Operating Income for Zoetis (ZTS)
According to Zoetis's latest reported financial statements, the company's current operating income (TTM) is $3.60B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
ZTS
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.60B
YoY change
+6.0%
5Y CAGR
+9.7%
Peak year (2025)
$3.60B
Cumulative operating income
$30.09B
Operating Income history chart for Zoetis (ZTS) from 2009 to 2025
Operating Income history table for Zoetis (ZTS) from 2009 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.60B | +6.0% | ||
| 2024 | $3.39B | +10.5% | ||
| 2023 | $3.07B | +4.8% | ||
| 2022 | $2.93B | +4.5% | ||
| 2021 | $2.80B | +23.5% | ||
| 2020 | $2.27B | +12.4% | ||
| 2019 | $2.02B | +7.3% | ||
| 2018 | $1.88B | +8.9% | ||
| 2017 | $1.73B | +23.0% | ||
| 2016 | $1.40B | +29.8% | ||
| 2015 | $1.08B | +11.5% | ||
| 2014 | $970.00M | +18.1% | ||
| 2013 | $821.00M | -3.9% | ||
| 2012 | $854.00M | +24.9% | ||
| 2011 | $684.00M | +121.4% | ||
| 2010 | $309.00M | +10.0% | ||
| 2009 | $281.00M | — |
Operating Income values are taken from Zoetis's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Zoetis (ZTS) came in at $3.60B – grew 6.0% year-over-year.
Through 2020–2025 (5 years), Zoetis operating income delivered a +9.7% annualised rate; sustaining 12 straight years of year-over-year growth.
The highest annual operating income of $3.60B was reported in 2025. The lowest in the available history was $281.00M in 2009.
Zoetis (ZTS) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $22.84B.
Zoetis Operating Income by Year
Zoetis Operating Income 2025: $3.60B
Zoetis operating income in 2025 was $3.60B, grew 6.0% from 2024. This figure represents the highest annual value in the available history.
Zoetis Operating Income 2024: $3.39B
Zoetis operating income in 2024 was $3.39B, grew 10.5% from 2023.
Zoetis Operating Income 2023: $3.07B
Zoetis operating income in 2023 was $3.07B, edged up 4.8% from 2022.
Zoetis Operating Income 2022: $2.93B
Zoetis operating income in 2022 was $2.93B, edged up 4.5% from 2021.
Zoetis Operating Income 2021: $2.80B
Zoetis operating income in 2021 was $2.80B.
See more financial history for Zoetis (ZTS).
Sector peers — Operating Income
Companies in the same sector as Zoetis, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
Frequently asked questions
What is Zoetis's operating income?
- Latest reported operating income for Zoetis (ZTS) is $3.60B (period ending December 31, 2025).
How has Zoetis operating income changed year-over-year?
- Zoetis (ZTS) operating income changed +6.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Zoetis operating income?
- Zoetis (ZTS) operating income compound annual growth rate is +9.7% over the most recent 5 years available.
When did Zoetis operating income hit its highest annual value?
- Zoetis operating income reached its highest annual value of $3.60B in 2025.
What was Zoetis operating income in 2024?
- Zoetis (ZTS) operating income in 2024 was $3.39B.
What was Zoetis operating income in 2025?
- Zoetis (ZTS) operating income in 2025 was $3.60B.
Metrics overview
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