Zillow Group (Z) Financials

$67.18 -0.61 (-0.90%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Zillow Group

This table shows Zillow Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-112	-158	-101	-528	-162	-305	-120	-94	-220	-149
Consolidated Net Income / (Loss)	-112	-158	-101	-528	-162	-305	-120	-94	-220	-149
Net Income / (Loss) Continuing Operations	-112	-158	-88	102	5.00	-305	-120	-94	-220	-149
Total Pre-Tax Income	-107	-154	-85	101	-3.00	-310	-151	-184	-220	-154
Total Revenue	2,326	2,061	1,966	1,994	1,512	2,681	1,312	1,055	819	641
Net Interest Income / (Expense)	-36	-36	-35	-128	-138	-102	-41	-28	-7.41	-5.49
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	36	36	35	128	138	102	41	28	7.41	5.49
Long-Term Debt Interest Expense	36	36	35	128	138	102	41	28	7.41	5.49
Total Non-Interest Income	2,362	2,097	2,001	2,122	1,650	2,782	1,353	1,082	827	646
Other Service Charges	127	151	43	7.00	25	40	19	5.39	2.71	1.50
Net Realized & Unrealized Capital Gains on Investments	-1.00	1.00	0.00	-17	1.00	0.00	0.00	-	-23	-
Other Non-Interest Income	2,236	1,945	1,958	2,132	1,624	2,743	1,334	1,077	847	645
Total Non-Interest Expense	2,433	2,215	2,051	1,893	1,515	2,990	1,463	1,239	1,039	794
Marketing Expense	1,375	1,218	1,162	1,136	859	1,080	963	768	638	493
Other Operating Expenses	1,051	974	865	737	579	1,910	416	296	400	249
Impairment Charge	6.00	19	24	10	77	-	79	174	0.00	36
Restructuring Charge	1.00	4.00	0.00	10	0.00	0.65	4.35	0.46	1.42	17
Income Tax Expense	5.00	4.00	3.00	-1.00	-8.00	-4.26	-31	-90	0.13	-4.65
Net Income / (Loss) Discontinued Operations	0.00	0.00	-13	-630	-167	-	-	-	-	-
Basic Earnings per Share	($0.48)	($0.68)	($0.42)	($2.11)	($0.72)	($1.48)	($0.61)	($0.51)	($1.22)	($0.88)
Weighted Average Basic Shares Outstanding	234.08M	233.58M	242.16M	249.94M	223.85M	206.38M	197.94M	186.45M	180.15M	169.77M
Diluted Earnings per Share	($0.48)	($0.68)	($0.42)	($2.02)	($0.70)	($1.48)	($0.61)	($0.51)	($1.22)	($0.88)
Weighted Average Diluted Shares Outstanding	234.08M	233.58M	242.16M	261.83M	231.44M	206.38M	197.94M	186.45M	180.15M	169.77M
Weighted Average Basic & Diluted Shares Outstanding	242.56M	233.47M	234.34M	250.67M	223.85M	206.38M	197.94M	186.45M	180.15M	169.77M

This table shows Zillow Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	8.00	-52	-20	-17	-23	-73	-28	-35	-22	-72	-53
Consolidated Net Income / (Loss)	8.00	-52	-20	-17	-23	-73	-28	-35	-22	-72	-53
Net Income / (Loss) Continuing Operations	8.00	-52	-20	-17	-23	-73	-28	-35	-22	-72	-51
Total Pre-Tax Income	8.00	-51	-20	-15	-21	-70	-28	-34	-22	-68	-48
Total Revenue	615	572	606	595	553	509	521	539	492	450	486
Net Interest Income / (Expense)	-5.00	-8.00	-9.00	-10	-9.00	-9.00	-9.00	-9.00	-9.00	-9.00	-9.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	5.00	8.00	9.00	10	9.00	9.00	9.00	9.00	9.00	9.00	9.00
Long-Term Debt Interest Expense	5.00	8.00	9.00	10	9.00	9.00	9.00	9.00	9.00	9.00	9.00
Total Non-Interest Income	620	580	615	605	562	518	530	548	501	459	495
Other Service Charges	22	26	34	34	33	43	34	42	32	24	12
Other Non-Interest Income	598	554	581	572	529	474	496	506	469	435	483
Total Non-Interest Expense	607	623	626	610	574	579	549	573	514	518	534
Marketing Expense	347	351	362	349	313	306	306	313	293	291	307
Other Operating Expenses	260	272	263	261	255	261	241	257	215	217	227
Impairment Charge	0.00	-	0.00	0.00	6.00	10	1.00	2.00	6.00	10	0.00
Income Tax Expense	0.00	1.00	0.00	2.00	2.00	3.00	0.00	1.00	0.00	4.00	3.00
Basic Earnings per Share	$0.03	($0.23)	($0.08)	($0.07)	($0.10)	($0.32)	($0.12)	($0.15)	($0.09)	($0.29)	($0.22)
Weighted Average Basic Shares Outstanding	242.26M	234.08M	232.52M	233.45M	234.70M	233.58M	233.30M	233.63M	234.43M	242.16M	240.08M
Diluted Earnings per Share	$0.03	($0.23)	($0.08)	($0.07)	($0.10)	($0.32)	($0.12)	($0.15)	($0.09)	($0.29)	($0.22)
Weighted Average Diluted Shares Outstanding	256.19M	234.08M	232.52M	233.45M	234.70M	233.58M	233.30M	233.63M	234.43M	242.16M	240.08M
Weighted Average Basic & Diluted Shares Outstanding	241.45M	242.56M	233.56M	231.44M	236.19M	233.47M	233.60M	232.83M	234.02M	234.34M	237.73M

