Pfizer Inc. (PFE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 14.45B | 17.56B | 16.65B | 14.65B | 13.71B | 17.76B | 17.7B | 13.28B | 14.88B | 14.57B | 13.49B | 13.01B | 18.49B | 24.29B | 22.64B | 27.74B | 25.66B | 23.84B | 24.04B | 18.9B |
| Revenue Growth % | 5.37% | -1.16% | -5.92% | 10.31% | -7.82% | 21.91% | 31.21% | 2.12% | -19.51% | -40.02% | -40.41% | -53.11% | -27.96% | 1.9% | -5.81% | 46.79% | 76.78% | 104.9% | 133.87% | 91.6% |
| Cost of Goods Sold | 4.73B | 5.27B | 4.17B | 5.23B | 3.89B | 4.79B | 6.93B | 5.04B | 4.38B | 8.59B | 10.6B | 4.59B | 5.95B | 10.9B | 6.99B | 9.07B | 10.8B | 10.68B | 10.86B | 7.84B |
| COGS % of Revenue | 32.74% | 30.03% | 25.05% | 35.71% | 28.35% | 26.99% | 39.15% | 37.94% | 29.44% | 58.96% | 78.59% | 35.33% | 32.19% | 44.87% | 30.87% | 32.68% | 42.08% | 44.79% | 45.16% | 41.51% |
| Gross Profit | 9.72B | 12.29B | 12.48B | 9.42B | 9.83B | 12.97B | 10.77B | 8.24B | 10.5B | 5.98B | 2.89B | 8.41B | 12.54B | 13.39B | 15.65B | 18.68B | 14.86B | 13.16B | 13.18B | 11.05B |
| Gross Margin % | 67.26% | 69.97% | 74.95% | 64.29% | 71.65% | 73.01% | 60.85% | 62.06% | 70.56% | 41.04% | 21.41% | 64.67% | 67.81% | 55.13% | 69.13% | 67.32% | 57.92% | 55.21% | 54.84% | 58.49% |
| Gross Profit Growth % | -1.09% | -5.27% | 15.89% | 14.28% | -6.39% | 116.86% | 272.96% | -2.01% | -16.26% | -55.34% | -81.55% | -54.96% | -15.66% | 1.75% | 18.73% | 68.95% | 56.16% | 65.68% | 77.6% | 53.91% |
| Operating Expenses | 5.69B | 8.6B | 8.93B | 5.84B | 5.2B | 7.24B | 5.8B | 6.36B | 5.94B | 7.24B | 5.89B | 6.06B | 5.85B | 8.04B | 5.95B | 5.73B | 4.82B | 9.88B | 5.43B | 5.07B |
| OpEx % of Revenue | 39.36% | 48.97% | 53.63% | 39.89% | 37.94% | 40.78% | 32.78% | 47.91% | 39.92% | 49.71% | 43.69% | 46.6% | 31.65% | 33.11% | 26.28% | 20.65% | 18.78% | 41.45% | 22.59% | 26.81% |
| Selling, General & Admin | 2.96B | 3.73B | 3.19B | 3.4B | 3.02B | 4.23B | 3.24B | 3.69B | 3.46B | 4.47B | 3.21B | 3.43B | 3.36B | 4.43B | 3.25B | 2.91B | 2.52B | 3.96B | 2.75B | 2.83B |
| SG&A % of Revenue | 20.49% | 21.27% | 19.13% | 23.22% | 22.05% | 23.79% | 18.29% | 27.76% | 23.25% | 30.68% | 23.81% | 26.39% | 18.16% | 18.23% | 14.37% | 10.5% | 9.82% | 16.63% | 11.44% | 14.96% |
| Research & Development | 2.63B | 3.42B | 3.94B | 2.44B | 2.18B | 3.02B | 2.56B | 2.68B | 2.48B | 2.77B | 2.68B | 2.63B | 2.49B | 3.62B | 2.7B | 2.81B | 2.3B | 5.92B | 2.68B | 2.24B |
