Filing Flows › Zillow Group (ZG) › How it makes money
How Zillow Group (ZG) makes money
Zillow Group (ZG) made $724M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Sales Revenue brought in $489M (68%); Rentals brought in $220M (30%); Other brought in $15.0M (2%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Sales Revenue | $489M | 67.5% | -11% | +0.2% |
| ↳ Residential | $419M | 57.9% | -10% | -4% |
| ↳ Mortgages | $70.0M | 9.7% | -17% | +32% |
| Rentals | $220M | 30.4% | +5% | +26% |
| Other | $15.0M | 2.1% | +7% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $724M | 100.0% |
| Income tax | $3.0M | 0.4% |
| Operating cash flow | $162M | 22.4% |
| Free cash flow | $128M | 17.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $724M | +7% |
| Q2 2026 | $772M | +18% |
| Q1 2026 | $708M | +18% |
| Q4 2025 | $654M | +18% |
| Q3 2025 | $676M | +16% |
| Q2 2025 | $655M | +14% |
| Q1 2025 | $598M | +13% |
From Zillow Group's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Zillow Group make money?
Zillow Group (ZG) made $724M of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Sales Revenue brought in $489M (68%); Rentals brought in $220M (30%); Other brought in $15.0M (2%).
What is Zillow Group's biggest business?
Sales Revenue: $489M in the third quarter 2026, 68% of revenue, +0.2% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.