Pfizer
Developer of prescription medicines and vaccines across oncology, internal medicine, immunology and infectious disease.
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Profile
Develops and sells prescription medicines and vaccines across internal medicine, oncology, immunology, rare disease and infectious disease, supported by global research, manufacturing and commercial operations. Biopharma is the sole reportable segment, and results depend on product approvals, payer access and replacing revenue as major medicines lose market exclusivity.
Discovers, develops, manufactures and sells prescription medicines and vaccines across internal medicine, oncology, vaccines, inflammation and immunology, rare disease and hospital care. Key franchises include the Eliquis anticoagulant, Prevnar pneumococcal vaccines, Vyndaqel cardiomyopathy treatments, Ibrance and Seagen-derived cancer medicines such as Padcev, plus Comirnaty and Paxlovid. Most revenue comes from the United States, with products sold across international markets.
Combines internal research with licensing, partnerships and acquisitions, then uses a global clinical, manufacturing and commercial network to move therapies from trials into regulated markets. Biopharma is the sole reportable segment; Pfizer CentreOne also provides contract development, manufacturing and specialty active ingredients. Revenue depends on regulatory approvals, payer access, successful clinical programs and patent protection, while several established medicines face generic or biosimilar competition as exclusivity expires.
Company facts
Key statistics
Year to date +11.0% · Average volume (30d) 37.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | Guggenheim | Reiterate | Buy | $35 | $31 | |
| Jul 6, 2026 | HSBC | Downgrade | Buy | Hold | $29 | $28 |
| Jun 10, 2026 | RBC Capital | Upgrade | Underperform | Sector Perform | ||
| May 27, 2026 | UBS | Target | $25 | $27 | ||
| May 14, 2026 | Wolfe Research | Target | $24 | $26 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.68 | $0.77 | +12.9% | $14.40B | $15.03B | +4.4% | +1.52% |
| May 5, 2026Q1 FY26 | $0.72 | $0.75 | +3.9% | $13.84B | $14.45B | +4.4% | +0.30% |
| Feb 3, 2026Q4 FY25 | $0.57 | $0.66 | +16.4% | $16.85B | $17.56B | +4.2% | +3.92% |
| Nov 4, 2025Q3 FY25 | $0.63 | $0.87 | +37.4% | $16.50B | $16.65B | +0.9% | +1.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.72B | $14.65B | $16.65B | $17.56B | $14.45B | $15.03B | |
| Gross profit | $9.83B | $9.42B | $12.48B | $12.29B | $9.72B | $10.94B | |
| Operating income | $4.62B | $3.58B | $3.55B | $3.69B | $4.03B | $4.71B | |
| Net income | $2.97B | $2.91B | $3.54B | −$1.65B | $2.69B | −$246.0M | |
| Diluted EPS | $0.52 | $0.51 | $0.62 | −$0.29 | $0.47 | −$0.04 | |
| Gross margin | 71.7% | 64.3% | 74.9% | 70.0% | 67.3% | 72.8% | |
| Operating margin | 33.7% | 24.4% | 21.3% | 21.0% | 27.9% | 31.3% |
Fiscal years (4-quarter sums)FY21 $81.29B · FY22 $100.33B · FY23 $59.55B · FY24 $63.63B · FY25 $62.58B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $11.70B · Total debt $63.19B · Total assets $201.13B · Shareholders' equity $85.19B
Dividends
Raised for 16 straight years — most recently to $0.43 from $0.42 in Jan 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 24, 2026 | Jul 24 | Sep 1 | $0.43 | |
| May 8, 2026 | May 8 | Jun 12 | $0.43 | |
| Jan 23, 2026 | Jan 23 | Mar 6 | $0.43 | |
| Nov 7, 2025 | Nov 7 | Dec 1 | $0.43 | |
| Jul 25, 2025 | Jul 25 | Sep 2 | $0.43 | |
| May 9, 2025 | May 9 | Jun 13 | $0.43 | |
| Jan 24, 2025 | Jan 24 | Mar 7 | $0.43 | raised from $0.42 |
| Nov 8, 2024 | Nov 8 | Dec 2 | $0.42 |
Ownership
Shares outstanding 5.70B · Float 5.69B · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 529.67M | 9.29% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 372.15M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 307.09M | 5.39% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 135.28M | 2.37% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 119.24M | 2.09% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Albert Bourla | director, officer: Chairman & CEO | +38,000 | $26.34 |
| Aug 5, 2026 | Jennifer B. Damico | officer: SVP & Controller | −3,278 | $25.40 |
| Aug 5, 2026 | Mortimer J. Buckley | director | +37,632 | $25.52 |
| Aug 5, 2026 | Ronald E. Blaylock | director | +39,231 | $25.46 |
| Jun 9, 2026 | Jennifer B. Damico | officer: SVP & Controller | −2,000 | $25.70 |
Peers
- Merck
Keytruda oncology giant competing in cancer immunotherapy and adult vaccines.
- Eli Lilly
Dominant GLP-1 obesity/diabetes leader; defines the market Pfizer's Metsera must enter.
- Novo Nordisk (ADR)
GLP-1 obesity pioneer; conducted a direct Metsera bidding war against Pfizer in 2025.
- AstraZeneca (ADR)
ADC market leader via Enhertu; oncology share overlaps Pfizer's Seagen portfolio.
- AbbVie
Head-to-head in CGRP migraine; three-drug franchise spans acute, episodic, chronic.
- Bristol-Myers Squibb
Eliquis commercial partner and oncology rival via Opdivo in immuno-oncology.
- GSK (ADR)
Vaccine competitor in RSV (Arexvy vs Abrysvo) and adult immunization broadly.
- Moderna
Sole direct mRNA COVID vaccine rival; Spikevax competes with Comirnaty.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pfizer | $27.95 | −0.04% | $159.36B | 36.9 | 10.0 | 2.5 | +2.6% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Eli Lilly | $1,173.00 | −0.08% | $1.10T | 39.4 | 28.7 | 13.9 | +47.7% |
| Novo Nordisk (ADR) | $45.60 | +0.00% | $202.54B | 11.2 | 18.4 | 4.0 | +0.0% |
| AstraZeneca (ADR) | $161.79 | −0.55% | $252.33B | 24.4 | 15.2 | 4.1 | +6.4% |
| AbbVie | $255.80 | +0.13% | $451.38B | 72.0 | 16.8 | 7.0 | +10.2% |
| Bristol-Myers Squibb | $66.60 | +0.05% | $136.00B | 14.7 | 10.5 | 2.8 | +5.7% |
| GSK (ADR) | $50.57 | −0.51% | $101.82B | 15.8 | 9.2 | 2.2 | +2.7% |
| Moderna | $136.53 | −1.06% | $54.75B | — | — | 24.6 | +2.1% |
| Median | 24.4 | 16.8 | 4.8 | +5.4% |











