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Zillow Group Inc Class A (ZG)
NASDAQ:ZG
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall, the call emphasized strong execution and growth: top-line acceleration (Q4 +18%, FY +16%), significant momentum in Rentals and mortgages, EBITDA and GAAP profitability, robust free cash flow and active capital return. Near‑term headwinds include elevated legal expenses, deliberate variable investments and a still‑subdued housing market, and some newer products (e.g., Zillow Pro) are early-stage with limited immediate revenue contribution. On balance, the substantial positive operational and financial progress outweighs the manageable near‑term challenges.Company Guidance
Strong Top-Line Growth
Q4 2025 revenue of $654 million, up 18% year-over-year and near the top of outlook; full-year 2025 revenue grew 16% year-over-year, consistent with mid‑teens guidance.
Profitability and Margin Expansion
Q4 2025 adjusted EBITDA of $149 million with a 23% EBITDA margin (up 260 basis points year-over-year); full-year EBITDA margin expanded ~180 basis points and company reported $23 million GAAP net income for 2025 (first full-year profitability).
Rentals: High Growth and Market Share Gains
Rentals revenue grew 45% year-over-year in Q4 to $168 million and 39% for full year 2025 ($630 million); multifamily revenue grew 63% in Q4 and 58% for the year; estimated share of rental listings increased to 63% (from 54% in 2024) and Zillow had 2.5 million average monthly active rental listings in Q4.
For Sale and Mortgages Momentum
For Sale revenue of $475 million in Q4 (+11% YoY) and $1.9 billion for full year (+9% YoY); mortgages revenue grew 39% in Q4 to $57 million and 37% for the full year, driven by purchase origination volume growth (67% YoY in Q4, 53% full year).
Product / Engagement Wins
Enhanced markets produced 44% of connections in Q4 (up from 21% a year ago); BuyAbility enrolled 3.6 million users (up from 2.9M at end of Q3); Follow Up Boss sent >7 million AI-powered messages; Showcase adoption on 3.7% of new listings (up from 1.7% a year ago).
Strong Free Cash Flow and Capital Returns
Generated $420 million of free cash flow in 2025 (up 36% YoY); ended 2025 with $1.3 billion in cash and investments; repurchased $670 million of shares in 2025 (total repurchases through 2025 of $2.6 billion at average $50).
Operational Discipline and Cost Control
Total fixed costs held approximately flat year-over-year in Q4 despite 18% revenue growth; full-year fixed costs ~ $1 billion (up 2% YoY) and share-based compensation declined (Q4 SBC down 20% YoY; full-year SBC $390M, down 13% YoY), contributing to net income margin expansion.
2026 Outlook and Mid‑Cycle Targets
Q1 2026 revenue guidance $700–710M (implied +18% YoY); full-year 2026 expected mid‑teens revenue growth with continued EBITDA margin expansion; reiterated mid‑cycle targets of $5B revenue and ~45% EBITDA in a normalized housing market.
ZG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ZG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $54.42 | $45.10 | -17.13% |
Oct 30, 2025 | $68.75 | $71.53 | +4.04% |
Aug 06, 2025 | $81.51 | $81.11 | -0.49% |
May 07, 2025 | $66.44 | $66.75 | +0.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Zillow Group Inc Class A (ZG) report earnings?
Zillow Group Inc Class A (ZG) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Zillow Group Inc Class A (ZG) earnings time?
Zillow Group Inc Class A (ZG) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZG EPS forecast?
ZG EPS forecast for the fiscal quarter 2026 (Q1) is 0.46.
