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Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Carrying Value of Debt | The following table presents the carrying values of Zillow Group’s debt as of the dates presented (in millions):
| June 30, 2025 |  | December 31, 2024
Master repurchase agreements: |  |  |
JPMorgan Chase Bank, N.A. | $ | 92 |  |  | $ | 72 |
UBS AG | 74 |  |  | 73 |
Bank of Montreal(1) | 64 |  |  | — |
Total master repurchase agreements | 230 |  |  | 145 |
2025 Notes | — |  |  | 418 |
Total debt | $ | 230 |  |  | $ | 563 |
(1)Agreement was entered into on February 27, 2025.
Schedule of Revolving Credit Facilities and Lines of Credit | The following table summarizes certain details related to our outstanding master repurchase agreements as of June 30, 2025 (in millions, except interest rates):
Lender |  | Maturity Date |  | Maximum Borrowing Capacity |  | Borrowings Outstanding |  | Available Borrowing Capacity(1) |  | Weighted-Average Interest Rate
JPMorgan Chase Bank, N.A. |  | April 28, 2026 |  | $ | 200 |  |  | $ | 92 |  |  | $ | 108 |  |  | 6.05 | %
UBS AG |  | September 5, 2025 |  | 150 |  |  | 74 |  |  | 76 |  |  | 6.05 | %
Bank of Montreal |  | February 26, 2026 |  | 150 |  |  | 64 |  |  | 86 |  |  | 6.02 | %
Bank of Nova Scotia |  | June 8, 2026 |  | 100 |  | — |  |  | 100 |  |  | — | %
|  | Total |  | $ | 600 |  |  | $ | 230 |  |  | $ | 370 |  |  |
(1) Available borrowing capacity under our master repurchase agreements is primarily uncommitted.
Schedule of Convertible Senior Notes | The following tables summarize the interest expense related to our convertible senior notes for the periods ended (in millions, except interest rates):
|  | Three Months Ended June 30, 2025 |  | Three Months Ended June 30, 2024
|  | Contractual Coupon Interest |  | Amortization of Debt Issuance Costs |  | Interest Expense |  | Contractual Coupon Interest |  | Amortization of Debt Issuance Costs |  | Interest Expense
2026 Notes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
2025 Notes |  | 1 |  |  | — |  |  | 1 |  |  | 3 |  |  | — |  |  | 3 |
2024 Notes |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Total |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 7 |
|  | Six Months Ended June 30, 2025 |  | Six Months Ended June 30, 2024
|  | Contractual Coupon Interest |  | Amortization of Debt Issuance Costs |  | Interest Expense |  | Contractual Coupon Interest |  | Amortization of Debt Issuance Costs |  | Interest Expense
2026 Notes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | 4 |
2025 Notes |  | 4 |  |  | 1 |  |  | 5 |  |  | 6 |  |  | 1 |  |  | 7 |
2024 Notes |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 1 |  |  | 4 |
Total |  | $ | 4 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 12 |  |  | $ | 3 |  |  | $ | 15 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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