Zillow (Z) Operating Margin (2014 - 2026)
Zillow's Operating Margin came in at -1.30% for Q2 2026, up 0.38 percentage points from -1.68% a year earlier but down 6.38 percentage points from the prior quarter.
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Analysis
Zillow (Z) Operating Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Zillow reported Operating Margin of 0.43%, up 6.04 percentage points year-over-year; for FY2025, it was -1.32%, up 7.49 percentage points from FY2024.
- Operating Margin carries a five-year change of -8.03 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -8.81% in FY2024 (+5.07 pp), -13.88% in FY2023 (-9.13 pp), -4.75% in FY2022 (-15.96 pp) and 11.21% in FY2021 (+4.50 pp).
- The five-year range for quarterly Operating Margin is -22.15% (Q4 2023) to 10.00% (Q3 2021).
- Year-over-year, Operating Margin has increased for ten consecutive quarters, with an average year-over-year change of +6.21 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2025 (a gain of 10.77 percentage points), and the weakest in Q4 2022 (a drop of 25.06 percentage points).
- Business Quant data shows Z's Operating Margin at 5.08% (Q1 2026), -1.68% (Q4 2025) and -0.44% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.30% |
| Mar 31, 2026 | 5.08% |
| Dec 31, 2025 | -1.68% |
| Sep 30, 2025 | -0.44% |
| Jun 30, 2025 | -1.68% |
| Mar 31, 2025 | -1.51% |
| Dec 31, 2024 | -12.45% |
| Sep 30, 2024 | -7.75% |
| Jun 30, 2024 | -6.64% |
| Mar 31, 2024 | -8.51% |
| Dec 31, 2023 | -22.15% |
| Sep 30, 2023 | -10.69% |
| Jun 30, 2023 | -13.24% |
| Mar 31, 2023 | -9.59% |
| Dec 31, 2022 | -19.08% |
| Sep 30, 2022 | -10.56% |
| Jun 30, 2022 | 0.99% |
| Mar 31, 2022 | 6.72% |
| Dec 31, 2021 | 5.98% |
| Sep 30, 2021 | 10.00% |
API Access
Zillow Operating 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=operating-margin&ticker=Z&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=Z&period=max&api_key=YOUR_API_KEY");
const data = await res.json();