Zillow Group Inc Class A (ZG)
NASDAQ:ZG
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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 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial picture: double-digit total revenue growth (18% YoY), robust rentals acceleration (+42% YoY), rapid mortgages expansion (+56% YoY) and margin/cash-flow improvements (net income margin +500+ bps, free cash flow +44%). Notable near-term headwinds include elevated legal costs tied to the FTC trial, incremental advertising and variable investments that pressure H1 margins, a flat housing market and a decline in market-based pricing revenue. Management expects these pressures to ease in the back half of 2026, with margin expansion and durable mid-teens revenue growth driven by rentals, For Sale integration and scaling Zillow Home Loans. Overall, the positive growth, profitability and product/AI momentum materially outweigh the highlighted near-term challenges.Company Guidance
Strong Top-Line Growth
Total revenue of $708 million, up 18% year-over-year and near the high end of guidance; Q2 revenue outlook of $750M-$765M (≈16% YoY at midpoint) and full-year target of mid-teens revenue growth.
Profitability and Cash Generation
Reported net income of $46 million with net income margin of 6% (improvement of more than 500 basis points YoY); EBITDA of $182 million (26% margin) above outlook; free cash flow of $127 million, up 44% year-over-year.
For Sale Business Momentum
For Sale revenue of $514 million, up 12% YoY; residential revenue $450 million, up 8% YoY; mortgages revenue $64 million, up 56% YoY driven by 96% YoY growth in purchase loan origination volume to a record $1.5 billion.
Rentals Segment Acceleration
Rentals revenue of $183 million, up 42% YoY with multifamily revenue up 57%; reached 76,000 multifamily properties (up from 55,000 a year ago, +38%); 2.7 million average monthly active rental listings and 36 million average monthly unique rental visitors.
Product & AI Progress
AI mode live to ~5% of users with early signals of deeper engagement; engineers shipping 40% more code per engineer; Buyability enrollments reached 4.3 million users (from 3.6M at end of 2025); Preview and Showcase adoption increasing (Showcase on 4.3% of new listings vs 3.7% in Q4).
Platform Strength and Engagement
Roughly 80% of traffic is direct; more than twice the daily active app users of the next closest competitor; Zillow Pro and Follow Up Boss adoption and ShowingTime scale (90% of homes for sale tours enabled) reinforce ecosystem advantages.
Capital Allocation and Shareholder Returns
Repurchased $626 million of stock in the quarter, reducing diluted shares outstanding to ~240 million from 256 million a year ago; combined liquidity (~$788M cash & investments plus $500M undrawn revolver) of approximately $1.3 billion.
Improving Cost Efficiency
Share-based compensation expense down 16% YoY; Q1 EBITDA excluding $11M incremental legal costs would have been $193M (27% margin), representing ~160 basis points of margin expansion.
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 |
|---|---|---|---|
May 06, 2026 | $44.83 | $44.04 | -1.76% |
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% |
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 Jul 30, 2026, After Close (Confirmed).
What is Zillow Group Inc Class A (ZG) earnings time?
Zillow Group Inc Class A (ZG) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ZG EPS forecast?
ZG EPS forecast for the fiscal quarter 2026 (Q2) is 0.47.
