Pfizer annual net debt
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Pfizer Net Debt Growth & History (PFE)
Pfizer's net debt was $66.27B for fiscal 2025.
View full Pfizer company overviewPfizer annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $66.27B | $323.0M | +0.49% |
| 2024 | 2024-12-31 | $65.95B | −$6.24B | −8.64% |
| 2023 | 2023-12-31 | $72.19B | $33.56B | +86.87% |
| 2022 | 2022-12-31 | $38.63B | −$822.0M | −2.08% |
| 2021 | 2021-12-31 | $39.45B | −$33.0M | −0.08% |
| 2020 | 2020-12-31 | $39.48B | −$12.87B | −24.58% |
| 2019 | 2019-12-31 | $52.35B | $11.75B | +28.95% |
| 2018 | 2018-12-31 | $40.60B | −$1.55B | −3.67% |
| 2017 | 2017-12-31 | $42.15B | $2.66B | +6.73% |
| 2016 | 2016-12-31 | $39.49B | $4.23B | +12.01% |
| 2015 | 2015-12-31 | $35.26B | $1.92B | +5.76% |
| 2014 | 2014-12-31 | $33.34B | −$967.0M | −2.82% |
| 2013 | 2013-12-31 | $34.31B | $6.93B | +25.30% |
| 2012 | 2012-12-31 | $27.38B | −$8.38B | −23.44% |
| 2011 | 2011-12-31 | $35.76B | −$6.52B | −15.42% |
| 2010 | 2010-12-31 | $42.28B | −$4.41B | −9.44% |
| 2009 | 2009-12-31 | $46.68B | $31.52B | +207.92% |
| 2008 | 2008-12-31 | $15.16B | — | — |
Pfizer quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $62.22B | $2.06B | +3.42% |
| Q1 2026 | 2026-03-29 | $62.75B | $2.07B | +3.42% |
| Q4 2025 | 2025-12-31 | $66.27B | $323.0M | +0.49% |
| Q3 2025 | 2025-09-28 | $60.37B | −$6.24B | −9.37% |
| Q2 2025 | 2025-06-29 | $60.16B | −$8.24B | −12.05% |
| Q1 2025 | 2025-03-30 | $60.68B | −$8.14B | −11.83% |
| Q4 2024 | 2024-12-31 | $65.95B | −$6.24B | −8.64% |
| Q3 2024 | 2024-09-29 | $66.61B | $6.16B | +10.19% |
| Q2 2024 | 2024-06-30 | $68.40B | $5.69B | +9.07% |
| Q1 2024 | 2024-03-31 | $68.82B | $35.09B | +104.06% |
| Q4 2023 | 2023-12-31 | $72.19B | $33.56B | +86.87% |
| Q3 2023 | 2023-10-01 | $60.45B | $25.08B | +70.90% |
| Q2 2023 | 2023-07-02 | $62.71B | $24.20B | +62.86% |
| Q1 2023 | 2023-04-02 | $33.73B | −$105.0M | −0.31% |
| Q4 2022 | 2022-12-31 | $38.63B | −$822.0M | −2.08% |
| Q3 2022 | 2022-10-02 | $35.37B | −$2.54B | −6.70% |
| Q2 2022 | 2022-07-03 | $38.50B | $1.63B | +4.43% |
| Q1 2022 | 2022-04-03 | $33.83B | −$4.10B | −10.81% |
| Q4 2021 | 2021-12-31 | $39.45B | −$33.0M | −0.08% |
| Q3 2021 | 2021-10-03 | $37.91B | −$23.65B | −38.41% |
| Q2 2021 | 2021-07-04 | $36.87B | −$24.94B | −40.35% |
| Q1 2021 | 2021-04-04 | $37.93B | −$12.21B | −24.35% |
| Q4 2020 | 2020-12-31 | $39.48B | −$12.87B | −24.58% |
| Q3 2020 | 2020-09-27 | $61.56B | $10.37B | +20.25% |
| Q2 2020 | 2020-06-28 | $61.81B | $15.63B | +33.85% |
| Q1 2020 | 2020-03-29 | $50.14B | $5.63B | +12.66% |
