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Ziff Davis, Inc. (ZD)

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Ziff Davis, Inc. (ZD) reported revenue of $287 million for Q2 FY2026, the quarter ended 30 June 2026, down 18.6% on the same quarter a year earlier. Net income was $624 million, up 2270.5% on the year, and diluted earnings per share $17.16. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$287 milliondown 18.6%
Net income$624 millionup 2270.5%
Diluted EPS$17.16
QuarterQ2 FY2026ended 30 June 2026

Ziff Davis (ZD) in brief

Ziff Davis (ZD) reported revenue of $1.5 billion for fiscal 2025, the year ended 31 December 2025, up 3.5% on the year before.
Read moreNet income was $47 million and diluted earnings per share $1.15. Revenue was $1.4 billion in fiscal 2024, $1.4 billion in fiscal 2023, $1.4 billion in fiscal 2022 and $1.4 billion in fiscal 2021. Net income in the same years was $63 million, $42 million, $64 million and $497 million. Over the twelve months to 30 June 2026, Ziff Davis reported revenue of $1.3 billion and net income of $643 million. Revenue grew 4.6% a year, compounded, over the five years to fiscal 2025. Ziff Davis had 35 million shares outstanding at the latest filed count. At 30 June 2026 it carried $868 million of debt and $1.6 billion of cash. At the close of 9 October 2026 the market cap of Ziff Davis was $2.0 billion, 3.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE28.8%
ROCE2.3%
Operating margin5.5%
Net margin48.6%
FCF margin23.9%
Interest covern/a
Debt to equity0.39
Cash conversion0.70
Share count, 1 year-15.1%
Sales CAGR, 3 years1.4%
Profit CAGR, 3 years-9.4%
EPS, TTM$17.67

At the close of 9 October 2026

Price$56.51
Market cap$2.0 billion
Stock P/E3.20
Price to book0.88
EV / EBITDA4.35
Dividend yield0.0%
Market cap / sales1.49
52-week high$59.21
52-week low$26.51
Price, 1 year48.7%
Price CAGR, 3 years-3.8%
Price CAGR, 5 years-13.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Ziff Davis, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
ZDgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ZD

