• Zoetis average operating margin for 2024 was 33.46%, a 1.3% increase from 2023.
• Zoetis average operating margin for 2023 was 33.9%, a 5.05% decline from 2022.
• Zoetis average operating margin for 2022 was 32.27%, a 2.22% increase from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.