ZTS · 10-Q · 2026Q2 · Full report
International Segment Growth
Zoetis Inc. · 2026-08-06 · Importance 54 · Surprise 40 · In source text
International segment revenue increased 12% to $2,322 million in the six months ended June 30, 2026, with operational revenue up 7% or $141 million. Operational growth included $72 million from companion animal products, driven by parasiticides, small animal diagnostics and vaccines, and $69 million from livestock products, supported by cattle, swine, poultry and fish products. Foreign exchange contributed $111 million, or 5%, primarily from the euro, Brazilian real, Australian dollar and Mexican peso, while International segment earnings increased 16% to $1,300 million.
Key facts
- International segment revenue increased by $252 million, or 12%, in the six months ended June 30, 2026 versus the six months ended June 30, 2025; operational revenue increased by $141 million, or 7%. source
- International segment earnings increased by $181 million, or 16%, in the six months ended June 30, 2026 versus the six months ended June 30, 2025; operational earnings increased by $127 million, or 11%, primarily due to higher gross profit, partially offset by higher operating expenses. source
- International segment revenue increased by $88 million, or 8%, in the three months ended June 30, 2026 compared with the three months ended June 30, 2025; operational revenue increased by $53 million, or 5%. source
- International segment earnings increased by $69 million, or 12%, in the three months ended June 30, 2026 versus the three months ended June 30, 2025; operational earnings increased by $48 million, or 8%, primarily due to higher gross profit. source
- International operational companion animal growth for the six months ended June 30, 2026 was $72 million and livestock operational growth was $69 million. source
- International operational companion animal revenue growth in the three months ended June 30, 2026 was $33 million and livestock operational growth was $20 million. source
- International livestock operational revenue growth in the three months ended June 30, 2026 was due to increased sales in cattle and poultry products, with cattle growth largely due to increased demand and price and poultry growth due to increased demand, geographic expansion and price. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +10.2% | International segment revenue increased by $252 million, or 12%, in the six months ended June 30, 2026 versus the six months ended June… |
| operating_income | positive | realized | +7.3% | International segment earnings increased by $181 million, or 16%, in the six months ended June 30, 2026 versus the six months ended June… |
| revenue | positive | realized | +3.6% | International segment revenue increased by $88 million, or 8%, in the three months ended June 30, 2026 compared with the three months… |
| operating_income | positive | realized | +2.8% | International segment earnings increased by $69 million, or 12%, in the three months ended June 30, 2026 versus the three months ended… |