This table details how cash moves in and out of Zillow Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-410	27	-1,370	1,059	548	567	311	109	14	103
Net Cash From Operating Activities	428	354	4,504	-3,177	423	-612	3.85	258	8.65	23
Net Cash From Continuing Operating Activities	428	354	4,504	-3,177	423	-620	3.85	258	8.65	23
Net Income / (Loss) Continuing Operations	-112	-158	-101	-528	-162	-305	-120	-94	-220	-149
Consolidated Net Income / (Loss)	-112	-158	-101	-528	-162	-305	-120	-94	-220	-149
Depreciation Expense	240	187	157	130	111	87	99	110	101	75
Amortization Expense	33	61	79	178	163	87	56	26	4.10	5.04
Non-Cash Adjustments to Reconcile Net Income	421	408	460	771	228	160	191	204	131	127
Changes in Operating Assets and Liabilities, net	-154	-144	3,909	-3,728	83	-649	-223	5.92	-8.92	-39
Net Cash From Investing Activities	395	25	-1,533	1,088	-1,038	-456	-623	-247	-66	64
Net Cash From Continuing Investing Activities	395	25	-1,533	1,088	-1,038	-456	-623	-247	-66	64
Purchase of Property, Leasehold Improvements and Equipment	-143	-135	-115	-74	-85	-67	-66	-67	-62	-53
Purchase of Investment Securities	-741	-1,127	-2,220	-1,044	-3,311	-1,515	-902	-440	-211	-427
Sale and/or Maturity of Investments	1,279	1,287	802	2,206	2,358	1,126	413	259	204	517
Net Cash From Financing Activities	-1,233	-352	-4,341	3,148	1,163	1,636	930	98	72	16
Net Cash From Continuing Financing Activities	-1,233	-352	-4,341	3,148	1,163	1,636	930	98	72	16
Issuance of Debt	0.00	0.00	-2,282	4,559	1,181	1,844	481	0.00	448	-
Repayment of Debt	-1,144	0.00	-1,158	-1,781	-874	-114	0.00	0.00	-370	-
Repurchase of Common Equity	-301	-424	-947	-302	0.00	-	-	-	-	-
Other Financing Activities, Net	212	72	46	127	444	-94	89	98	-6.02	16
Cash Interest Paid	35	28	50	109	51	42	15	9.20	6.33	6.33
Cash Income Taxes Paid	6.00	6.00	6.00	0.00	0.00	-	-	-	-	-

This table details how cash moves in and out of Zillow Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-167	10	-108	-259	-53	-354	281	172	-72	-507	-208
Net Cash From Operating Activities	104	122	171	55	80	86	75	100	93	84	165
Net Cash From Continuing Operating Activities	104	122	171	55	80	86	75	100	93	84	165
Net Income / (Loss) Continuing Operations	8.00	-52	-20	-17	-23	-73	-28	-35	-22	-72	-53
Consolidated Net Income / (Loss)	8.00	-52	-20	-17	-23	-73	-28	-35	-22	-72	-53
Depreciation Expense	65	62	63	59	56	53	49	45	40	36	34
Amortization Expense	8.00	7.00	8.00	16	2.00	52	3.00	-7.00	13	26	13
Non-Cash Adjustments to Reconcile Net Income	84	110	102	99	110	79	106	128	95	100	143
Changes in Operating Assets and Liabilities, net	-61	-5.00	18	-102	-65	-25	-55	-31	-33	-6.00	28
Net Cash From Investing Activities	-52	274	328	-3.00	-204	-314	255	181	-97	-410	-189
Net Cash From Continuing Investing Activities	-52	274	328	-3.00	-204	-314	255	181	-97	-410	-189
Purchase of Property, Leasehold Improvements and Equipment	-36	-34	-33	-37	-39	-34	-35	-35	-31	-28	-27
Purchase of Investment Securities	-168	-52	-84	-301	-304	-431	-40	-157	-499	-729	-457
Sale and/or Maturity of Investments	152	360	445	335	139	151	330	373	433	347	295
Net Cash From Financing Activities	-219	-386	-607	-311	71	-126	-49	-109	-68	-181	-184
Net Cash From Continuing Financing Activities	-219	-386	-607	-311	71	-126	-49	-109	-68	-181	-184
Issuance of Debt	28	-55	-34	59	30	-54	25	24	5.00	-2,214	-10
Repurchase of Common Equity	-250	-	-	-292	-9.00	-88	-100	-150	-86	-174	-176
Other Financing Activities, Net	3.00	116	35	11	50	16	26	17	13	2.00	2.00

