Zillow Group, Inc. Class C (Z) Earnings
Zillow Group, Inc. Class C is expected to report next earnings on October 29, 2026 (in NaN days), with a consensus EPS estimate of $0.58. Z has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +13.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 5, 2026 | $0.45 | $0.52 | +16.6% | $772M | +1.8% |
| May 6, 2026 | $0.43 | $0.53 | +23.3% | $708M | +0.4% |
| Oct 30, 2025 | $0.43 | $0.44 | +2.8% | $676M | +0.8% |
| May 7, 2025 | $0.37 | $0.41 | +10.9% | $598M | +1.5% |
| May 1, 2024 | $0.36 | $0.36 | +0.3% | $529M | +4.0% |
| Feb 13, 2024 | $0.12 | $0.20 | +66.7% | $474M | +4.9% |
| Nov 1, 2023 | $0.23 | $0.33 | +43.5% | $496M | +3.2% |
| Aug 2, 2023 | $0.18 | $0.39 | +116.7% | $506M | +10.1% |
| May 3, 2023 | $0.12 | $0.35 | +191.7% | $469M | +10.3% |
| Feb 15, 2023 | $0.07 | $0.21 | +200.0% | $435M | +4.9% |
| Nov 2, 2022 | $0.06 | $0.38 | +533.3% | $483M | +5.4% |
| Aug 4, 2022 | $0.33 | $0.47 | +42.4% | $1.0B | +2.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · August 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Core Strategic Positioning * Zillow holds a unique market position to serve consumers that consider both buying and renting housing options, as most home buyers begin as renters and many consumers choose long-term renting over home purchase * Management confirms no changes to the company's core overall strategy * The company prioritizes improving outcomes for all market participants: buyers, sellers, real estate agents, loan officers, and Zillow itself * Management notes the company is on track with its core operational and strategic initiatives * Product development delivery speed has increased, and management acknowledges there is still room for further improvement - Market & Business Opportunities * Management sees significant opportunities related to new brand entries from failed digital marketing competitors including ISR and firms backed by Cerberus * The company is working to capture existing renter users on its platform and convert them across business lines * Zillow notes housing affordability challenges remain a prominent factor in the current market - Operational Updates * Management states the company is moving faster with product shipping, and nearly all planned customer connections will be served as expected * Purchase loan conversion metrics were cited as 80% and 95% in fragmented, uncontextualized remarks
Guidance
- The company remains on track to hit its $1 billion incremental for sale revenue target, with 28.7% of the goal achieved after less than a full year of execution - Management expects recent revenue headroom to moderate over time * Management expects the current observed seasonality trend in Zillow Preferred revenue to reverse in the future * The company expects the current pace of growth acceleration to return to its regular rate
Segment performance
Only limited, fragmented financial data is available from the provided transcript. The for sale segment has reached $287 million in incremental revenue since the start of 2025, which represents 28.7% of the stated $1 billion incremental revenue target for this segment. No other absolute or percentage segment performance data is provided. The transcript references Zillow Preferred revenue but does not include specific financial metrics for the rentals segment or other business lines. The quarter ended with $734,000 in unspecified actions, with no context to tie this figure to segment performance.
Risks & headwinds
- Ongoing legal matters are referenced, but no specific details on the nature or scale of any active legal cases are provided - No other explicit operational, financial, or market risks are discussed in the available transcript.
Analyst Q&A
Q: Has Zillow made any changes to its core corporate strategy after recent management and market changes?
A: Management repeatedly confirmed that there is no change to the company's core existing strategy. The company stated it has come a long way and is moving in the right direction overall.
Q: What is Zillow's approach to its existing legacy business lines as it expands into new segments?
A: Management confirmed the company will continue to monetize its legacy business lines as it pursues new growth opportunities. It specifically highlighted mid-sized market participants as a key group to focus on for continued business.
Q: Could you confirm where the $30,000 referenced earlier fits into Zillow's financials or strategy?
A: Management did not provide a clear direct answer to this question, only noting that curated, useful listing tools are a core part of Zillow's current and future operating model. No further context for the $30,000 figure was provided.
Q: What is Zillow's strategic priority for the rentals business line?
A: Management confirmed Zillow is moving forward with investment and development of the rentals segment, aligned with its unique position to serve both renters and buyers in the current housing market.