Zillow Reports Q3 Revenue of $724 Million

Zillow Group posted 7% year-over-year revenue growth for the quarter ended September 30, 2026, despite a net loss.

Updated on Nov. 5, 2026 in Residential

Zillow Reports Q3 Revenue of $724 Million

Zillow Group reported consolidated financial results for the three months ended September 30, 2026, with revenue rising 7% year over year to $724 million. The company posted a net loss of $158 million for the quarter.

Why it matters

Revenue growth came despite a weaker-than-anticipated housing environment, with higher-than-expected mortgage rates pressuring transaction volume across the residential market. The results offer a view of how a major U.S. real estate platform is performing as home sales and financing conditions remain constrained.

Zillow's Q3 2026 revenue of $724 million rose 7% year over year, while Residential revenue fell 4% to $419 million as higher mortgage rates weighed on transactions. The filing does not provide forward guidance for upcoming quarters.

The players

Zillow Group

Zillow Group is a major U.S. online real estate marketplace company that operates home search, mortgage, and rental platforms.

The details

Zillow's For Sale revenue was flat year over year at $489 million, while purchase loan origination volume rose 55% to $2.0 billion. The company ended the quarter with $707 million in cash and investments and reported a $0.70 diluted net loss per share.

September 30, 2026: End of the third-quarter 2026 reporting period covered by the results.

Market Landscape

Zillow's Q3 results are reported alongside the $165 million Zillow Offers securities class action settlement, which the company excluded from its adjusted net income and Adjusted EBITDA. The settlement reflects the lingering financial impact of the company's earlier home-buying iBuying venture on its current reporting.

Higher mortgage rates continue to affect home-buying costs for prospective buyers, and Zillow's weaker residential transaction results reflect that pressure. Buyers and sellers should weigh current financing costs when planning a move.

The takeaway

Revenue growth alongside falling residential transaction volume suggests that mortgage-related and rental income streams can offset weakness in home sales. Readers tracking the housing market should watch purchase loan origination and mortgage-rate trends closely.