This table presents Zillow Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,829	6,652	6,563	10,695	7,487	6,132	4,291	3,231	3,150	3,136
Cash and Due from Banks	1,082	1,492	1,466	2,315	1,703	1,141	651	352	244	229
Restricted Cash	3.00	3.00	2.00	1.00	76	90	12	0.00	-	3.02
Trading Account Securities	776	1,318	1,896	514	2,218	1,281	904	410	264	291
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	159	100	41	107	331	37	35	0.00	-	-
Premises and Equipment, Net	360	328	271	215	196	170	135	112	98	86
Goodwill	2,823	2,817	2,374	2,374	1,985	1,985	1,985	1,931	1,923	1,909
Intangible Assets	207	241	154	176	95	191	216	320	527	559
Other Assets	419	353	359	4,993	883	1,238	352	105	93	59
Total Liabilities & Shareholders' Equity	5,829	6,652	6,563	10,695	7,487	6,132	4,291	3,231	3,150	3,136
Total Liabilities	981	2,126	2,081	5,354	2,745	2,697	1,024	570	616	457
Short-Term Debt	593	728	57	124	689	740	159	5.99	5.60	4.53
Accrued Interest Payable	105	107	90	89	94	85	63	61	38	43
Other Short-Term Payables	133	136	123	3,669	125	95	65	51	53	33
Long-Term Debt	0.00	1,000	1,660	1,319	1,614	1,543	699	385	367	230
Other Long-Term Liabilities	150	155	151	153	223	233	37	66	151	146
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,848	4,526	4,482	5,341	4,742	3,435	3,267	2,661	2,534	2,679
Total Preferred & Common Equity	4,848	4,526	4,482	5,341	4,742	3,435	3,267	2,661	2,534	2,679
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,848	4,526	4,482	5,341	4,742	3,435	3,267	2,661	2,534	2,679
Common Stock	6,733	6,301	6,109	7,001	5,881	4,412	3,940	3,254	3,031	2,956
Retained Earnings	-1,882	-1,770	-1,612	-1,667	-1,139	-977	-672	-592	-497	-277
Accumulated Other Comprehensive Income / (Loss)	-3.00	-5.00	-15	7.00	0.16	0.34	-0.91	-1.10	-0.24	-0.47

This table presents Zillow Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,746	6,159	6,628	6,823	6,656	6,618	6,614	6,718
Cash and Due from Banks	914	1,072	1,181	1,439	1,846	1,566	1,394	1,973
Restricted Cash	4.00	3.00	2.00	3.00	3.00	2.00	2.00	2.00
Trading Account Securities	689	1,101	1,447	1,478	1,421	1,745	1,975	1,516
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	185	164	195	132	96	73	48	49
Premises and Equipment, Net	364	356	356	343	324	309	290	261
Goodwill	2,823	2,818	2,818	2,817	2,416	2,374	2,374	2,374
Intangible Assets	297	211	222	232	162	153	154	149
Other Assets	470	434	407	379	388	396	377	394
Total Liabilities & Shareholders' Equity	5,746	6,159	6,628	6,823	6,656	6,618	6,614	6,718
Total Liabilities	992	1,503	2,127	2,158	2,127	2,132	2,094	2,123
Short-Term Debt	627	619	1,246	765	726	87	63	64
Accrued Interest Payable	111	114	111	104	87	118	101	112
Other Short-Term Payables	137	121	121	132	128	128	123	136
Other Long-Term Liabilities	117	152	152	156	129	136	146	152
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,754	4,656	4,501	4,665	4,529	4,486	4,520	4,595
Total Preferred & Common Equity	4,754	4,656	4,501	4,665	4,529	4,486	4,520	4,595
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,754	4,656	4,501	4,665	4,529	4,486	4,520	4,595
Common Stock	6,628	6,482	6,322	6,469	6,247	6,174	6,157	6,154
Retained Earnings	-1,874	-1,830	-1,810	-1,793	-1,697	-1,669	-1,634	-1,540
Accumulated Other Comprehensive Income / (Loss)	0.00	4.00	-11	-11	-21	-19	-3.00	-19

