ZNasdaq,Nasdaq SEC EDGAR

ZILLOW GROUP, INC.

Services-Business Services, NEC·SEATTLE, WA·FY end 12/31·CIK 1617640

CEO Pay Ratio

39:1

Jeremy Wacksman

CEO Total Comp

$7.1M

Jeremy Wacksman

Median Employee

$184,769

Revenue

$2.6B

FY 2025

Net Income

$23.0M

FY 2025

Free Cash Flow

$235.0M

FY 2025

Net Margin

0.9%

Insider Net (180d)

-$3.1M

0 buys / 7 sales

CEO Pay Accountability

CEO comp as % of net income

31.04%

For every $1,000 of profit, $310.37 flows to the CEO.

CEO comp as % of buybacks

1.07%

CEO comp equals 10.7‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$2.6B	$2.2B	$1.9B	$2.0B	$8.1B
Gross Profit	$1.9B	$1.7B	$1.5B	$1.6B	$1.8B
Operating Income	-$34.0M	-$197.0M	-$270.0M	-$93.0M	-$327.7M
Net Income	$23.0M	-$112.0M	-$158.0M	-$101.0M	-$527.8M
Operating CF	$368.0M	$428.0M	$354.0M	$4.5B	-$3.2B
Capex	$133.0M	$143.0M	$135.0M	$115.0M	$73.3M
Free Cash Flow	$235.0M	$285.0M	$219.0M	$4.4B	-$3.2B
Buybacks	$670.0M	$301.0M	$424.0M	$947.0M	$302.3M
Dividends	—	—	—	—	—	—

Gross Margin	74.1%	76.4%	78.4%	81.3%	21.5%
Operating Margin	-1.3%	-8.8%	-13.9%	-4.7%	-4.0%
Net Margin	0.9%	-5.0%	-8.1%	-5.2%	-6.5%
FCF Margin	9.1%	12.7%	11.3%	224.2%	-39.9%
R&D / Revenue	23.5%	26.2%	28.8%	25.4%	5.8%
Effective Tax	8.0%	-4.7%	-2.6%	-3.5%	-0.2%
Debt / Equity	—	—	—	—	0.25	—
Buybacks / FCF	285.1%	105.6%	193.6%	21.6%	-9.3%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Jun ChooChief Operating Officer	$710.0K	$3.3M	$5.6M	—	$24.3K	$9.6M
Jeremy WacksmanChief Executive Officer	$850.3K	$4.0M	$2.2M	—	$32.0K	$7.1M
Richard N. BartonCo-founder and Co-Executive Chairman	$821.9K	—	$6.0M	—	$32.4K	$6.9M
Lloyd D. FrinkCo-founder, Co-Executive Chairman and President	$799.8K	—	$6.0M	—	$34.5K	$6.8M
Jeremy HofmannChief Financial Officer	$700.4K	$1.8M	$3.0M	—	$29.0K	$5.5M