NASDAQ$Z

Zillow Group Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Zillow Group reported Q1 2026 revenue of $708M, net income of $48M, and diluted EPS of $0.19.

Revenue grew 18% to $708 million from $598 million across Residential and Rentals. Net income was $48 million versus $5 million; diluted EPS was $0.19 versus $0.03.

  • Revenue $708M (+18% YoY).
  • Net income $48M; diluted EPS $0.19 vs $0.03.
  • Residential and Rentals segments growing.
  • Housing market transaction volumes affect growth.

Headline financials

Total Revenue

$708M

Previous: $598M+18.4%
EPS (adj)

$0.19

Previous: $0.03+533.3%
Capital Expenditures

-$34M

Previous: -$36M+5.6%
Net Income

$46M

Previous: $8M+475.0%
Operating Income

$36M

Previous: -$9M+500.0%
Gross Profit

$519M

Previous: $459M+13.1%

Revenue & EPS history

Zillow · Revenue · Quarterly

$708M

Q1 2026+18.4%vs Q1 2025
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Zillow · $496M total across 4 segments · Q3 2023

  • Residential Revenue
    $362M
  • Rentals Revenue
    $99M+33.8%
  • Mortgages Revenue
    $24M-7.7%
  • Other Revenue
    $11M-84.5%

Forward guidance

Management discusses housing turnover, mortgage rates, and Premier Agent trends.

Tailwinds

  • Revenue growth reaccelerated.
  • Profitability improved sharply YoY.

Headwinds

  • Housing affordability and rate sensitivity.
  • Competition in listings and rentals.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.5%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

56%

24 / 43 earnings

Positive

+27.1%

Q4 2018

Best reaction

-32.6%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.9%-11.0%-21.3%
Q4 2025-16.5%-20.6%-21.6%
Q3 2025+4.2%+1.8%+3.7%
Q1 2025+0.0%+3.6%+3.6%
Q4 2024-9.4%-7.4%-18.2%
Q3 2024+15.7%+20.7%+30.9%
Q2 2024+16.5%+20.3%+25.7%
Q1 2024-6.4%-2.0%-3.8%
Q4 2023+4.7%-1.2%-0.6%
Q3 2023-2.1%+2.4%+19.6%
Q2 2023-0.6%+1.2%-5.1%
Q1 2023+8.8%+12.7%+9.0%
Q4 2022+5.2%+0.8%-10.8%
Q3 2022+5.3%+8.8%+24.9%
Q2 2022-1.0%-3.2%-9.1%
Q1 2022-13.8%-17.4%-10.9%
Q4 2021+11.6%+31.2%-3.1%
Q3 2021-32.6%-32.0%-44.2%
Q2 2021-7.4%-8.6%-10.7%
Q1 2021-9.5%-5.7%-13.7%
Q4 2020+15.0%+17.2%-10.7%
Q3 2020+18.5%+0.4%+7.0%
Q2 2020+13.0%+6.7%+18.8%
Q1 2020+22.0%+13.3%+36.6%
Q4 2019+21.7%+14.2%-48.0%
Q3 2019+11.7%+12.5%+22.1%
Q2 2019-15.0%-25.2%-36.5%
Q1 2019+3.3%+5.9%+33.5%
Q4 2018+27.1%+21.0%+2.5%
Q3 2018-25.9%-25.2%-8.5%
Q2 2018-13.9%-14.9%-17.2%
Q1 2018+4.3%+3.9%+17.7%
Q4 2017+1.3%+0.4%+23.9%
Q3 2017+0.5%-3.1%+0.8%
Q2 2017-8.2%-13.7%-18.2%
Q1 2017+11.7%+8.4%+14.5%
Q4 2016-5.7%-6.0%-3.8%
Q3 2016+5.2%+3.3%+1.5%
Q2 2016-4.2%-7.4%-11.0%
Q1 2016+11.9%
Q4 2015+6.1%
Q3 2015-2.8%
Q2 2015-5.3%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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