This table displays calculated financial ratios and metrics derived from Zillow Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.86%	4.83%	-1.40%	31.88%	-43.60%	104.39%	24.36%	28.75%	27.85%	95.94%
EBITDA Growth	76.60%	-37.75%	-63.08%	50.92%	301.14%	-2,931.69%	109.85%	58.20%	-58.18%	-112,350.77%
EBIT Growth	30.52%	-81.18%	-184.16%	3,466.67%	99.03%	-105.10%	17.96%	16.48%	-43.51%	-252.03%
NOPAT Growth	30.52%	-81.18%	-158.33%	4,957.14%	99.03%	-105.10%	17.96%	16.48%	-43.51%	-252.03%
Net Income Growth	29.11%	-56.44%	80.87%	-225.93%	46.95%	-154.77%	-26.94%	57.17%	-48.07%	-241.38%
EPS Growth	29.41%	-61.90%	79.21%	-188.57%	52.70%	-142.62%	-19.61%	58.20%	-38.64%	-144.44%
Operating Cash Flow Growth	20.90%	-92.14%	241.77%	-851.06%	169.10%	-16,000.62%	-98.51%	2,886.59%	-61.85%	-50.22%
Free Cash Flow Firm Growth	553.38%	-130.98%	44.96%	127.30%	26.65%	-53.61%	-329.45%	-86.41%	93.92%	-284.74%
Invested Capital Growth	-13.00%	0.89%	-8.62%	-3.70%	23.18%	38.63%	35.15%	5.01%	-0.24%	386.41%
Revenue Q/Q Growth	2.78%	2.95%	256.16%	-0.53%	-44.62%	8.68%	-37.12%	144.07%	4.42%	13.37%
EBITDA Q/Q Growth	12.16%	168.57%	-47.75%	-27.22%	809.95%	42.78%	107.01%	-155.13%	9.55%	-16.13%
EBIT Q/Q Growth	15.08%	-1.32%	-8,400.00%	-66.14%	98.61%	23.91%	31.78%	-369.39%	2.44%	-12.14%
NOPAT Q/Q Growth	15.08%	-1.32%	-8,400.00%	-65.21%	98.61%	23.91%	31.78%	-369.39%	2.44%	-12.14%
Net Income Q/Q Growth	15.79%	-0.64%	65.17%	-139.08%	24.16%	23.20%	-20.64%	-131.79%	1.00%	-11.06%
EPS Q/Q Growth	15.79%	-4.62%	63.48%	-188.57%	32.69%	23.32%	-15.09%	-131.82%	-0.83%	-51.72%
Operating Cash Flow Q/Q Growth	9.18%	0.57%	7.11%	3.41%	-47.67%	20.39%	-97.91%	19.53%	118.65%	-55.35%
Free Cash Flow Firm Q/Q Growth	63.37%	-62.15%	-86.61%	110.22%	-50.41%	5.27%	-5.16%	0.00%	-91.23%	0.00%
Invested Capital Q/Q Growth	-5.73%	-0.92%	-1.88%	-33.77%	10.06%	0.88%	2.04%	-0.79%	2.72%	0.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	7.14%	4.56%	7.68%	20.51%	17.92%	-5.03%	0.36%	-4.58%	-14.11%	-11.41%
EBIT Margin	-4.60%	-7.47%	-4.32%	5.07%	-0.20%	-11.55%	-11.51%	-17.45%	-26.90%	-23.96%
Profit (Net Income) Margin	-4.82%	-7.67%	-5.14%	-26.48%	-10.71%	-11.39%	-9.14%	-8.95%	-26.91%	-23.24%
Tax Burden Percent	104.67%	102.60%	118.82%	-522.77%	5,400.00%	98.62%	79.40%	51.31%	100.06%	96.97%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	-0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.28%	-1.73%	-0.92%	1.48%	-0.03%	-4.40%	-2.94%	-4.32%	-5.30%	-6.12%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.48%	-4.65%	-3.54%	-32.16%	-7.01%	-10.05%	-5.22%	4.67%	-27.10%	-39.96%
Return on Net Nonoperating Assets (RNNOA)	-1.11%	-1.78%	-1.14%	-11.95%	-3.93%	-4.71%	-1.10%	0.69%	-3.16%	-2.99%
Return on Equity (ROE)	-2.39%	-3.51%	-2.06%	-10.47%	-3.96%	-9.11%	-4.04%	-3.64%	-8.46%	-9.11%
Cash Return on Invested Capital (CROIC)	12.62%	-2.61%	8.10%	5.24%	-20.81%	-36.78%	-32.84%	-9.21%	-5.06%	-137.91%
Operating Return on Assets (OROA)	-1.71%	-2.33%	-0.99%	1.11%	-0.04%	-5.94%	-4.01%	-5.77%	-7.01%	-8.11%
Return on Assets (ROA)	-1.79%	-2.39%	-1.17%	-5.81%	-2.38%	-5.86%	-3.19%	-2.96%	-7.01%	-7.87%
Return on Common Equity (ROCE)	-2.39%	-3.51%	-2.06%	-10.47%	-3.96%	-9.11%	-4.04%	-3.64%	-8.46%	-9.11%
Return on Equity Simple (ROE_SIMPLE)	-2.31%	-3.49%	-2.25%	-9.89%	-3.42%	-8.89%	-3.67%	-3.55%	-8.70%	-5.56%
Net Operating Profit after Tax (NOPAT)	-75	-108	-60	102	-2.10	-217	-106	-129	-154	-107
NOPAT Margin	-3.22%	-5.23%	-3.03%	5.12%	-0.14%	-8.08%	-8.06%	-12.21%	-18.83%	-16.77%
Net Nonoperating Expense Percent (NNEP)	3.20%	2.91%	2.63%	33.64%	6.97%	5.64%	2.27%	-9.00%	21.80%	33.84%
SG&A Expenses to Revenue	59.11%	59.10%	59.10%	56.97%	56.81%	40.27%	73.46%	72.84%	77.89%	76.89%
Operating Expenses to Revenue	104.60%	107.47%	104.32%	94.93%	100.20%	111.55%	111.51%	117.45%	126.90%	123.96%
Earnings before Interest and Taxes (EBIT)	-107	-154	-85	101	-3.00	-310	-151	-184	-220	-154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	94	151	409	271	-135	4.76	-48	-116	-73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.41	2.93	1.66	2.97	6.67	2.76	1.96	2.89	2.61	1.73
Price to Tangible Book Value (P/TBV)	9.10	9.03	3.80	5.68	11.88	7.53	5.99	18.77	79.96	21.96
Price to Revenue (P/Rev)	7.11	6.43	3.77	7.95	20.92	3.54	4.87	7.30	8.07	7.23
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.95	2.16	1.24	2.21	4.56	1.84	1.60	2.53	2.32	1.59
Enterprise Value to Revenue (EV/Rev)	6.90	6.54	3.90	7.51	21.27	3.93	5.02	7.33	8.22	7.24
Enterprise Value to EBITDA (EV/EBITDA)	96.72	143.44	50.78	36.63	118.65	0.00	1,383.47	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	148.33	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	146.87	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	37.51	38.09	1.70	0.00	76.01	0.00	1,709.75	29.96	779.18	204.63
Enterprise Value to Free Cash Flow (EV/FCFF)	21.75	0.00	14.59	41.32	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.38	0.38	0.27	0.49	0.66	0.26	0.15	0.15	0.09
