Zillow (Z) Net Margin (2014 - 2026)
Zillow (Z) recorded Net Margin of -0.52% in Q2 2026, down 0.82 percentage points from 0.31% a year earlier and down 7.02 percentage points from the prior quarter.
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Analysis
Zillow (Z) Net Margin (2014 - 2026) Analysis & Trends
On a TTM basis, Zillow's Net Margin came in at 1.96% as of Jun 30, 2026, up 4.55 percentage points year-over-year; for FY2025, it came in at 0.89%, up 5.90 percentage points from FY2024.
- Annual Net Margin has a five-year change of +10.87 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at -5.01% in FY2024 (+3.11 pp), -8.12% in FY2023 (-2.97 pp), -5.16% in FY2022 (+19.61 pp) and -24.77% in FY2021 (-14.79 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin since Q4 2024.
- On a year-over-year basis, Net Margin rose in seven of the last eight quarters, with an average year-over-year change of +4.54 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 48.85 percentage points in Q3 2022, against a drop of 65.84 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.50% (Q1 2026), 0.46% (Q4 2025) and 1.48% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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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% |
API Access
Zillow Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=Z&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "Z", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=Z&period=max&api_key=YOUR_API_KEY");
const data = await res.json();