Zoetis revenue and financials
$71.33Change from previous close: −0.11%Absolute change: −$0.08
In the fiscal year ended December 2025, Zoetis reported revenue of $9.47B (+2.28% year over year). Net income was $2.67B, a net margin of 28.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.28%
- 2025 vs 2024
- Net income growth
- +7.52%
- 2025 vs 2024
- Net margin
- 28.2%
- 2024: 26.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 655 | 401 | 893 | 938 | 605 | 515 | 905 | 951 | 502 | 595 | 897 | 724 |
| Depreciation and amortization | 119 | 119 | 75.0 | 124 | 124 | 119 | 62.0 | 121 | 127 | 126 | 51.0 | 124 |
| Capital expenditure | -117 | -110 | -161 | -133 | -146 | -178 | -216 | -167 | -132 | -140 | -198 | -145 |
| Investing cash flow | -300 | -87.0 | -166 | -160 | -212 | -203 | 126 | -178 | -132 | -131 | -210 | -271 |
| Financing cash flow | -813 | -840 | -495 | -134 | -564 | -677 | -745 | -628 | -763 | -524 | -397 | -416 |
| Dividends paid | -223 | -224 | -220 | -222 | -223 | -224 | -194 | -197 | -197 | -198 | -172 | -173 |
| Share repurchases | -589 | -613 | -2,059 | -394 | -341 | -452 | -551 | -431 | -537 | -347 | -235 | -250 |
| Debt issued | — | — | 2,000 | 1,848 | — | 0.0 | — | — | -21.0 | 21.0 | 1.0 | — |
| Debt repaid | — | — | -187 | -1,350 | — | — | — | — | -3.0 | — | — | — |
| Effect of exchange rates | -7.0 | 17.0 | -4.0 | 5.0 | 21.0 | 33.0 | -13.0 | -5.0 | -8.0 | -6.0 | -3.0 | — |
| Net change in cash | -465 | -509 | 228 | 649 | -150 | -332 | 273 | 140 | -401 | -66.0 | 287 | 37.0 |
| Free cash flow | 538 | 291 | 732 | 805 | 459 | 337 | 689 | 784 | 370 | 455 | 699 | 579 |
| Levered free cash flow | 479 | 306 | 882 | 338 | 243 | 316 | 1,254 | 476 | 211 | 434 | 750 | 295 |