Zillow (Z) EBITDA Margin (2014 - 2026)
Zillow (Z) reported EBITDA Margin of 5.08% for Q1 2026, up 659.0% year-over-year from 0.67% in Q1 2025, and up 402.31% quarter-over-quarter from 1.68% in Q4 2025.
Zillow (Z) EBITDA Margin (2014 - 2026) Analysis & Trends
Zillow (Z) has 13 years of EBITDA Margin data on file, last reported at 5.08% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 5.08%, up 659.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.41% (up 739.0% YoY), and the FY2025 annual result was 1.32%, up 749.0% from the prior year.
- EBITDA Margin rose to 5.08% in Q1 2026 per Z's latest filing, from 1.68% in the prior quarter.
- Over five years, EBITDA Margin peaked at 6.72% in Q1 2022 and troughed at 22.15% in Q4 2023.
- A 5-year average of 6.66% and a median of 7.75% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2022 and 2025: EBITDA Margin tumbled 2506 bps in 2022, then surged 1077 bps in 2025.
- 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.
- Business Quant data shows Z's EBITDA Margin at 5.08% in Q1 2026, 1.68% in Q4 2025, and 0.44% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | -32.08% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 36.12% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 40.62% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 15.77% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 27.57% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | -7.97% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 30.02% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 29.00% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | -4.87% |
| 10 | Zillow | 7.56 Bn | 6.78 Bn | 519.00 Mn | 5.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.08% |
| Dec 31, 2025 | -1.68% |
| Sep 30, 2025 | -0.44% |
| Jun 30, 2025 | -1.68% |
| Mar 31, 2025 | -1.51% |
| Dec 31, 2024 | -12.45% |
| Sep 30, 2024 | -7.75% |
| Jun 30, 2024 | -6.64% |
| Mar 31, 2024 | -8.51% |
| Dec 31, 2023 | -22.15% |
| Sep 30, 2023 | -10.69% |
| Jun 30, 2023 | -13.24% |
| Mar 31, 2023 | -9.59% |
| Dec 31, 2022 | -19.08% |
| Sep 30, 2022 | -10.56% |
| Jun 30, 2022 | 0.99% |
| Mar 31, 2022 | 6.72% |
| Dec 31, 2021 | 5.98% |
| Sep 30, 2021 | 10.00% |
| Jun 30, 2021 | 4.73% |