Zoetis Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $9.47B | $9.26B | $8.54B | $8.08B | $7.78B | $6.68B | $6.26B |
| Cost of Revenue | — | $2.67B | $2.72B | $2.56B | $2.45B | $2.30B | $2.06B | $1.99B |
| Gross Profit | — | $6.80B | $6.54B | $5.98B | $5.63B | $5.47B | $4.62B | $4.27B |
| Gross Margin | — | 71.8% | 70.6% | 70.0% | 69.6% | 70.4% | 69.2% | 68.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $2.38B | $2.32B | $2.15B | $2.01B | $2.00B | $1.73B | $1.64B |
| Operating Income | — | $3.58B | $3.36B | $3.18B | $2.88B | $2.71B | $2.23B | $2.02B |
| Operating Margin | — | 37.8% | 36.3% | 37.2% | 35.6% | 34.9% | 33.4% | 32.3% |
| Interest Expense | — | $222.0M | $225.0M | $239.0M | $221.0M | $224.0M | $231.0M | $223.0M |
| Pretax Income | — | $3.36B | $3.13B | $2.94B | $2.66B | $2.49B | $2.00B | $1.80B |
| Income Tax Expense | — | $687.0M | $637.0M | $596.0M | $545.0M | $454.0M | $360.0M | $301.0M |
| Net Income | — | $2.67B | $2.49B | $2.34B | $2.11B | $2.04B | $1.64B | $1.50B |
| Net Margin | — | 28.2% | 26.9% | 27.4% | 26.2% | 26.2% | 24.5% | 24.0% |
| EPS (Basic) | — | $6.03 | $5.47 | $5.08 | $4.51 | $4.29 | $3.44 | $3.14 |
| EPS (Diluted) | — | $6.02 | $5.47 | $5.07 | $4.49 | $4.27 | $3.42 | $3.11 |
| Shares Outstanding (Basic) | 422.1M | 443.4M | 454.2M | 461.2M | 468.9M | 474.3M | 475.5M | 478.1M |
| Shares Outstanding (Diluted) | 422.1M | 443.8M | 454.8M | 462.3M | 470.4M | 476.7M | 478.6M | 481.8M |
| Dividends Per Share | — | $2.03 | $1.80 | $1.56 | $1.35 | $1.08 | $0.85 | $0.69 |