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PFIZER INC

EDGAR
PFE Quarterly report (10-Q) · filed 2026-08-04

Annual consolidated revenue for 2025: about USD 62.58B, using the latest reported figures. The previous period, 2024, was about USD 63.63B.

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Watchlist

Latest quarter

Revenue

15 billion USD

2026-06-28 · USD

Exact inputs and evidence
  • Revenue: 15034000000 USD Source

Net margin

-1.65%

2026-06-28 · %

Exact inputs and evidence
  • Net Income: -248000000 USD Source
  • Revenue: 15034000000 USD Source

Operating cash flow

835 million USD

2026-06-28 · USD

Exact inputs and evidence
  • Operating Cash Flow: 3450000000 USD Source
  • Operating Cash Flow: 2615000000 USD Source

Free cash flow

302 million USD

2026-06-28 · USD

Exact inputs and evidence
  • Operating Cash Flow: 3450000000 USD Source
  • Operating Cash Flow: 2615000000 USD Source
  • Capital Expenditure: 969000000 USD Source
  • Capital Expenditure: 436000000 USD Source
Cash and cash equivalents
976 million USD Source
Exact value

976000000 USD

Long-term debt including current maturities
4 billion USD Source
Exact value

4000000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

63.7 billion USD

2025-06-30 – 2026-06-28

Exact inputs and evidence
  • Revenue: 16654000000 USD · 2025-06-30 – 2025-09-28 Source
  • Revenue: 62579000000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 45022000000 USD · 2025-01-01 – 2025-09-28 Source
  • Revenue: 14451000000 USD · 2026-01-01 – 2026-03-29 Source
  • Revenue: 15034000000 USD · 2026-03-30 – 2026-06-28 Source

Net income

4.33 billion USD

2025-06-30 – 2026-06-28

Exact inputs and evidence
  • Net income: 3541000000 USD · 2025-06-30 – 2025-09-28 Source
  • Net income: 7771000000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: 9419000000 USD · 2025-01-01 – 2025-09-28 Source
  • Net income: 2687000000 USD · 2026-01-01 – 2026-03-29 Source
  • Net income: -248000000 USD · 2026-03-30 – 2026-06-28 Source

Operating cash flow

13.4 billion USD

2025-06-30 – 2026-06-28

Exact inputs and evidence
  • Operating cash flow: 6356000000 USD · 2025-01-01 – 2025-09-28 Source
  • Operating cash flow: 1753000000 USD · 2025-01-01 – 2025-06-29 Source
  • Operating cash flow: 11704000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 6356000000 USD · 2025-01-01 – 2025-09-28 Source
  • Operating cash flow: 2615000000 USD · 2026-01-01 – 2026-03-29 Source
  • Operating cash flow: 3450000000 USD · 2026-01-01 – 2026-06-28 Source
  • Operating cash flow: 2615000000 USD · 2026-01-01 – 2026-03-29 Source

Capital expenditure

2.42 billion USD

2025-06-30 – 2026-06-28

Exact inputs and evidence
  • Capital expenditure: 1784000000 USD · 2025-01-01 – 2025-09-28 Source
  • Capital expenditure: 1182000000 USD · 2025-01-01 – 2025-06-29 Source
  • Capital expenditure: 2629000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 1784000000 USD · 2025-01-01 – 2025-09-28 Source
  • Capital expenditure: 436000000 USD · 2026-01-01 – 2026-03-29 Source
  • Capital expenditure: 969000000 USD · 2026-01-01 – 2026-06-28 Source
  • Capital expenditure: 436000000 USD · 2026-01-01 – 2026-03-29 Source

Free cash flow

11 billion USD

2025-06-30 – 2026-06-28

Exact inputs and evidence
  • Operating cash flow: 6356000000 USD · 2025-01-01 – 2025-09-28 Source
  • Operating cash flow: 1753000000 USD · 2025-01-01 – 2025-06-29 Source
  • Operating cash flow: 11704000000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 6356000000 USD · 2025-01-01 – 2025-09-28 Source
  • Operating cash flow: 2615000000 USD · 2026-01-01 – 2026-03-29 Source
  • Operating cash flow: 3450000000 USD · 2026-01-01 – 2026-06-28 Source
  • Operating cash flow: 2615000000 USD · 2026-01-01 – 2026-03-29 Source
  • Capital expenditure: 1784000000 USD · 2025-01-01 – 2025-09-28 Source
  • Capital expenditure: 1182000000 USD · 2025-01-01 – 2025-06-29 Source
  • Capital expenditure: 2629000000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 1784000000 USD · 2025-01-01 – 2025-09-28 Source
  • Capital expenditure: 436000000 USD · 2026-01-01 – 2026-03-29 Source
  • Capital expenditure: 969000000 USD · 2026-01-01 – 2026-06-28 Source
  • Capital expenditure: 436000000 USD · 2026-01-01 – 2026-03-29 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-04.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2020-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -1.6%