Long-Term Debt to Equity	0.00	0.22	0.37	0.25	0.34	0.45	0.21	0.14	0.15	0.09
Financial Leverage	0.25	0.38	0.32	0.37	0.56	0.47	0.21	0.15	0.12	0.07
Leverage Ratio	1.33	1.47	1.76	1.80	1.67	1.56	1.27	1.23	1.21	1.16
Compound Leverage Factor	1.33	1.47	1.76	1.80	1.67	1.56	1.27	1.23	1.21	1.16
Debt to Total Capital	10.90%	27.63%	27.70%	21.27%	32.69%	39.93%	20.80%	12.82%	12.83%	8.05%
Short-Term Debt to Total Capital	10.90%	11.64%	0.92%	1.83%	9.78%	12.94%	3.85%	0.20%	0.19%	0.16%
Long-Term Debt to Total Capital	0.00%	15.99%	26.78%	19.44%	22.90%	26.99%	16.95%	12.63%	12.64%	7.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	89.10%	72.37%	72.30%	78.73%	67.31%	60.07%	79.20%	87.18%	87.17%	91.95%
Debt to EBITDA	3.57	18.38	11.37	3.53	8.50	-16.95	180.32	-8.10	-3.23	-3.21
Net Debt to EBITDA	-2.96	2.48	1.65	-2.13	1.93	-7.81	40.88	-0.81	-1.12	-0.03
Long-Term Debt to EBITDA	0.00	10.64	10.99	3.22	5.95	-11.46	146.91	-7.98	-3.18	-3.15
Debt to NOPAT	-7.92	-16.03	-28.86	14.15	-1,096.53	-10.54	-8.12	-3.04	-2.42	-2.18
Net Debt to NOPAT	6.57	-2.16	-4.18	-8.56	-249.41	-4.86	-1.84	-0.31	-0.84	-0.02
Long-Term Debt to NOPAT	0.00	-9.28	-27.90	12.93	-768.34	-7.12	-6.62	-2.99	-2.38	-2.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	738	-163	526	363	-1,328	-1,810	-1,179	-274	-147	-2,422
Operating Cash Flow to CapEx	299.30%	262.22%	3,916.52%	-4,293.24%	497.65%	-913.09%	5.83%	386.93%	13.93%	43.01%
Free Cash Flow to Firm to Interest Expense	20.50	-4.52	15.01	2.83	-9.62	-17.78	-28.57	-9.97	-19.87	-441.25
Operating Cash Flow to Interest Expense	11.89	9.83	128.69	-24.82	3.07	-6.01	0.09	9.38	1.17	4.13
Operating Cash Flow Less CapEx to Interest Expense	7.92	6.08	125.40	-25.40	2.45	-6.67	-1.51	6.96	-7.21	-5.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.31	0.23	0.22	0.22	0.51	0.35	0.33	0.26	0.34
Fixed Asset Turnover	6.76	6.88	8.09	9.70	8.25	17.54	10.60	10.02	8.91	10.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,441	6,254	6,199	6,784	7,045	5,719	4,125	3,052	2,907	2,914
Invested Capital Turnover	0.40	0.33	0.30	0.29	0.24	0.54	0.37	0.35	0.28	0.36
Increase / (Decrease) in Invested Capital	-813	55	-585	-261	1,326	1,594	1,073	146	-6.99	2,315
Enterprise Value (EV)	16,056	13,483	7,668	14,981	32,153	10,541	6,583	7,734	6,736	4,637
Market Capitalization	16,548	13,250	7,419	15,854	31,630	9,489	6,388	7,695	6,607	4,634
Book Value per Share	$20.76	$19.37	$18.85	$20.96	$20.38	$16.56	$16.07	$14.09	$13.98	$15.05
Tangible Book Value per Share	$7.78	$6.28	$8.22	$10.95	$11.44	$6.07	$5.25	$2.17	$0.46	$1.19
Total Capital	5,441	6,254	6,199	6,784	7,045	5,719	4,125	3,052	2,907	2,914
Total Debt	593	1,728	1,717	1,443	2,303	2,283	858	391	373	235
Total Long-Term Debt	0.00	1,000	1,660	1,319	1,614	1,543	699	385	367	230
Net Debt	-492	233	249	-873	524	1,052	195	39	129	2.38
Capital Expenditures (CapEx)	143	135	115	74	85	67	66	67	62	53
Net Nonoperating Expense (NNE)	37	50	42	630	160	89	14	-34	66	41
Net Nonoperating Obligations (NNO)	593	1,728	1,717	1,443	2,303	2,283	858	391	373	235
Total Depreciation and Amortization (D&A)	273	248	236	308	274	175	156	136	105	80
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.48)	($0.68)	($0.42)	($2.11)	($0.72)	($1.48)	($0.61)	($0.51)	($1.22)	($0.88)
Adjusted Weighted Average Basic Shares Outstanding	234.08M	233.58M	242.16M	249.94M	240.66M	209.27M	204.60M	190.68M	182.73M	178.53M
Adjusted Diluted Earnings per Share	($0.48)	($0.68)	($0.42)	($2.11)	($0.72)	($1.48)	($0.61)	($0.51)	($1.22)	($0.88)
Adjusted Weighted Average Diluted Shares Outstanding	234.08M	233.58M	242.16M	249.94M	240.66M	209.27M	204.60M	190.68M	182.73M	178.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.72)	($1.48)	($0.61)	($0.51)	($1.22)	($0.88)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	242.56M	233.47M	234.34M	250.67M	223.85M	206.38M	197.94M	186.45M	180.15M	169.77M
Normalized Net Operating Profit after Tax (NOPAT)	-70	-92	-43	85	52	-216	-47	-6.68	-153	-71
Normalized NOPAT Margin	-3.01%	-4.45%	-2.17%	4.25%	3.43%	-8.07%	-3.61%	-0.63%	-18.71%	-11.08%
Pre Tax Income Margin	-4.60%	-7.47%	-4.32%	5.07%	-0.20%	-11.55%	-11.51%	-17.45%	-26.90%	-23.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.97	-4.28	-2.43	0.79	-0.02	-3.04	-3.66	-6.69	-29.74	-27.97
NOPAT to Interest Expense	-2.08	-2.99	-1.70	0.80	-0.02	-2.13	-2.56	-4.68	-20.82	-19.58
EBIT Less CapEx to Interest Expense	-6.94	-8.03	-5.71	0.21	-0.64	-3.70	-5.26	-9.11	-38.12	-37.57
NOPAT Less CapEx to Interest Expense	-6.05	-6.74	-4.99	0.22	-0.63	-2.79	-4.16	-7.11	-29.19	-29.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-268.75%	-268.35%	-937.62%	-57.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Zillow Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.21%	12.38%	16.31%	10.39%	12.40%	13.11%	7.20%	7.80%	-7.17%	146.68%	-4.33%
