Zoetis (ZTS) Shares Outstanding (Diluted) (2012 - 2026)
Zoetis (ZTS) recorded Shares Outstanding (Diluted) of 417.7 million in Q2 2026, down 6.2% from 445.5 million a year earlier and down 1.1% from the prior quarter.
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Analysis
Zoetis (ZTS) Shares Outstanding (Diluted) (2012 - 2026) Analysis & Trends
For FY2025, Zoetis reported Shares Outstanding (Diluted) of 443.84 million, down 2.4% from FY2024.
- Annual Shares Outstanding (Diluted) has declined for ten straight years, with a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 454.85 million in FY2024 (-1.6%), 462.27 million in FY2023 (-1.7%), 470.39 million in FY2022 (-1.3%) and 476.72 million in FY2021 (-0.4%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding (Diluted) in data going back to Q1 2012.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined for 42 consecutive quarters, with an average decline of 3.1% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding (Diluted) ranged from 0.4% (Q4 2021) to 6.2% (Q2 2026).
- Per Business Quant, the preceding three quarters came in at 422.4 million (Q1 2026), 443.84 million (Q4 2025) and 443.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 2.44 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 1.77 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 2.47 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 1.96 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 1.56 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 544.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 1.24 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 5.70 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 255.20 Mn |
| 10 | Zoetis | 28.92 Bn | 20.77 Bn | 1.05 Bn | 417.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 417.70 Mn |
| Mar 31, 2026 | 422.40 Mn |
| Dec 31, 2025 | 443.84 Mn |
| Sep 30, 2025 | 443.20 Mn |
| Jun 30, 2025 | 445.50 Mn |
| Mar 31, 2025 | 448.00 Mn |
| Dec 31, 2024 | 454.85 Mn |
| Sep 30, 2024 | 453.50 Mn |
| Jun 30, 2024 | 456.00 Mn |
| Mar 31, 2024 | 458.80 Mn |
| Dec 31, 2023 | 462.27 Mn |
| Sep 30, 2023 | 461.40 Mn |
| Jun 30, 2023 | 462.90 Mn |
| Mar 31, 2023 | 464.60 Mn |
| Dec 31, 2022 | 470.39 Mn |
| Sep 30, 2022 | 469.10 Mn |
| Jun 30, 2022 | 471.50 Mn |
| Mar 31, 2022 | 474.10 Mn |
| Dec 31, 2021 | 476.72 Mn |
| Sep 30, 2021 | 476.30 Mn |
API Access
Zoetis Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=ZTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=ZTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();