    Prior period

    USD 63.63 billion

    –

    Current period

    USD 62.58 billion

    –

    Exact inputs and evidence

    62579000000 − 63627000000 = -1048000000 USD

    63627000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    62579000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -3.2%

    Prior period

    USD 8.03 billion

    –

    Current period

    USD 7.77 billion

    –

    Exact inputs and evidence

    7771000000 − 8031000000 = -260000000 USD

    8031000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7771000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -8.2%

    Prior period

    USD 12.74 billion

    –

    Current period

    USD 11.7 billion

    –

    Exact inputs and evidence

    11704000000 − 12744000000 = -1040000000 USD

    12744000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11704000000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -9.6%

    Prior period

    USD 2.91 billion

    –

    Current period

    USD 2.63 billion

    –

    Exact inputs and evidence

    2629000000 − 2909000000 = -280000000 USD

    2909000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2629000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 62.58 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 7.77 billion 12% of revenue

Cash

  • Operating cash flow USD 11.7 billion 19% of revenue
  • Capital expenditure USD 2.63 billion 4.2% of revenue
  • Free cash flow Derived USD 9.08 billion 15% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Not shown: operating income or net income is not reported.
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3152824000000 UnavailableUnavailableUnavailable7215000000 14369000000 Derived
Source
2017 2017-01-01 – 2017-12-3152546000000 UnavailableUnavailableUnavailable21308000000 14846000000 Derived
Source
2018 2018-01-01 – 2018-12-3140825000000 UnavailableUnavailableUnavailable11153000000 13843000000 Derived
Source
2019 2019-01-01 – 2019-12-3140905000000 UnavailableUnavailableUnavailable16026000000 10542000000 Derived
Source
2020 2020-01-01 – 2020-12-3141651000000 UnavailableUnavailableUnavailable9159000000 12177000000 Derived
Source
2021 2021-01-01 – 2021-12-3181288000000 UnavailableUnavailableUnavailable21979000000 29869000000 Derived
Source
2022 2022-01-01 – 2022-12-31101175000000 UnavailableUnavailableUnavailable31372000000 26031000000 Derived
Source
2023 2023-01-01 – 2023-12-3159553000000 UnavailableUnavailableUnavailable2119000000 4793000000 Derived
Source
2024 2024-01-01 – 2024-12-3163627000000 UnavailableUnavailableUnavailable8031000000 9835000000 Derived
Source
2025 2025-01-01 – 2025-12-3162579000000 UnavailableUnavailableUnavailable7771000000 9075000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 62.6B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.109.3B82.0B54.6B27.3B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue52824000000
2017Revenue52546000000
2018Revenue40825000000
2019Revenue40905000000
2020Revenue41651000000
2021Revenue81288000000
2022Revenue101175000000
2023Revenue59553000000
2024Revenue63627000000
2025Revenue62579000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-1.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.106%67%27%-13%-52%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year-0.5%
2018Year over year-22.3%
2019Year over year0.2%
2020Year over year1.8%
2021Year over year95.2%
2022Year over year24.5%
2023Year over year-41.1%
2024Year over year6.8%
2025Year over year-1.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 12.4% 2025
Free cash flow margin 14.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.44%33%22%11%0%2016-12-312021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Operating marginNot reported
2017-12-31Operating marginNot reported
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022-12-31Operating marginNot reported
2023-12-31Operating marginNot reported
2024-12-31Operating marginNot reported
2025-12-31Operating marginNot reported
2016Net margin13.7%
2017Net margin40.6%
2018Net margin27.3%
2019Net margin39.2%
2020Net margin22%
2021Net margin27%
2022Net margin31%
2023Net margin3.6%
2024Net margin12.6%
2025Net margin12.4%
2016Free cash flow margin27.2%
2017Free cash flow margin28.3%
2018Free cash flow margin33.9%
2019Free cash flow margin25.8%
2020Free cash flow margin29.2%
2021Free cash flow margin36.7%
2022Free cash flow margin25.7%
2023Free cash flow margin8%
2024Free cash flow margin15.5%
2025Free cash flow margin14.5%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 11.7B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.35.2B26.4B17.6B8.8B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow16192000000
2017Operating cash flow16802000000
2018Operating cash flow15827000000
2019Operating cash flow12588000000
2020Operating cash flow14403000000
2021Operating cash flow32580000000
2022Operating cash flow29267000000
2023Operating cash flow8700000000
2024Operating cash flow12744000000
2025Operating cash flow11704000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 9.1B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32.3B24.2B16.1B8.1B0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow14369000000
2017Free cash flow14846000000
2018Free cash flow13843000000
2019Free cash flow10542000000
2020Free cash flow12177000000
2021Free cash flow29869000000
2022Free cash flow26031000000
2023Free cash flow4793000000
2024Free cash flow9835000000
2025Free cash flow9075000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

