ZTS · 8-K · 20260806PR000038

Geographic Market Commentary

Zoetis Inc. · 2026-08-06 · Importance 42 · Surprise 40

International revenue increased 6% organically in the quarter, while U.S. revenue declined 7%. Quarterly organic growth was strongest in other emerging markets at 21%, Germany at 19%, and Italy, Spain and other developed markets at 7%, 7% and 4%, respectively. China declined 14% organically, France declined 8% and the United Kingdom declined 9%. For the six months, Mexico, Spain, Italy and other emerging markets grew organically 12%, 14%, 11% and 21%, respectively, while France and the United Kingdom declined 11% and 5%.

Key facts

• Three months ended June 30, 2026 U.S. revenue: $1,266 million; International revenue: $1,173 million. source
• U.S. segment revenue for the second quarter of 2026: $1.3 billion, decreasing 7% on both a reported and an organic operational basis versus Q2 2025. source
• International segment revenue for the second quarter of 2026: $1.2 billion, increasing 8% reported and 6% organic operational versus Q2 2025. source
• Total international three months ended June 30, 2026 'Other emerging markets' revenue: $269 million, up 21% reported and 21% organic operational. source
• International three months ended June 30, 2026 China revenue: $62 million, down 7% reported and down 14% organic operational versus prior year quarter. source