Zoetis Inc. ZTS

Revenue Intelligence Report • 58 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-06-30

Zoetis Inc.'s latest quarterly revenue is $2.5B for the period ending 2026-06-30. The model projects $9.8B across the next four quarters (+2.9% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 1.7%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The GAM forecast is based on reported revenue and SG&A data through 2026-06-30. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$9.79B
+2.9% YoY
SG&A Elasticity
-0.35x
Training Fit
2.3% MAPE
Retrospective holdout (Q2 FY2026): The model predicted $2.43B vs the actual $2.47B — an error of 1.7%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.
⚠ Model limitation: One or more estimated spending associations are negative. These observational coefficients do not establish a causal return on spending.
Note: Zoetis Inc. does not report R&D expenses separately. The model uses the available expense measure without a separate R&D term.

Revenue Forecast

ZTS Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 FY2026
Period end 2026-06-30		 $2.43B $2.47B $2.26B–$2.61B -1.9% ✓ In range
Q3 FY2026
Period end 2026-09-30		 $2.41B $2.23B–$2.60B +0.4%
Q4 FY2026
Period end 2026-12-31		 $2.45B $2.27B–$2.66B +2.8%
Q1 FY2027
Period end 2027-03-31		 $2.44B $2.24B–$2.66B +8.0%
Q2 FY2027
Period end 2027-06-30		 $2.49B $2.27B–$2.72B +0.7%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Zoetis Inc.'s systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Jan–Mar) 0.9899 -1.0% In line with trend 15
FQ2 (Apr–Jun) 0.9975 -0.2% In line with trend 14
FQ3 (Jul–Sep) 1.0137 +1.4% In line with trend 14
FQ4 (Oct–Dec) 0.9931 -0.7% In line with trend 14

Spending and Revenue

ZTS Spending Timing
Reading this chart: Each line shows the cumulative revenue association with a 1% change in spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 58 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: 0.2042x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.
Enhanced forecast: The time-varying model (GAM) was selected using training fit, before evaluating the withheld quarter. Its holdout error is -1.7%.

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Data sourced from SEC EDGAR XBRL filings. SEC source data. Forecast model: GAM; spending associations: ARDL (log-log) with 58 quarters. This analysis is for informational purposes only and does not constitute investment advice.