• Zoetis average pre-tax profit margin for 2023 was 33.9%, a 5.05% decline from 2022.
• Zoetis average pre-tax profit margin for 2022 was 32.27%, a 2.22% increase from 2021.
• Zoetis average pre-tax profit margin for 2021 was 31.57%, a 3.88% increase from 2020.

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