Buyback Radar
Company reports

Zoetis

ZTS

Zoetis has retired 17.5% of its shares since 2014, from 500,787,817 to 413,223,602.

17.5%retired since 2014
12.7%last 5 years
6.2%last 12 months
413Mshares today
Shares outstanding, 2012 to todaysplit adjusted, from SEC filings
501M shares, 2014413M201520202025
2012, 500,000,0002026-07-31, 413,223,602

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2012
1.2× more of Zoetis today, without buying another share. It was one of 500,000,000 shares then. It is one of 413,223,602 now.
Every filing we read14 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20122012-12-31500,000,00010-Kfiscal-year average
20132014-03-19500,729,42910-K
20142015-02-23500,787,81710-K
20152016-02-19497,155,53210-K
20162017-02-10491,964,06410-K
20172018-02-09485,253,71310-K
20182019-02-08478,771,91510-K
20192020-02-07474,933,94510-K
20202021-02-11475,166,37310-K
20212022-02-11471,970,58010-K
20222023-02-10463,386,71610-K
20232024-02-09457,867,11510-K
20242025-02-07447,791,91710-K
20252026-02-06422,127,70910-K

Source: all 10-K filings of Zoetis on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2015cash flow statement against share count
$11.1Bspent on buybacks
88Mfewer shares outstanding
9.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $79.38.

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Zoetis buybacks, answered

Is Zoetis buying back its stock?

Yes. Zoetis has 6.2% fewer shares outstanding than twelve months ago, 413,223,602 as of July 31, 2026. Over five years the share count is down 12.7%.

How many shares has Zoetis bought back?

Net of every new share it issued, Zoetis has 87.6 million fewer shares than at its 2014 peak. That is 17.5% of the company.

How many shares does Zoetis have outstanding?

413,223,602 shares, as of July 31, 2026, from the cover page of its latest 10-Q. At the 2014 peak it had 500,787,817.

What do Zoetis' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Zoetis stock in 2014 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Zoetis compare with other cannibal stocks?

Zoetis ranks No. 228 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Yum! Brands (17.9%), Howmet Aerospace (17.8%), Church & Dwight (16.8%), NOV (16.8%).

Every answer is computed from Zoetis' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Tom GaynerMarkel Group66,195 shares, $4.8M, Q2 2026
Tweedy BrowneTweedy, Browne556,056 shares, $40.0M, Q2 2026
Polen CapitalPolen Capital Management320,420 shares, $23.0M, Q2 2026
Ruane CunniffRuane, Cunniff & Goldfarb2,353,300 shares, $169.1M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

DAMELIO FRANK ADirector2026-05-13, 6,650 shares at $75.39 $501K total
Bisaro PaulDirector2026-05-13, 2,000 shares at $75.88 $152K total
MCCALLISTER MICHAEL BDirector2026-05-11, 3,000 shares at $77.76 $233K total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Zoetis in depth on Cannibal Stocks.

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