Zoetis annual operating margin
2022
2023
2024
2025
Zoetis Operating Margin Growth & History (ZTS)
Zoetis's operating margin was 38.00% for fiscal 2025.
View full Zoetis company overviewZoetis annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 38.00% | +1.35 pp |
| 2024 | 2024-12-31 | 36.65% | +0.73 pp |
| 2023 | 2023-12-31 | 35.92% | −0.32 pp |
| 2022 | 2022-12-31 | 36.24% | — |
Zoetis quarterly operating margin
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 40.48% | +0.18 pp |
| Q1 2026 | 2026-03-31 | 36.34% | — |
| Q4 2025 | 2025-12-31 | 34.49% | — |
| Q3 2025 | 2025-09-30 | 39.00% | — |
| Q2 2025 | 2025-06-30 | 40.30% | — |
| Q4 2019 | 2019-12-31 | 27.18% | −0.44 pp |
| Q3 2019 | 2019-09-30 | 33.71% | +2.29 pp |
| Q2 2019 | 2019-06-30 | 30.83% | −0.40 pp |
| Q1 2019 | 2019-03-31 | 26.53% | −4.14 pp |
| Q4 2018 | 2018-12-31 | 27.62% | −2.65 pp |
| Q3 2018 | 2018-09-30 | 31.42% | +0.16 pp |
| Q2 2018 | 2018-06-30 | 31.24% | +4.05 pp |
| Q1 2018 | 2018-03-31 | 30.67% | +3.38 pp |
| Q4 2017 | 2017-12-31 | 30.27% | +10.62 pp |
| Q3 2017 | 2017-10-01 | 31.25% | +4.10 pp |
| Q2 2017 | 2017-07-02 | 27.19% | +1.44 pp |
| Q1 2017 | 2017-04-02 | 27.29% | −1.45 pp |
| Q4 2016 | 2016-12-31 | 19.66% | +11.10 pp |
| Q3 2016 | 2016-10-02 | 27.16% | +3.60 pp |
| Q2 2016 | 2016-07-03 | 25.75% | +5.40 pp |
| Q1 2016 | 2016-04-03 | 28.74% | +7.78 pp |
| Q4 2015 | 2015-12-31 | 8.56% | −4.32 pp |
| Q3 2015 | 2015-09-27 | 23.56% | +3.72 pp |
| Q2 2015 | 2015-06-28 | 20.34% | +2.64 pp |
| Q1 2015 | 2015-03-29 | 20.96% | −0.00 pp |
| Q4 2014 | 2014-12-31 | 12.88% | −0.04 pp |
| Q3 2014 | 2014-09-28 | 19.83% | +2.79 pp |
| Q2 2014 | 2014-06-29 | 17.70% | +2.71 pp |
| Q1 2014 | 2014-03-30 | 20.97% | +2.71 pp |
| Q4 2013 | 2013-12-31 | 12.92% | −0.18 pp |
| Q3 2013 | 2013-09-29 | 17.04% | −4.45 pp |
| Q2 2013 | 2013-06-30 | 14.99% | −10.24 pp |
| Q1 2013 | 2013-03-31 | 18.26% | −0.46 pp |
| Q4 2012 | 2012-12-31 | 13.10% | — |
| Q3 2012 | 2012-09-30 | 21.49% | — |
| Q2 2012 | 2012-07-01 | 25.23% | — |
| Q1 2012 | 2012-04-01 | 18.72% | — |
Zoetis operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Zoetis's operating margin increased from 36.24% to 38.00%, a change of +1.76 percentage points. The latest reported quarter, Q2 2026, shows 40.48%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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