Zoetis reported a 1% revenue decline and an 18% net income decline for the three months ended September 30, 2026. U.S. revenue fell 6%, while international revenue rose 4%.
ZTS · Zoetis Inc.
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Zoetis reported third-quarter revenue of $2.4 billion, down 1%, and adjusted EPS of $1.75, up 1%. Full-year revenue guidance narrowed to $9.22 to $9.32 billion, while adjusted net income guidance rose to $2.6 to $2.64 billion and adjusted diluted EPS to $6.25 to $6.35.
Zoetis reported revenue of $2.4 billion, down 1%, and adjusted diluted EPS of $1.75, up 3%. It narrowed full year 2026 revenue guidance and raised adjusted diluted EPS guidance to $6.25 to $6.35.
Zoetis Inc. appointed Iris Knobloch to its Board effective as of December 1, 2026, increasing board membership from twelve to thirteen and assigning her to the Corporate Governance Committee.
Zoetis Inc. declared a dividend of $0.53 per share for the fourth quarter of 2026, payable December 1, 2026, to shareholders of record at the close of business on October 30, 2026.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Aug 6, 2026TL;DR. Zoetis reported a Q2 miss with revenue and adjusted net income declining 1% and 2% organically amid U.S. companion animal weakness, and sharply cut full-year guidance to a (3)% to (1)% organic revenue decline and (9)% to (5)% adjusted net income decline, while livestock and diagnostics continued to grow strongly.
- + Livestock delivered 11% organic revenue growth in Q2 with U.S. livestock up 23%, supported by cattle and poultry
- + International revenue grew 6% organically with emerging markets providing broad-based strength and Simparica Trio international up 34%
- + Company repurchased over $550 million of shares in Q2, exceeding historical quarterly average, reflecting confidence and commitment to shareholder returns
- + Adjusted SG&A declined 4% operationally reflecting cost and productivity discipline across the organization
- + Lenivia and Portela long-acting OA pain therapies launched in EU and Canada with encouraging early experience
- − Full-year 2026 organic revenue guidance cut to (3)% to (1)% from prior 2% to 5%, and adjusted net income cut to (9)% to (5)% from prior 2% to 6%
- − U.S. revenue declined 7% and U.S. companion animal declined 11% in Q2 on softer clinic visits and heightened competition
- − U.S. Key Dermatology revenue declined 18% with in-clinic share down 10 points year-over-year amid new competitive entrants
- − U.S. Simparica franchise declined 6% reflecting softer flea, tick, and heartworm visits and a more competitive and promotional environment
- − Adjusted gross margin declined approximately 40 basis points reported and price expected to be flat to down 1-2% for the year as gross-to-net investments accelerate to defend share
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Non-GAAP adjusted EPS—diluted non-GAAP | $1.87 | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP reported EPS attributable to Zoetis—diluted $1.65
+$0.06 Purchase accounting adjustments—net of tax
+$0 Acquisition and divestiture-related costs—net of tax
+$0.16 Certain significant items—net of tax
= Non-GAAP adjusted EPS—diluted $1.87
|
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Drug Manufacturers - Specialty & Generic — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ZTS
this stock
Zoetis Inc.
|
$34.06B | -33.4% | +2.3% | 14.1 | 4.1% |
|
TAK
Takeda Pharmaceutical Co Ltd
|
$68.47B | +37.5% | — | — | 0.1% |
|
GALDY
Galderma Group AG
|
$53.23B | +10.1% | — | — | 0.0% |
|
TEVA
Teva Pharmaceutical Industries Ltd
|
$51.92B | +42.6% | +4.3% | 101.1 | 2.4% |
|
JHPCY
Jiangsu Hengrui Pharmaceuticals Co., Ltd.
|
$40.66B | — | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 23
Zoetis reported revenue of $2.4 billion, down 1%, and adjusted diluted EPS of $1.75, up 3%. It narrowed full year 2026 revenue guidance and raised adjusted diluted EPS guidance to $6.25 to $6.35.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ZTS | +5.6% | +5.6% | +4.5% | +5.1% | -33.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +3.0% | +6.8% | +4.0% | +5.3% | -44.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.