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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Zillow (Z) Gross Margin (2016 - 2025)

Zillow (Z) has disclosed Gross Margin for 12 consecutive years, with 72.78% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 303.0% to 72.78% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 74.14% through Dec 2025, down 229.0% year-over-year, with the annual reading at 74.14% for FY2025, 229.0% down from the prior year.
  • Gross Margin for Q4 2025 was 72.78% at Zillow, roughly flat from 72.63% in the prior quarter.
  • The five-year high for Gross Margin was 85.09% in Q3 2021, with the low at 41.07% in Q2 2021.
  • Average Gross Margin over 5 years is 74.53%, with a median of 77.01% recorded in 2025.
  • Peak annual rise in Gross Margin hit 11912bps in 2021, while the deepest fall reached -4020bps in 2021.
  • Over 5 years, Gross Margin stood at 82.24% in 2021, then dropped by -3bps to 79.54% in 2022, then dropped by -5bps to 75.74% in 2023, then rose by 0bps to 75.81% in 2024, then decreased by -4bps to 72.78% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 72.78%, 72.63%, and 74.66% for Q4 2025, Q3 2025, and Q2 2025 respectively.