Zillow Group, Inc.

Zillow Group, Inc.ZG

Communication Services · Internet Content & Information

33.18USD

-1.63%

Oct 28, 2026

ZG overview ready

Zillow Monetizes Residential Housing Turnover Through Digital Marketplaces

Zillow is a consumer-facing residential real-estate marketplace and transaction-services platform.

Narrative is still early

Exposed to the U.S. Residential Housing Turnover Normalization narrative through Digital Residential Transaction Marketplaces — pure play.

Price trend is broken

Longer-term context reads early recovery, with a near-term setup of reclaim attempt.

Fair valuation

The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Unremarkable fundamentals

Primary risk

Housing market downturn reducing transaction volume.

Market Oct 27Filing Jun 30Price action Aug 9Research Jul 20

Conviction Level

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input

Real-Estate Platforms is tracked (too few stocks) — no leadership reading

Price

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Price Action

Price trend is broken

Longer-term context reads early recovery, with a near-term setup of reclaim attempt.

EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap: $7.8B
Avg Volume (60D): 980.8K
Revenue Growth YoY: +15.5%
Gross Margin: +72.9%
Operating Margin: +0.4%
Free Cash Flow Yield: +3.3%
P/E: 141.1x

Market metrics as of Oct 27, 2026

Financial results for the period ended Jun 30, 2026

Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.

Zillow Group, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced. It trades at a 3.3% free-cash-flow yield, broadly in line with what the business currently supports.

Company Research

Thesis

Zillow is a consumer-facing residential real-estate marketplace and transaction-services platform. It monetizes buyer, seller and renter audience traffic through agent advertising and partner programs, rental listings and software, mortgage origination and referrals, and transaction workflow tools for real-estate professionals.

Opportunity

Moderate opportunity

Consumer real-estate discovery, agent lead generation, rental advertising, transaction workflow and mortgage-conversion platforms that monetize residential moving activity and real-estate professional marketing spend.

Key risk

Housing market downturn reducing transaction volume.

Economic classification

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Business & Markets

Communication Services · Internet Content & Information

What they do

Zillow Group operates an online real estate platform in the U.S. That connects consumers with real estate agents, loan officers, and digital tools across residential, mortgage, rental, and other related services.

How it earns

The company generates revenue primarily through advertising, subscription software services, and transactional referral fees.

Products & services

Residential real estate marketplace

Agent advertising and marketing solutions

Rental listings and software

Mortgage origination and referral platforms

Real estate transaction management tools

Customers & end markets

Home buyers and sellers

Real estate agents and brokers

Renters and landlords

Mortgage lenders and loan officers

Market position

Leader in U.S. Digital residential real estate marketplaces and transaction services.

Demand drivers

High cyclicality

Business is closely tied to residential housing market activity, which fluctuates with economic cycles and housing turnover rates.

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