Pfizer annual gross margin
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2025
Pfizer Gross Margin Growth & History (PFE)
Pfizer's gross margin was 74.33% for fiscal 2025.
View full Pfizer company overviewPfizer annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 74.33% | +2.38 pp |
| 2024 | 2024-12-31 | 71.94% | +20.96 pp |
| 2023 | 2023-12-31 | 50.99% | −11.60 pp |
| 2022 | 2022-12-31 | 62.59% | +4.44 pp |
| 2021 | 2021-12-31 | 58.14% | −21.49 pp |
| 2020 | 2020-12-31 | 79.63% | −0.68 pp |
| 2019 | 2019-12-31 | 80.31% | +2.32 pp |
| 2018 | 2018-12-31 | 77.99% | −0.65 pp |
| 2017 | 2017-12-31 | 78.63% | +1.96 pp |
| 2016 | 2016-12-31 | 76.67% | −3.58 pp |
| 2015 | 2015-12-31 | 80.25% | −0.44 pp |
| 2014 | 2014-12-31 | 80.69% | −0.72 pp |
| 2013 | 2013-12-31 | 81.42% | −0.61 pp |
| 2012 | 2012-12-31 | 82.03% | +2.51 pp |
| 2011 | 2011-12-31 | 79.52% | +2.21 pp |
| 2010 | 2010-12-31 | 77.31% | −5.52 pp |
| 2009 | 2009-12-31 | 82.83% | −0.37 pp |
| 2008 | 2008-12-31 | 83.20% | +6.42 pp |
| 2007 | 2007-12-31 | 76.79% | — |
Pfizer quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | 72.78% | −1.44 pp |
| Q1 2026 | 2026-03-29 | 75.45% | −3.81 pp |
| Q4 2025 | 2025-12-31 | 69.97% | +3.24 pp |
| Q3 2025 | 2025-09-28 | 74.95% | +4.68 pp |
| Q2 2025 | 2025-06-29 | 74.22% | −0.94 pp |
| Q1 2025 | 2025-03-30 | 79.26% | +1.97 pp |
| Q4 2024 | 2024-12-31 | 66.73% | +94.26 pp |
| Q3 2024 | 2024-09-29 | 70.27% | +38.97 pp |
| Q2 2024 | 2024-06-30 | 75.16% | +0.04 pp |
| Q1 2024 | 2024-03-31 | 77.29% | +3.72 pp |
| Q4 2023 | 2023-12-31 | −27.52% | −66.27 pp |
| Q3 2023 | 2023-10-01 | 31.29% | −41.92 pp |
| Q2 2023 | 2023-07-02 | 75.11% | +6.29 pp |
| Q1 2023 | 2023-04-02 | 73.57% | +12.48 pp |
| Q4 2022 | 2022-12-31 | 38.74% | −1.10 pp |
| Q3 2022 | 2022-10-02 | 73.22% | +14.54 pp |
| Q2 2022 | 2022-07-03 | 68.83% | +5.84 pp |
| Q1 2022 | 2022-04-03 | 61.09% | −10.27 pp |
| Q4 2021 | 2021-12-31 | 39.85% | −36.43 pp |
| Q3 2021 | 2021-10-03 | 58.68% | −21.79 pp |
| Q2 2021 | 2021-07-04 | 62.98% | −18.51 pp |
| Q1 2021 | 2021-04-04 | 71.36% | −9.40 pp |
| Q4 2020 | 2020-12-31 | 76.28% | +0.31 pp |
| Q3 2020 | 2020-09-27 | 80.47% | +0.99 pp |
| Q2 2020 | 2020-06-28 | 81.49% | +0.91 pp |
| Q1 2020 | 2020-03-29 | 80.76% | −0.69 pp |
| Q4 2019 | 2019-12-31 | 75.96% | +46.44 pp |
| Q3 2019 | 2019-09-29 | 79.48% | −0.26 pp |
| Q2 2019 | 2019-06-30 | 80.58% | +2.23 pp |
| Q1 2019 | 2019-03-31 | 81.45% | +1.31 pp |
| Q4 2018 | 2018-12-31 | 29.52% | −46.71 pp |
| Q3 2018 | 2018-09-30 | 79.74% | +1.34 pp |
| Q2 2018 | 2018-07-01 | 78.35% | −1.03 pp |
| Q1 2018 | 2018-04-01 | 80.14% | −0.55 pp |
| Q4 2017 | 2017-12-31 | 76.24% | −0.19 pp |
| Q3 2017 | 2017-10-01 | 78.40% | +2.05 pp |
| Q2 2017 | 2017-07-02 | 79.37% | +3.52 pp |
| Q1 2017 | 2017-04-02 | 80.69% | +2.61 pp |
| Q4 2016 | 2016-12-31 | 76.43% | +0.71 pp |
| Q3 2016 | 2016-10-02 | 76.35% | −5.29 pp |
| Q2 2016 | 2016-07-03 | 75.86% | −5.75 pp |
| Q1 2016 | 2016-04-03 | 78.08% | −5.00 pp |
| Q4 2015 | 2015-12-31 | 75.72% | −3.69 pp |
| Q3 2015 | 2015-09-27 | 81.64% | +0.80 pp |
| Q2 2015 | 2015-06-28 | 81.61% | +0.88 pp |
| Q1 2015 | 2015-03-29 | 83.08% | +1.09 pp |
| Q4 2014 | 2014-12-31 | 79.40% | +0.01 pp |
| Q3 2014 | 2014-09-28 | 80.84% | −1.07 pp |
| Q2 2014 | 2014-06-29 | 80.72% | −1.99 pp |
| Q1 2014 | 2014-03-30 | 81.99% | +0.22 pp |
| Q4 2013 | 2013-12-31 | 79.39% | −2.00 pp |
| Q3 2013 | 2013-09-29 | 81.91% | −0.26 pp |
| Q2 2013 | 2013-06-30 | 82.72% | −0.27 pp |
| Q1 2013 | 2013-03-31 | 81.76% | +0.21 pp |
| Q4 2012 | 2012-12-31 | 81.39% | −4.04 pp |
| Q3 2012 | 2012-09-30 | 82.17% | +2.70 pp |
| Q2 2012 | 2012-07-01 | 82.99% | +5.39 pp |
| Q1 2012 | 2012-04-01 | 81.56% | +3.94 pp |
| Q4 2011 | 2011-12-31 | 85.44% | +5.57 pp |
| Q3 2011 | 2011-10-02 | 79.47% | +3.17 pp |
| Q2 2011 | 2011-07-03 | 77.60% | −0.90 pp |
| Q1 2011 | 2011-04-03 | 77.62% | +2.97 pp |
| Q4 2010 | 2010-12-31 | 79.87% | +2.07 pp |
| Q3 2010 | 2010-10-03 | 76.31% | −8.30 pp |
| Q2 2010 | 2010-07-04 | 78.50% | −5.52 pp |
| Q1 2010 | 2010-04-04 | 74.65% | −12.39 pp |
| Q4 2009 | 2009-12-31 | 77.81% | — |
| Q3 2009 | 2009-09-27 | 84.61% | +2.33 pp |
| Q2 2009 | 2009-06-28 | 84.01% | +2.89 pp |
| Q1 2009 | 2009-03-29 | 87.04% | — |
| Q3 2008 | 2008-09-28 | 82.28% | — |
| Q2 2008 | 2008-06-29 | 81.13% | — |
Pfizer gross margin trends
Over the last five fiscal years, Pfizer's gross margin decreased from 79.63% to 74.33%, a change of −5.31 percentage points. The latest reported quarter, Q2 2026, shows 72.78%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pfizer source filings ↗