Zillow (ZG) Gross Margin (2014 - 2026)

Zillow (ZG) has 13 years of Gross Margin data on file, last reported at 73.31% in Q1 2026.

• Gross Margin for Q1 2026 came in at 73.31%, down 345.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 73.34% (down 310.0% YoY), and the FY2025 annual result was 74.14%, down 229.0% from the prior year.
• Gross Margin improved to 73.31% in Q1 2026 per ZG's latest filing, from 72.78% in the prior quarter.
• Over five years, Gross Margin peaked at 82.84% in Q1 2022 and troughed at 72.63% in Q3 2025.
• A 5-year average of 77.29% and a median of 76.76% in 2025 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin soared 4121 bps in 2022, then slumped 380 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 79.54% in 2022, then decreased by 5 bps to 75.74% in 2023, then grew by 0 bps to 75.81% in 2024, then fell by 4 bps to 72.78% in 2025, then climbed 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.