Zillow (Z) Net Margin (2014 - 2026)
Zillow (Z) posted quarterly Net Margin of 6.5% for Q1 2026, up 516.0% year-over-year from 1.05% in Q1 2025, and up 1316.38% quarter-over-quarter from 0.46% in Q4 2025.
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Zillow (Z) Net Margin (2014 - 2026) Analysis & Trends
Zillow (Z) has reported Net Margin for 12 consecutive years, with 6.5% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 516.0% year-over-year to 6.5%; the TTM figure through Mar 2026 stood at 2.27% (up 578.0% YoY), while the FY2025 annual figure was 0.89%, changed N/A from the prior year.
- Net Margin improved to 6.5% in Q1 2026 per Z's latest filing, from 0.46% in the prior quarter.
- Across five years, Net Margin topped out at 6.5% in Q1 2026 and bottomed at 9.39% in Q4 2024.
- Historically, Net Margin has averaged 1.05% across 4 years, with a median of 0.41% in 2022.
- On a YoY basis, Net Margin climbed as much as 6268 bps in 2022 and fell as far as 595 bps in 2022.
- Zillow's Net Margin stood at 0.41% in 2022, then sank by 2167 bps to 9.39% in 2024, then surged by 105 bps to 0.46% in 2025, then soared by 1316 bps to 6.5% in 2026.
- Business Quant data shows Z's Net Margin at 6.5% in Q1 2026, 0.46% in Q4 2025, and 1.48% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 26.07% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 11.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.47% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 31.41% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.33% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -3.96% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 19.99% |
| 10 | Zillow | 8.00 Bn | 7.31 Bn | 562.00 Mn | -0.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.52% |
| Mar 31, 2026 | 6.50% |
| Dec 31, 2025 | 0.46% |
| Sep 30, 2025 | 1.48% |
| Jun 30, 2025 | 0.31% |
| Mar 31, 2025 | 1.34% |
| Dec 31, 2024 | -9.39% |
| Sep 30, 2024 | -3.44% |
| Jun 30, 2024 | -2.97% |
| Mar 31, 2024 | -4.35% |
| Dec 31, 2023 | -15.40% |
| Sep 30, 2023 | -5.65% |
| Jun 30, 2023 | -6.92% |
| Mar 31, 2023 | -4.69% |
| Dec 31, 2022 | -16.55% |
| Sep 30, 2022 | -10.97% |
| Jun 30, 2022 | 1.59% |
| Mar 31, 2022 | 2.99% |
| Dec 31, 2021 | -48.79% |
| Sep 30, 2021 | -59.82% |