Zillow Group, Inc. (Z) EBITDA Margin (2014 - 2026)

Zillow has disclosed EBITDA Margin across 13 years of filings, most recently posting 5.08% for Q1 2026.

• In Q1 2026, EBITDA Margin rose 659.0% year-over-year to 5.08%; the TTM figure through Mar 2026 stood at 0.41% (up 739.0% YoY), while the FY2025 annual figure was 1.32%, up 749.0% from the prior year.
• EBITDA Margin advanced to 5.08% in Q1 2026, from 1.68% in the prior quarter.
• Over the last five years, EBITDA Margin for Z reached as high as 6.72% in Q1 2022 and fell as low as 22.15% in Q4 2023.
• The 5-year median for EBITDA Margin is 7.75% (2024), against an average of 6.66%.
• Annual changes were most pronounced in 2022 — EBITDA Margin sank 2506 bps — and 2025, when it surged 1077 bps.
• A 5-year view of EBITDA Margin shows it stood at 19.08% in 2022, then fell by 16 bps to 22.15% in 2023, then jumped by 44 bps to 12.45% in 2024, then soared by 86 bps to 1.68% in 2025, then soared by 402 bps to 5.08% in 2026.
• According to Business Quant data, EBITDA Margin over the past three periods registered 5.08%, 1.68%, and 0.44% for Q1 2026, Q4 2025, and Q3 2025 respectively.