KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Growth Metrics
Income Statement
Others
Ratios
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 - 2025)

Zillow (ZG) has disclosed Gross Margin for 12 consecutive years, with 72.78% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 303.0% to 72.78% in Q4 2025 year-over-year; TTM through Dec 2025 was 74.14%, a 229.0% decrease, with the full-year FY2025 number at 74.14%, down 229.0% from a year prior.
  • Gross Margin was 72.78% for Q4 2025 at Zillow, roughly flat from 72.63% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 87.9% in Q2 2022 to a low of 55.33% in Q4 2021.
  • A 5-year average of 65.95% and a median of 76.33% in 2024 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: tumbled -4020bps in 2021, then soared 13487bps in 2022.
  • Zillow's Gross Margin stood at 55.33% in 2021, then soared by 244bps to 79.54% in 2022, then fell by -5bps to 75.74% in 2023, then increased by 0bps to 75.81% in 2024, then dropped 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).