Zoetis Inc.

ZTS 10-Q · Q1 2026

ZTS Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 2,262 2,198 +2.9%
Show Product Lines breakouts
Animal health diagnostics 117 104 +12.5%
Anti-infectives 241 238 +1.3%
Cattle 392 341 +15.0%
Companion Animal [Member] 1,519 1,541 -1.4%
Companion Animal [Member] · International 654 568 +15.1%
Companion Animal [Member] · U.S. 865 973 -11.1%
Contract manufacturing & human health 23 30 -23.3%
Dermatology 349 379 -7.9%
Dogs and Cats 1,443 1,477 -2.3%
Fish 66 55 +20.0%
Horses 76 64 +18.8%
Livestock [Member] 720 627 +14.8%
Livestock [Member] · International 495 417 +18.7%
Livestock [Member] · U.S. 225 210 +7.1%
Manufactured Product Other 21 20 +5.0%
Other Non Pharmaceuticals [Member] 66 71 -7.0%
Other pharmaceutical 158 158 0.0%
Pain and sedation 203 207 -1.9%
Parasiticides 586 572 +2.4%
Poultry 118 106 +11.3%
Swine [Member] 123 105 +17.1%
Total products and services 2,239 2,168 +3.3%
Vaccines 519 439 +18.2%
Show Business Segments breakouts
International · Operating Segments 263 225 +16.9%
International · Operating Segments 1,149 985 +16.6%
U.S. · Operating Segments 1,090 1,183 -7.9%
Show Geography breakouts
AU 89 79 +12.7%
BR 90 81 +11.1%
CA 73 70 +4.3%
CL 38 35 +8.6%
CN 63 55 +14.5%
DE 59 55 +7.3%
ES 40 29 +37.9%
FR 37 39 -5.1%
GB 78 74 +5.4%
IT 39 30 +30.0%
JP 35 32 +9.4%
MX 48 35 +37.1%
Other developed markets 169 133 +27.1%
Other emerging markets 291 238 +22.3%
Total geographical area 2,239 2,168 +3.3%
US 1,090 1,183 -7.9%
Cost of Revenue 641 618 +3.7%
Show Business Segments breakouts
International · Operating Segments 334 295 +13.2%
U.S. · Operating Segments 194 199 -2.5%
Selling, General & Administrative 588 574 +2.4%
Research And Development Expense Excluding Acquired In Process Cost 180 162 +11.1%
Amortization Of Intangible Assets Not Associated With Single Function 31 32 -3.1%
Restructuring Charges And Acquisition And Divestiture Related Costs 22
Interest Expense 62 54 +14.8%
Non-Operating Income (Expense) -20 -15 -33.3%
Show Business Segments breakouts
International · Operating Segments 1
Income Before Taxes 758 773 -1.9%
Show Business Segments breakouts
All Other Segments -141 -133 -6.0%
International · Operating Segments 639 527 +21.3%
U.S. · Operating Segments 697 779 -10.5%
Show Consolidation Items breakouts
Corporate Non Segment -315 -278 -13.3%
Operating Segments 1,336 1,306 +2.3%
Income Tax Expense (Benefit) 157 171 -8.2%
Net Income 601 602 -0.2%
Show Equity Components breakouts
Retained Earnings 601 602 -0.2%
Net Income 601 602 -0.2%
EPS (Basic) 1.42 1.34 +6.0%
EPS (Diluted) 1.42 1.34 +6.0%
Wtd Avg Shares (Basic) 422.1 447.6 -5.7%
Wtd Avg Shares (Diluted) 422.4 448 -5.7%
Common Stock Dividends Per Share Declared 0.53 0.5 +6.0%
Gross Profit (Q)
Show Business Segments breakouts
International · Operating Segments 815 690 +18.1%
U.S. · Operating Segments 896 984 -8.9%
Operating Expenses (Q)
Show Business Segments breakouts
International · Operating Segments 175 163 +7.4%
U.S. · Operating Segments 199 205 -2.9%
Other Non-Operating Income (Expense) 1 -3 +133.3%
Comprehensive Income 633 690 -8.3%
Foreign Currency Transaction Gain Loss Before Tax 6 10 -40.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 1,941 1,721 +12.8%
Accounts Receivable 1,506 1,361 +10.7%
Inventory 2,550 2,365 +7.8%
Other Assets Current 477 430 +10.9%
Total Current Assets 6,474 5,877 +10.2%
Non-Current Assets
Property, Plant & Equipment 3,719 3,441 +8.1%
Operating Lease Right-of-Use Assets 282 220 +28.2%
Goodwill 2,778 2,716 +2.3%
Show Geography breakouts
Non Us 1,263
US 1,515 1,515 0.0%
Deferred Tax Assets 591 530 +11.5%
Other Non-Current Assets 351 232 +51.3%
Total Assets 15,154
Intangible Assets 745 875 -14.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Developed Technology Rights 557 678 -17.8%
