Zoetis (ZTS) Operating Margin (2012 - 2026)
Zoetis' Operating Margin came in at 33.91% for Q2 2026, down 3.68 percentage points from 37.59% a year earlier but up 3.10 percentage points from the prior quarter.
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Analysis
Zoetis (ZTS) Operating Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Zoetis reported Operating Margin of 23.54%, down 1.91 percentage points year-over-year; for FY2025, it came in at 36.32%, up 0.31 percentage points from FY2024.
- Operating Margin carries a five-year change of +2.67 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 36.01% in FY2024 (+2.43 pp), 33.58% in FY2023 (-0.39 pp), 33.97% in FY2022 (+0.88 pp) and 33.09% in FY2021 (-0.56 pp).
- The five-year range for quarterly Operating Margin is -10.02% (Q4 2021) to 37.59% (Q2 2025).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of -0.45 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q1 2024 (a gain of 3.82 percentage points), and the weakest in Q1 2026 (a drop of 4.63 percentage points).
- Business Quant data shows ZTS's Operating Margin at 30.81% (Q1 2026), -8.09% (Q4 2025) and 37.46% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 28.21% |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 37.86% |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | -3.52% |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 32.97% |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 20.57% |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 34.95% |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | -133.21% |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 28.37% |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 37.40% |
| 10 | Zoetis | 29.58 Bn | 21.43 Bn | 1.05 Bn | 33.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 33.91% |
| Mar 31, 2026 | 30.81% |
| Dec 31, 2025 | -8.09% |
| Sep 30, 2025 | 37.46% |
| Jun 30, 2025 | 37.59% |
| Mar 31, 2025 | 35.44% |
| Dec 31, 2024 | -9.15% |
| Sep 30, 2024 | 37.23% |
| Jun 30, 2024 | 36.93% |
| Mar 31, 2024 | 34.52% |
| Dec 31, 2023 | -8.31% |
| Sep 30, 2023 | 34.59% |
| Jun 30, 2023 | 33.90% |
| Mar 31, 2023 | 30.70% |
| Dec 31, 2022 | -9.17% |
| Sep 30, 2022 | 33.97% |
| Jun 30, 2022 | 33.43% |
| Mar 31, 2022 | 33.74% |
| Dec 31, 2021 | -10.02% |
| Sep 30, 2021 | 34.32% |
API Access
Zoetis Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ZTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();