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Pfizer Inc (PFE) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · Pharmaceuticals · DATA UPDATED 2026-08-16

Pfizer Inc (PFE) operates in the Pharmaceuticals industry and is headquartered in New York, United States with about 75,000 employees. Its market capitalization is roughly $158 billion. In the fiscal year ended 2025-12-31, PFE reported $62.6B in revenue and $7.8B in net income.

Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the United States and internationally. It operates in three segments: Biopharma, PC1, and Pfizer Ignite.

Interactive charts & full statements → Open the PFE valuation workbench →

PFE Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$63.7B	$62.6B	$63.6B	$59.6B	$100.3B	$81.3B	$41.7B	$41.2B	$53.6B	$52.5B	$52.8B	$48.9B	$49.6B	$51.6B	$54.7B	$61.0B	$67.1B	$50.0B	$48.3B	$48.4B	$48.4B
Gross Profit	$45.4B	$44.0B	$41.8B	$30.3B	$62.1B	$46.9B	$29.9B	$28.5B	$37.6B	$36.8B	$36.9B	$35.7B	$36.3B	$37.6B	$40.0B	$43.9B	$46.3B	$38.4B	$38.3B	$36.7B	$37.9B
Gross Margin %	71.3%	70.3%	65.8%	50.9%	61.9%	57.7%	71.7%	69.3%	70.2%	70.0%	69.8%	73.1%	73.2%	73.0%	73.2%	71.9%	69.1%	76.8%	79.2%	75.8%	78.3%
Operating Income (EBIT)	$16.0B	$15.4B	$16.5B	$5.3B	$37.5B	$20.8B	$9.1B	$7.5B	$15.3B	$14.4B	$14.3B	$13.3B	$14.0B	$16.9B	$18.0B	$18.4B	$17.7B	$16.0B	$16.6B	$13.9B	$15.1B
Operating Margin %	25.1%	24.7%	25.9%	8.9%	37.4%	25.6%	21.8%	18.2%	28.5%	27.4%	27.0%	27.2%	28.3%	32.7%	33.0%	30.1%	26.4%	32.0%	34.4%	28.7%	31.2%
Net Income	$4.3B	$7.8B	$8.0B	$2.1B	$31.4B	$22.1B	$9.2B	$16.3B	$11.2B	$21.3B	$7.2B	$7.0B	$9.1B	$11.6B	$9.8B	$8.7B	$8.3B	$8.6B	$8.0B	$8.2B	$11.0B
Net Margin %	6.8%	12.4%	12.6%	3.6%	31.3%	27.3%	22.0%	39.5%	20.8%	40.6%	13.7%	14.3%	18.3%	22.6%	17.9%	14.3%	12.3%	17.3%	16.6%	17.0%	22.8%
EBITDA	$12.6B	$15.1B	$18.1B	$9.6B	$41.0B	$30.8B	$13.2B	$18.9B	$19.6B	$19.8B	$15.3B	$15.3B	$19.1B	$23.5B	$20.4B	$22.2B	$19.6B	$16.8B	$15.3B	$14.9B	$18.8B
Earnings Per Share (EPS)	$0.76	$1.37	$1.41	$0.37	$5.47	$3.88	$1.63	$2.87	$1.87	$17.58	$5.86	$5.57	$1.32	$1.69	$1.30	$1.11	$1.02	$1.23	$1.19	$1.18	$1.52
Shares Outstanding (M)	5,699M	5,686M	5,700M	5,709M	5,733M	5,708M	5,632M	5,675M	5,977M	1,212M	1,232M	1,251M	—	6,895M	7,508M	7,870M	8,074M	7,045M	6,750M	6,939M	7,274M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PFE Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$15.0B	$14.5B	$17.6B	$16.7B	$14.7B	$13.7B	$17.8B	$17.7B
Gross Profit	$10.9B	$9.7B	$12.3B	$12.5B	$9.4B	$9.8B	$13.0B	$10.8B
Gross Margin %	72.8%	67.3%	70.0%	75.0%	64.3%	71.7%	73.0%	60.9%
Operating Income (EBIT)	$4.7B	$4.0B	$3.7B	$3.5B	$3.6B	$4.6B	$5.7B	$5.0B
Operating Margin %	31.3%	27.9%	21.0%	21.3%	24.4%	33.7%	32.2%	28.1%
Net Income	($246M)	$2.7B	($1.6B)	$3.5B	$2.9B	$3.0B	$403M	$4.5B
Net Margin %	-1.6%	18.6%	-9.4%	21.3%	19.9%	21.6%	2.3%	25.3%
