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Zoetis (ZTS) Operating Expenses (2016 - 2025)

Zoetis (ZTS) has disclosed Operating Expenses for 13 consecutive years, with $753.0 million as the latest value for Q3 2025.

  • On a quarterly basis, Operating Expenses rose 278.39% to $753.0 million in Q3 2025 year-over-year; TTM through Dec 2025 was $2.3 billion, a 89.45% increase, with the full-year FY2025 number at $817.0 million, up 21.76% from a year prior.
  • Operating Expenses was $753.0 million for Q3 2025 at Zoetis, down from $789.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $789.0 million in Q2 2025 to a low of $33.0 million in Q4 2022.
  • A 5-year average of $425.7 million and a median of $371.5 million in 2021 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: soared 443.59% in 2021, then crashed 95.51% in 2022.
  • Zoetis' Operating Expenses stood at $735.0 million in 2021, then plummeted by 95.51% to $33.0 million in 2022, then soared by 512.12% to $202.0 million in 2023, then plummeted by 61.39% to $78.0 million in 2024, then soared by 865.38% to $753.0 million in 2025.
  • Per Business Quant, the three most recent readings for ZTS's Operating Expenses are $753.0 million (Q3 2025), $789.0 million (Q2 2025), and $720.0 million (Q1 2025).