Zillow (Z) Operating Income (2014 - 2026)
Zillow (Z) posted quarterly Operating Income of $36.0 million for Q1 2026, up 500.0% year-over-year from $6.0 million in Q1 2025, and up 427.27% quarter-over-quarter from -$11.0 million in Q4 2025.
Zillow (Z) Operating Income (2014 - 2026) Analysis & Trends
Zillow (Z) has reported Operating Income for 13 consecutive years, with $36.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income rose 500.0% year-over-year to $36.0 million; the TTM figure through Mar 2026 stood at $11.0 million (up 106.83% YoY), while the FY2025 annual figure was -$34.0 million, up 82.74% from the prior year.
- Operating Income improved to $36.0 million in Q1 2026 per Z's latest filing, from -$11.0 million in the prior quarter.
- Across five years, Operating Income topped out at $36.0 million in Q1 2022 and bottomed at -$105.0 million in Q4 2023.
- Historically, Operating Income has averaged -$32.8 million across 5 years, with a median of -$45.0 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Income sank 1440.0% — and 2026, when it surged 500.0%.
- Zillow's Operating Income stood at -$83.0 million in 2022, then retreated by 26.51% to -$105.0 million in 2023, then soared by 34.29% to -$69.0 million in 2024, then surged by 84.06% to -$11.0 million in 2025, then soared by 427.27% to $36.0 million in 2026.
- Business Quant data shows Z's Operating Income at $36.0 million in Q1 2026, -$11.0 million in Q4 2025, and -$3.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,179.34 Bn | 3,750.30 Bn | 73.85 Bn | 40.77 Bn |
| 2 | Meta Platforms | 1,534.00 Bn | 1,443.74 Bn | 49.47 Bn | 18.78 Bn |
| 3 | Taboola.com | 1,136.26 Bn | 1,136.12 Bn | 139.48 Mn | 7.26 Mn |
| 4 | Baidu | 288.64 Bn | 284.15 Bn | 1.88 Mn | 495.00 Mn |
| 5 | Spotify Technology | 103.10 Bn | 92.86 Bn | 1.75 Bn | 1.24 Bn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | 18.27 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 102,075.00 |
| 8 | Nebius | 49.24 Bn | 39.61 Bn | 295.20 Mn | -128.00 Mn |
| 9 | 30.20 Bn | 27.41 Bn | 734.60 Mn | 231.72 Mn | |
| 10 | Zillow | 7.78 Bn | 7.10 Bn | 562.00 Mn | -10.00 Mn |
Historic Data
Download 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 |