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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

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20250.9%−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%
FY20125.1%5.0%88.0%
FY20111.7%1.5%84.0%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY262.0%+4.6 pts0.4%
Q1 FY262.3%+5.8 pts0.4%
Q4 FY250.9%+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.

CompanyProfit margin
ZGZillow2.0%
ETSYEtsy7.3%
HQYHealthequity17.4%
WEXWEX12.6%
EXLSExlService11.2%
OMFOneMain15.4%
CACCCredit Acceptance21.5%
AMTMAmentum1.4%
RELYRemitly Global16.9%
FIGRFigure Technology Solutions33.5%
DAVEDave34.6%
Peer median16.1%

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.