ZTS

ZOETIS
D

ZTS

Arincen80/100B

ZOETIS income statement 2009–2026

9.51B USD over the last twelve months, and 9.47B USD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
9.51B9.47B9.26B8.54B8.08B7.78B6.68B6.26B5.83B5.31B4.89B
Revenue growth
+1.18%+2.28%+8.33%+5.74%+3.91%+16.49%+6.63%+7.47%+9.76%+8.57%+2.58%
Cost of revenue
2.76B2.79B2.86B2.71B2.60B2.46B2.22B2.15B2.03B1.86B1.75B
Gross profit
6.75B6.67B6.40B5.83B5.48B5.31B4.46B4.11B3.80B3.44B3.14B
Gross margin
71.02%70.49%69.10%68.28%67.77%68.31%66.79%65.70%65.18%64.88%64.30%
Research and development
726.00M698.00M686.00M614.00M539.00M508.00M463.00M457.00M432.00M382.00M376.00M
Selling, general and administrative
2.38B2.38B2.32B2.15B2.01B2.00B1.73B1.64B1.48B1.33B1.32B
Operating expenses
3.31B3.08B3.00B2.77B2.55B2.51B2.19B2.10B1.92B1.72B1.74B
3.45B3.60B3.39B3.07B2.93B2.80B2.27B2.02B1.88B1.73B1.40B
Operating income growth
-2.49%+6.04%+10.52%+4.82%+4.46%+23.53%+12.44%+7.28%+8.92%+23.01%+29.76%
Operating margin
36.26%38.00%36.65%35.92%36.24%36.05%33.99%32.24%32.29%32.54%28.72%
Interest income
—93.00M106.00M105.00M50.00M6.00M12.00M37.00M31.00M——
Interest expense
242.00M243.00M242.00M258.00M237.00M236.00M249.00M242.00M212.00M175.00M166.00M
Other non-operating income
-334.00M-237.00M-259.00M-133.00M-272.00M-315.00M-273.00M-217.00M-191.00M-202.00M-176.00M
Pretax income
3.11B3.36B3.13B2.94B2.66B2.49B2.00B1.80B1.69B1.53B1.23B
Income tax
628.00M687.00M637.00M596.00M545.00M454.00M360.00M301.00M266.00M663.00M409.00M
Effective tax rate
20.17%20.45%20.33%20.30%20.52%18.25%18.04%16.71%15.74%43.48%33.31%
2.49B2.67B2.49B2.34B2.11B2.04B1.64B1.50B1.43B864.00M821.00M
Net income growth
-6.22%+7.52%+6.06%+10.88%+3.78%+24.36%+9.20%+5.04%+65.28%+5.24%+142.18%
Net margin
26.15%28.23%26.86%27.43%26.16%26.20%24.54%23.96%24.52%16.28%16.80%
Basic shares
422.38M443.44M454.20M461.17M468.89M474.35M475.50M478.13M483.06M489.92M495.72M
Diluted shares
422.58M443.84M454.85M462.27M470.39M476.72M478.57M481.79M486.90M493.16M498.23M
Change in diluted shares
-5.45%-2.42%-1.61%-1.73%-1.33%-0.39%-0.67%-1.05%-1.27%-1.02%-0.76%
EPS (basic)
5.896.035.475.084.514.293.443.142.961.761.66
EPS (diluted)
5.886.025.475.074.494.273.423.112.931.751.65
EPS growth
-1.01%+10.05%+7.89%+12.92%+5.15%+24.85%+9.97%+6.14%+67.43%+6.06%+142.65%
Dividends per share
2.092.001.731.501.301.000.800.660.500.420.38
Dividend growth
+8.18%+15.74%+15.20%+15.38%+30.00%+25.00%+21.95%+30.16%+20.00%+10.53%+14.46%
EBITDA
3.83B4.07B3.87B3.69B3.36B3.17B2.69B2.46B2.21B1.94B1.63B
EBITDA margin
40.32%42.98%41.83%43.13%41.56%40.79%40.24%39.22%37.94%36.59%33.43%
EBIT
3.36B3.58B3.38B3.19B2.89B2.72B2.25B2.04B1.90B1.70B1.39B

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about ZOETIS's income statement

Source: Financial Modeling Prep