth (year on year)
Revenue +1.7% +4.0% +29.3% +12.5% +40.2% +15.0% +20.3% +21.3% +27.9% +8.0% −13.0% +10.3% +22.3% −1.8% −1.9% +2.8% +3.5% −0.7%
EBITDA +7.3% −0.6% +31.5% +18.4% +16.8% +15.8% +17.4% +24.6% +11.8% +5.8% −25.8% +14.6% +16.0% +1.6% −14.5% −11.9% +26.5% −3.5%
Operating income +6.7% −0.5% +30.8% +19.3% +8.2% +6.1% +7.1% +21.7% +1.3% −0.6% −63.9% +56.8% +21.0% +18.9% −33.3% −14.3% +61.1% −6.2%
Net income −7.9% +24.3% +38.2% +5.9% −11.6% +15.6% +7.5% +14.1% −8.5% −7.7% +70.0% −31.1% +229.7% −87.2% −34.9% +51.9% −24.9% +873.6%
Diluted EPS −6.3% +22.3% +34.3% +7.4% −12.6% +13.2% +5.8% +14.7% −9.6% −8.5% +69.5% −27.6% +226.1% −86.9% −34.6% +59.6% −19.0% +950.4%
Margins
Gross margin 81.8% 82.7% 81.6% 82.0% 83.3% 82.3% 82.9% 83.2% 84.6% 83.3% 82.2% 84.6% 86.7% 86.7% 86.4% 85.7% 85.8% 84.9%
EBITDA margin 48.5% 46.4% 47.2% 49.6% 41.3% 41.6% 40.6% 41.7% 36.5% 35.7% 30.5% 31.7% 30.0% 31.1% 27.1% 23.2% 28.4% 21.5%
Operating margin 42.5% 40.7% 41.2% 43.7% 33.7% 31.1% 27.7% 27.7% 22.0% 20.2% 8.4% 11.9% 11.8% 14.3% 9.7% 8.1% 12.6% 5.5%
Net margin 27.2% 32.5% 34.8% 32.7% 20.6% 20.8% 18.5% 17.4% 12.5% 10.7% 20.8% 13.0% 35.1% 4.6% 3.0% 4.5% 3.3% 48.6%
Free-cash-flow margin 40.1% 37.0% 43.6% 44.4% 33.5% 27.6% 29.4% 29.5% 20.1% 28.6% 32.6% 33.4% 28.4% 16.6% 15.5% 20.2% 19.8% 23.9%
Cash flow
Cash from operations 102 96 151 170 193 177 229 282 264 401 413 480 517 336 320 390 407 448
Capital spending 3 2 7 5 19 12 17 25 40 56 71 93 114 106 109 107 119 132
Free cash flow 99 95 144 165 175 165 212 258 225 345 342 388 403 230 211 284 288 317
Stock-based pay 11 11 9 9 10 9 12 14 23 28 24 24 25 27 32 41 45 46
Free cash flow after stock pay 88 84 135 156 165 156 200 244 202 317 318 364 378 204 179 243 243 271
Balance sheet
Cash 197 65 139 219 208 434 256 124 351 209 576 176 695 653 738 506 574 1,606
Total debt 0 0 0 245 246 593 592 781 1,002 1,013 1,448 1,703 1,191 999 1,001 864 867 868
Net debt (negative = net cash) −197 −65 −139 27 38 160 337 657 651 804 873 1,527 496 346 264 358 293 −738
Diluted shares 45m 46m 46m 46m 46m 47m 48m 48m 49m 49m 49m 47m 48m 47m 46m 45m 41m 38m
Returned to shareholders
Dividends — 0 19 40 45 52 59 66 73 83 44 0 0 — — — — —
Buybacks 0 4 1 60 5 6 4 56 10 47 21 276 78 78 109 185 174 278
Total returned 0 4 20 101 50 58 63 122 83 130 65 276 78 78 109 185 174 278

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · June 30, 2026
What it owns · $4.0bn
Short-term assets $2.1bnLonger-term assets $1.9bn
What it owes, and who funded it · $4.0bn
Short-term liabilities $963mLonger-term liabilities $797mShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $963m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $797m of longer-dated liabilities.
  • More cash than debt $1.6bn of cash against $868m of debt.
  • Debt below 40% of shareholders' equity Debt is 39% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 53% to 39% over five years.
  • A year's operating cash flow covers at least 20% of debt $448m of operating cash flow against $868m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Ziff Davis, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$278M
Buybacks, last 3 fiscal years
$468M
Diluted share count
−7.3%
year over year
Total shareholder yield
15.0%
dividends 0.0% + buybacks 15.0% of market value
R&D spending
4.3%
of revenue
Days sales outstanding
115 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated ZD MAX QNST WBTN TREE YELP Median
Revenue, last 12 months $1.3bn $1.3bn $1.3bn $1.4bn $1.3bn $1.5bn $642m
Revenue growth, last 12 months −0.7% 15.2% 18.3% −0.5% 25.3% 1.5% 2.2%
Revenue growth, 3-year average −1.2% 48.5% 30.6% — 15.5% 5.1% 3.9%
Revenue growth, latest quarter −2.7% 22.7% 42.7% −2.8% 25.3% 1.4% 1.4%
Gross margin 84.9% 14.8% 11.3% 24.4% 29.8% 92.4% 60.9%
Operating margin 5.5% 7.2% 2.7% −3.8% 8.2% 11.7% 0.6%
Operating margin, 3-year average 7.0% 4.2% −0.4% −4.9% 3.2% 11.0% 0.5%
Net margin 48.6% 8.4% 6.3% −25.1% 14.3% 8.6% 3.9%
Cash from operations / revenue 33.8% 4.3% 10.1% 0.4% 6.8% 23.7% 11.4%
Free-cash-flow margin 23.9% 4.2% 9.9% −0.3% 5.8% 20.2% 7.5%
Free-cash-flow margin, 3-year average 18.3% 5.8% 6.2% 1.3% 5.8% 19.8% 7.4%
Stock pay / revenue 3.5% 2.4% 2.9% 2.6% 1.9% 8.3% 3.7%
Change in share count −7.3% 9.7% −0.2% 2.4% 7.2% −11.1% 2.0%

