Zoetis (ZTS) Stock Buyback History
TTM buyback yield 5.87% · Shareholder yield (TTM) 5.87%.
Zoetis
ZTS
TTM buyback yield
5.87%
Shareholder yield (TTM)
5.87%
5Y share count change
-7.3%
TTM buyback spend
$3.23B
SBC coverage (TTM)
38.98x
Diluted vs basic shares (annual)
Weighted average shares from the income statement: diluted (EPS denominator and typical buyback-yield basis) compared with basic.
Shares outstanding (annual)
Year-over-year change in diluted weighted average shares (industry-standard for EPS and per-share capital return). Green is fewer shares vs the prior fiscal year; red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield
Buybacks vs stock-based compensation
TTM coverage: 38.98x (buybacks ÷ SBC). Bars are fiscal-year totals.
Buyback spending history
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $3.23B | $83.00M | $3.15B | 0.44B | -2.4% | 5.87% |
| 2024 | $1.86B | $74.00M | $1.78B | 0.45B | -1.6% | 2.53% |
| 2023 | $1.09B | $60.00M | $1.03B | 0.46B | -1.7% | 1.21% |
| 2022 | $1.59B | $62.00M | $1.53B | 0.47B | -1.3% | 2.34% |
| 2021 | $743.00M | $58.00M | $685.00M | 0.48B | -0.4% | 0.64% |
| 2020 | $250.00M | $59.00M | $191.00M | 0.48B | -0.7% | 0.32% |
| 2019 | $626.00M | $67.00M | $559.00M | 0.48B | -1.0% | 0.99% |
| 2018 | $698.00M | $53.00M | $645.00M | 0.49B | -1.3% | 1.70% |
| 2017 | $500.00M | $44.00M | $456.00M | 0.49B | -1.0% | 1.42% |
| 2016 | $300.00M | $37.00M | $263.00M | 0.50B | -0.8% | 1.13% |
| 2015 | $203.00M | $43.00M | $160.00M | 0.50B | -0.0% | 0.85% |
| 2014 | $0.00 | $32.00M | −$32.00M | 0.50B | 0.3% | — |
| 2013 | $0.00 | $43.00M | −$43.00M | 0.50B | 0.1% | — |
| 2012 | $0.00 | $28.00M | −$28.00M | 0.50B | 3.8% | — |
| 2011 | $0.00 | $19.00M | −$19.00M | 0.48B | 0.0% | — |
| 2010 | $0.00 | $16.00M | −$16.00M | 0.48B | 0.0% | — |
| 2009 | $0.00 | $15.00M | −$15.00M | 0.48B | — | — |
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
TTM buybacks vs headroom (FCF − dividends, TTM)100% of headroom
Headroom $1.39B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Does Zoetis buy back its own stock?
- Yes, Zoetis (ZTS) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Zoetis spend on share buybacks?
- Trailing twelve months (TTM) buyback spend is about $3.23B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Zoetis's buyback yield?
- TTM buyback yield is about 5.87% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Zoetis's shareholder yield?
- Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 5.87% combined (TTM-based where available).
Is Zoetis diluting shareholders?
- Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Zoetis's share count changed?
- Diluted weighted average shares changed by about -7.3% over roughly five fiscal years (annual income statement data).