| Q4 2019 | 2019-12-31 | $52.35B | $11.75B | +28.95% |
| Q3 2019 | 2019-09-29 | $51.20B | $13.72B | +36.60% |
| Q2 2019 | 2019-06-30 | $46.18B | $8.37B | +22.12% |
| Q1 2019 | 2019-03-31 | $44.50B | $5.96B | +15.47% |
| Q4 2018 | 2018-12-31 | $40.60B | −$1.55B | −3.67% |
| Q3 2018 | 2018-09-30 | $37.48B | −$3.69B | −8.97% |
| Q2 2018 | 2018-07-01 | $37.81B | −$3.31B | −8.04% |
| Q1 2018 | 2018-04-01 | $38.54B | −$1.41B | −3.54% |
| Q4 2017 | 2017-12-31 | $42.15B | $2.66B | +6.73% |
| Q3 2017 | 2017-10-01 | $41.17B | −$804.0M | −1.92% |
| Q2 2017 | 2017-07-02 | $41.12B | $350.0M | +0.86% |
| Q1 2017 | 2017-04-02 | $39.95B | $3.14B | +8.54% |
| Q4 2016 | 2016-12-31 | $39.49B | $4.23B | +12.01% |
| Q3 2016 | 2016-10-02 | $41.98B | $6.18B | +17.26% |
| Q2 2016 | 2016-07-03 | $40.77B | $9.32B | +29.62% |
| Q1 2016 | 2016-04-03 | $36.81B | $4.45B | +13.74% |
| Q4 2015 | 2015-12-31 | $35.26B | $1.92B | +5.76% |
| Q3 2015 | 2015-09-27 | $35.80B | $1.18B | +3.41% |
| Q2 2015 | 2015-06-28 | $31.45B | −$2.97B | −8.63% |
| Q1 2015 | 2015-03-29 | $32.36B | −$1.74B | −5.11% |
| Q4 2014 | 2014-12-31 | $33.34B | −$967.0M | −2.82% |
| Q3 2014 | 2014-09-28 | $34.62B | $120.0M | +0.35% |
| Q2 2014 | 2014-06-29 | $34.42B | $112.0M | +0.33% |
| Q1 2014 | 2014-03-30 | $34.11B | −$4.38B | −11.38% |
| Q4 2013 | 2013-12-31 | $34.31B | $6.93B | +25.30% |
| Q3 2013 | 2013-09-29 | $34.50B | $147.0M | +0.43% |
| Q2 2013 | 2013-06-30 | $34.31B | −$1.23B | −3.46% |
| Q1 2013 | 2013-03-31 | $38.48B | $2.35B | +6.50% |
| Q4 2012 | 2012-12-31 | $27.38B | −$8.38B | −23.44% |
| Q3 2012 | 2012-09-30 | $34.35B | −$2.98B | −7.98% |
| Q2 2012 | 2012-07-01 | $35.54B | −$3.08B | −7.96% |
| Q1 2012 | 2012-04-01 | $36.13B | −$4.54B | −11.15% |
| Q4 2011 | 2011-12-31 | $35.76B | −$6.52B | −15.42% |
| Q3 2011 | 2011-10-02 | $37.33B | −$4.66B | −11.10% |
| Q2 2011 | 2011-07-03 | $38.62B | −$2.78B | −6.72% |
| Q1 2011 | 2011-04-03 | $40.67B | −$3.62B | −8.17% |
| Q4 2010 | 2010-12-31 | $42.28B | −$4.41B | −9.44% |
| Q3 2010 | 2010-10-03 | $41.99B | $6.87B | +19.56% |
| Q2 2010 | 2010-07-04 | $41.40B | $4.13B | +11.09% |
| Q1 2010 | 2010-04-04 | $44.29B | — | — |
| Q4 2009 | 2009-12-31 | $46.68B | $31.52B | +207.92% |
| Q3 2009 | 2009-09-27 | $35.12B | — | — |
| Q2 2009 | 2009-06-28 | $37.27B | — | — |
| Q4 2008 | 2008-12-31 | $15.16B | — | — |
Pfizer net debt trends
Over the last five fiscal years, Pfizer's net debt increased from $39.48B to $66.27B, a change of $26.79B. The latest reported quarter, Q2 2026, shows $62.22B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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