Zoetis (ZTS) Cost of Revenue (2012 - 2026)
Zoetis' (ZTS) quarterly Cost of Revenue came in at $673.0 million in Q2 2026, up 1.36% year-over-year from $664.0 million in Q2 2025, and up 4.99% quarter-over-quarter from $641.0 million in Q1 2026.
Analysis
Zoetis (ZTS) Cost of Revenue (2012 - 2026) Analysis & Trends
Zoetis (ZTS) has reported Cost of Revenue for 15 consecutive years, with $673.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 1.36% year-over-year to $673.0 million in Q2 2026; TTM through Jun 2026 was $2.7 billion, a 0.71% increase from a year earlier, with the FY2025 full-year figure at $2.7 billion, down 1.95% from the prior year.
- Cost of Revenue was $673.0 million for Q2 2026 at Zoetis, up from $641.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $728.0 million in Q4 2023 and troughed at $569.0 million in Q1 2022.
- A 5-year average of $651.4 million and a median of $648.0 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue climbed 11.49% in 2023 and dropped 3.89% in 2025, its largest moves.
- Over 5 years, Cost of Revenue stood at $653.0 million in 2022, then increased by 11.49% to $728.0 million in 2023, then declined by 2.88% to $707.0 million in 2024, then climbed by 0.71% to $712.0 million in 2025, then retreated by 5.48% to $673.0 million in 2026.
- The last three Cost of Revenue figures came in at $673.0 million (Q2 2026), $641.0 million (Q1 2026), and $712.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Idexx Laboratories | 40.71 Bn | 40.52 Bn | 779.09 Mn | 437.50 Mn |
| 2 | Zoetis | 30.68 Bn | 29.01 Bn | 1.05 Bn | 673.00 Mn |
| 3 | Elanco Animal Health | 11.86 Bn | 11.33 Bn | 798.00 Mn | 570.00 Mn |
| 4 | Phibro Animal Health | 1.49 Bn | 1.41 Bn | 134.40 Mn | 262.35 Mn |
| 5 | Immucell | 89.92 Mn | 81.06 Mn | 2.44 Mn | 4.75 Mn |
| 6 | Zhengye Biotechnology Holding | 75.76 Mn | 68.66 Mn | - | - |
| 7 | Global Innovative Platforms | 24.88 Mn | 24.63 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 673.00 Mn |
| Mar 31, 2026 | 641.00 Mn |
| Dec 31, 2025 | 712.00 Mn |
| Sep 30, 2025 | 683.00 Mn |
| Jun 30, 2025 | 664.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 707.00 Mn |
| Sep 30, 2024 | 701.00 Mn |
| Jun 30, 2024 | 668.00 Mn |
| Mar 31, 2024 | 643.00 Mn |
| Dec 31, 2023 | 728.00 Mn |
| Sep 30, 2023 | 638.00 Mn |
| Jun 30, 2023 | 607.00 Mn |
| Mar 31, 2023 | 588.00 Mn |
| Dec 31, 2022 | 653.00 Mn |
| Sep 30, 2022 | 607.00 Mn |
| Jun 30, 2022 | 625.00 Mn |
| Mar 31, 2022 | 569.00 Mn |
| Dec 31, 2021 | 600.00 Mn |
| Sep 30, 2021 | 586.00 Mn |