ZILLOW GROUP, INC.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
ZG$29.51-5.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(in millions, except share data, which are presented in thousands, and per share data, unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue: | ||
| For Sale revenue: | ||
| Residential | $450 | $417 |
| Mortgages | 64 | 41 |
| Total For Sale revenue | 514 | 458 |
| Rentals | 183 | 129 |
| Other | 11 | 11 |
| Total revenue | 708 | 598 |
| Cost of revenue | 189 | 139 |
| Gross profit | 519 | 459 |
| Operating expenses: | ||
| Sales and marketing | 210 | 198 |
| Technology and development | 150 | 149 |
| General and administrative | 123 | 121 |
| Total operating expenses | 483 | 468 |
| Income (loss) from operations | 36 | (9) |
| Other income, net | 16 | 22 |
| Interest expense | (4) | (5) |
| Income before income taxes | 48 | 8 |
| Income tax expense | (2) | — |
| Net income | $46 | $8 |
| Net income per share: | ||
| Basic | $0.19 | $0.03 |
| Diluted | $0.19 | $0.03 |
| Weighted-average shares outstanding: | ||
| Basic | 235,682 | 242,256 |
| Diluted | 239,644 | 256,192 |
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