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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) Operating Margin (2016 - 2025)

Zillow (Z) has disclosed Operating Margin for 12 consecutive years, with 1.68% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 1077.0% to 1.68% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 1.32% through Dec 2025, up 749.0% year-over-year, with the annual reading at 1.32% for FY2025, 749.0% up from the prior year.
  • Operating Margin for Q4 2025 was 1.68% at Zillow, down from 0.44% in the prior quarter.
  • The five-year high for Operating Margin was 10.0% in Q3 2021, with the low at 22.15% in Q4 2023.
  • Average Operating Margin over 5 years is 4.52%, with a median of 4.16% recorded in 2025.
  • The sharpest move saw Operating Margin surged 3185bps in 2021, then crashed -2506bps in 2022.
  • Over 5 years, Operating Margin stood at 5.98% in 2021, then plummeted by -419bps to 19.08% in 2022, then decreased by -16bps to 22.15% in 2023, then soared by 44bps to 12.45% in 2024, then surged by 86bps to 1.68% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 1.68%, 0.44%, and 1.68% for Q4 2025, Q3 2025, and Q2 2025 respectively.