Want to see Z full AI Analyst Report?
Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas are driving growth and where the company may need to focus strategic efforts.
Zillow’s reporting shift (Homes/IMT dropping out as Residential and Rentals appear) masks a clear strategic pivot: growth is now concentrated in Rentals and Mortgages while Residential/For‑Sale has stabilized at mid‑single digits. Rentals are the fastest, high‑leverage growth engine; mortgages show accelerating purchase origination momentum. Management is leaning into these higher‑growth, higher‑margin channels even while accepting near‑term EBITDA pressure from legal costs and increased ad/variable spend, expecting margin improvement in H2.
Z Revenue by Segment
| Date | Other | Homes | Internet, Media, and Technology | Mortgages | Residential | Rentals |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | $14.00M | $0.00 | $0.00 | $84.00M | $465.00M | $209.00M |
| Mar 31, 2026 | $11.00M | $0.00 | $0.00 | $64.00M | $450.00M | $183.00M |
| Dec 31, 2025 | $11.00M | $0.00 | $0.00 | $57.00M | $418.00M | $168.00M |
| Sep 30, 2025 | $14.00M | $0.00 | $0.00 | $53.00M | $435.00M | $174.00M |
| Jun 30, 2025 | $14.00M | $0.00 | $0.00 | $48.00M | $434.00M | $159.00M |
| Mar 31, 2025 | $11.00M | $0.00 | $0.00 | $41.00M | $417.00M | $129.00M |
| Dec 31, 2024 | $10.00M | $0.00 | $0.00 | $41.00M | $387.00M | $116.00M |
| Sep 30, 2024 | $14.00M | $0.00 | $0.00 | $39.00M | $405.00M | $123.00M |
| Jun 30, 2024 | $12.00M | $0.00 | $0.00 | $34.00M | $409.00M | $117.00M |
| Mar 31, 2024 | $8.00M | $0.00 | $0.00 | $31.00M | $393.00M | $97.00M |
| Dec 31, 2023 | $10.00M | $0.00 | $0.00 | $22.00M | $349.00M | $93.00M |
| Sep 30, 2023 | $11.00M | $0.00 | $0.00 | $24.00M | $362.00M | $99.00M |
| Jun 30, 2023 | $11.00M | $0.00 | $0.00 | $24.00M | $380.00M | $91.00M |
| Mar 31, 2023 | $8.00M | $0.00 | $0.00 | $26.00M | $361.00M | $74.00M |
| Dec 31, 2022 | $0.00 | $0.00 | $417.00M | $18.00M | $0.00 | $0.00 |
| Sep 30, 2022 | $0.00 | $0.00 | $457.00M | $26.00M | $0.00 | $0.00 |
| Jun 30, 2022 | $0.00 | $505.00M | $475.00M | $29.00M | $0.00 | $0.00 |
| Mar 31, 2022 | $0.00 | $3.72B | $490.00M | $46.00M | $0.00 | $0.00 |
| Dec 31, 2021 | $0.00 | $3.35B | $483.17M | $50.82M | $0.00 | $0.00 |
| Sep 30, 2021 | $0.00 | $1.19B | $480.19M | $70.29M | $0.00 | $0.00 |
| Jun 30, 2021 | $0.00 | $777.14M | $476.09M | $56.74M | $0.00 | $0.00 |
| Mar 31, 2021 | $0.00 | $704.15M | $446.33M | $67.96M | $0.00 | $0.00 |
| Dec 31, 2020 | $0.00 | $304.14M | $423.84M | $60.97M | $0.00 | $0.00 |
| Sep 30, 2020 | $0.00 | $187.10M | $415.39M | $54.20M | $0.00 | $0.00 |
| Jun 30, 2020 | $0.00 | $454.25M | $280.34M | $33.76M | $0.00 | $0.00 |
| Mar 31, 2020 | $0.00 | $769.87M | $330.67M | $25.28M | $0.00 | $0.00 |
| Dec 31, 2019 | $0.00 | $603.23M | $319.67M | $21.05M | $0.00 | $0.00 |
| Sep 30, 2019 | $0.00 | $384.63M | $335.29M | $25.29M | $0.00 | $0.00 |
| Jun 30, 2019 | $0.00 | $248.92M | $323.67M | $26.98M | $0.00 | $0.00 |
| Mar 31, 2019 | $0.00 | $128.47M | $298.27M | $27.36M | $0.00 | $0.00 |
| Dec 31, 2018 | $0.00 | $41.35M | $300.71M | $23.28M | $0.00 | $0.00 |
| Sep 30, 2018 | $0.00 | $11.02M | $313.64M | $18.44M | $0.00 | $0.00 |
| Jun 30, 2018 | $0.00 | $0.00 | $305.90M | $19.30M | $0.00 | $0.00 |
| Mar 31, 2018 | $0.00 | $0.00 | $280.90M | $19.00M | $0.00 | $0.00 |
