PFE
$29.58+0.48%
as of close, Oct 16, 2026
☾ AH $29.58 +0.48%
PFE financial statements
The full income statement, balance sheet, and cash-flow statement for Pfizer Inc. (PFE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 5.67B2024-09 5.67B2024-12 5.67B2025-03 5.69B2025-06 5.69B2025-09 5.69B2025-12 5.69B2026-03 5.70B2026-06 5.70B+0.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 62.6B-1.6% | 63.6B+6.8% | 59.6B-35.1% | 91.8B+24.7% | 73.6B+76.8% | |
| Cost of revenue | 16.1B-10.0% | 17.9B-28.5% | 25.0B-27.3% | 34.3B+11.4% | 30.8B+263.3% | |
| Research & development | 10.4B-3.6% | 10.8B+1.3% | 10.7B-6.6% | 11.4B+10.3% | 10.4B+19.0% | |
| Selling, general & administrative | 13.8B-6.4% | 14.7B-0.3% | 14.8B+8.0% | 13.7B+7.7% | 12.7B+9.5% | |
| Restructuring | 1.09B-45.0% | 1.99B+1.0% | 1.97B+123.1% | 882M+19.0% | 741M+38.5% | |
| Amortization of intangibles | — | 5.30B+12.8% | 4.70B+30.6% | 3.60B-2.7% | 3.70B+8.8% | |
| Interest expense | 2.67B-13.6% | 3.09B+39.9% | 2.21B+78.4% | 1.24B-4.1% | 1.29B-10.9% | |
| Interest & investment income | 603M+10.6% | 545M-66.4% | 1.62B+547.0% | 251M+597.2% | 36.0M-50.7% | |
| Other non-operating income | -6.72B-53.2% | -4.39B-1876.6% | -222M+79.1% | -1.06B-121.8% | 4.88B+502.1% | |
| Gain (loss) on equity securities | -67.0M-106.6% | 1.01B-36.6% | 1.59B+224.9% | -1.27B-194.7% | 1.34B+148.9% | |
| Pre-tax income | 7.52B-6.3% | 8.02B+658.3% | 1.06B-97.0% | 34.7B+42.9% | 24.3B+245.5% | |
| Income tax | -266M-850.0% | -28.0M+97.5% | -1.11B-133.5% | 3.33B+79.7% | 1.85B+400.5% | |
| 7.77B-3.2% | 8.03B+279.0% | 2.12B-93.2% | 31.4B+42.7% | 22.0B+140.0% | ||
| Income from continuing operations | — | — | — | — | 22.4B+238.1% | |
| Discontinued operations | 25.0M+127.3% | 11.0M+173.3% | -15.0M-350.0% | 6.00M+101.4% | -434M-117.2% | |
| Net income to non-controlling interest | 41.0M+32.3% | 31.0M-20.5% | 39.0M+11.4% | 35.0M-22.2% | 45.0M+25.0% | |
| Net income to common | 7.77B-3.2% | 8.03B+279.0% | 2.12B-93.2% | 31.4B+42.7% | 22.0B+140.0% | |
| $1.36-3.5% | $1.41+281.1% | $0.37-93.2% | $5.47+42.1% | $3.85+136.2% | ||
| EPS (basic) | $1.37-3.5% | $1.42+273.7% | $0.38-93.2% | $5.59+42.6% | $3.92+137.6% | |
| Weighted-avg shares (basic) | 5.68B+0.3% | 5.66B+0.4% | 5.64B+0.6% | 5.61B+0.1% | 5.60B+0.8% | |
| Weighted-avg shares (diluted) | 5.71B+0.2% | 5.70B-0.2% | 5.71B-0.4% | 5.73B+0.4% | 5.71B+1.3% | |
| Dividends per share | $1.72+1.8% | $1.69+2.4% | $1.65+2.5% | $1.61+2.5% | $1.57+2.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 42.9B-14.8% | 50.4B+16.2% | 43.3B-15.5% | 51.3B-14.1% | 59.7B+70.2% | ||
| Cash & equivalents | 1.14B+9.5% | 1.04B-63.4% | 2.85B+585.8% | 416M-78.6% | 1.94B+8.8% | |
| Accounts receivable | 11.9B+3.6% | 11.5B-0.9% | 11.6B+5.6% | 11.0B-4.6% | 11.5B+45.1% | |
| Inventory | 10.7B-1.8% | 10.9B+6.5% | 10.2B+13.5% | 8.98B-0.9% | 9.06B+13.0% | |
