Pfizer income statement
In fiscal 2025, Pfizer reported revenue of $62.58bn, down 1.6% on the year before and net income of $7.77bn, or $1.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2007Dec 2007 | 2008Dec 2008 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 48.4 | 48.3 | 49.3 | 65.2 | 61.0 | 54.7 | 51.6 | 52.8 | 52.5 | 40.8 | 40.9 | 41.7 | 81.3 | 101.2 | 59.6 | 63.6 | 62.6 | 63.6 |
| Cost of revenue | 11.2 | 8.1 | 8.5 | 14.8 | 12.5 | 9.8 | 9.6 | 12.3 | 11.2 | 9.0 | 8.1 | 8.5 | 30.8 | 34.3 | 25.0 | 17.9 | 16.1 | 16.9 |
| Gross profit | 37.2 | 40.2 | 40.8 | 50.4 | 48.5 | 44.8 | 42.0 | 40.5 | 41.3 | 31.8 | 32.9 | 33.2 | 50.5 | 66.8 | 34.6 | 45.8 | 46.5 | 46.7 |
| Research and development | 8.1 | 7.9 | 7.8 | 9.5 | 8.7 | 7.5 | 6.7 | 7.9 | 7.7 | 7.8 | 8.4 | 8.7 | 10.4 | 11.4 | 10.7 | 10.8 | 10.4 | 11.5 |
| Selling, general and administrative | 15.6 | 14.5 | 14.8 | 19.0 | 17.6 | 15.2 | 14.4 | 14.8 | 14.8 | 12.6 | 12.7 | 11.6 | 12.7 | 13.7 | 14.8 | 14.7 | 13.8 | 13.8 |
| Interest expense | — | 0.5 | 1.2 | 1.8 | 1.7 | 1.5 | 1.4 | 1.2 | 1.3 | 1.3 | 1.6 | 1.4 | 1.3 | 1.2 | 2.2 | 3.1 | 2.7 | 2.7 |
| Net interest income | — | — | — | — | −1.2 | −1.1 | −1.0 | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 9.3 | 9.7 | 10.7 | 9.5 | 11.5 | 11.2 | 15.7 | 8.4 | 12.3 | 3.6 | 11.3 | 7.0 | 24.3 | 34.7 | 1.1 | 8.0 | 7.5 | 4.3 |
| Income tax | 1.0 | 1.6 | 2.1 | 1.2 | 3.6 | 2.2 | 4.3 | 1.1 | −9.0 | −0.3 | 0.6 | 0.4 | 1.9 | 3.3 | −1.1 | −0.0 | −0.3 | 0.2 |
| Net income | 8.1 | 8.1 | 8.6 | 8.3 | 10.0 | 14.6 | 22.0 | 7.2 | 21.3 | 11.2 | 16.0 | 9.2 | 22.0 | 31.4 | 2.1 | 8.0 | 7.8 | 4.0 |
| Diluted EPS | $1.17 | $1.20 | $1.23 | $1.02 | $1.27 | $1.94 | $3.19 | $1.17 | $3.52 | $1.87 | $2.82 | $1.63 | $3.85 | $5.47 | $0.37 | $1.41 | $1.36 | $0.70 |
| Diluted shares (average) | 6,939m | 6,750m | 7,045m | 8,074m | 7,870m | 7,508m | 6,895m | 6,159m | 6,058m | 5,977m | 5,675m | 5,632m | 5,708m | 5,733m | 5,709m | 5,700m | 5,713m | 5,726m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.8 | 13.7 | 14.7 | 16.7 | 17.6 | 14.5 | 15.0 | 16.6 |
| Cost of revenue | 5.9 | 2.8 | 3.8 | 4.2 | 5.3 | 3.5 | 4.1 | 4.0 |
| Gross profit | 11.9 | 10.9 | 10.9 | 12.5 | 12.3 | 10.9 | 10.9 | 12.6 |
| Research and development | 3.0 | 2.2 | 2.5 | 2.5 | 3.2 | 2.5 | 2.8 | 3.0 |
| Selling, general and administrative | 4.3 | 3.0 | 3.4 | 3.2 | 4.2 | 3.0 | 3.4 | 3.3 |
| Interest expense | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Income before tax | −0.0 | 2.8 | 3.0 | 3.3 | −1.6 | 3.2 | −0.7 | 3.4 |
| Income tax | −0.4 | −0.2 | 0.1 | −0.2 | −0.0 | 0.5 | −0.4 | 0.1 |
| Net income | 0.4 | 3.0 | 2.9 | 3.5 | −1.6 | 2.7 | −0.2 | 3.2 |
| Diluted EPS | $0.07 | $0.52 | $0.51 | $0.62 | −$0.29 | $0.47 | −$0.04 | $0.56 |
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