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PFE
Pfizer Inc.Stock · Healthcare
$24.32+$0.44 (+1.84%)as of market close, Jul 2, 2026
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How Pfizer makes money

Fiscal year

How does Pfizer make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Pfizer Inc. · FY2025 · year ended 2025-12-31
Revenue$62.6BGross profit$46.5B · 74%Cost of revenue$16.1B · 26%Operating income$22.3B · 36%Operating expenses$24.2B · 39%R&D$10.4B · 17%SG&A$13.8B · 22%Pre-tax income$7.8B · 12%Other expense$14.5B · 23%Net income$7.8B · 12%Product$51.7B · 83%Royalty$1.6B · 3%Pfizer Centre One$1.3B · 2%Other revenue$7.9B · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.