Zillow Q1 Revenue Surges 18% to $708M, Posts $46M Net Income, Repurchases $626M in Shares
Summary
Zillow Group announced robust first-quarter 2026 results, with revenue increasing 18% year-over-year to $708 million and net income reaching $46 million. The company also reported diluted adjusted net income per share of $0.53. Key growth drivers included a 56% surge in Mortgages revenue and a 42% expansion in Rentals revenue, indicating strong performance across its core segments. Furthermore, Zillow demonstrated a commitment to shareholder returns by repurchasing 13.5 million shares for $626 million during the quarter. These positive financial and operational highlights are likely to be viewed favorably by investors, especially given the stock's proximity to its 52-week low.
At the time of this announcement, Z was trading at $40.96 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $39.05 to $93.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.