Where can I find Z's financial statements?

Zillow Group, Inc. Class C (Z)'s full income statement, balance sheet, and cash flow statement are on this page in 10-K-style line-item format. Switch between the three statements via the pill toggle above the table.

How much history is available for Z?

Zillow Group, Inc. Class C (Z) statements are available back to its earliest filed 10-K — typically 10+ years of annual data and 40 quarters of quarterly data. Free-tier users see 5 years and 8 quarters; full history unlocks with a Pro account.

How often does Z update its statements?

Zillow Group, Inc. Class C files a 10-K annually (full audited year-end statements) and 10-Q reports quarterly (unaudited interim statements). New filings are typically parsed and reflected on this page within 48 hours of SEC submission.

Zillow Group, Inc. Class C

NASDAQ·Internet Content & Information · Communication Services

$32.24$0.12−0.37%

Market cap$7.75B·Sep 9 2:10 PM UTC

USD · values shown as reported

Line item	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$2.13B+31.3%	$1.96B−8.2%	$1.95B−0.7%	$2.24B+15.0%	$2.58B+15.5%
Cost of revenue	$323.00M+26.7%	$367.00M+13.6%	$421.00M+14.7%	$527.00M+25.2%	$668.00M+26.8%
Gross profit	$1.81B+32.1%	$1.59B−12.1%	$1.52B−4.2%	$1.71B+12.1%	$1.92B+12.1%
Research & development	$421.00M+20.6%	$498.00M+18.3%	$560.00M+12.4%	$585.00M+4.5%	$607.00M+3.8%
General & administrative	$414.00M+51.1%	$498.00M+20.3%	$553.00M+11.0%	$524.00M−5.2%	$497.00M−5.2%
Selling & marketing	$715.00M+33.6%	$664.00M−7.1%	$658.00M−0.9%	$790.00M+20.1%	$843.00M+6.7%
SG&A (combined)	$1.13B+39.6%	$1.16B+2.9%	$1.21B+4.2%	$1.31B+8.5%	$1.34B+2.0%
Other operating expenses	$20.00M−60.0%	$24.00M+20.0%	$23.00M−4.2%	$7.00M−69.6%	—
Total operating expenses	$1.57B+30.0%	$1.68B+7.3%	$1.79B+6.5%	$1.91B+6.2%	$1.95B+2.2%
Operating income	$239.00M+48.4%	−$93.00M−138.9%	−$270.00M−190.3%	−$197.00M+27.0%	−$32.00M+83.8%
Interest expense	$128.00M−17.5%	$35.00M−72.7%	$36.00M+2.9%	$36.00M+0.0%	$18.00M−50.0%
Other income / (expense), net	−$138.00M+15.9%	$8.00M+105.8%	$116.00M+1,350.0%	$90.00M−22.4%	$57.00M−36.7%
Income before tax	$101.00M+3,466.7%	−$85.00M−184.2%	−$154.00M−81.2%	−$107.00M+30.5%	$25.00M+123.4%
Income tax expense	−$1.00M+87.5%	$3.00M+400.0%	$4.00M+33.3%	$5.00M+25.0%	$2.00M−60.0%
Net income	−$528.00M−225.9%	−$101.00M+80.9%	−$158.00M−56.4%	−$112.00M+29.1%	$23.00M+120.5%

EPS (basic)	−$2.11−193.1%	−$0.42+80.1%	−$0.68−61.9%	−$0.48+29.4%	$0.10+119.8%
EPS (diluted)	−$2.11−193.1%	−$0.42+80.1%	−$0.68−61.9%	−$0.48+29.4%	$0.09+118.9%
Weighted avg shares (basic)	249,937,000	242,163,000	233,575,000	234,077,000	241,930,000
Weighted avg shares (diluted)	249,937,000	242,163,000	233,575,000	234,077,000	254,117,000

Depreciation & amortization	$153.00M+77.9%	$180.00M+17.6%	$243.00M+35.0%	$250.00M+2.9%	$293.00M+17.2%
EBITDA	$382.00M+40.4%	$130.00M−66.0%	$125.00M−3.8%	$179.00M+43.2%	$336.00M+87.7%

