ZTS · 10-Q · 2026Q3 · Full report

FX / Currency Impact

Zoetis Inc. · 2026-11-05 · Importance 24 · Surprise 14

Approximately 45% of Zoetis’s revenue for the nine months ended September 30, 2026 was denominated in foreign currencies, and foreign exchange favorably affected year-over-year revenue growth by approximately 1%. Currency movements added $124 million, or 4%, to nine-month International segment revenue, primarily from the euro, Brazilian real, Australian dollar, and Mexican peso. In the third quarter, foreign exchange added $13 million to International revenue, primarily from the Australian dollar, Brazilian real, Mexican peso, and Chinese renminbi.

Key facts

• For the nine months ended September 30, 2026, approximately 45% of Zoetis’ revenue was denominated in foreign currencies. source
• For the nine months ended September 30, 2026, approximately 55% of Zoetis’ total revenue was in U.S. dollars. source
• Foreign exchange increased Zoetis’ International first-nine-months 2026 revenue by $124 million, or 4%, primarily driven by the euro, Brazilian real, Australian dollar, and Mexican peso. source
• Foreign exchange favorably impacted Zoetis’ first-nine-months 2026 total revenue by approximately $124 million, or 1%. source
• Year-over-year total revenue growth was favorably impacted by approximately 1% from foreign currency changes relative to the U.S. dollar. source
• Foreign exchange favorably impacted Zoetis’ third-quarter 2026 total revenue by approximately $13 million, or 1%. source
• Foreign exchange increased Zoetis’ International third-quarter 2026 revenue by $13 million, or 1%, primarily driven by the Australian dollar, Brazilian real, Mexican peso, and Chinese renminbi. source
• Zoetis identified fluctuations in foreign exchange rates and potential currency controls as risks that could affect actual results. source