Zillow Group authorizes additional $1.25 billion share repurchase program

Zillow Group Inc. (NASDAQ: Z and ZG) announced that its 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, according to a company statement.

As of March 4, 2026, after the increased authorization, Zillow Group has approximately $1.3 billion remaining capacity for future share repurchases.

From January 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, subject to market conditions, share price, trading volume, cash needs and other business factors. 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.

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