Zillow profit margin ZG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 2.0%
- Operating margin, 12 months
- 0.4%
- Net margin on a year earlier
- +4.6 pts
- Peer median
- 16.1%
Over the twelve months to Jun 30, 2026, Zillow kept 2.0% of its revenue as net profit, with an operating margin of 0.4% and a gross margin of 72.9%.
Five years earlier its net margin was 3.7%.
The median for 10 credit services stocks of a similar size is 16.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 0.9% | −1.3% | 74.1% |
| FY2024 | −5.0% | −8.8% | 76.4% |
| FY2023 | −8.1% | −13.9% | 78.4% |
| FY2022 | −5.2% | −4.7% | 81.3% |
| FY2021 | −7.6% | 3.4% | 28.4% |
| FY2020 | −4.9% | −1.2% | 45.8% |
| FY2019 | −11.1% | −9.0% | 47.8% |
| FY2018 | −9.0% | −9.7% | 88.5% |
| FY2017 | −8.8% | −15.0% | 92.1% |
| FY2016 | −26.0% | −22.8% | 91.8% |
| FY2015 | −23.1% | −23.2% | 90.4% |
| FY2014 | −13.4% | −13.7% | 91.0% |
| FY2013 | −6.3% | −8.6% | 90.5% |
| FY2012 | 5.1% | 5.0% | 88.0% |
| FY2011 | 1.7% | 1.5% | 84.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 2.0% | +4.6 pts | 0.4% | |
| Q1 FY26 | 2.3% | +5.8 pts | 0.4% | |
| Q4 FY25 | 0.9% | +5.9 pts | −1.3% | |
| Q3 FY25 | −1.3% | +4.9 pts | −3.7% | |
| Q2 FY25 | −2.6% | +4.2 pts | −5.6% | |
| Q1 FY25 | −3.5% | +4.4 pts | −7.0% | |
| Q4 FY24 | −5.0% | +3.1 pts | −8.8% | |
| Q3 FY24 | −6.2% | +2.1 pts | −10.8% | |
| Q2 FY24 | −6.8% | +2.8 pts | −11.6% | |
| Q1 FY24 | −7.9% | −0.6 pts | −13.5% | |
| Q4 FY23 | −8.1% | −3.0 pts | −13.9% | |
| Q3 FY23 | −8.2% | −2.9 pts | −13.0% |
Against its peers
Companies in Financial - Credit Services nearest Zillow's size, closest first, today.
| Company | Profit margin |
|---|---|
| ZGZillow | 2.0% |
| ETSYEtsy | 7.3% |
| HQYHealthequity | 17.4% |
| WEXWEX | 12.6% |
| EXLSExlService | 11.2% |
| OMFOneMain | 15.4% |
| CACCCredit Acceptance | 21.5% |
| AMTMAmentum | 1.4% |
| RELYRemitly Global | 16.9% |
| FIGRFigure Technology Solutions | 33.5% |
| DAVEDave | 34.6% |
| Peer median | 16.1% |
Where Zillow ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Zillow
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.