Description
Zillow Group Is Not Just A Housing Portal Anymore — Mortgages Surge 75%!
Zillow Group reported its second quarter 2026 financial results, demonstrating continued revenue growth and strategic execution amid a challenging broader housing market. The company posted total revenue of $772 million, an 18% increase year-over-year, exceeding its outlook range. EBITDA stood at $176 million, yielding a 23% margin, also above expectations. Adjusted net income reached $118 million, up from $89 million a year earlier, with diluted adjusted net income per share at $0.52 compared to $0.40 last year. Despite a net loss of $4 million driven by non-operational items, free cash flow increased 19% year-to-date to $223 million. Zillow’s For Sale segment generated $549 million in revenue, up 14%, buoyed by 7% growth in residential revenue and a 75% surge in mortgages revenue. The mortgages growth was driven by a 95% year-over-year increase in purchase loan origination volume.