58.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.70%53%35%18%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets65.1%
2017Liabilities / assets58.3%
2018Liabilities / assets60.2%
2019Liabilities / assets62.1%
2020Liabilities / assets58.9%
2021Liabilities / assets57.5%
2022Liabilities / assets51.4%
2023Liabilities / assets60.4%
2024Liabilities / assets58.6%
2025Liabilities / assets58.4%

Current assets to current liabilities

Current assets divided by current liabilities.

1.16× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.69×1.27×0.85×0.42×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.25×
2017Current assets / current liabilities1.35×
2018Current assets / current liabilities1.57×
2019Current assets / current liabilities0.88×
2020Current assets / current liabilities1.35×
2021Current assets / current liabilities1.4×
2022Current assets / current liabilities1.22×
2023Current assets / current liabilities0.91×
2024Current assets / current liabilities1.17×
2025Current assets / current liabilities1.16×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 7.22 billion
Exact value

Exact value: 7215000000 USD

2016-01-01 – 2016-12-31: 7215000000 USD Inspect Net Income Open source
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USD 16.19 billion
Exact value

Exact value: 16192000000 USD

2016-01-01 – 2016-12-31: 16192000000 USD Inspect Operating Cash Flow Open source
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USD 1.82 billion
Exact value

Exact value: 1823000000 USD

2016-01-01 – 2016-12-31: 1823000000 USD Inspect Capital Expenditure Open source
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USD 14.37 billion
Calculation and evidence

16192000000 − 1823000000 USD

Exact free cash flow: 14369000000 USD

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2017 2017-01-01 – 2017-12-31
USD 21.31 billion
Exact value

Exact value: 21308000000 USD

2017-01-01 – 2017-12-31: 21308000000 USD Inspect Net Income Open source
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USD 16.8 billion
Exact value

Exact value: 16802000000 USD

2017-01-01 – 2017-12-31: 16802000000 USD Inspect Operating Cash Flow Open source
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USD 1.96 billion
Exact value

Exact value: 1956000000 USD

2017-01-01 – 2017-12-31: 1956000000 USD Inspect Capital Expenditure Open source
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USD 14.85 billion
Calculation and evidence

16802000000 − 1956000000 USD

Exact free cash flow: 14846000000 USD

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2018 2018-01-01 – 2018-12-31
USD 11.15 billion
Exact value

Exact value: 11153000000 USD

2018-01-01 – 2018-12-31: 11153000000 USD Inspect Net Income Open source
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USD 15.83 billion
Exact value

Exact value: 15827000000 USD

2018-01-01 – 2018-12-31: 15827000000 USD Inspect Operating Cash Flow Open source
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USD 1.98 billion
Exact value

Exact value: 1984000000 USD

2018-01-01 – 2018-12-31: 1984000000 USD Inspect Capital Expenditure Open source
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USD 13.84 billion
Calculation and evidence

15827000000 − 1984000000 USD

Exact free cash flow: 13843000000 USD

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2019 2019-01-01 – 2019-12-31
USD 16.03 billion
Exact value

Exact value: 16026000000 USD

2019-01-01 – 2019-12-31: 16026000000 USD Inspect Net Income Open source
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USD 12.59 billion
Exact value

Exact value: 12588000000 USD

2019-01-01 – 2019-12-31: 12588000000 USD Inspect Operating Cash Flow Open source
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USD 2.05 billion
Exact value

Exact value: 2046000000 USD

2019-01-01 – 2019-12-31: 2046000000 USD Inspect Capital Expenditure Open source
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USD 10.54 billion
Calculation and evidence

