Zoetis (ZTS) financials
Zoetis revenue and earnings by year
Zoetis's revenue was $9.47 billion in the fiscal year to December 31, 2025, up 2.3% from the year before. Net income was $2.67 billion, 28.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.47 | 9.26 | 8.54 | 8.08 | 7.78 | 6.68 | 6.26 | 5.83 | 5.31 | 4.89 |
| Revenue growth | 2.3% | 8.3% | 5.7% | 3.9% | 16.5% | 6.6% | 7.5% | 9.8% | 8.6% | — |
| Gross profit | 6.80 | 6.54 | 5.98 | 5.63 | 5.47 | 4.62 | 4.27 | 3.91 | 3.53 | 3.22 |
| Gross margin | 71.8% | 70.6% | 70.0% | 69.6% | 70.4% | 69.2% | 68.2% | 67.2% | 66.6% | 65.9% |
| Operating income | 3.58 | 3.36 | 3.18 | 2.88 | 2.71 | 2.23 | 2.02 | 1.90 | 1.70 | 1.39 |
| Operating margin | 37.8% | 36.3% | 37.2% | 35.6% | 34.9% | 33.4% | 32.3% | 32.5% | 32.0% | 28.5% |
| Net income | 2.67 | 2.49 | 2.34 | 2.11 | 2.04 | 1.64 | 1.50 | 1.43 | 0.86 | 0.82 |
| Net margin | 28.2% | 26.9% | 27.4% | 26.2% | 26.2% | 24.5% | 24.0% | 24.5% | 16.3% | 16.8% |
| Diluted EPS | $6.02 | $5.47 | $5.07 | $4.49 | $4.27 | $3.42 | $3.12 | $2.93 | $1.75 | $1.65 |
| Free cash flow | 2.28 | 2.30 | 1.62 | 1.33 | 1.74 | 1.69 | 1.36 | 1.51 | 1.12 | 0.50 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ZTS in Markets.
See also: ZTS valuation and P/E history · ZTS returns
No forecast, no recommendation. This page describes Zoetis from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.