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Zoetis ZTS Q1 2026 earnings

Reported May 7, 2026 · Before market open

Revenue$2.3BMiss by $39.4MDiluted EPS$1.53Miss by $0.07
Revenue estimate$2.3B
EPS estimate$1.60

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$2.5B
EPS estimate$1.85

Financials

Q1 2026

Income statement

See full
Revenue$2.3B+2.9%
Gross profit$1.6B+2.6%
Net income$601.0M-0.2%
EPS (diluted)$1.42+6.0%

Balance sheet

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Cash & equivalents$1.9B+8.9%
Total debt$10.0B+48.0%
Total equity$3.2B-30.5%
Total assets$15.2B+7.5%

Cash flow

See full
Operating cash flow$401.0M-22.1%
CapEx$110.0M-38.2%
Free cash flow$291.0M-13.6%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$31.48B-32.3%
Enterprise value$39.53B-26.4%
P/E11.9×-6.8×
P/S3.3×-1.7×

Profitability

See full
Gross margin71.8%+0.8pp
Net margin27.8%+0.9pp
FCF margin23.5%0.0pp

Returns & leverage

See full
Return on equity67%+15.8pp
Debt / equity3.1×+1.6×
Current ratio3.2×+1.4×

Segments

By product

See full
Parasiticides$586.0M+2.4%
Vaccines$519.0M+18.2%
Dermatology$349.0M-7.9%
Anti-infectives$241.0M+1.3%
Pain and sedation$203.0M-1.9%

By segment

See full
International$1.1B+16.6%
U.S.$1.1B-7.9%

Versus estimates

Revenue

Q1 2026$2.3BMiss by $39.4M
Q4 2025$2.4BBeat by $27.0MQ3 2025$2.4BMiss by $10.0MQ2 2025$2.5BBeat by $50.5MQ1 2025$2.2BBeat by $30.1MQ4 2024$2.3BBeat by $19.8M

Diluted EPS

Q1 2026$1.53Miss by $0.07
Q4 2025$1.48Beat by $0.08Q3 2025$1.70Beat by $0.08Q2 2025$1.76Beat by $0.14Q1 2025$1.48Beat by $0.07Q4 2024$1.40Beat by $0.03

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Questions, answered.

When did Zoetis report Q1 2026 earnings?
Zoetis (ZTS) reported Q1 2026 earnings on May 7, 2026 before market open.
What were Zoetis's Q1 2026 revenue and EPS?
Zoetis reported revenue of $2.3B and diluted EPS of $1.53 for Q1 2026.
Did Zoetis beat estimates in Q1 2026?
Revenue missed the consensus estimate of $2.3B by $39.4M. EPS missed the consensus estimate of $1.60 by $0.07.
How did Zoetis's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.9% from $2.2B a year earlier and diluted EPS grew 3.4% from $1.48.
Where can I find Zoetis's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001555280-26-000021) and the 10-Q periodic report (0001555280-26-000024) directly on SEC EDGAR. The filing index links above go to sec.gov.