Quarterly ResultMay 6, 2026, 04:15 PM
Zillow Q1 Revenue +18% to $708M; Net Income $46M
AI Summary
Zillow Group reported strong first-quarter 2026 financial results, with total revenue increasing 18% year-over-year to $708 million, near the high end of its outlook. Net income significantly rose to $46 million, up from $8 million in the prior year, with diluted EPS at $0.19. The company highlighted strategic advancements in AI integration across its platform and strong growth in its Mortgages and Rentals segments. Zillow also repurchased $626 million in shares during the quarter.
Key Highlights
- Total revenue increased 18% year-over-year to $708 million in Q1 2026.
- Net income was $46 million, a significant increase from $8 million in Q1 2025.
- Diluted net income per share rose to $0.19, up from $0.03 in the prior year.
- Adjusted EBITDA grew to $182 million, with a 26% margin.
- Mortgages revenue surged 56% to $64 million, driven by a 96% increase in purchase loan origination volume to $1.5 billion.
- Rentals revenue increased 42% year-over-year to $183 million, with multifamily revenue up 57%.
- The company repurchased 13.5 million shares for $626 million during Q1.
- Net cash provided by operating activities increased 92% year-over-year to $200 million.