Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
A franchise shrank sharply, yet total sales held
Dermatology lost 15.9% of its sales, yet parasiticides, vaccines, anti-infectives and diagnostics held total revenue almost flat.
For investorsCan the growing lines keep covering the dermatology decline?
For foundersSelling through the expert who recommends
Net income fell 4.8%, yet diluted earnings per share rose because the share count shrank after buybacks.
Free cash flow was $538M against $459M a year earlier, as capital spending fell and more profit turned into cash.
Charges rose to $77M from $30M, roughly the amount by which pretax income fell, while overhead costs declined.
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Business Lens describes Zoetis from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.