ZTS · 10-Q · 2026Q2 · Full report

U.S. Segment Revenue Decline

Zoetis Inc. · 2026-08-06 · Importance 37 · Surprise 32 · In source text

U.S. segment revenue decreased 7% in the three and six months ended June 30, 2026, with companion animal declines of $132 million and $240 million, respectively, partially offset by livestock increases of $42 million and $57 million. U.S. cattle product sales increased because of improved supply availability and elevated demand related to the New World screwworm outbreak. International segment revenue increased 8% in the quarter and 12% in the six-month period, with operational growth of 5% and 7%, respectively. International livestock growth reflected increased demand across cattle, poultry, swine and fish products, including poultry vaccine demand and momentum across key swine brands.

Key facts

• U.S. companion animal revenue decreased by $132 million in the three months ended June 30, 2026, partially offset by an increase of $42 million in livestock products. source
• U.S. segment revenue decreased by $90 million, or 7%, in the three months ended June 30, 2026 compared with the three months ended June 30, 2025. source
• U.S. segment earnings decreased by $93 million, or 10%, in the three months ended June 30, 2026 compared with the three months ended June 30, 2025, primarily due to lower gross profit, partially offset by lower operating expenses. source

Impact estimates