ZTS · 8-K · 20261105PR000048
Guidance / Outlook
Zoetis Inc. · 2026-11-05 · Importance 56 · Surprise 68 · From source text
On November 5, 2026, Zoetis narrowed full-year revenue guidance to $9.220 billion–$9.320 billion, versus prior guidance of $9.120 billion–$9.320 billion, and forecast organic operational revenue growth of negative 2% to negative 1%. Adjusted net income guidance increased to $2.600 billion–$2.640 billion from $2.570 billion–$2.620 billion, and adjusted diluted EPS guidance rose to $6.25–$6.35 from $6.15–$6.25. The company raised its projected adjusted R&D expense range to $705 million–$715 million? No—its revised range is $705 million–$715 million, down from $720 million–$730 million, while adjusted SG&A guidance is $2.340 billion–$2.370 billion. Guidance assumes foreign exchange rates as of October 20, 2026, and includes approximately $210 million of certain significant items and acquisition- and divestiture-related costs, up from approximately $150 million previously.
Key facts
- Zoetis Inc. narrowed its full-year 2026 revenue guidance to $9.220 billion–$9.320 billion, with organic operational growth of (2)% to (1)%. source
- Zoetis Inc. raised its full-year 2026 adjusted net income guidance to $2.600 billion–$2.640 billion, with organic operational growth of (7)% to (5)%. source
- Zoetis Inc.'s full-year 2026 certain significant items and acquisition and divestiture-related costs guidance is approximately $210 million, versus prior guidance of approximately $150 million. source
- Zoetis Inc.'s full-year 2026 adjusted net income guidance was $2.600 billion–$2.640 billion as of November 5, compared with prior guidance of $2.570 billion–$2.620 billion as of August 6. source
- Zoetis Inc. expects full-year 2026 reported net income attributable to Zoetis of $2.300 billion–$2.340 billion and adjusted net income of $2.600 billion–$2.640 billion. source
- Zoetis Inc.'s full-year 2026 revenue guidance as of November 5 was $9.220 billion–$9.320 billion, versus prior guidance of $9.120 billion–$9.320 billion as of August 6. source
- Zoetis Inc.'s full-year 2026 adjusted cost of sales guidance is approximately 29.0% of revenue. source
- Zoetis Inc.'s full-year 2026 adjusted SG&A expense guidance is $2.340 billion–$2.370 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | -2.1% | Zoetis Inc.'s full-year 2026 certain significant items and acquisition and divestiture-related costs guidance is approximately $210… |
| revenue | positive | committed | +1.7% | Zoetis Inc.'s full-year 2026 revenue guidance as of November 5 was $9.220 billion–$9.320 billion, versus prior guidance of $9.120… |
| net_income | positive | committed | +0.9% | Zoetis Inc.'s full-year 2026 adjusted net income guidance was $2.600 billion–$2.640 billion as of November 5, compared with prior guidance… |
| net_income | unclear | committed | — | Zoetis Inc. expects full-year 2026 reported net income attributable to Zoetis of $2.300 billion–$2.340 billion and adjusted net income of… |
| net_income | positive | committed | — | Zoetis Inc.'s full-year 2026 effective tax rate on adjusted income guidance is approximately 20%, compared with prior guidance of… |