Zoetis Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,467	9,256	8,544	8,080	7,776
Revenue Growth (YoY)	2.28%	8.33%	5.74%	3.91%	16.49%
Cost of Revenue	2,666	2,719	2,561	2,454	2,303
Gross Profit	6,801	6,537	5,983	5,626	5,473
Selling, General & Admin	2,378	2,318	2,151	2,009	2,001
Depreciation & Amortization Expenses	128	141	149	150	161
Research & Development	698	686	614	539	508
Other Operating Expenses	51	53	53	11	43
Operating Income	3,546	3,339	3,016	2,917	2,760
Interest Expense	-222	-225	-239	-221	-224
Other Non-Operating Income (Expense)	36	19	159	-40	-48
Total Non-Operating Income (Expense)	-186	-206	-80	-261	-272
Pretax Income	3,360	3,133	2,936	2,656	2,488
Provision for Income Taxes	687	637	596	545	454
Net Income	2,673	2,486	2,344	2,114	2,037
Minority Interest in Earnings	-	10	-4	-3	-3
Net Income to Common	2,673	2,486	2,344	2,114	2,037
Net Income Growth	7.52%	6.06%	10.88%	3.78%	24.36%
Shares Outstanding (Basic)	443	454	461	469	474
Shares Outstanding (Diluted)	444	455	462	470	477
Shares Change (YoY)	-2.42%	-1.60%	-1.73%	-1.33%	-0.39%
EPS (Basic)	6.03	5.47	5.08	4.51	4.29
EPS (Diluted)	6.02	5.47	5.07	4.49	4.27
EPS Growth	10.05%	7.89%	12.92%	5.15%	24.85%
Free Cash Flow	2,283	2,298	1,621	1,326	1,736
Free Cash Flow Growth	-0.65%	41.76%	22.25%	-23.62%	3.77%
Free Cash Flow Per Share	5.14	5.05	3.51	2.82	3.64
Dividends Per Share	2.000	1.728	1.500	1.300	1.000
Dividend Growth	15.74%	15.20%	15.38%	30.00%	25.00%
Gross Margin	71.84%	70.62%	70.03%	69.63%	70.38%
Operating Margin	37.46%	36.07%	35.30%	36.10%	35.49%
Profit Margin	28.23%	26.97%	27.39%	26.13%	26.16%
FCF Margin	24.12%	24.83%	18.97%	16.41%	22.33%
EBITDA	4,033	3,836	3,507	3,382	3,208
EBITDA Margin	42.60%	41.44%	41.05%	41.86%	41.26%
EBIT	3,546	3,339	3,016	2,917	2,760
EBIT Margin	37.46%	36.07%	35.30%	36.10%	35.49%
Effective Tax Rate	20.45%	20.33%	20.30%	20.52%	18.25%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.