Zoetis (ZTS) Cost of Revenue (2012 - 2026)
Zoetis' (ZTS) quarterly Cost of Revenue came in at $641.0 million in Q1 2026, up 3.72% year-on-year from $618.0 million in Q1 2025, and down 9.97% on a QoQ basis from $712.0 million in Q4 2025.
Zoetis (ZTS) Cost of Revenue (2012 - 2026) Analysis & Trends
Zoetis (ZTS) has 15 years of Cost of Revenue data on file, last reported at $641.0 million in Q1 2026.
- On a quarterly basis, Cost of Revenue rose 3.72% year-over-year to $641.0 million in Q1 2026; TTM through Mar 2026 was $2.7 billion, a 0.33% change from a year earlier, with the FY2025 full-year figure at $2.7 billion, down 1.95% from the prior year.
- Cost of Revenue for Q1 2026 stood at $641.0 million, down from $712.0 million in the prior quarter.
- Over the last five years, Cost of Revenue for ZTS reached as high as $728.0 million in Q4 2023 and fell as low as $569.0 million in Q1 2022.
- Historically, Cost of Revenue has averaged $649.2 million across 5 years, with a median of $643.0 million in 2024.
- Across the five-year window, Cost of Revenue advanced 11.49% in 2023 and slipped 3.89% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $653.0 million in 2022, then climbed by 11.49% to $728.0 million in 2023, then slipped by 2.88% to $707.0 million in 2024, then gained by 0.71% to $712.0 million in 2025, then decreased by 9.97% to $641.0 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $641.0 million in Q1 2026, $712.0 million in Q4 2025, and $683.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 88.07 Bn | 86.20 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.75 Bn | 32.01 Bn | 1.97 Bn | 2.01 Bn |
| 3 | Zoetis | 31.84 Bn | 29.90 Bn | 1.62 Bn | 641.00 Mn |
| 4 | Takeda Pharmaceutical | 27.18 Bn | 23.12 Bn | 4.39 Bn | 2.59 Bn |
| 5 | United Therapeutics | 23.09 Bn | 20.93 Bn | 648.10 Mn | 133.40 Mn |
| 6 | RedHill Biopharma | 21.32 Bn | 21.32 Bn | - | - |
| 7 | Viatris | 19.96 Bn | 18.16 Bn | 1.16 Bn | 2.36 Bn |
| 8 | Neurocrine Biosciences | 17.66 Bn | 16.34 Bn | 800.70 Mn | 13.80 Mn |
| 9 | Elanco Animal Health | 12.44 Bn | 12.02 Bn | 785.00 Mn | 586.00 Mn |
| 10 | Vireo Growth | 10.53 Bn | 10.38 Bn | 59.30 Mn | 46.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 641.00 Mn |
| Mar 31, 2026 | 641.00 Mn |
| Dec 31, 2025 | 712.00 Mn |
| Dec 31, 2025 | 712.00 Mn |
| Sep 30, 2025 | 683.00 Mn |
| Sep 30, 2025 | 683.00 Mn |
| Jun 30, 2025 | 649.00 Mn |
| Jun 30, 2025 | 649.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 707.00 Mn |
| Dec 31, 2024 | 707.00 Mn |
| Sep 30, 2024 | 701.00 Mn |
| Sep 30, 2024 | 701.00 Mn |
| Jun 30, 2024 | 668.00 Mn |
| Jun 30, 2024 | 668.00 Mn |
| Mar 31, 2024 | 643.00 Mn |
| Mar 31, 2024 | 643.00 Mn |
| Dec 31, 2023 | 728.00 Mn |
| Dec 31, 2023 | 728.00 Mn |