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WEX vs Zillow Group: WEX and ZG compared
WEX is the larger company: $780M of revenue in its latest quarter (Q3 2026) against $724M for Zillow Group (Q3 2026). WEX is growing faster (+13% against +7% a year earlier). WEX is more profitable, with an operating margin of 30.6% against -22.2%.
Where the money goes: WEX and ZG
WEX (WEX) · Q3 2026
WEX, Q3 2026: revenue $780M (+13% year over year), operating margin 30.6%, net earnings $134M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
Zillow Group (ZG) · Q3 2026
Zillow Group, Q3 2026: revenue $724M (+7% year over year), operating margin -22.2%, net loss $158M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| WEX (WEX) | Zillow Group (ZG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $780M | $724M |
| Revenue growth, Y/Y | +13% | +7% |
| Operating margin | 30.6% | -22.2% |
| Net earnings | $134M | −$158M |
| Net margin | 17.2% | -21.8% |
| Operating cash flow | −$11.2M | $162M |
| Free cash flow | — | $128M |
| Market value | $6.3B | $6.8B |
| P/E | 15.7× | — |
| Analysts’ mean target | $202.09 | $42.45 |
Where the revenue comes from
WEX
- Payment processing revenue: $345M (44%)
- Account servicing revenue: $187M (24%)
- Other revenue: $133M (17%)
- Finance fee revenue: $116M (15%)
Zillow Group
- Sales Revenue: $489M (68%)
- Rentals: $220M (30%)
- Other: $15.0M (2%)
Questions
Which is bigger, WEX or Zillow Group?
WEX is the larger company: $780M of revenue in its latest quarter (Q3 2026) against $724M for Zillow Group (Q3 2026).
Is WEX or Zillow Group growing faster?
WEX is growing faster (+13% against +7% a year earlier).
Which is more profitable, WEX or Zillow Group?
WEX is more profitable, with an operating margin of 30.6% against -22.2%.
More: WEX earnings · how WEX makes money · Zillow Group earnings · how Zillow Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.