Filing Flows › Zoetis (ZTS) › Q3 2025
Zoetis (ZTS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Zoetis (ZTS) reported revenue of $2.4B for the third quarter 2025 (Q3 2025), +1% from a year earlier and -2% from the quarter before. Operating margin was 36.6%, net earnings $721M (29.8% of revenue).
Zoetis, Q3 2025: revenue $2.4B (+1% year over year), operating margin 36.6%, net earnings $721M, operating cash flow $936M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -2% | +1% |
| Operating profit | $886M | -3% | +1% |
| Net earnings | $721M | -0.7% | +4% |
| Operating cash flow | $936M | +76% | -2% |
| Free cash flow | $798M | +123% | +2% |
What changed
Revenue was $2.4B in Q3 2025, up 1% year over year and down 2% from the previous quarter.
Operating profit was $0.89B, a 36.6% margin (unchanged year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, below the 37% margin then. Total costs grew 1% against revenue growth of 1%. Net earnings were $0.72B, up 6% year over year. The effective tax rate was 18.6%.
Operating cash flow was $0.94B (down 2% year over year), 130% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.14B left free cash flow of $0.80B.
Questions
What was Zoetis' revenue in the third quarter 2025?
Zoetis (ZTS) reported revenue of $2.4B for the third quarter 2025 (Q3 2025), +1% from a year earlier and -2% from the quarter before.
Was Zoetis profitable in the third quarter 2025?
Operating profit was $886M (36.6% of revenue) and net earnings $721M.
Source: Zoetis 10-Q on SEC EDGAR.