Direct Answer
Zoetis reports revenue across 2 business segments in its fiscal 2025 Form 10-K. United States is the largest, with $5.1 billion of revenue (54% of the total), followed by International at $4.3 billion (45%). 54% of revenue came from the United States.
How Does Zoetis Make Money?
No single line supplies a majority of revenue: the largest, United States, is 54%, which spreads Zoetis's exposure across several demand drivers. Between fiscal 2024 and 2025, International grew fastest (+3.7%) and United States slowest (+0.5%), so the revenue mix tilts toward International while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $5.1 billion | $5.1 billion | 53.8% | 0.5% |
| International | $4.3 billion | $4.1 billion | 44.9% | 3.7% |
Where Does Zoetis's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $5.1 billion | $5.1 billion | 53.8% | 0.5% |
| Other Developed Markets | $641 million | $564 million | 6.8% | 13.7% |
| Brazil | $393 million | $414 million | 4.2% | -5.1% |
| Australia | $329 million | $319 million | 3.5% | 3.1% |
| Canada | $290 million | $277 million | 3.1% | 4.7% |
| Germany | $236 million | $225 million | 2.5% | 4.9% |
| China | $227 million | $270 million | 2.4% | -15.9% |
| France | $165 million | $156 million | 1.7% | 5.8% |
| Mexico | $160 million | $169 million | 1.7% | -5.3% |
| Japan | $154 million | $147 million | 1.6% | 4.8% |
| Spain | $145 million | $130 million | 1.5% | 11.5% |
| Chile | $139 million | $123 million | 1.5% | 13.0% |
| Italy | $137 million | $129 million | 1.4% | 6.2% |
What the Segment Figures Do Not Show
The rows above add up to 99% of Zoetis's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Zoetis reported in the segment note and revenue disclosures of its Form 10-K filed February 12, 2026 (accession 0001555280-26-000011), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Zoetis's business segments?
In its fiscal 2025 Form 10-K, Zoetis reports revenue for United States and International.
Which part of Zoetis brings in the most revenue?
United States, with $5.1 billion of revenue in fiscal 2025, or 54% of the total.
How much of Zoetis's revenue comes from outside the United States?
46% in fiscal 2025, by the geographic breakdown Zoetis reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.