EBITDA	$1.2B	$5.0B	$756M	$5.6B	$5.3B	$5.1B	$5.1B	$7.3B
Earnings Per Share (EPS)	$-0.04	$0.47	$-0.29	$0.62	$0.51	$0.52	$0.07	$0.78
Shares Outstanding (M)	5,699M	5,731M	5,686M	5,714M	5,706M	5,710M	5,703M	5,705M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PFE Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$13.4B	$11.7B	$12.7B	$8.7B	$29.3B	$32.6B	$14.4B	$12.6B	$15.8B	$16.5B	$15.9B	$14.5B	$16.9B	$17.8B	$17.1B	$20.2B	$11.5B	$16.6B	$18.2B	$13.4B	$17.6B
Capital Expenditures (CapEx)	$2.4B	$2.6B	$2.9B	$3.9B	$3.2B	$2.7B	$2.8B	$2.6B	$2.2B	$2.2B	$2.0B	$1.5B	$1.6B	$1.5B	$1.3B	$1.7B	$1.5B	$1.2B	$1.7B	$1.9B	$2.0B
Free Cash Flow (FCF)	$11.0B	$9.1B	$9.8B	$4.8B	$26.0B	$29.9B	$11.6B	$10.0B	$13.6B	$14.3B	$13.9B	$13.0B	$15.3B	$16.3B	$15.7B	$18.6B	$9.9B	$15.4B	$16.5B	$11.5B	$15.5B
FCF Margin %	17.2%	14.5%	15.5%	8.1%	25.9%	36.7%	27.9%	24.3%	25.4%	27.1%	26.3%	26.6%	30.8%	31.6%	28.8%	30.4%	14.8%	30.8%	34.2%	23.7%	32.1%
Dividends Paid	$9.8B	$9.8B	$9.5B	$9.2B	$9.0B	$8.7B	$8.4B	$8.0B	$8.0B	$7.7B	$7.3B	$6.9B	$6.6B	$6.6B	$6.5B	$6.2B	$6.1B	$5.5B	$8.5B	$8.0B	$6.9B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PFE Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$835M	$2.6B	$5.3B	$4.6B	($582M)	$2.3B	$6.7B	$6.7B
Capital Expenditures (CapEx)	$533M	$436M	$845M	$602M	$618M	$564M	$917M	$651M
Free Cash Flow (FCF)	$302M	$2.2B	$4.5B	$4.0B	($1.2B)	$1.8B	$5.8B	$6.1B
FCF Margin %	2.0%	15.1%	25.7%	24.0%	-8.2%	12.9%	32.7%	34.2%
Dividends Paid	$2.5B	$2.4B	$2.4B	$2.4B	$2.4B	$2.4B	$2.4B	$2.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PFE Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$201.1B	$208.2B	$213.4B	$226.5B	$197.2B	$181.5B	$154.2B	$167.5B	$159.4B	$171.8B	$171.6B	$167.5B	$169.3B	$172.1B	$185.8B	$188.0B	$195.0B	$212.9B	$111.1B	$115.3B	$114.8B
Cash & Cash Equivalents	$976M	$1.1B	$1.0B	$2.9B	$416M	$1.9B	$1.8B	$1.3B	$1.1B	$1.3B	$2.6B	$3.6B	$3.3B	$2.2B	$10.1B	$3.2B	$1.7B	$2.0B	$2.1B	$3.4B	$1.8B
Total Liabilities	$115.6B	$121.4B	$124.9B	$137.2B	$101.3B	$104.0B	$90.8B	$104.0B	$95.7B	$100.1B	$111.8B	$102.5B	$97.7B	$95.5B	$104.1B	$105.4B	$106.7B	$122.5B	$53.4B	$50.1B	$44.1B
Total Debt (Short + Long-Term)	$63.2B	$64.3B	$64.0B	$71.4B	$35.8B	$38.4B	$39.8B	$52.1B	$41.7B	$43.5B	$42.1B	$39.0B	$36.7B	$36.5B	$37.5B	$38.9B	$44.0B	$48.7B	$17.3B	$13.1B	$8.0B
Total Shareholders' Equity	$85.2B	$86.5B	$88.2B	$89.3B	$95.9B	$77.5B	$63.5B	$63.4B	$63.8B	$71.7B	$59.8B	$65.0B	$71.6B	$76.3B	$81.3B	$82.2B	$87.8B	$90.0B	$57.6B	$65.0B	$71.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PFE viewer.

PFE Metric Deep Dives

Other Companies in Pharmaceuticals

LLY · Lilly (Eli) — $1.03 trillion
JNJ · Johnson & Johnson — $651 billion
MRK · Merck & Co. — $362 billion
BMY · Bristol Myers Squibb — $129 billion
ZTS · Zoetis — $30 billion
VTRS · Viatris — $19 billion

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