By Shaina Mishkin

Zillow Group will buy back up to $1.25 billion of Class C and A shares, the company said Thursday. The plan reflects its "continued confidence" in Zillow's future following a rocky start to the year for the stock.

The housing services company repurchased $626 million of Zillow class A and C shares from Jan. 1 through March 4, Zillow noted in a release.

The company's Class C stock was up 4.4% in morning trading to $47.85 following the announcement. If that gain holds, it would be the highest close since Feb. 10, according to Dow Jones Market Data, immediately before the company reported its full-year earnings.

Zillow in February reported its first year of profitability under generally accepted accounting principles, or GAAP, in over a decade. But a multitude of headwinds, including a still-soft housing market, ongoing legal challenges, and concerns about technological disruption, have weighed on the stock. The company's Class C shares are down 30.1% this year, according to Dow Jones Market Data.

"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," Jeremy Hofmann, the company's chief financial officer, said in the release. "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."

Write to Shaina Mishkin at shaina.mishkin@dowjones.com

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March 05, 2026 10:10 ET (15:10 GMT)

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