Zillow-C

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue of $772M exceeded the $758.4M expected (+1.80%), while GAAP EPS of -$0.02 was significantly better than the -$0.09 mean estimate. The performance was driven by a 75% YoY surge in Mortgage revenue and a 31% YoY increase in Rentals, despite flat total visits. Management announced a 7% headcount reduction to optimize the cost structure, expecting $59M–$64M in restructuring costs through Q3 FY26.