Zillow Group annual gross margin
2019
2020
2021
2022
2023
2024
2025
Zillow Group Gross Margin Growth & History (ZG)
Zillow Group's gross margin was 74.14% for fiscal 2025.
View full Zillow Group company overviewZillow Group annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 74.14% | −2.29 pp |
| 2024 | 2024-12-31 | 76.43% | −1.92 pp |
| 2023 | 2023-12-31 | 78.35% | −2.90 pp |
| 2022 | 2022-12-31 | 81.26% | −3.59 pp |
| 2021 | 2021-12-31 | 84.85% | +0.55 pp |
| 2020 | 2020-12-31 | 84.30% | +40.59 pp |
| 2019 | 2019-12-31 | 43.70% | — |
Zillow Group quarterly gross margin
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 72.80% | −1.86 pp |
| Q1 2026 | 2026-03-31 | 73.31% | −3.45 pp |
| Q4 2025 | 2025-12-31 | 72.78% | −3.03 pp |
| Q3 2025 | 2025-09-30 | 72.63% | −3.27 pp |
| Q2 2025 | 2025-06-30 | 74.66% | −2.62 pp |
| Q1 2025 | 2025-03-31 | 76.76% | +0.01 pp |
| Q4 2024 | 2024-12-31 | 75.81% | +0.07 pp |
| Q3 2024 | 2024-09-30 | 75.90% | −1.92 pp |
| Q2 2024 | 2024-06-30 | 77.27% | −2.17 pp |
| Q1 2024 | 2024-03-31 | 76.75% | −3.64 pp |
| Q4 2023 | 2023-12-31 | 75.74% | −3.80 pp |
| Q3 2023 | 2023-09-30 | 77.82% | −3.75 pp |
| Q2 2023 | 2023-06-30 | 79.45% | −1.31 pp |
| Q1 2023 | 2023-03-31 | 80.38% | −2.45 pp |
| Q4 2022 | 2022-12-31 | 79.54% | −5.55 pp |
| Q3 2022 | 2022-09-30 | 81.57% | +40.50 pp |
| Q2 2022 | 2022-06-30 | 80.75% | +39.13 pp |
| Q1 2022 | 2022-03-31 | 82.84% | +19.96 pp |
| Q3 2021 | 2021-09-30 | 85.09% | +48.54 pp |
| Q2 2021 | 2021-06-30 | 41.07% | — |
| Q1 2021 | 2021-03-31 | 41.63% | — |
| Q3 2020 | 2020-09-30 | 62.88% | — |
| Q2 2020 | 2020-06-30 | 36.55% | — |
Zillow Group gross margin trends
Over the last five reported fiscal years, Zillow Group's gross margin decreased from 84.30% to 74.14%, a change of −10.16 percentage points. The latest reported quarter, Q2 2026, shows 72.80%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zillow Group filings at SEC.gov ↗