Zoetis (ZTS) r&d spend was $698M in FY2025 (+2% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$698M
+2%
2024
$686M
+12%
2023
$614M
+14%
2022
$539M
+6%
2021
$508M
+10%
2020
$463M
+1%
2019
$457M
+6%
2018
$432M
+13%
2017
$382M
+2%
2016
$376M
+3%
2015
$364M
-8%
2014
$396M
-1%
2013
$399M
-2%
2012
$409M
-4%
2011
$427M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$173M
Q1 2026
$180M
Q4 2025
$199M
Q3 2025
$170M
Q2 2025
$166M
Q1 2025
$162M
Q4 2024
$186M
Q3 2024
$167M
Q2 2024
$171M
Q1 2024
$162M
Q4 2023
$174M
Q3 2023
$152M
Source: ZTS on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.