Zillow Group Class C
Connects home search and rentals with agents, mortgages, title and closing.
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Profile
Runs a U.S. housing marketplace spanning home search, touring, rentals, agent software, mortgages, title and closing. Revenue comes mainly from For Sale services, alongside Rentals and Other, while the model depends on consumer traffic, agent and listing-data relationships, housing transactions and mortgage conditions.
Runs a U.S. housing marketplace built around Zillow, the Zestimate, Trulia and StreetEasy, serving home shoppers, renters, sellers and real-estate professionals. Revenue is reported across For Sale, Rentals and Other, with For Sale the largest category.
Connects consumer search and touring with preferred agents, Zillow Home Loans, rental applications, ShowingTime, Follow Up Boss, and Spruce title and escrow. The model monetizes consumer demand and professional software without returning to direct home inventory ownership after Zillow Offers ended.
Operations are concentrated in U.S. residential real estate. Transaction volume, mortgage conditions, consumer traffic, brand reputation, agent and multiple-listing-service relationships, and access to listing data shape results, while mortgage, real-estate, fair-housing, privacy and cybersecurity rules govern the connected workflow.
Company facts
Categories
Key statistics
Year to date −45.9% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Morgan Stanley | Target | $70 | $60 | ||
| May 8, 2026 | Morgan Stanley | Target | $42 | $70 | ||
| May 8, 2026 | Deutsche Bank | Target | $68 | |||
| May 7, 2026 | Goldman Sachs | Target | $33 | $53 | ||
| Feb 9, 2026 | Compass Point | Target | $80 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.45 | $0.52 | +16.6% | $758.1M | $772.0M | +1.8% | −7.40% |
| May 6, 2026Q1 FY26 | $0.43 | $0.53 | +23.3% | $705.1M | $708.0M | +0.4% | −1.91% |
| Feb 10, 2026Q4 FY25 | $0.42 | $0.39 | −7.1% | $650.4M | $654.0M | +0.5% | −16.54% |
| Oct 30, 2025Q3 FY25 | $0.43 | $0.44 | +2.8% | $670.8M | $676.0M | +0.8% | +4.55% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $598.0M | $655.0M | $676.0M | $654.0M | $708.0M | $772.0M | |
| Gross profit | $459.0M | $489.0M | $491.0M | $476.0M | $519.0M | $562.0M | |
| Operating income | −$9.0M | −$11.0M | −$3.0M | −$11.0M | $36.0M | −$10.0M | |
| Net income | $8.0M | $2.0M | $10.0M | $3.0M | $46.0M | −$4.0M | |
| Diluted EPS | $0.03 | $0.01 | $0.04 | $0.01 | $0.19 | −$0.02 | |
| Gross margin | 76.8% | 74.7% | 72.6% | 72.8% | 73.3% | 72.8% | |
| Operating margin | -1.5% | -1.7% | -0.4% | -1.7% | 5.1% | -1.3% |
Fiscal years (4-quarter sums)FY21 $3.61B · FY22 $1.96B · FY23 $1.95B · FY24 $2.24B · FY25 $2.58B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $682.0M · Total debt $558.0M · Total assets $5.31B · Shareholders' equity $4.31B
Dividends
No dividends on record.
Ownership
Shares outstanding 240.30M · Float 210.04M
Insiders — no current Form 4 position.
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Caledonia (Private) Investments PTY Ltd | 24.10M | 10.03% | 13F | Aug 14, 2026 |
| Independent Franchise Partners LLP | 16.30M | 6.78% | 13F | Aug 13, 2026 |
| Capital World Investors | 14.24M | 5.93% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 13.33M | 5.55% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 8.16M | 3.40% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Jeremy Wacksman | director, officer: Chief Executive Officer | −9,339 | $34.18 |
| Aug 13, 2026 | Jeremy Wacksman | director, officer: Chief Executive Officer | −5,786 | $34.24 |
| Aug 17, 2026 | Jeremy Hofmann | officer: COO & CFO | −5,661 | $34.18 |
| Aug 13, 2026 | Jeremy Hofmann | officer: COO & CFO | −3,510 | $34.24 |
| Aug 14, 2026 | Dan Spaulding | officer: Chief People Officer | −3,169 | $35.37 |
Peers
- CoStar Group
Direct portal rival across home search, rentals and agent marketing
- Rocket Companies
Integrated rival in home search, brokerage, mortgages and closing
- News Corp Class A
News Corp operates Realtor.com across search, agent ads and seller leads
- Compass
Brokerage-led rival in listings, agent software and transaction services
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zillow Group Class C | $35.50 | −0.43% | $8.57B | 161.4 | 13.9 | 3.1 | +17.9% |
| CoStar Group | $32.43 | +0.68% | $13.06B | 175.5 | 20.9 | 3.7 | +18.4% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| News Corp Class A | $30.65 | −1.00% | $17.38B | 30.1 | 23.0 | 2.1 | +10.8% |
| Compass | $10.99 | +0.23% | $6.67B | 102.1 | 150.6 | 0.6 | +109.1% |
| Median | 98.2 | 21.9 | 2.9 | +63.7% |