| Other current assets | 2.81B-34.0% | 4.25B-13.4% | 4.91B-2.1% | 5.02B+31.3% | 3.82B+4.8% | |
| 208B-2.5% | 213B-5.8% | 227B+14.9% | 197B+8.7% | 181B+17.7% | ||
| Property, plant & equipment | 19.3B+5.0% | 18.4B-2.9% | 18.9B+16.4% | 16.3B+9.4% | 14.9B+8.3% | |
| Operating lease right-of-use | 2.21B-3.3% | 2.29B-21.7% | 2.92B-2.6% | 3.00B+5.7% | 2.84B+104.8% | |
| Goodwill | 71.3B+4.0% | 68.5B+1.1% | 67.8B+31.9% | 51.4B+4.4% | 49.2B-0.7% | |
| Intangible assets | 53.7B-3.0% | 55.4B-14.6% | 64.9B+49.6% | 43.4B+72.5% | 25.1B-11.3% | |
| Long-term investments | — | 2.23B-85.5% | 15.4B+2.0% | 15.1B-30.0% | 21.5B+6.2% | |
| Other non-current assets | 9.63B-1.9% | 9.82B-21.3% | 12.5B-5.3% | 13.2B+71.4% | 7.68B+57.4% | |
| 37.0B-14.0% | 43.0B-10.0% | 47.8B+13.4% | 42.1B-1.2% | 42.7B+64.6% | ||
| Accounts payable | 5.24B-7.0% | 5.63B-16.1% | 6.71B-1.5% | 6.81B+22.1% | 5.58B+30.2% | |
| Deferred revenue | 784M-48.1% | 1.51B-44.0% | 2.70B+7.1% | 2.52B-17.8% | 3.07B+175.6% | |
| Short-term & current debt | 3.00B-20.0% | 3.75B+66.2% | 2.25B-12.0% | 2.56B+56.5% | 1.64B-18.3% | |
| Current lease liability | 330M-7.3% | 356M-32.4% | 527M-15.0% | 620M+38.1% | 449M+40.3% | |
| Other current liabilities | 19.4B-1.5% | 19.7B-4.0% | 20.5B-9.0% | 22.6B-9.5% | 24.9B+115.7% | |
| 121B-2.8% | 125B-9.0% | 137B+35.5% | 101B-2.6% | 104B+14.6% | ||
| Long-term debt | 61.6B+7.4% | 57.4B-6.7% | 61.5B+87.1% | 32.9B-9.1% | 36.2B-2.5% | |
| Non-current lease liability | 2.29B+0.2% | 2.29B-12.9% | 2.63B+1.1% | 2.60B+3.5% | 2.51B+126.5% | |
| Operating lease liability (total) | 2.62B-0.8% | 2.64B-16.2% | 3.15B-2.0% | 3.22B+8.7% | 2.96B+106.3% | |
| Deferred tax liabilities | 2.40B+13.1% | 2.12B+231.6% | 640M-37.4% | 1.02B+193.1% | 349M-91.4% | |
| Other non-current liabilities | 14.7B+4.1% | 14.2B-14.4% | 16.5B+25.5% | 13.2B+35.3% | 9.74B+46.1% | |
| 86.5B-2.0% | 88.2B-0.9% | 89.0B-6.9% | 95.7B+23.9% | 77.2B+22.1% | ||
| Preferred stock | — | — | 0.00 | 0.00 | 0.00 | |
| Common stock | 481M+0.2% | 480M+0.4% | 478M+0.4% | 476M+0.6% | 473M+0.6% | |
| Additional paid-in capital | 94.5B+0.9% | 93.6B+1.0% | 92.6B+0.9% | 91.8B+1.3% | 90.6B+2.2% | |
| Retained earnings | 115B-1.8% | 117B-1.4% | 118B-5.8% | 126B+21.5% | 103B+14.4% | |
| Treasury stock | 115B+0.2% | 115B+0.2% | 114B+0.5% | 114B+2.3% | 111B+0.3% | |
| Accumulated other comprehensive income | -8.07B-2.9% | -7.84B+1.5% | -7.96B+4.1% | -8.30B-40.8% | -5.90B-11.1% | |
| Non-controlling interest | 299M+1.7% | 294M+7.3% | 274M+7.0% | 256M-2.3% | 262M+11.5% | |
| Total equity incl. non-controlling | 86.8B-1.9% | 88.5B-0.9% | 89.3B-6.9% | 95.9B+23.8% | 77.5B+22.0% | |
| Total liabilities & equity | 208B-2.5% | 213B-5.8% | 227B+14.9% | 197B+8.7% | 181B+17.7% | |
| Common shares issued | 9.62B+0.3% | 9.59B+0.3% | 9.56B+0.5% | 9.52B+0.5% | 9.47B+0.7% | |