Median of all 64 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1.2B 84.0% ▲ 4.6%
Outside the US $232M 16.0% ▼ 1.7%

From Ziff Davis, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.1B
Institutions reporting
261
Shares held vs prior quarter
▼ 2.5%
Positions opened / closed
41 / 48

Top buyers and sellers, Q2 2026: 109 institutions bought and 155 sold ; the biggest buyer was American Century Companies Inc (+592K shares) and the biggest seller Nordea Investment Management AB (−595K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $302M 5.8M 14.1% ▼ 6.0%
Jupiter Topco LLC $188M 3.6M 8.8% —
Pale Fire Capital Se $139M 2.7M 6.5% ▼ 4.4%
Dimensional Fund Advisors LP $118M 2.3M 5.5% ▲ 8.9%
Vanguard Portfolio Management LLC $115M 2.2M 5.4% ▼ 3.2%
Legal & General Group PLC $94.3M 1.8M 4.4% ▼ 8.9%
Vanguard Capital Management LLC $86.8M 1.7M 4.0% ▼ 2.4%
State Street Corp $84.7M 1.6M 4.0% ▼ 3.8%
First Trust Advisors LP $53M 1.0M 2.5% ▲ 3.9%
LSV Asset Management $51M 974K 2.4% ▲ 4.4%
Geode Capital Management, LLC $50.6M 966K 2.4% ▼ 4.0%
D. E. Shaw & Co., Inc. $43.5M 830K 2.0% ▲ 22.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ziff Davis, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.1M 10 trades by 6 insiders · 0% under pre-set plans
Net ▼ $2.1M net selling
Insider Date Trade Shares Price Value
Kretzmer W Brian Director August 18, 2026 Sell 2,513 $55.31 $138,994
Tansley Lori A. Chief Accounting Officer August 12, 2026 Sell 1,400 $54.76 $76,664
Rossen Jeremy EVP/General Counsel August 10, 2026 Sell 3,819 $54.93 $209,778
Richter Bret Chief Financial Officer June 10, 2026 Sell 18,000 $46.88 $843,840
Mcdonald Kirk P Director June 8, 2026 Sell 975 $46.65 $45,484
Mcdonald Kirk P Director June 8, 2026 Sell 100 $46.66 $4,666
Rossen Jeremy EVP/General Counsel June 5, 2026 Sell 8,000 $47.00 $376,000
Barsten Jana Director June 3, 2026 Sell 3,347 $45.00 $150,615
Kretzmer W Brian Director June 2, 2026 Sell 1,968 $44.51 $87,596
Rossen Jeremy EVP/General Counsel May 28, 2026 Sell 4,347 $45.75 $198,875

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 7, 2026
  • May 8, 2026
  • February 24, 2026
  • November 7, 2025
  • August 7, 2025
  • May 9, 2025

Recent SEC filings

Data status

When each part of this page on Ziff Davis, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ziff Davis, Inc. in brief

What does Ziff Davis, Inc. do?
Ziff Davis, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Ziff Davis, Inc.'s stock ticker?
Ziff Davis, Inc. trades under the ticker ZD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ziff Davis, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ziff Davis, Inc. reported revenue of $1.3B, 0.7% lower than a year earlier, according to its SEC filings.
What is Ziff Davis, Inc.'s free cash flow?
Ziff Davis, Inc.'s free-cash-flow margin is 23.9% of revenue over the trailing twelve months.
Who are Ziff Davis, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jupiter Topco LLC and Pale Fire Capital Se. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Ziff Davis, Inc. buying back stock, and does it pay a dividend?
Ziff Davis, Inc. spent $278M on share repurchases over the trailing twelve months, and its diluted share count fell 7.3% over the year.
What is Ziff Davis, Inc.'s market cap?
On November 2, 2026, Ziff Davis, Inc.'s market capitalisation was about $2B, with a price-to-earnings ratio of 3.2 and net debt of -$738M. Market figures come from third-party market data and may be delayed.
How much debt does Ziff Davis, Inc. have?
Ziff Davis, Inc.'s debt-to-equity ratio is 38.8%, from its latest balance sheet (52.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Ziff Davis, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Ziff Davis, Inc. are Mediaalpha, Inc., Quinstreet, Inc, Webtoon Entertainment Inc., Lendingtree, Inc. and Yelp Inc. The side-by-side comparison below sets their revenue, margins and growth against Ziff Davis, Inc.'s.
Are insiders buying or selling Ziff Davis, Inc. stock?
Over the last 12 months, Ziff Davis, Inc.'s directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Ziff Davis, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ziff Davis, Inc. announces its own schedule.