Zoetis (ZTS) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the same quarter last year but declined slightly from the preceding quarter. The year-over-year growth was driven by higher sales, while the sequential decrease reflects a modest softening in the period.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the same quarter last year but declined slightly from the preceding quarter. The year-over-year growth was driven by higher sales, while the sequential decrease reflects a modest softening in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
-1.3%
Change from the immediately preceding quarter.
Year-over-year
+7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2B | +3.7% |
| Mar 31, 2023 | $2B | +0.7% |
| Jun 30, 2023 | $2.2B | +6.2% |
| Sep 30, 2023 | $2.2B | +7.4% |
Revenue performance
The reported revenue rose from the same quarter a year earlier, marking continued year-over-year expansion. However, the figure contracted versus the immediately preceding quarter, indicating a quarter-over-quarter pullback.
Quarterly comparison
Compared to the prior quarter, revenue edged lower, reversing the growth trend seen in recent periods. Versus the same quarter one year ago, revenue showed a solid increase, consistent with the positive year-over-year trajectory of prior quarters.
What to watch
Monitor whether the sequential revenue decline signals a broader demand shift or a temporary fluctuation in the company's performance.