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 | Eli Lilly | 1,135.99 Bn | 1,104.58 Bn | 19.71 Bn | 51.16% |
| 2 | Johnson & Johnson | 616.90 Bn | 535.42 Bn | 17.26 Bn | 28.21% |
| 3 | AbbVie | 501.56 Bn | 474.68 Bn | 12.70 Bn | 37.86% |
| 4 | Merck | 367.41 Bn | 321.79 Bn | 12.21 Bn | -3.52% |
| 5 | Novartis Ag | 297.75 Bn | 261.74 Bn | 11.24 Bn | 32.97% |
| 6 | Astrazeneca | 261.45 Bn | 235.13 Bn | 12.86 Bn | 20.57% |
| 7 | Amgen | 236.48 Bn | 191.88 Bn | 7.24 Bn | 34.95% |
| 8 | Gilead Sciences | 190.56 Bn | 164.76 Bn | 6.22 Bn | -133.21% |
| 9 | Pfizer | 169.46 Bn | 116.11 Bn | 10.94 Bn | 28.37% |
| 10 | Zoetis | 33.11 Bn | 24.96 Bn | 1.80 Bn | 38.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.61% |
| Mar 31, 2026 | 36.74% |
| Dec 31, 2025 | 35.19% |
| Sep 30, 2025 | 40.17% |
| Jun 30, 2025 | 40.42% |
| Mar 31, 2025 | 38.40% |
| Dec 31, 2024 | 34.40% |
| Sep 30, 2024 | 39.78% |
| Jun 30, 2024 | 38.08% |
| Mar 31, 2024 | 38.08% |
| Dec 31, 2023 | 33.35% |
| Sep 30, 2023 | 38.12% |
| Jun 30, 2023 | 39.59% |
| Mar 31, 2023 | 37.20% |
| Dec 31, 2022 | 35.44% |
| Sep 30, 2022 | 37.66% |
| Jun 30, 2022 | 37.13% |
| Mar 31, 2022 | 41.69% |
| Dec 31, 2021 | 32.13% |
| Sep 30, 2021 | 38.14% |
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();