Zillow Group Class C (Z)
NASDAQ:Z
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.47Last Year’s EPS
0.4Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad top-line growth (18% revenue growth), strong rental and mortgage momentum (rentals +42% YoY, mortgages revenue +56% YoY, purchase originations +96%), profitability progress (net income, adjusted EBITDA margin expansion ex-legal), and product/AI traction (Preview, Showcase, AI mode). Near-term headwinds include a flat housing market, softer residential activity, elevated legal costs, and intentional near-term increases in advertising and variable investments that pressure margins in H1. Management reiterated mid-teens full-year revenue growth and margin expansion in H2, and the positives on execution, cash generation, and clear growth levers outweigh the near-term challenges.Company Guidance
Strong Overall Revenue Growth
Total revenue of $708 million in Q1, up 18% year-over-year and near the high end of guidance.
EBITDA and Profitability Beat
EBITDA of $182 million (26% margin) above outlook; excluding $11M incremental legal costs, adjusted EBITDA would be $193 million (27% margin, +160 bps). Reported net income $46 million and net income margin of 6%, up more than 500 basis points year-over-year.
Material Free Cash Flow and EPS Improvement
Free cash flow of $127 million, a 44% increase year-over-year. Diluted net income per share of $0.19 vs $0.03 a year ago.
For Sale Growth Led by Mortgages
For Sale revenue $514 million, up 12% YoY. Residential revenue $450 million (+8% YoY). Mortgages revenue accelerated 56% YoY to $64 million, driven by a 96% YoY increase in purchase loan origination volume to $1.5 billion.
Rentals Exceptional Momentum
Rentals revenue $183 million, up 42% YoY; multifamily revenue grew 57% YoY. Platform reached 76,000 multifamily properties (up from 55,000 a year ago, +38%) and 2.7 million average monthly active rental listings; 36 million average monthly unique visitors.
Product & AI Progress
AI mode live for ~5% of audience with encouraging early engagement (deeper, more substantive conversations). Engineers shipping ~40% more code per engineer; multiple product rollouts (Preview, Showcase, Follow Up Boss, ShowingTime, Zillow Pro) gaining adoption.
Operational Levers and Structural Targets
Enhanced markets now account for 49% of connections (up from 44% in Q4). Company reiterates mid-teens full-year revenue growth outlook and target of $1B+ annual rentals revenue; progressing on $1B incremental mid-cycle revenue opportunity in For Sale.
Capital Return and Liquidity Management
Repurchased $626 million of stock in Q1 (shares outstanding down from 256M to 240M). Cash & investments $788 million; combined liquidity (cash + undrawn $500M revolver) ~ $1.3 billion.
Z 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
Z Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $44.53 | ― | ― |
Feb 10, 2026 | $54.71 | $45.66 | -16.54% |
Oct 30, 2025 | $71.72 | $74.98 | +4.55% |
Aug 06, 2025 | $85.18 | $84.63 | -0.65% |
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 Class C (Z) report earnings?
Zillow Group Class C (Z) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Zillow Group Class C (Z) earnings time?
Zillow Group Class C (Z) earnings time is at Jul 30, 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 Z EPS forecast?
Z EPS forecast for the fiscal quarter 2026 (Q2) is 0.47.
