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
DateValue
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