| R&D % of Revenue | 18.18% | 19.47% | 23.63% | 16.67% | 15.89% | 16.98% | 14.49% | 20.15% | 16.67% | 19.03% | 19.88% | 20.21% | 13.49% | 14.88% | 11.91% | 10.15% | 8.97% | 24.81% | 11.15% | 11.85% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 4.03B | 3.69B | 3.55B | 3.58B | 4.62B | 5.72B | 4.97B | 1.88B | 4.56B | -1.26B | -3.01B | 2.35B | 6.68B | 5.35B | 9.7B | 12.95B | 10.04B | 3.28B | 7.75B | 5.99B |
| Operating Margin % | 27.9% | 21.01% | 21.32% | 24.4% | 33.71% | 32.23% | 28.06% | 14.15% | 30.64% | -8.67% | -22.28% | 18.07% | 36.16% | 22.02% | 42.84% | 46.67% | 39.14% | 13.76% | 32.24% | 31.68% |
| Operating Income Growth % | -12.8% | -35.58% | -28.54% | 90.26% | 1.43% | 553.29% | 265.27% | -20.08% | -31.8% | -123.62% | -130.99% | -81.84% | -33.44% | 63.05% | 25.15% | 116.22% | 108.75% | 256.13% | 210% | 138.47% |
| EBITDA | 5.21B | 5.38B | 5.21B | 5.2B | 6.24B | 7.52B | 6.72B | 3.61B | 6.29B | 407M | -1.45B | 3.92B | 8.17B | 6.87B | 10.88B | 14.12B | 11.23B | 4.56B | 9.09B | 7.3B |
| EBITDA Margin % | 36.09% | 30.61% | 31.3% | 35.49% | 45.51% | 42.31% | 37.98% | 27.18% | 42.31% | 2.79% | -10.72% | 30.17% | 44.21% | 28.27% | 48.07% | 50.9% | 43.76% | 19.12% | 37.82% | 38.61% |
| EBITDA Growth % | -16.45% | -28.49% | -22.48% | 44.04% | -0.84% | 1746.68% | 564.94% | -8% | -22.97% | -94.07% | -113.29% | -72.21% | -27.23% | 50.69% | 19.7% | 93.56% | 86.61% | 124.59% | 145.17% | 96.66% |
| D&A (Non-Cash Add-back) | 1.18B | 1.69B | 1.66B | 1.63B | 1.62B | 1.79B | 1.75B | 1.73B | 1.74B | 1.67B | 1.56B | 1.57B | 1.49B | 1.52B | 1.18B | 1.18B | 1.19B | 1.28B | 1.34B | 1.31B |
| EBIT | 4.03B | -931M | 3.99B | 3.7B | 3.44B | 3.35B | 5.5B | 674M | 4.21B | -3.44B | -2.66B | 2.78B | 6.59B | 5.54B | 9.31B | 11.74B | 9.37B | 4.14B | 8.17B | 7.26B |
| Net Interest Income | -554M | -545M | -514M | -498M | -511M | -569M | -667M | -648M | -661M | -80M | -172M | -192M | -141M | -176M | -241M | -263M | -308M | -301M | -315M | -303M |
| Interest Income | 115M | 166M | 138M | 156M | 143M | 170M | 116M | 130M | 129M | 609M | 523M | 316M | 177M | 137M | 70M | 30M | 14M | 14M | 10M | 13M |
| Interest Expense | 668M | 711M | 652M | 654M | 654M | 739M | 783M | 778M | 790M | 689M | 695M | 508M | 318M | 313M | 311M | 293M | 322M | 315M | 325M | 316M |
| Other Income/Expense | -862M | -5.33B | -216M | -531M | -1.84B | -5.74B | -253M | -1.98B | -1.14B | -2.87B | -346M | -82M | -415M | -117M | -698M | -1.5B | -993M | 547M | 93M | 961M |
| Pretax Income | 3.17B | -1.64B | 3.33B | 3.04B | 2.78B | -10M | 4.71B | -103M | 3.42B | -4.13B | -3.35B | 2.27B | 6.27B | 5.23B | 9B | 11.45B | 9.05B | 3.83B | 7.84B | 6.95B |
| Pretax Margin % | 21.94% | -9.35% | 20.02% | 20.77% | 20.3% | -0.06% | 26.64% | -0.78% | 22.99% | -28.34% | -24.85% | 17.44% | 33.92% | 21.54% | 39.76% | 41.26% | 35.27% | 16.05% | 32.63% | 36.77% |
