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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.47B | $2.26B | $2.39B | $2.40B | $2.47B | $2.20B | $2.32B | $2.39B |
| Cost of revenue | $673.00M | $641.00M | $712.00M | $683.00M | $664.00M | $618.00M | $707.00M | $701.00M |
| Gross profit | $1.80B | $1.62B | $1.68B | $1.72B | $1.81B | $1.58B | $1.61B | $1.69B |
| Gross margin | 72.7% | 71.7% | 70.2% | 71.5% | 73.2% | 71.9% | 69.5% | 70.6% |
| Research and development | $173.00M | $180.00M | $199.00M | $170.00M | $166.00M | $162.00M | $186.00M | $167.00M |
| Selling, general and administrative | $592.00M | $588.00M | $619.00M | $579.00M | $614.00M | $574.00M | $625.00M | $565.00M |
| Operating expenses | $873.00M | $821.00M | $866.00M | $785.00M | $843.00M | $768.00M | $847.00M | $772.00M |
| Operating income | $922.00M | $800.00M | $809.00M | $932.00M | $967.00M | $812.00M | $763.00M | $915.00M |
| Operating margin | 37.4% | 35.4% | 33.9% | 38.8% | 39.1% | 36.9% | 32.9% | 38.3% |
| EBITDA | $1.12B | $941.00M | $947.00M | $1.06B | $1.12B | $931.00M | $888.00M | $1.04B |
| Interest expense | −$61.00M | −$62.00M | −$57.00M | −$58.00M | −$53.00M | −$54.00M | −$51.00M | −$57.00M |
| Income before taxes | $866.00M | $758.00M | $761.00M | $887.00M | $912.00M | $773.00M | $732.00M | $874.00M |
| Income taxes | $175.00M | $157.00M | $158.00M | $166.00M | $186.00M | $171.00M | $151.00M | $182.00M |
| Net income | $691.00M | $601.00M | $603.00M | $721.00M | $726.00M | $602.00M | $581.00M | $692.00M |
| Net margin | 28.0% | 26.6% | 25.3% | 30.0% | 29.3% | 27.4% | 25.1% | 29.0% |
| EPS, basic | $1.65 | $1.42 | $1.38 | $1.63 | $1.63 | $1.34 | $1.29 | $1.51 |
| EPS, diluted | $1.65 | $1.42 | $1.37 | $1.63 | $1.63 | $1.34 | $1.29 | $1.50 |
| Diluted shares | 417.70M | 422.40M | 438.64M | 443.20M | 445.50M | 448.00M | 451.09M | 453.50M |
Figures describe Zoetis shares, not any token. As of Aug 6, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.