Zillow (ZG) Gross Margin (2014 - 2026)
Zillow (ZG) reported Gross Margin of 71.27% for Q3 2026, down 1.36 percentage points from 72.63% a year earlier and down 1.53 percentage points from the prior quarter.
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Analysis
Zillow (ZG) Gross Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Zillow's Gross Margin came in at 72.53%, down 2.34 percentage points year-over-year; for FY2025, it came in at 74.14%, down 2.29 percentage points from FY2024.
- Gross Margin has declined for four consecutive years, with a five-year change of -10.16 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 76.43% in FY2024 (-1.92 pp), 78.35% in FY2023 (-2.90 pp), 81.26% in FY2022 (-3.59 pp) and 84.85% in FY2021 (+0.55 pp).
- The Q3 2026 figure ranks as the lowest quarterly Gross Margin since Q2 2021.
- Year over year, Gross Margin has now declined in each of the last six quarters, with an average year-over-year change of -1.94 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q1 2022 (a gain of 41.21 percentage points); the low point was Q4 2023 (a drop of 3.80 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 72.80% (Q2 2026), 73.31% (Q1 2026) and 72.78% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.39 Bn | 21.63 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | 77.21% |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 81.74% |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | 27.41% |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | 56.93% |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 82.93% |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 68.17% |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 77.84% |
| 10 | Zillow | 6.85 Bn | 3.38 Bn | 516.00 Mn | 71.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 71.27% |
| 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% |
API Access
Zillow Gross 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=gross-margin&ticker=ZG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ZG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ZG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();