Frequently Asked Questions About Z

Where can I find Z's financial statements?: Zillow Group, Inc. Class C (Z)'s full income statement, balance sheet, and cash flow statement are on this page in 10-K-style line-item format. Switch between the three statements via the pill toggle above the table.
How much history is available for Z?: Zillow Group, Inc. Class C (Z) statements are available back to its earliest filed 10-K — typically 10+ years of annual data and 40 quarters of quarterly data. Free-tier users see 5 years and 8 quarters; full history unlocks with a Pro account.
How often does Z update its statements?: Zillow Group, Inc. Class C files a 10-K annually (full audited year-end statements) and 10-Q reports quarterly (unaudited interim statements). New filings are typically parsed and reflected on this page within 48 hours of SEC submission.

Line item

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Trend

Revenue

$2.13B+31.3%

$1.96B−8.2%

$1.95B−0.7%

$2.24B+15.0%

$2.58B+15.5%

Cost of revenue

$323.00M+26.7%

$367.00M+13.6%

$421.00M+14.7%

$527.00M+25.2%

$668.00M+26.8%

Gross profit

$1.81B+32.1%

$1.59B−12.1%

$1.52B−4.2%

$1.71B+12.1%

$1.92B+12.1%

Research & development

$421.00M+20.6%

$498.00M+18.3%

$560.00M+12.4%

$585.00M+4.5%

$607.00M+3.8%

General & administrative

$414.00M+51.1%

$498.00M+20.3%

$553.00M+11.0%

$524.00M−5.2%

$497.00M−5.2%

Selling & marketing

$715.00M+33.6%

$664.00M−7.1%

$658.00M−0.9%

$790.00M+20.1%

$843.00M+6.7%

SG&A (combined)

$1.13B+39.6%

$1.16B+2.9%

$1.21B+4.2%

$1.31B+8.5%

$1.34B+2.0%

Other operating expenses

$20.00M−60.0%

$24.00M+20.0%

$23.00M−4.2%

$7.00M−69.6%

—

Total operating expenses

$1.57B+30.0%

$1.68B+7.3%

$1.79B+6.5%

$1.91B+6.2%

$1.95B+2.2%

Operating income

$239.00M+48.4%

−$93.00M−138.9%

−$270.00M−190.3%

−$197.00M+27.0%

−$32.00M+83.8%

Interest expense

$128.00M−17.5%

$35.00M−72.7%

$36.00M+2.9%

$36.00M+0.0%

$18.00M−50.0%

Other income / (expense), net

−$138.00M+15.9%

$8.00M+105.8%

$116.00M+1,350.0%

$90.00M−22.4%

$57.00M−36.7%

Income before tax

$101.00M+3,466.7%

−$85.00M−184.2%

−$154.00M−81.2%

−$107.00M+30.5%

$25.00M+123.4%

Income tax expense

−$1.00M+87.5%

$3.00M+400.0%

$4.00M+33.3%

$5.00M+25.0%

$2.00M−60.0%

Net income

−$528.00M−225.9%

−$101.00M+80.9%

−$158.00M−56.4%

−$112.00M+29.1%

$23.00M+120.5%

EPS (basic)

−$2.11−193.1%

−$0.42+80.1%

−$0.68−61.9%

−$0.48+29.4%

$0.10+119.8%

EPS (diluted)

−$2.11−193.1%

−$0.42+80.1%

−$0.68−61.9%

−$0.48+29.4%

$0.09+118.9%

Weighted avg shares (basic)

249,937,000

242,163,000

233,575,000

234,077,000

241,930,000

Weighted avg shares (diluted)

249,937,000

242,163,000

233,575,000

234,077,000

254,117,000

Depreciation & amortization

$153.00M+77.9%

$180.00M+17.6%

$243.00M+35.0%

$250.00M+2.9%

$293.00M+17.2%

EBITDA

$382.00M+40.4%

$130.00M−66.0%

$125.00M−3.8%

$179.00M+43.2%

$336.00M+87.7%