Zillow (Z) Operating Income (2014 - 2026)
Zillow's (Z) quarterly Operating Income came in at -$10.0 million in Q2 2026, up 9.09% year-over-year from -$9.2 million in Q2 2025, and down 127.78% quarter-over-quarter from $36.0 million in Q1 2026.
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Analysis
Zillow (Z) Operating Income (2014 - 2026) Analysis & Trends
Zillow (Z) has reported Operating Income for 13 consecutive years, with -$10.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Income rose 9.09% year-over-year to -$10.0 million in Q2 2026; TTM through Jun 2026 was $12.0 million, a 108.96% increase from a year earlier, with the FY2025 full-year figure at -$34.0 million, up 82.74% from the prior year.
- Operating Income was -$10.0 million for Q2 2026 at Zillow, down from $36.0 million in the prior quarter.
- Over five years, Operating Income peaked at $36.0 million in Q1 2022 and troughed at -$105.0 million in Q4 2023.
- A 5-year average of -$31.6 million and a median of -$41.5 million in 2023 frame the typical range for Operating Income.
- Across the five-year window, Operating Income slumped 1440.0% in 2023 and jumped 500.0% in 2026, its largest moves.
- Over 5 years, Operating Income stood at -$83.0 million in 2022, then declined by 26.51% to -$105.0 million in 2023, then jumped by 34.29% to -$69.0 million in 2024, then soared by 84.06% to -$11.0 million in 2025, then climbed by 9.09% to -$10.0 million in 2026.
- The last three Operating Income figures came in at -$10.0 million (Q2 2026), $36.0 million (Q1 2026), and -$11.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 11.66 Bn | 10.40 Bn | 728.00 Mn | 76.00 Mn |
| 2 | Appfolio | 7.30 Bn | 7.08 Bn | 178.53 Mn | 52.98 Mn |
| 3 | Zillow | 6.96 Bn | 6.28 Bn | 562.00 Mn | -10.00 Mn |
| 4 | SmartRent | 229.93 Mn | 137.27 Mn | 16.22 Mn | -6.46 Mn |
| 5 | Fangdd Network | 23.51 Mn | -82.57 Mn | - | - |
| 6 | 3 E Network Technology | 430,612.01 | -468,262.99 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.00 Mn |
| Mar 31, 2026 | 36.00 Mn |
| Dec 31, 2025 | -11.00 Mn |
| Sep 30, 2025 | -3.00 Mn |
| Jun 30, 2025 | -11.00 Mn |
| Mar 31, 2025 | -9.00 Mn |
| Dec 31, 2024 | -69.00 Mn |
| Sep 30, 2024 | -45.00 Mn |
| Jun 30, 2024 | -38.00 Mn |
| Mar 31, 2024 | -45.00 Mn |
| Dec 31, 2023 | -105.00 Mn |
| Sep 30, 2023 | -53.00 Mn |
| Jun 30, 2023 | -67.00 Mn |
| Mar 31, 2023 | -45.00 Mn |
| Dec 31, 2022 | -83.00 Mn |
| Sep 30, 2022 | -51.00 Mn |
| Jun 30, 2022 | 5.00 Mn |
| Mar 31, 2022 | 36.00 Mn |
| Dec 31, 2021 | 32.00 Mn |
| Sep 30, 2021 | 55.00 Mn |
API Access
Zillow Operating Income 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=operating-income&ticker=Z&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=Z&period=max&api_key=YOUR_API_KEY");
const data = await res.json();