• Zoetis average pre-tax profit margin for 2023 was 34.36%, a 6.11% decline from 2022.
• Zoetis average pre-tax profit margin for 2022 was 32.38%, a 2.15% increase from 2021.
• Zoetis average pre-tax profit margin for 2021 was 31.7%, a 4.07% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.