EBITDA Growth	80.00%	-48.57%	112.50%	1,400.00%	19.35%	683.33%	2,500.00%	-91.67%	-71.82%	-104.55%	-101.56%
EBIT Growth	138.10%	27.14%	28.57%	55.88%	4.55%	-2.94%	41.67%	-3,500.00%	-173.33%	-525.00%	-469.23%
NOPAT Growth	154.42%	27.14%	28.57%	55.88%	4.55%	-2.94%	41.67%	-338.00%	-161.60%	-316.36%	-286.67%
Net Income Growth	134.78%	28.77%	28.57%	51.43%	-4.55%	-1.39%	47.17%	-537.50%	-237.50%	72.41%	83.89%
EPS Growth	130.00%	28.13%	33.33%	53.33%	-11.11%	-10.34%	45.45%	-600.00%	-250.00%	71.57%	82.26%
Operating Cash Flow Growth	30.00%	41.86%	128.00%	-45.00%	-13.98%	2.38%	-54.55%	-88.41%	-97.26%	139.07%	105.88%
Free Cash Flow Firm Growth	624.54%	847.40%	3,967.65%	-113.68%	-118.33%	-119.35%	-100.35%	-92.77%	143.79%	90.22%	201.75%
Invested Capital Growth	-16.33%	-13.00%	-8.56%	0.13%	2.99%	0.89%	-0.10%	-2.49%	-15.16%	-8.62%	-38.32%
Revenue Q/Q Growth	7.52%	-5.61%	1.85%	7.59%	8.64%	-2.30%	-3.34%	9.55%	9.33%	-7.41%	-2.80%
EBITDA Q/Q Growth	350.00%	-64.71%	-15.00%	62.16%	227.59%	45.83%	500.00%	-87.10%	229.17%	-500.00%	-102.08%
EBIT Q/Q Growth	115.69%	-155.00%	-33.33%	28.57%	70.00%	-150.00%	17.65%	-54.55%	67.65%	-41.67%	-4,900.00%
NOPAT Q/Q Growth	122.41%	-155.00%	-33.33%	28.57%	70.00%	-150.00%	17.65%	-54.55%	67.65%	-41.67%	-436.00%
Net Income Q/Q Growth	115.38%	-160.00%	-17.65%	26.09%	68.49%	-160.71%	20.00%	-59.09%	69.44%	-35.85%	-762.50%
EPS Q/Q Growth	113.04%	-187.50%	-14.29%	30.00%	68.75%	-166.67%	20.00%	-66.67%	68.97%	-31.82%	-833.33%
Operating Cash Flow Q/Q Growth	-14.75%	-28.66%	210.91%	-31.25%	-6.98%	14.67%	-25.00%	7.53%	10.71%	-49.09%	-80.88%
Free Cash Flow Firm Q/Q Growth	36.11%	47.78%	2,943.24%	90.83%	-93.94%	-664.71%	-110.06%	-87.72%	104.80%	-86.19%	108.16%
Invested Capital Q/Q Growth	-1.10%	-5.73%	-7.56%	-2.91%	2.83%	-0.92%	1.22%	-0.13%	0.73%	-1.88%	-1.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	13.17%	3.15%	8.42%	10.08%	6.69%	6.88%	4.61%	0.74%	6.30%	-1.33%	-0.21%
EBIT Margin	1.30%	-8.92%	-3.30%	-2.52%	-3.80%	-13.75%	-5.37%	-6.31%	-4.47%	-15.11%	-9.88%
Profit (Net Income) Margin	1.30%	-9.09%	-3.30%	-2.86%	-4.16%	-14.34%	-5.37%	-6.49%	-4.47%	-16.00%	-10.91%
Tax Burden Percent	100.00%	101.96%	100.00%	113.33%	109.52%	104.29%	100.00%	102.94%	100.00%	105.88%	110.42%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.53%	-2.48%	-0.87%	-0.62%	-0.89%	-3.19%	-1.19%	-1.38%	-0.89%	-3.20%	-0.46%
ROIC Less NNEP Spread (ROIC-NNEP)	0.53%	-3.89%	-1.28%	-0.99%	-1.37%	-4.58%	-1.67%	-2.02%	-1.20%	-4.75%	-1.09%
Return on Net Nonoperating Assets (RNNOA)	0.13%	-0.96%	-0.40%	-0.38%	-0.52%	-1.75%	-0.64%	-0.77%	-0.55%	-1.53%	-0.65%
Return on Equity (ROE)	0.66%	-3.45%	-1.27%	-1.00%	-1.41%	-4.94%	-1.84%	-2.14%	-1.44%	-4.73%	-1.11%
Cash Return on Invested Capital (CROIC)	16.85%	12.62%	7.48%	-1.63%	-4.64%	-2.61%	-1.59%	0.61%	15.00%	8.10%	47.39%
Operating Return on Assets (OROA)	0.49%	-3.32%	-1.17%	-0.83%	-1.20%	-4.29%	-1.61%	-1.85%	-1.19%	-3.44%	-0.62%
Return on Assets (ROA)	0.49%	-3.39%	-1.17%	-0.94%	-1.31%	-4.47%	-1.61%	-1.91%	-1.19%	-3.65%	-0.69%
Return on Common Equity (ROCE)	0.66%	-3.45%	-1.27%	-1.00%	-1.41%	-4.94%	-1.84%	-2.14%	-1.44%	-4.73%	-1.11%
Return on Equity Simple (ROE_SIMPLE)	-1.70%	0.00%	-2.86%	-3.13%	-3.41%	0.00%	-3.47%	-4.06%	-3.08%	0.00%	-6.31%
Net Operating Profit after Tax (NOPAT)	8.00	-36	-14	-11	-15	-49	-20	-24	-15	-48	-34
NOPAT Margin	1.30%	-6.24%	-2.31%	-1.76%	-2.66%	-9.63%	-3.76%	-4.42%	-3.13%	-10.58%	-6.91%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.40%	0.41%	0.37%	0.48%	1.39%	0.48%	0.64%	0.31%	1.54%	0.63%
SG&A Expenses to Revenue	56.42%	61.36%	59.74%	58.66%	56.60%	60.12%	58.73%	58.07%	59.55%	64.67%	63.17%
Operating Expenses to Revenue	98.70%	108.92%	103.30%	102.52%	103.80%	113.75%	105.37%	106.31%	104.47%	115.11%	109.88%
Earnings before Interest and Taxes (EBIT)	8.00	-51	-20	-15	-21	-70	-28	-34	-22	-68	-48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	81	18	51	60	37	35	24	4.00	31	-6.00	-1.00
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.41	3.41	3.08	2.36	2.40	2.93	2.30	2.57	2.27	1.66	1.50
Price to Tangible Book Value (P/TBV)	9.93	9.10	8.81	7.28	6.92	9.03	5.35	5.88	5.14	3.80	3.33
Price to Revenue (P/Rev)	6.79	7.11	6.33	4.88	5.27	6.43	5.21	5.85	5.31	3.77	12.51
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.96	2.95	2.49	1.79	1.79	2.16	1.64	1.88	1.69	1.24	1.05
Enterprise Value to Revenue (EV/Rev)	6.67	6.90	6.35	5.14	5.42	6.54	5.18	5.95	5.48	3.90	12.05
Enterprise Value to EBITDA (EV/EBITDA)	78.84	96.72	97.12	92.54	176.99	143.44	296.07	1,169.57	195.72	50.78	23.02
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.24	37.51	36.67	37.83	33.74	38.09	29.44	26.46	8.77	1.70	1.58
Enterprise Value to Free Cash Flow (EV/FCFF)	16.00	21.75	31.82	0.00	0.00	0.00	0.00	303.00	10.36	14.59	1.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.12	0.24	0.39	0.38	0.38	0.39	0.39	0.38	0.38	0.38
