Zoetis Inc. (ZTS) — Financial statements
Income statement, balance sheet, and cash flow for Zoetis Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 9,467↑2.3% | 9,256↑8.3% | 8,544↑5.7% | 8,080↑3.9% | 7,776 | |
| Cost of Revenue | 2,794↓2.3% | 2,860↑5.5% | 2,710↑4.1% | 2,604↑5.7% | 2,464 | |
| Gross Profit | 6,673↑4.3% | 6,396↑9.6% | 5,834↑6.5% | 5,476↑3.1% | 5,312 | |
| Operating Expenses | ||||||
| R&D Expenses | 698↑1.7% | 686↑11.7% | 614↑13.9% | 539↑6.1% | 508 | |
| General & Administrative Expenses | 0.00↓100.0% | 2,016 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 302 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,378↑2.6% | 2,318↑7.8% | 2,151↑7.1% | 2,009↑0.4% | 2,001 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3,076↑2.4% | 3,004↑8.6% | 2,765↑8.5% | 2,548↑1.6% | 2,509 | |
| Total Costs & Expenses | 5,870↑0.1% | 5,864↑7.1% | 5,475↑6.3% | 5,152↑3.6% | 4,973 | |
| Operating Results | ||||||
| Operating Income | 3,597↑6.0% | 3,392↑10.5% | 3,069↑4.8% | 2,928↑4.5% | 2,803 | |
| Depreciation & Amortization | 487↓2.0% | 497↑1.2% | 491↑5.6% | 465↑3.8% | 448 | |
| EBITDA | 4,069↑5.1% | 3,872↑5.1% | 3,685↑9.7% | 3,358↑5.9% | 3,172 | |
| EBIT | 3,582↑6.1% | 3,375↑5.7% | 3,194↑10.4% | 2,893↑6.2% | 2,724 | |
| Interest & Other Income | ||||||
| Net Interest Income | -150↓10.3% | -136↑11.1% | -153↑18.2% | -187↑18.7% | -230 | |
| Interest Income | 93↓12.3% | 106↑1.0% | 105↑110.0% | 50↑733.3% | 6 | |
| Interest Expense | 243↑0.4% | 242↓6.2% | 258↑8.9% | 237↑0.4% | 236 | |
| Non-Operating Income | 15↓11.8% | 17↑113.6% | -125↓457.1% | 35↓55.7% | 79 | |
| Other Income / Expenses | -237↑8.5% | -259↓94.7% | -133↑51.1% | -272↑13.7% | -315 | |
| Income Before Tax | 3,360↑7.2% | 3,133↑6.7% | 2,936↑10.5% | 2,656↑6.8% | 2,488 | |
| Income Tax Expense | 687↑7.8% | 637↑6.9% | 596↑9.4% | 545↑20.0% | 454 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,673↑7.1% | 2,496↑6.7% | 2,340↑10.8% | 2,111↑3.8% | 2,034 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,673↑7.5% | 2,486↑6.1% | 2,344↑10.9% | 2,114↑3.8% | 2,037 | |
| Bottom-Line Net Income | 2,673↑7.5% | 2,486↑6.1% | 2,344↑10.9% | 2,114↑3.8% | 2,037 | |
| EPS (Basic) | 6.03↑10.2% | 5.47↑7.7% | 5.08↑12.6% | 4.51↑5.1% | 4.29 | |
| EPS (Diluted) | 6.02↑10.1% | 5.47↑7.9% | 5.07↑12.9% | 4.49↑5.2% | 4.27 | |
| Weighted Average Shares | 443↓2.4% | 454↓1.5% | 461↓1.6% | 469↓1.2% | 474 | |
| Weighted Average Diluted Shares | 444↓2.4% | 455↓1.6% | 462↓1.7% | 470↓1.3% | 477 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.