| Shares outstanding (cover) | 5.69B+0.3% | 5.67B+0.4% | 5.65B+0.5% | 5.62B-0.1% | 5.62B+0.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 11.7B-8.2% | 12.7B+46.5% | 8.70B-70.3% | 29.3B-10.2% | 32.6B+126.2% | ||
| Depreciation & amortization | 6.59B-6.0% | 7.01B+11.5% | 6.29B+24.2% | 5.06B-2.4% | 5.19B+10.9% | |
| Intangible amortization | — | 5.30B+12.8% | 4.70B+30.6% | 3.60B-2.7% | 3.70B+8.8% | |
| Share-based compensation | 799M-8.9% | 877M+67.0% | 525M-39.8% | 872M-26.2% | 1.18B+56.6% | |
| Deferred income taxes | -2.13B-1.5% | -2.10B+38.9% | -3.44B+8.6% | -3.76B+12.3% | -4.29B-172.6% | |
| Change in receivables | 263M+141.3% | 109M+131.4% | -347M-33.0% | -261M-106.8% | 3.81B+198.9% | |
| Change in inventory | -561M-165.7% | 854M-26.9% | 1.17B+97.8% | 591M-47.5% | 1.13B+44.6% | |
| -1.35B-150.9% | 2.65B+108.2% | -32.3B-104.5% | -15.8B+30.0% | -22.5B-427.9% | ||
| Capital expenditure | 2.63B-9.6% | 2.91B-25.5% | 3.91B+20.7% | 3.24B+19.4% | 2.71B+21.8% | |
| Free cash flow | 9.07B-7.7% | 9.84B+105.2% | 4.79B-81.6% | 26.0B-12.8% | 29.9B+145.3% | |
| Acquisitions | 6.93B | 0.00-100.0% | 43.4B+88.9% | 23.0B | 0.00 | |
| Other investing activities | -165M-8150.0% | -2.00M-101.1% | 179M-6.8% | 192M-37.0% | 305M+15.1% | |
| -10.3B+39.9% | -17.1B-165.8% | 26.1B+275.7% | -14.8B-51.1% | -9.82B-1.7% | ||
| Long-term debt issued | 9.68B | 0.00-100.0% | 30.8B | 0.00-100.0% | 997M-80.9% | |
| Long-term debt repaid | 6.76B+200.3% | 2.25B-12.4% | 2.57B-22.1% | 3.30B+64.6% | 2.00B-49.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 2.00B | 0.00 | |
| Dividends paid | 9.77B+2.7% | 9.51B+2.9% | 9.25B+2.9% | 8.98B+2.9% | 8.73B+3.4% | |
| Other financing activities | -458M+2.3% | -469M+25.7% | -631M-88.4% | -335M-2193.8% | 16.0M+103.6% | |
| FX effect on cash | 41.0M+162.1% | -66.0M-65.0% | -40.0M+75.8% | -165M-179.7% | -59.0M-637.5% | |
| Net change in cash | 91.0M+105.0% | -1.81B-173.9% | 2.45B+261.6% | -1.51B-1052.8% | 159M-66.5% | |
| Interest paid | 2.74B-15.1% | 3.23B+45.7% | 2.21B+53.6% | 1.44B-1.7% | 1.47B-10.6% | |
| Income taxes paid | 4.69B+30.0% | 3.60B+14.6% | 3.15B-60.0% | 7.87B+5.9% | 7.43B+135.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 142B-5.8% | 150B-7.5% | 163B-43.5% | 288B-13.4% | 332B+61.7% | |
| P/E | 18.2×-2.7% | 18.7×+20.7% | 15.5×+60.5% | 9.7×-36.1% | 15.1×-32.6% | |
| P/S | 2.3×-4.3% | 2.4×+1.6% | 2.3×-25.4% | 3.1×-30.8% | 4.5×-8.5% | |
| P/B | 1.6×-3.9% | 1.7×+1.6% | 1.7×-46.0% | 3.1×-27.8% | 4.3×+32.5% | |
| P/FCF | 15.6×+2.1% | 15.3×-23.1% | 19.9×+61.5% | 12.3×+10.7% | 11.1×-34.1% | |
| Earnings yield | 5.5%+2.8% | 5.3%-17.2% | 6.4%-37.7% | 10.4%+56.4% | 6.6%+48.4% | |
| FCF yield | 6.4%-2.0% | 6.5%+30.0% | 5.0%-38.1% | 8.1%-9.7% | 9.0%+51.7% | |
| Dividend yield | 6.9%+8.4% | 6.4%+11.1% | 5.7%+82.4% | 3.1%+18.2% | 2.7%-36.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PFE’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PFE filings on SEC EDGAR → Not investment advice.