Company / Gross Margin
ZILLOW GROUP, INC. Gross Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
74.1%
FY2025
5-year range
74.1% / 84.9%
FY2021-FY2025
Trend
-3.0%
vs FY2024
Sector context
#5 of 179
Industrials
What the data says
Among 179 Industrials companies, ZILLOW GROUP, INC. is in the top 3% for gross margin. Gross Margin has declined for 4 consecutive years, from 84.9% in FY2021 to 74.1% in FY2025.
Based on SEC 10-K filings.
74.1% in FY2025 with a 5-year CAGR of -10.2%. Top quartile in the Industrials sector.
Declined from 78.3% to 74.1% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -7.1pp
- 5-Year Change
- -10.2pp
- 10-Year Change
- -
Sector benchmark
Top 3% in IndustrialsTop 3% of 179This company 74.1% Sector average 28.7%
▼
+158.1% above sector average
Key checks
Key Insights
- ZILLOW GROUP, INC.'s gross margin has declined for 4 consecutive years.
- In FY2025, gross margin decreased 3.0% year-over-year.
- Currently 45.4pp above the Industrials sector average.
- Peak gross margin was recorded in FY2021.
Company context
Key Data Points
- Negative profit margin: -5.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 74.1% | -3.0% |
| FY2024 | 76.4% | -2.5% |
| FY2023 | 78.3% | -3.6% |
| FY2022 | 81.3% | -4.2% |
| FY2021 | 84.9% | +0.7% |
| FY2020 | 84.3% | +92.9% |
| FY2019 | 43.7% | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026