Long-Term Debt to Equity	0.00	0.00	0.11	0.11	0.21	0.22	0.23	0.37	0.37	0.37	0.36
Financial Leverage	0.25	0.25	0.32	0.39	0.38	0.38	0.38	0.38	0.46	0.32	0.60
Leverage Ratio	1.33	1.33	1.40	1.47	1.46	1.47	1.47	1.46	1.55	1.76	1.69
Compound Leverage Factor	1.33	1.33	1.40	1.47	1.46	1.47	1.47	1.46	1.55	1.76	1.69
Debt to Total Capital	11.65%	10.90%	19.33%	27.91%	27.46%	27.63%	28.25%	28.06%	27.61%	27.70%	27.27%
Short-Term Debt to Total Capital	11.65%	10.90%	10.72%	19.96%	11.90%	11.64%	11.50%	1.40%	1.01%	0.92%	1.01%
Long-Term Debt to Total Capital	0.00%	0.00%	8.61%	7.96%	15.57%	15.99%	16.75%	26.67%	26.60%	26.78%	26.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.35%	89.10%	80.67%	72.09%	72.54%	72.37%	71.75%	71.94%	72.39%	72.30%	72.73%
Debt to EBITDA	3.10	3.57	7.54	14.41	27.17	18.38	50.94	175.00	31.93	11.37	5.96
Net Debt to EBITDA	-1.44	-2.96	0.28	4.63	4.98	2.48	-1.89	18.20	6.07	1.65	-0.87
Long-Term Debt to EBITDA	0.00	0.00	3.36	4.11	15.40	10.64	30.20	166.30	30.76	10.99	5.74
Debt to NOPAT	-11.48	-7.92	-12.65	-18.58	-16.49	-16.03	-16.76	-14.53	-17.98	-28.86	-2,461.43
Net Debt to NOPAT	5.33	6.57	-0.46	-5.97	-3.03	-2.16	0.62	-1.51	-3.42	-4.18	360.00
Long-Term Debt to NOPAT	0.00	0.00	-5.63	-5.30	-9.35	-9.28	-9.93	-13.81	-17.32	-27.90	-2,370.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,058	777	526	-19	-202	-104	-14	135	1,101	537	3,891
Operating Cash Flow to CapEx	288.89%	358.82%	518.18%	148.65%	205.13%	252.94%	214.29%	285.71%	300.00%	300.00%	611.11%
Free Cash Flow to Firm to Interest Expense	211.60	97.16	58.44	-1.85	-22.41	-11.56	-1.51	15.02	122.29	59.71	432.32
Operating Cash Flow to Interest Expense	20.80	15.25	19.00	5.50	8.89	9.56	8.33	11.11	10.33	9.33	18.33
Operating Cash Flow Less CapEx to Interest Expense	13.60	11.00	15.33	1.80	4.56	5.78	4.44	7.22	6.89	6.22	15.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.38	0.37	0.35	0.33	0.32	0.31	0.30	0.29	0.27	0.23	0.06
Fixed Asset Turnover	6.76	6.76	6.66	6.55	6.70	6.88	6.84	7.09	7.36	8.09	2.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,381	5,441	5,772	6,244	6,431	6,254	6,312	6,236	6,244	6,199	6,318
Invested Capital Turnover	0.40	0.40	0.37	0.35	0.33	0.33	0.32	0.31	0.28	0.30	0.07
Increase / (Decrease) in Invested Capital	-1,050	-813	-540	8.00	187	55	-6.00	-159	-1,116	-585	-3,924
Enterprise Value (EV)	15,926	16,056	14,374	11,198	11,504	13,483	10,362	11,696	10,569	7,668	6,652
Market Capitalization	16,217	16,548	14,333	10,638	11,180	13,250	10,428	11,514	10,241	7,419	6,904
Book Value per Share	$19.60	$20.76	$20.12	$19.06	$19.88	$19.37	$19.45	$19.17	$19.29	$18.85	$19.05
Tangible Book Value per Share	$6.74	$7.78	$7.03	$6.19	$6.89	$6.28	$8.38	$8.37	$8.50	$8.22	$8.59
Total Capital	5,381	5,441	5,772	6,244	6,431	6,254	6,312	6,236	6,244	6,199	6,318
Total Debt	627	593	1,116	1,743	1,766	1,728	1,783	1,750	1,724	1,717	1,723
Total Long-Term Debt	0.00	0.00	497	497	1,001	1,000	1,057	1,663	1,661	1,660	1,659
Net Debt	-291	-492	41	560	324	233	-66	182	328	249	-252
Capital Expenditures (CapEx)	36	34	33	37	39	34	35	35	31	28	27
Net Nonoperating Expense (NNE)	0.00	16	6.00	6.50	8.30	24	8.40	11	6.60	24	19
Net Nonoperating Obligations (NNO)	627	593	1,116	1,743	1,766	1,728	1,783	1,750	1,724	1,717	1,723
Total Depreciation and Amortization (D&A)	73	69	71	75	58	105	52	38	53	62	47
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	($0.23)	($0.08)	($0.07)	($0.10)	($0.32)	($0.12)	($0.15)	($0.09)	($0.29)	($0.22)
Adjusted Weighted Average Basic Shares Outstanding	242.26M	234.08M	232.52M	233.45M	234.70M	233.58M	233.30M	233.63M	234.43M	242.16M	240.08M
Adjusted Diluted Earnings per Share	$0.03	($0.23)	($0.08)	($0.07)	($0.10)	($0.32)	($0.12)	($0.15)	($0.09)	($0.29)	($0.22)
Adjusted Weighted Average Diluted Shares Outstanding	256.19M	234.08M	232.52M	233.45M	234.70M	233.58M	233.30M	233.63M	234.43M	242.16M	240.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	241.45M	242.56M	233.56M	231.44M	236.19M	233.47M	233.60M	232.83M	234.02M	234.34M	237.73M
Normalized Net Operating Profit after Tax (NOPAT)	5.60	-36	-13	-11	-11	-42	-18	-22	-11	-41	-34
Normalized NOPAT Margin	0.91%	-6.24%	-2.19%	-1.76%	-1.90%	-8.25%	-3.49%	-4.03%	-2.28%	-9.02%	-6.91%
Pre Tax Income Margin	1.30%	-8.92%	-3.30%	-2.52%	-3.80%	-13.75%	-5.37%	-6.31%	-4.47%	-15.11%	-9.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.60	-6.38	-2.22	-1.50	-2.33	-7.78	-3.11	-3.78	-2.44	-7.56	-5.33
NOPAT to Interest Expense	1.60	-4.46	-1.56	-1.05	-1.63	-5.44	-2.18	-2.64	-1.71	-5.29	-3.73
EBIT Less CapEx to Interest Expense	-5.60	-10.63	-5.89	-5.20	-6.67	-11.56	-7.00	-7.67	-5.89	-10.67	-8.33
NOPAT Less CapEx to Interest Expense	-5.60	-8.71	-5.22	-4.75	-5.97	-9.22	-6.07	-6.53	-5.16	-8.40	-6.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-669.14%	-268.75%	-292.48%	-346.81%	-218.24%	-268.35%	-324.84%	-321.98%	-492.81%	-937.62%	-370.69%

