Zillow Group Board of Directors authorizes additional $1.25 billion share repurchase, signaling long-term confidence

Rhea-AI Summary

Zillow Group (Nasdaq: Z) authorized an additional $1.25 billion for share repurchases on March 5, 2026, raising its remaining buyback capacity to approximately $1.3 billion as of March 4, 2026. From Jan. 1–Mar. 4, 2026 the company repurchased 3.8M Class A shares at a weighted average of $47.84 and 9.7M Class C shares at $45.92, totaling $626 million.

Since 2021, Zillow has repurchased about $3.3 billion (≈66.7M shares) at a weighted average of $49 per share and repurchased $146 million principal amount of convertible senior notes. Management said repurchases reflect confidence in strategy while remaining subject to market conditions and legal requirements.

Positive

• $1.25B additional buyback authorization (March 5, 2026)
• Approximately $1.3B remaining repurchase capacity (as of March 4, 2026)
• Repurchased $626M in stock Jan 1–Mar 4, 2026 (13.5M shares)
• Cumulative repurchases since 2021: $3.3B (66.7M shares)

Negative

• Share repurchase program is non‑binding and may be suspended or discontinued
• Repurchases are subject to market conditions, cash needs, and legal requirements

SEATTLE, March 5, 2026 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today provided an update on the Company's share repurchase program:

The Zillow Group Board of Directors has authorized the repurchase of up to an additional $1.25 billion in aggregate of its Class A common stock or Class C capital stock. As of March 4, 2026, after giving effect to the increased authorization, Zillow Group has approximately $1.3 billion remaining capacity for future share repurchases.

From Jan. 1, 2026, through March 4, 2026, Zillow Group repurchased 3.8 million shares of Class A common stock at a weighted average price of $47.84 per share and 9.7 million shares of Class C capital stock at a weighted average price of $45.92 per share, for a total purchase price of $626 million.

"Our recent share repurchases and today's authorization reflect our continued confidence in our strategy, financial strength and long-term opportunity to drive sustainable profitable growth over time," said Zillow Group Chief Financial Officer Jeremy Hofmann. "We believe this is an opportune time to leverage our strong cash position to return capital to shareholders while continuing to invest in growing our housing super app."

Since 2021, Zillow Group has repurchased a total of approximately $3.3 billion of stock at a weighted average price of $49 per share, for a total of 66.7 million shares, and $146 million aggregate principal amount of convertible senior notes under its repurchase authorizations.

The company may purchase shares from time to time in the open market or through privately negotiated transactions, or in such other manner as deemed appropriate by management, subject to market conditions, share price, trading volume, cash needs and other business factors, and in accordance with applicable securities laws and other legal requirements. The share repurchase program does not obligate the company to acquire any specific dollar amount or number of shares and may be suspended or discontinued at any time.

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements relating to Zillow Group's share repurchase program. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including those discussed in the "Risk Factors" section of Zillow Group's most recent Annual Report on Form 10-K and in Zillow Group's other filings with the SEC. The forward-looking statements contained in this press release speak only as of the date hereof, and Zillow Group specifically disclaims any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.

About Zillow Group: 

Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people. 

As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more. 

Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.

Zillow Group's affiliates, subsidiaries and brands include Zillow^®, Zillow Premier Agent^®, Zillow Home Loans^®, Zillow Rentals^®, Zillow^® New Construction, Trulia^®, StreetEasy^®, Out East^®, HotPads^®, Follow Up Boss^®, ShowingTime^®, dotloop^® and Zillow^® Closing.

All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). © 2026 MFTB Holdco, Inc., a Zillow affiliate.

(ZFIN)

 

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SOURCE Zillow Group, Inc.

FAQ

What did Zillow (Z) announce about its March 5, 2026 share repurchase?

Zillow authorized an additional $1.25 billion for share repurchases. According to the company, this increases remaining buyback capacity to approximately $1.3 billion as of March 4, 2026.

How much stock did Zillow (Z) repurchase from Jan. 1 to Mar. 4, 2026?

Zillow repurchased stock totaling $626 million during that period. According to the company, purchases were 3.8M Class A shares at $47.84 and 9.7M Class C shares at $45.92.

What is Zillow's (Z) historical repurchase activity since 2021?

Since 2021 Zillow repurchased about $3.3 billion worth of stock. According to the company, that equals roughly 66.7 million shares at a weighted average price of $49.

Will Zillow's (Z) new authorization obligate future purchases?

No, the repurchase program does not obligate future buys and can be suspended. According to the company, purchases depend on market conditions, share price, cash needs, and legal requirements.

How might the $1.25 billion buyback authorization affect Zillow's (Z) capital returns?

The authorization increases the company’s capacity to return capital to shareholders. According to the company, it reflects confidence in strategy while preserving flexibility for investments and operations.

Did Zillow (Z) repurchase any convertible notes under prior authorizations?

Yes, Zillow repurchased convertible senior notes under prior authorizations. According to the company, the aggregate principal amount repurchased totaled $146 million since 2021.