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Revenue (Tables)
6 Months Ended
Jun. 30, 2025
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue from External Customers by Geographic Areas
The following tables present our revenue disaggregated by geographic area, species and major product category:
Revenue by geographic area
Three Months EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2025202420252024
United States$1,356 $1,308 $2,539 $2,471 
Australia83 83 158 156 
Brazil93 99 181 200 
Canada73 75 140 136 
Chile36 31 70 62 
China72 68 132 144 
France33 34 73 75 
Germany58 58 109 109 
Italy38 36 67 64 
Japan45 39 81 76 
Mexico38 46 75 90 
Spain37 33 70 65 
United Kingdom77 73 154 150 
Other developed markets162 138 295 265 
Other emerging markets225 222 473 450 
2,426 2,343 4,617 4,513 
Contract manufacturing & human health34 18 63 38 
Total Revenue$2,460 $2,361 $4,680 $4,551 
Revenue from External Customers by Major Species
Revenue by major species
Three Months EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2025202420252024
U.S.
Companion animal$1,176 $1,080 $2,149 $1,978 
Livestock180 228 390 493 
1,356 1,308 2,539 2,471 
International
Companion animal612 569 1,185 1,121 
Livestock458 466 893 921 
1,070 1,035 2,078 2,042 
Total
Companion animal1,788 1,649 3,334 3,099 
Livestock638 694 1,283 1,414 
Contract manufacturing & human health34 18 63 38 
Total Revenue$2,460 $2,361 $4,680 $4,551 
Revenue from External Customers by Species
Revenue by species
Three Months EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2025202420252024
Companion Animal:
Dogs and Cats$1,716 $1,581 $3,197 $2,965 
Horses72 68 137 134 
1,788 1,649 3,334 3,099 
Livestock:
Cattle320 350 678 741 
Swine119 130 230 257 
Poultry103 132 209 271 
Fish74 62 127 107 
Sheep and other22 20 39 38 
638 694 1,283 1,414 
Contract manufacturing & human health34 18 63 38 
Total Revenue$2,460 $2,361 $4,680 $4,551 
Schedule of Significant Product Revenues
Revenue by major product category
Three Months EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2025202420252024
Parasiticides$673 $600 $1,235 $1,104 
Vaccines504 445 951 897 
Dermatology463 418 853 781 
Anti-infectives219 264 468 545 
Pain and sedation217 221 427 415 
Other pharmaceutical172 153 331 309 
Animal health diagnostics110 103 213 185 
Other non-pharmaceutical63 65 129 126 
Medicated feed additives5 74 10 151 
2,426 2,343 4,617 4,513 
Contract manufacturing & human health34 18 63 38 
Total Revenue$2,460 $2,361 $4,680 $4,551