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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 (ZG) Gross Margin (2016 - 2026)

Zillow has reported Gross Margin over the past 12 years, most recently at 72.78% for Q4 2025.

  • Quarterly Gross Margin fell 303.0% to 72.78% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 74.14% through Dec 2025, down 229.0% year-over-year, with the annual reading at 74.14% for FY2025, 229.0% down from the prior year.
  • Gross Margin was 72.78% for Q4 2025 at Zillow, roughly flat from 72.63% in the prior quarter.
  • Over five years, Gross Margin peaked at 85.09% in Q3 2021 and troughed at 41.07% in Q2 2021.
  • The 5-year median for Gross Margin is 77.01% (2025), against an average of 74.53%.
  • Year-over-year, Gross Margin skyrocketed 11912bps in 2021 and then plummeted -380bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 82.24% in 2021, then decreased by -3bps to 79.54% in 2022, then decreased by -5bps to 75.74% in 2023, then grew by 0bps to 75.81% in 2024, then fell by -4bps to 72.78% in 2025.
  • Per Business Quant, the three most recent readings for ZG's Gross Margin are 72.78% (Q4 2025), 72.63% (Q3 2025), and 74.66% (Q2 2025).