Zillow Group, Inc. Class C (Z) Stock

Zillow Group, Inc. Class C (Z) is a Technology stock trading at $30.77 (as of 2026-07-24), with a market capitalization of $7.37B and a trailing P/E of 120.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Zillow Group, Inc. operates real estate–related digital products through mobile apps and websites in the United States, with brands spanning home search and related services. The company’s business is organized into Homes, Internet, Media & Technology, and Mortgages segments, serving home buyers and sellers, agents, and mortgage customers.

Understand Zillow Group, Inc. Class C: how it makes money

Zillow Group runs digital real estate brands, including home listings and marketplaces, agent and rentals services, advertising and software tools (like dotloop), plus home buying and selling related services and mortgage offerings, and it makes money through these segment activities tied to real estate transactions and related services.

Zillow’s profit model is a mix of transaction-driven revenue from Homes (resale and related title and escrow services) and Mortgages (home loan origination), plus a second stream from IMT (agent, rentals, new construction marketplaces, advertising, and dotloop), so performance depends on both housing turnover and monetization of marketplace and media demand.

Revenue by segment (latest quarter)
Homes$0.5B
IMT$0.1B
Mortgages$0.1B

Business quality (Mixed): Clear official segment framework (Homes, IMT, Mortgages). Homes and Mortgages segment revenues are provided, and IMT revenue is set as the implied remainder to align with the reported total revenue (0.7B).

Valuation: Trades at 145× trailing earnings · $9B market cap.

Bull case

  • Diversified real estate monetization across three segments: Homes covers resale and closing-related services (title and escrow). IMT covers marketplaces and monetization (agent services, rentals, new construction marketplaces, advertising, and dotloop). Mortgages adds loan origination.
  • Solid profitability profile in the latest quarter: Latest quarter gross margin is 73.3% and operating margin is 5.1%.

Bear case

  • Cyclical exposure to real estate activity: Because Homes and Mortgages are tied to resale and home loan origination, weaker housing transaction volumes or less mortgage demand can pressure results.
  • IMT monetization may be sensitive to marketplace and advertising demand: IMT includes agent and rental marketplaces, advertising, and dotloop. If demand from agents and advertisers softens, the IMT portion of the business may underperform.
Valuation — source: SEC EDGAR (first-party)
Price$30.77
Market Cap$7.37B
P/E Ratio120.9
EV / EBITDA24.3
Price / Book1.67
Price / Sales2.74
FCF Yield4.5%
DCF Value (model)$2.07
DCF Upside vs Price-93.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.58B
Net Margin0.9%
Revenue Growth (YoY)18.4%
EPS Growth (YoY)533.3%
FCF Growth (YoY)144.1%
Financial Health — source: SEC EDGAR
Altman Z-Score6.14 (safe)
Valuation vs Sector & Industry
Stock P/E120.9
Sector P/E (Technology)34.6
Industry P/E (Business Services)29.7
vs Sector249.5%
vs Industry306.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)83
Top Institutional HolderVANGUARD GROUP INC ($1.54B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOJeremy Wacksman
Employees6,819
CountryUS
IPO Date2015-08-03

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Z earnings history · Z institutional & insider holders · Z KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.