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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) Operating Margin (2016 - 2026)

Zillow has reported Operating Margin over the past 12 years, most recently at 1.68% for Q4 2025.

  • Quarterly Operating Margin rose 1077.0% to 1.68% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 1.32% through Dec 2025, up 749.0% year-over-year, with the annual reading at 1.32% for FY2025, 749.0% up from the prior year.
  • Operating Margin was 1.68% for Q4 2025 at Zillow, down from 0.44% in the prior quarter.
  • Over five years, Operating Margin peaked at 10.0% in Q3 2021 and troughed at 22.15% in Q4 2023.
  • The 5-year median for Operating Margin is 4.16% (2025), against an average of 4.52%.
  • Year-over-year, Operating Margin skyrocketed 3185bps in 2021 and then tumbled -2506bps in 2022.
  • A 5-year view of Operating Margin shows it stood at 5.98% in 2021, then tumbled by -419bps to 19.08% in 2022, then fell by -16bps to 22.15% in 2023, then skyrocketed by 44bps to 12.45% in 2024, then soared by 86bps to 1.68% in 2025.
  • Per Business Quant, the three most recent readings for ZG's Operating Margin are 1.68% (Q4 2025), 0.44% (Q3 2025), and 1.68% (Q2 2025).