Filings19 in twelve months: 13 current reports (8-K), about 9 regulation FD disclosure; 4 results of operations; 2 material agreement; 1 acquisition or disposition completed; 1 shareholder vote
Planned insider sales9 Form 144 notices in twelve months, $2.1 million; latest 18 August 2026
Options tapeput/call 0.2 by open interest at the 9 October 2026 close; the straddle prices a 9.7% move to 16 October 2026
13F holders5 of the followed funds hold it; largest Geode Capital Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading10 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.9 million shares short, 5.95 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue341390314321354413329352364407268287
Cost of revenue55.548.645.950.051.253.247.249.053.257.344.345.7
Gross profit285341269271302360281303311349223241
Gross margin84%88%85%84%86%87%86%86%85%86%83%84%
R&D17.615.517.816.815.317.515.916.515.414.213.614.4
Operating income-13.380.735.928.6-29.378.535.133.528.486.02.9-44.7
Operating margin-4%21%11%9%-8%19%11%10%8%21%1%-16%
Pre-tax income-25.776.019.535.1-36.074.626.225.59.119.9-3.3-51.1
Tax raten/a17%42%20%n/a18%33%17%140%-1%n/an/a
Net income-31.063.410.636.9-48.664.124.226.3-3.60.422.3624
Net margin-9%16%3%12%-14%16%7%7%-1%0%8%218%
Diluted EPS-$0.67$1.36$0.23$0.77-$1.11$1.43$0.56$0.62-$0.09$0.01$0.59$17.16
Operating cash flow72.892.175.650.610615820.657.113819130.089.0
Capital expenditure27.226.328.125.525.827.225.630.130.133.333.135.0
Free cash flow45.665.947.425.180.1131-5.026.9108158-3.254.0
Buybacks44.71.23.984.096.11.234.933.944.460.651.6121
Shares outstanding46m46m46m45m43m43m42m41m40m38m37m35m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue5997218741,1181,2071,0501,1591,4171,3911,3641,4021,4511,325
Cost of revenuen/an/a147172201187178188185186200207200
Gross profit4935987279461,0068639801,2291,2061,1781,2011,2451,124
Gross margin82.3%82.9%83.2%84.6%83.3%82.2%84.6%86.7%86.7%86.4%85.7%85.8%84.9%
Research and development30.734.338.046.048.444.757.178.974.168.967.462.057.6
Operating income18619924324624488.213816719913311418372.7
Operating margin31.1%27.7%27.7%22.0%20.2%8.4%11.9%11.8%14.3%9.7%8.1%12.6%5.5%
Interest expense32.543.642.759.263.526.158.179.637.141.635.337.6n/a
Pre-tax income15515721120017854.878.335113175.093.280.7-25.3
Income tax29.823.359.060.544.813.838.4-14.258.024.141.425.416.2
Effective tax rate19.2%14.8%27.9%30.3%25.2%25.1%48.9%-4.0%44.2%32.2%44.4%31.5%n/a
Net income12413415213912921915149763.841.563.047.4643
Net margin20.8%18.5%17.4%12.5%10.7%20.8%13.0%35.1%4.6%3.0%4.5%3.3%48.6%
Diluted EPS$2.58$2.73$3.13$2.83$2.59$4.39$3.18$10.37$1.36$0.89$1.42$1.15$17.67
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Health & Wellness36236240227.7%
Technology & Shopping33136235724.6%
Cybersecurity & Martech29128427819.2%
Connectivity21221423115.9%
Gaming & Entertainment16918018412.6%
Health & WellnessTechnology & ShoppingCybersecurity & MartechConnectivityGaming & Entertainment
1,364FY20231,402FY20241,451FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,1381,1661,21984.0%
All other countries22623623216.0%
United StatesAll other countries
1,364FY20231,402FY20241,451FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow177229282264401413480517336320390407448
Capital expenditure11.817.324.739.656.470.692.6114106109107119132
Free cash flow165212258225345342388403230211284288317
Free cash flow margin27.6%29.4%29.5%20.1%28.6%32.6%33.4%28.4%16.6%15.5%20.2%19.8%23.9%
Cash from investing-275-336-449-158-407-505-58659.1-221-127-297-146984
Cash from financing328-67.441.1112-131457-235-113-141-115-321-170-277
Depreciation and amortisation63.093.2122162187232229258233237212229212
Share-based compensation8.911.813.722.728.123.924.025.226.631.940.944.945.9
Buybacks5.73.756.59.847.120.827678.378.3109185174278
Dividends paid52.358.865.873.582.643.90.00.0n/an/an/an/an/a
Dividend per share$1.10$1.22$1.36$1.52$1.68$0.90$0.00$0.00n/an/an/an/an/a
Diluted shares, weighted47m48m48m49m49m49m47m48m47m46m45m41m36m
Shares outstanding at period end47m48m47m48m47m48m44m47m47m46m43m38m35m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020 †FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity8208909151,0201,0361,3111,2111,9681,8931,8931,8111,7542,237
Non-controlling interest0.00.0n/an/an/an/an/an/an/an/an/an/an/a
Debt5935926021,0021,0131,4481,5791,0919991,001864866868
Operating lease liabilitiesn/an/an/an/a0.010473.653.734.016.621.817.8n/a
Other liabilities2923015464315126428026586085601,0071,025893
Total liabilities and equity1,7051,7842,0622,4532,5613,5063,6653,7703,5333,4713,7043,6633,998
Owned
Fixed assets38.257.468.179.898.8128132161178188197213171
Goodwill6368081,1231,1971,3801,3131,5251,5311,5911,5461,5801,6081,291
Intangible assets279320479453495525697573463325426338294
Investments1571580.157.783.810098.235218616815893.299.9
Cash and equivalents4342561243512095761766956537385066071,606
Receivables91.7115200234222262310316305338660667419
Other assets70.270.468.780.971.9602728142157168177137117
Total assets1,7051,7842,0622,4532,5613,5063,6653,7703,5333,4713,7043,6633,998
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded7.2%4.6%1.4%-8.5%
Profit growth, compounded-9.9%-20.7%-9.4%873.6%
Return on equity, average10.9%7.4%2.8%2.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Ziff Davis' revenue in fiscal 2025?

