Zillow Reports Q3 2026 Revenue Growth Driven by Rentals and Mortgage Services
Zillow (ZG) reported third-quarter 2026 total revenue of $724 million, demonstrating resilience despite a softening housing market. The company's growth is increasingly driven by high-margin services, specifically its rental marketplace and mortgage offerings. Rental revenue saw a significant 26% year-over-year increase to $220 million, supported by record advertising from multi-family property managers. Management is also successfully transitioning toward the 'Zillow Preferred' model, which generates 35% more revenue per connection than legacy advertising. Additionally, Zillow Home Loans saw a 55% growth in purchase mortgage originations during the quarter. By integrating financing and agent connections directly into their platform, Zillow aims to capture greater transaction value even as broader housing affordability pressures persist.
Tickers: $ZG
Topics: Mortgage Originations Real Estate Rental Market Revenue Growth