Z
Zillow Group, Inc. Class C
Z lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
Z Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Strong |
Z's revenue, cash flow and balance sheet are currently healthy, but its profitability is under pressure.
Z PE Valuation
Z has no meaningful PE right now: it lost money over the past year.
Z Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect Z's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
Z Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.08 | — |
| Q3 2026 | -$0.52 | -$0.37 |
| Q2 2026 | $0.22 | +$0.49 |
| Q1 2026 | $0.25 | +$0.60 |
| Q4 2025 | $0.09 | +$0.57 |
| Q3 2025 | -$0.15 | +$0.42 |
| Q2 2025 | -$0.27 | +$0.34 |
| Q1 2025 | -$0.35 | +$0.34 |
| Q4 2024 | -$0.48 | +$0.20 |
Z is still losing money, but far less than before: $0.52 per share over the past year, against $2.26 at its worst in mid-2022.
Z Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $724M | +7.1% |
| Q2 2026 | $772M | +18% |
| Q1 2026 | $708M | +18% |
| Q4 2025 | $654M | +18% |
| Q3 2025 | $676M | +16% |
| Q2 2025 | $655M | +15% |
| Q1 2025 | $598M | +13% |
| Q4 2024 | $554M | +17% |
Z's revenue has grown year over year for 13 quarters in a row: $724M last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -22% | -22 points |
| Q2 2026 | -1.3% | +0.4 points |
| Q1 2026 | 5.1% | +6.6 points |
| Q4 2025 | -1.7% | +11 points |
| Q3 2025 | -0.4% | +7.3 points |
| Q2 2025 | -1.7% | +5 points |
| Q1 2025 | -1.5% | +7 points |
| Q4 2024 | -12% | +9.7 points |
Z's operating margin was −22% last quarter, down 22 points from the same quarter a year ago, near the bottom of its range since 2019.
Z Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $128M | +75% |
| Q2 2026 | -$25M | -150% |
| Q1 2026 | $166M | +144% |
| Q4 2025 | $44M | -50% |
| Q3 2025 | $73M | -47% |
| Q2 2025 | $50M | +178% |
| Q1 2025 | $68M | +66% |
| Q4 2024 | $88M | +69% |
Z still generates free cash flow, though less than at its 2022 peak: $313M over the past year.
Z Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -2.6M shares |
| 1 year | -12% | -30.9M shares |
| 3 years | -3.4% | -8M shares |
| 5 years | -11% | -28.8M shares |
| Available history | +9.2% | +18.9M shares |
Z has 225M diluted shares, down 12% from a year ago, with $1.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q2 2026 | $200M |
| Q1 2026 | $626M |
| Q4 2025 | $232M |
| Q3 2025 | $38M |
| Q2 2025 | $150M |
| Q1 2025 | $250M |
| Q4 2024 | — |
Z spent $1.1B buying back its own shares over the past year, up 146% from the year before.
Z Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -1.3x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -3.6x | Net Cash |
| Q2 2025 | -2.9x | Net Cash |
| Q1 2025 | -8.4x | Net Cash |
| Q4 2024 | -21.8x | Net Cash |
Z has more cash than debt.
Z Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.0 | Neutral |
| Stochastic | 28.4 | Neutral |
Z's weekly RSI is 37 (neutral) and its Stochastic is 28 (neutral).
Z PE vs Communication Services Sector
| Metric | Z | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 16x | 673% above |
| PE % | 19 | 26 | 7 pts below |
Z has no meaningful PE right now: it lost money over the past year.
Z Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 3.2% below |
| 20 week MA | $32.0 | 9.9% below |
| 50 week MA | $42.4 | 32% below |
| 100 week MA | $58.7 | 51% below |
| 200 week MA | $54.7 | 47% below |
Z is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.
Z Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.1 | $138.6 | +201% |
| 2021 | $138.6 | $63.7 | -54% |
| 2022 | $63.7 | $33.1 | -48% |
| 2023 | $33.1 | $57.9 | +75% |
| 2024 | $57.9 | $76.2 | +32% |
| 2025 | $76.2 | $69.8 | -8.4% |
| 2026 YTD | $69.8 | $28.8 | -59% |
Z's yearly returns have swung widely, from +201% in 2020 to −54% in 2021. It's down 59% so far in 2026.