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Zillow Group vs Etsy: ZG and ETSY compared
Zillow Group is the larger company: $724M of revenue in its latest quarter (Q3 2026) against $692M for Etsy (Q3 2026). Etsy is growing faster (+11% against +7% a year earlier). Etsy is more profitable, with an operating margin of 16.1% against -22.2%.
Where the money goes: ZG and ETSY
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.
Etsy (ETSY) · Q3 2026
Etsy, Q3 2026: revenue $692M (+11% year over year), operating margin 16.1%, net earnings $854M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Zillow Group (ZG) | Etsy (ETSY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $724M | $692M |
| Revenue growth, Y/Y | +7% | +11% |
| Gross margin | — | 72.7% |
| Operating margin | -22.2% | 16.1% |
| Net earnings | −$158M | $854M |
| Net margin | -21.8% | 123.3% |
| Operating cash flow | $162M | $160M |
| Free cash flow | $128M | $158M |
| Market value | $6.8B | $10.5B |
| P/E | — | 10.5× |
| Analysts’ mean target | $42.45 | $98.48 |
Where the revenue comes from
Zillow Group
- Sales Revenue: $489M (68%)
- Rentals: $220M (30%)
- Other: $15.0M (2%)
Etsy
- Marketplace revenue: $468M (68%)
- Services revenue: $224M (32%)
Questions
Which is bigger, Zillow Group or Etsy?
Zillow Group is the larger company: $724M of revenue in its latest quarter (Q3 2026) against $692M for Etsy (Q3 2026).
Is Zillow Group or Etsy growing faster?
Etsy is growing faster (+11% against +7% a year earlier).
Which is more profitable, Zillow Group or Etsy?
Etsy is more profitable, with an operating margin of 16.1% against -22.2%.
More: Zillow Group earnings · how Zillow Group makes money · Etsy earnings · how Etsy makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.