Growth Metrics

Zillow (ZG) Net Margin (2016 - 2025)

Zillow (ZG) has disclosed Net Margin for 12 consecutive years, with 0.46% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin rose 984.0% to 0.46% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.89%, a 590.0% increase, with the full-year FY2025 number at 0.89%, up 590.0% from a year prior.
  • Net Margin was 0.46% for Q4 2025 at Zillow, down from 1.48% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 6.37% in Q3 2021 to a low of 16.55% in Q4 2022.
  • A 5-year average of 2.27% and a median of 0.41% in 2022 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: skyrocketed 2237bps in 2021, then plummeted -1592bps in 2022.
  • Zillow's Net Margin stood at 0.63% in 2021, then tumbled by -2510bps to 16.55% in 2022, then rose by 7bps to 15.4% in 2023, then skyrocketed by 39bps to 9.39% in 2024, then surged by 105bps to 0.46% in 2025.
  • Per Business Quant, the three most recent readings for ZG's Net Margin are 0.46% (Q4 2025), 1.48% (Q3 2025), and 0.31% (Q2 2025).