12588000000 − 2046000000 USD

Exact free cash flow: 10542000000 USD

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2020 2020-01-01 – 2020-12-31
USD 9.16 billion
Exact value

Exact value: 9159000000 USD

2020-01-01 – 2020-12-31: 9159000000 USD Inspect Net Income Open source
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USD 14.4 billion
Exact value

Exact value: 14403000000 USD

2020-01-01 – 2020-12-31: 14403000000 USD Inspect Operating Cash Flow Open source
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USD 2.23 billion
Exact value

Exact value: 2226000000 USD

2020-01-01 – 2020-12-31: 2226000000 USD Inspect Capital Expenditure Open source
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USD 12.18 billion
Calculation and evidence

14403000000 − 2226000000 USD

Exact free cash flow: 12177000000 USD

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2021 2021-01-01 – 2021-12-31
USD 21.98 billion
Exact value

Exact value: 21979000000 USD

2021-01-01 – 2021-12-31: 21979000000 USD Inspect Net Income Open source
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USD 32.58 billion
Exact value

Exact value: 32580000000 USD

2021-01-01 – 2021-12-31: 32580000000 USD Inspect Operating Cash Flow Open source
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USD 2.71 billion
Exact value

Exact value: 2711000000 USD

2021-01-01 – 2021-12-31: 2711000000 USD Inspect Capital Expenditure Open source
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USD 29.87 billion
Calculation and evidence

32580000000 − 2711000000 USD

Exact free cash flow: 29869000000 USD

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2022 2022-01-01 – 2022-12-31
USD 31.37 billion
Exact value

Exact value: 31372000000 USD

2022-01-01 – 2022-12-31: 31372000000 USD Inspect Net Income Open source
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USD 29.27 billion
Exact value

Exact value: 29267000000 USD

2022-01-01 – 2022-12-31: 29267000000 USD Inspect Operating Cash Flow Open source
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USD 3.24 billion
Exact value

Exact value: 3236000000 USD

2022-01-01 – 2022-12-31: 3236000000 USD Inspect Capital Expenditure Open source
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USD 26.03 billion
Calculation and evidence

29267000000 − 3236000000 USD

Exact free cash flow: 26031000000 USD

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2023 2023-01-01 – 2023-12-31
USD 2.12 billion
Exact value

Exact value: 2119000000 USD

2023-01-01 – 2023-12-31: 2119000000 USD Inspect Net Income Open source
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USD 8.7 billion
Exact value

Exact value: 8700000000 USD

2023-01-01 – 2023-12-31: 8700000000 USD Inspect Operating Cash Flow Open source
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USD 3.91 billion
Exact value

Exact value: 3907000000 USD

2023-01-01 – 2023-12-31: 3907000000 USD Inspect Capital Expenditure Open source
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USD 4.79 billion
Calculation and evidence

8700000000 − 3907000000 USD

Exact free cash flow: 4793000000 USD

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2024 2024-01-01 – 2024-12-31
USD 8.03 billion
Exact value

Exact value: 8031000000 USD

2024-01-01 – 2024-12-31: 8031000000 USD Inspect Net Income Open source
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USD 12.74 billion
Exact value

Exact value: 12744000000 USD

2024-01-01 – 2024-12-31: 12744000000 USD Inspect Operating Cash Flow Open source
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USD 2.91 billion
Exact value

Exact value: 2909000000 USD

2024-01-01 – 2024-12-31: 2909000000 USD Inspect Capital Expenditure Open source
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USD 9.84 billion
Calculation and evidence

12744000000 − 2909000000 USD

Exact free cash flow: 9835000000 USD

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2025 2025-01-01 – 2025-12-31
USD 7.77 billion
Exact value

Exact value: 7771000000 USD

2025-01-01 – 2025-12-31: 7771000000 USD Inspect Net Income Open source
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USD 11.7 billion
Exact value

Exact value: 11704000000 USD

2025-01-01 – 2025-12-31: 11704000000 USD Inspect Operating Cash Flow Open source
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USD 2.63 billion
Exact value

Exact value: 2629000000 USD

2025-01-01 – 2025-12-31: 2629000000 USD Inspect Capital Expenditure Open source
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USD 9.08 billion
Calculation and evidence

11704000000 − 2629000000 USD

Exact free cash flow: 9075000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

522 filings · 27,822 latest values · 27,822 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000078003, 78003, PFE, edgar:78003

Also known as PFIZER INC, PFIZER INC.