| Income Tax | 461M | -2M | -216M | 141M | -189M | -421M | 234M | -134M | 293M | -794M | -964M | -71M | 715M | 230M | 356M | 1.57B | 1.17B | 249M | -328M | 1.12B |
| Effective Tax Rate % | 14.54% | 0.12% | -6.48% | 4.63% | -6.79% | 4210% | 4.96% | 130.1% | 8.56% | 19.23% | 28.76% | -3.13% | 11.4% | 4.4% | 3.96% | 13.72% | 12.95% | 6.51% | -4.18% | 16.16% |
| Net Income | 2.69B | -1.65B | 3.54B | 2.91B | 2.97B | 403M | 4.47B | 24M | 3.12B | -3.34B | -2.39B | 2.33B | 5.54B | 4.99B | 8.63B | 9.87B | 7.87B | 3.39B | 8.16B | 5.8B |
| Net Margin % | 18.6% | -9.39% | 21.26% | 19.86% | 21.63% | 2.27% | 25.27% | 0.18% | 20.97% | -22.94% | -17.75% | 17.91% | 29.98% | 20.56% | 38.12% | 35.58% | 30.68% | 14.23% | 33.95% | 30.68% |
| Net Income Growth % | -9.4% | -508.93% | -20.84% | 12025% | -4.9% | 112.05% | 286.84% | -98.97% | -43.7% | -166.95% | -127.74% | -76.41% | -29.61% | 47.16% | 5.77% | 70.22% | 61.43% | 300.59% | 455.41% | 66.21% |
| Net Income (Continuing) | 2.71B | -1.64B | 3.55B | 2.9B | 2.97B | 411M | 4.48B | 31M | 3.13B | -3.33B | -2.39B | 2.34B | 5.55B | 5B | 8.64B | 9.88B | 7.88B | 3.58B | 8.17B | 5.83B |
| Discontinued Operations | -1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 |
| Minority Interest | 303M | 299M | 295M | 317M | 299M | 294M | 272M | 275M | 276M | 274M | 270M | 274M | 266M | 256M | 259M | 261M | 261M | 262M | 275M | 273M |
| EPS (Diluted) | 0.47 | -0.29 | 0.62 | 0.51 | 0.52 | 0.07 | 0.78 | 0.00 | 0.55 | -0.60 | -0.42 | 0.41 | 0.97 | 0.87 | 1.51 | 1.73 | 1.37 | 0.59 | 1.43 | 1.02 |
| EPS Growth % | -9.55% | -503.34% | -20.92% | - | -5.13% | 112.05% | 284.91% | -98.97% | -43.4% | -168.64% | -128.1% | -76.41% | -29.23% | 47.75% | 5.89% | 69.23% | 58.73% | 293.25% | 446.47% | 64.49% |
| EPS (Basic) | 0.47 | -0.29 | 0.62 | 0.51 | 0.52 | 0.07 | 0.79 | 0.00 | 0.55 | -0.60 | -0.42 | 0.41 | 0.98 | 0.89 | 1.54 | 1.77 | 1.40 | 0.60 | 1.45 | 1.04 |
| Diluted Shares Outstanding | 5.73B | 5.69B | 5.71B | 5.71B | 5.71B | 5.7B | 5.71B | 5.7B | 5.7B | 5.65B | 5.65B | 5.71B | 5.73B | 5.74B | 5.72B | 5.71B | 5.76B | 5.77B | 5.72B | 5.68B |
| Basic Shares Outstanding | 5.69B | 5.68B | 5.68B | 5.68B | 5.67B | 5.67B | 5.67B | 5.67B | 5.66B | 5.65B | 5.65B | 5.65B | 5.63B | 5.62B | 5.61B | 5.59B | 5.62B | 5.62B | 5.61B | 5.6B |
| Dividend Payout Ratio | 90.96% | - | 69.02% | 84.02% | 82.14% | 590.57% | 53.21% | 9916.67% | 76.03% | - | - | 99.4% | 41.56% | 44.96% | 26.01% | 22.73% | 28.57% | 64.52% | 26.78% | 37.64% |