Other Intangible Assets 79 78 +1.3%
Trademarks And Trade Names 109 119 -8.4%
Other Assets
Intangible Assets Net Excluding Goodwill 959 1,082 -11.4%
Current Liabilities
Accounts Payable 507 420 +20.7%
Dividends Payable Current 224 224 0.0%
Other Accrued Liabilities Current 751 772 -2.7%
Employee Related Liabilities Current 239 291 -17.9%
Taxes Payable Current 211 211 0.0%
Other Liabilities Current 121 117 +3.4%
Total Current Liabilities 2,053 3,385 -39.4%
Non-Current Liabilities
Long-Term Debt 9,045 5,227 +73.0%
Deferred Tax Liabilities 130 161 -19.3%
Operating Lease Liabilities 193 173 +11.6%
Accrued Income Taxes Noncurrent 281 277 +1.4%
Other Non-Current Liabilities 219 220 -0.5%
Total Liabilities 11,921
Stockholders' Equity
Common Stock 5 5 0.0%
Treasury Stock Value -11,288 -7,888 -43.1%
Additional Paid-In Capital 1,105 1,180 -6.4%
Retained Earnings 14,183 12,375 +14.6%
Accumulated Other Comprehensive Income -772 -1,017 +24.1%
Total Stockholders' Equity 3,233 4,655 -30.5%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,233 4,865 -33.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 3 1 +200.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 68 76 -10.5%
Accumulated Net Unrealized Investment Gain Loss -25 29 -186.2%
Accumulated Other Comprehensive Income -772 -922 +16.3%
Accumulated Translation Adjustment -818 -1,028 +20.4%
Additional Paid In Capital 1,105 1,180 -6.4%
Common Stock 5 5 0.0%
Retained Earnings 14,183 12,490 +13.6%
Treasury Stock Common -11,288 -7,888 -43.1%
Total Liabilities & Equity 15,154 14,098 +7.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 119 119 0.0%
Show Business Segments breakouts
All Other Segments 13 11 +18.2%
International · Operating Segments 26 23 +13.0%
U.S. · Operating Segments 23 23 0.0%
Show Consolidation Items breakouts
Corporate Non Segment 25 29 -13.8%
Operating Segments 49 46 +6.5%
Stock-Based Compensation 25 17 +47.1%
Gain Loss On Sales Of Assets And Asset Impairment Charges -6
Inventory Write Down 13 19 -31.6%
Deferred Income Taxes 34 14 +142.9%
Cash Received From Payments To Settle Derivative Instruments -3
Other Non-Cash Items 3 -1 +400.0%
Change in Accounts Receivable -106 -46 -130.4%
Change in Inventory -114 -85 -34.1%
Increase Decrease In Other Operating Assets -66 -46 -43.5%
Change in Accounts Payable 62 22 +181.8%
Increase Decrease In Other Operating Liabilities -234 -206 -13.6%
Increase Decrease In Accrued Taxes Payable 73 104 -29.8%
Net Cash from Operations 401 515 -22.1%
Investing Activities
Capital Expenditures -110 -178 +38.2%
Payments To Acquire Investments -2 -2 0.0%
Payments For Proceeds From Hedge Investing Activities 16 -24 +166.7%
Proceeds From Sale Of Property Plant And Equipment 10
Other Investing Activities -1 1 -200.0%
Net Cash from Investing -87 -203 +57.1%
Excise Tax Accrued On Net Share Repurchased Not Paid 6 4 +50.0%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 10 7 +42.9%
Dividends Payable Current And Noncurrent 224 224 0.0%
Financing Activities
Share Based Compensation Related Proceeds Net Of Taxes Paid On Withholding Shares -7 -9 +22.2%
Share Repurchases -606 -443 -36.8%
Payments Of Ordinary Dividends -224 -224 0.0%
Proceeds From Payments For Other Financing Activities -3 -1 -200.0%
Net Cash from Financing -840 -677 -24.1%
Supplemental
Income Taxes Paid 50 60 -16.7%
Interest Paid 109 68 +60.3%
Operating Lease Payments 17 16 +6.2%
Unpaid Capital Expenditures 3 3 0.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 17 33 -48.5%
Net Change in Cash -509 -332 -53.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,941 1,782 +8.9%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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