v3.25.2
Debt (Tables)
6 Months Ended
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, 2025December 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):
LenderMaturity DateMaximum 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, 2025150 74 76 6.05 %
Bank of Montreal
February 26, 2026150 64 86 6.02 %
Bank of Nova Scotia
June 8, 2026100— 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 InterestAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt Issuance CostsInterest Expense
2026 Notes
$— $— $— $$$
2025 Notes— — 
2024 Notes
— — — — 
Total$$— $$$$
Six Months Ended
June 30, 2025
Six Months Ended
June 30, 2024
Contractual Coupon InterestAmortization of Debt Issuance CostsInterest ExpenseContractual Coupon InterestAmortization of Debt Issuance CostsInterest Expense
2026 Notes
$— $— $— $$$
2025 Notes
2024 Notes
— — — 
Total$$$$12 $$15