ZILLOW GROUP, INC.
For the period ended Jun 30, 2026. Filed Aug 5, 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.
Jun 30, 2026 · Filed Aug 5, 2026
ZG$29.51-5.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue: | ||||
| For Sale revenue: | ||||
| Residential | $465 | $434 | $915 | $851 |
| Mortgages | 84 | 48 | 148 | 89 |
| Total For Sale revenue | 549 | 482 | 1,063 | 940 |
| Rentals | 209 | 159 | 392 | 288 |
| Other | 14 | 14 | 25 | 25 |
| Total revenue | 772 | 655 | 1,480 | 1,253 |
| Cost of revenue | 210 | 166 | 399 | 305 |
| Gross profit | 562 | 489 | 1,081 | 948 |
| Operating expenses: | ||||
| Sales and marketing | 249 | 226 | 459 | 424 |
| Technology and development | 156 | 153 | 306 | 302 |
| General and administrative | 131 | 121 | 254 | 242 |
| Restructuring costs | 36 | — | 36 | — |
| Total operating expenses | 572 | 500 | 1,055 | 968 |
| Income (loss) from operations | (10) | (11) | 26 | (20) |
| Other income, net | 13 | 18 | 29 | 40 |
| Interest expense | (6) | (5) | (10) | (10) |
| Income (loss) before income taxes | (3) | 2 | 45 | 10 |
| Income tax expense | (1) | — | (3) | — |
| Net income (loss) | $(4) | $2 | $42 | $10 |
| Net income (loss) per share: | ||||
| Basic | $(0.02) | $0.01 | $0.18 | $0.04 |
| Diluted | $(0.02) | $0.01 | $0.18 | $0.04 |
| Weighted-average shares outstanding: | ||||
| Basic | 227,896 | 241,083 | 231,767 | 241,667 |
| Diluted | 227,896 | 251,665 | 233,891 | 253,916 |
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