Zillow Group, Inc. (ZG) Gross Margin (2014 - 2026)
Zillow (ZG) posted quarterly Gross Margin of 73.31% for Q1 2026, down 345.0% year-over-year from 29.92% in Q1 2025, and up 0.72% quarter-over-quarter from 72.78% in Q4 2025.
Zillow Group, Inc. (ZG) Gross Margin (2014 - 2026) Analysis & Trends
Zillow (ZG) has reported Gross Margin for 13 consecutive years, with 73.31% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 345.0% year-over-year to 73.31%; the TTM figure through Mar 2026 stood at 73.34% (down 310.0% YoY), while the FY2025 annual figure was 74.14%, down 229.0% from the prior year.
- Gross Margin advanced to 73.31% in Q1 2026 per ZG's latest filing, from 72.78% in the prior quarter.
- Across five years, Gross Margin topped out at 82.84% in Q1 2022 and bottomed at 72.63% in Q3 2025.
- Historically, Gross Margin has averaged 77.29% across 5 years, with a median of 76.76% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin soared 4121 bps — and 2023, when it slumped 380 bps.
- Zillow's Gross Margin stood at 79.54% in 2022, then slipped by 5 bps to 75.74% in 2023, then increased by 0 bps to 75.81% in 2024, then retreated by 4 bps to 72.78% in 2025, then grew by 1 bps to 73.31% in 2026.
- Business Quant data shows ZG's Gross Margin at 73.31% in Q1 2026, 72.78% in Q4 2025, and 72.63% in Q3 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.80% |
| Mar 31, 2026 | 73.31% |
| Dec 31, 2025 | 72.78% |
| Sep 30, 2025 | 72.63% |
| Jun 30, 2025 | 74.66% |
| Mar 31, 2025 | 76.76% |
| Dec 31, 2024 | 75.81% |
| Sep 30, 2024 | 75.90% |
| Jun 30, 2024 | 77.27% |
| Mar 31, 2024 | 76.75% |
| Dec 31, 2023 | 75.74% |
| Sep 30, 2023 | 77.82% |
| Jun 30, 2023 | 79.45% |
| Mar 31, 2023 | 80.38% |
| Dec 31, 2022 | 79.54% |
| Sep 30, 2022 | 81.57% |
| Jun 30, 2022 | 80.75% |
| Mar 31, 2022 | 82.84% |
| Dec 31, 2021 | 82.24% |
| Sep 30, 2021 | 85.09% |