Ziff Davis (ZD) reported revenue of $1.5 billion for fiscal 2025, the year ended 31 December 2025, up 3.5% on the year before.

How much did Ziff Davis earn in fiscal 2025?

Net income was $47 million for fiscal 2025, and diluted earnings per share $1.15.

What is Ziff Davis' P/E ratio?

At the close of 9 October 2026, Ziff Davis traded at 3.2 times its earnings over the twelve months to 30 June 2026.

What is Ziff Davis' market cap?

The market cap of Ziff Davis was $2.0 billion at the close of 9 October 2026.

How much debt does Ziff Davis have?

At 30 June 2026 Ziff Davis carried $868 million of debt and $1.6 billion of cash.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Lumen Technologies, Inc. LUMN$5.4 billionn/an/a1.7%-7.7%n/a0.0%
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Uniti Group Inc. UNIT$1.6 billion2.54666.9%3.2%n/a65.860.0%
Shenandoah Telecommunications Co. SHEN$576 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
All 26 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$173.0 billion10.8515.4%20.5%1.4%1.366.6%
T-Mobile US, Inc. TMUS$159.7 billion15.5618.8%19.8%9.7%1.502.6%
AT&T Inc. T$151.9 billion7.3417.1%20.1%2.6%1.065.0%
Spotify Technology S.A. SPOT *$108.9 billion44.7226.6%12.8%9.7%0.18n/a
Warner Bros. Discovery, Inc. WBD$77.6 billionn/a-9.6%-3.5%-6.1%0.98n/a
Comcast Corp. CMCSA$73.7 billion6.6812.5%14.7%0.6%0.946.4%
Vodafone Group Public Limited Company VOD *$35.9 billionn/a-0.8%7.0%8.0%1.043.5%
Chunghwa Telecom Co. Ltd. CHT *$35.7 billion29.5610.1%20.6%2.7%0.073.5%
EchoStar Corp. ECHO$33.4 billionn/a-40.1%-112.7%-5.2%1.13n/a
Fox Corp. FOXA$27.4 billion16.2614.5%n/a5.1%0.57n/a
Fox Corp. FOX$24.5 billion14.5614.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$22.6 billion65.3212.6%5.2%18.5%0.00n/a
Tencent Music Entertainment Group TME *$13.2 billionn/a13.8%40.6%15.8%0.042.1%
Charter Communications, Inc. CHTR$12.5 billion2.6829.0%23.3%-1.5%5.54n/a
Viasat Inc. VSAT$9.9 billionn/a-0.6%2.4%1.3%1.25n/a
Lumen Technologies, Inc. LUMN$5.4 billionn/an/a1.7%-7.7%n/a0.0%
Iridium Communications Inc. IRDM$5.0 billion53.9519.7%23.8%3.1%3.731.3%
Nexstar Media Group, Inc. NXST$5.0 billion30.968.3%17.8%10.5%5.184.6%
Versant Media Group, Inc. VSNT$4.3 billion3.7714.4%25.5%n/a0.36n/a
Telephone & Data Systems Inc. TDS$3.9 billionn/an/an/an/a0.130.5%
Adeia Inc. ADEA$2.6 billion22.1325.7%41.6%24.3%0.810.8%
Calix, Inc. CALX$2.3 billion50.317.2%5.5%27.8%0.000.0%
Ziff Davis, Inc. ZD$2.0 billion3.2028.8%5.5%-8.5%0.390.0%
Uniti Group Inc. UNIT$1.6 billion2.54666.9%3.2%n/a65.860.0%
Shenandoah Telecommunications Co. SHEN$576 millionn/a-4.6%-5.3%5.0%0.851.1%
Cogent Communications Holdings, Inc. CCOI$437 millionn/an/a8.0%-4.5%n/a35.7%
No other company here shares its SEC industry code (Telegraph & Other Message Communications); these are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202524 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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