Frequently Asked Questions About Zillow Group's Financials

When does Zillow Group's financial year end?

According to the most recent income statement we have on file, Zillow Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Zillow Group's net income changed over the last 9 years?

The last 5 years of Zillow Group's net income performance:

2020: -$162 million
2021: -$528 million
2022: -$101 million
2023: -$158 million
2024: -$112 million

Find out what analysts predict for Zillow Group in the coming months.

How has Zillow Group revenue changed over the last 9 years?

Over the last 9 years, Zillow Group's total revenue changed from $640.69 million in 2015 to $2.33 billion in 2024, a change of 263.0%.

How much debt does Zillow Group have?

Zillow Group's total liabilities were at $981 million at the end of 2024, a 53.9% decrease from 2023, and a 114.8% increase since 2015.

How much cash does Zillow Group have?

In the past 9 years, Zillow Group's cash and equivalents has ranged from $229.14 million in 2015 to $2.32 billion in 2021, and is currently $1.08 billion as of their latest financial filing in 2024.

How has Zillow Group's book value per share changed over the last 9 years?

Over the last 9 years, Zillow Group's book value per share changed from 15.05 in 2015 to 20.76 in 2024, a change of 37.9%.

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This page (NASDAQ:Z) was last updated on 5/21/2025 by MarketBeat.com Staff

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Zillow Group (Z) Financials

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