Zillow Group, Inc. Class A (ZG)

Zillow beat expectations on both the top and bottom line in the second fiscal quarter of 2026, based on preliminary results reported August 5, 2026, with adjusted EPS of $0.52 topping the $0.44 estimate (+18.2%) and revenue of $772.0 million topping the $758.2 million estimate (+1.8%). Revenue rose ~18% to about $772.0 million from roughly $655.0 million a year ago, while adjusted EPS rose ~30% to $0.52 from $0.40. Profitability stayed high at the gross line, with gross profit of about $562.0 million translating to a gross margin of roughly 73%, but operating results were slightly negative, with operating income of around -$10.0 million and operating margin at about -1%. The quarter generated operating cash flow of roughly $13.0 million, and the company repurchased about $200.0 million of stock. For the next period, consensus calls for EPS of $0.58 on revenue of $754.7 million.