Filing Flows › Zoetis (ZTS) › Operating margin
Zoetis (ZTS) operating margin by quarter
Zoetis' operating margin was 30.5% in Q3 2026 (third quarter 2026), -4.6 pts from Q2 2026. Over the last 7 quarters it ranged from 30.5% (Q3 2026) to 36.9% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.5% | -4.6 pts | -6.1 pts |
| Q2 2026 | 35.1% | +1.6 pts | -1.8 pts |
| Q1 2026 | 33.5% | +0.3 pts | -1.7 pts |
| Q4 2025 | 33.2% | -3.3 pts | — |
| Q3 2025 | 36.6% | -0.3 pts | — |
| Q2 2025 | 36.9% | +1.7 pts | — |
| Q1 2025 | 35.2% | — | — |
Q3 2026 at a glance
Zoetis, Q3 2026: revenue $2.4B (-1% year over year), operating margin 30.5%, net earnings $591M, operating cash flow $824M. The chart follows the revenue to costs, profit and cash.
Questions
What is Zoetis' operating margin?
Zoetis' operating margin was 30.5% in Q3 2026 (third quarter 2026), -4.6 pts from Q2 2026.
How has Zoetis' operating margin changed?
Over the last 7 quarters it ranged from 30.5% (Q3 2026) to 36.9% (Q2 2025).