ZTS · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

Zoetis Inc. · 2026-08-06 · Importance 49 · Surprise 32 · In source text

Six-month revenue increased 1% to $4,730 million from $4,672 million, while operational revenue declined 1% because key-franchise volume fell approximately 3%. Price growth of approximately 1% and volume growth from other in-line products of approximately 1% partly offset the key-franchise decline. Foreign exchange increased six-month revenue by approximately $111 million, or 2%, while the second quarter was broadly flat at $2,468 million versus $2,474 million and declined 2% operationally.

Key facts

• Non-GAAP adjusted net income for the six months ended June 30, 2026 was $1,427 million. source
• Total revenue for the three months ended June 30, 2026 was $2,468 million. source
• Total revenue for the six months ended June 30, 2026 was $4,730 million. source
• On a global basis, companion animal revenue was $1,708 million for the three months ended June 30, 2026 and livestock revenue was $1,173 million (implying companion + livestock totals shown). source
• GAAP reported net income attributable to Zoetis for the six months ended June 30, 2026 was $1,292 million. source
• GAAP reported diluted EPS was $3.08 for the six months ended June 30, 2026 and $2.97 for the six months ended June 30, 2025. source
• Non-GAAP adjusted diluted EPS was $3.40 for the six months ended June 30, 2026 and $3.19 for the six months ended June 30, 2025. source
• Operational revenue decreased $41 million, or 2%, for the three months ended June 30, 2026 versus the comparable prior year period. source

Impact estimates