Pfizer annual r&d spending
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Pfizer R&D Spending Growth & History (PFE)
Pfizer's r&d spending was $10.44B for fiscal 2025.
View full Pfizer company overviewPfizer annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $10.44B | −$385.0M | −3.56% |
| 2024 | 2024-12-31 | $10.82B | $143.0M | +1.34% |
| 2023 | 2023-12-31 | $10.68B | −$749.0M | −6.55% |
| 2022 | 2022-12-31 | $11.43B | $1.07B | +10.31% |
| 2021 | 2021-12-31 | $10.36B | $1.65B | +18.96% |
| 2020 | 2020-12-31 | $8.71B | $324.0M | +3.86% |
| 2019 | 2019-12-31 | $8.38B | $625.0M | +8.05% |
| 2018 | 2018-12-31 | $7.76B | $77.0M | +1.00% |
| 2017 | 2017-12-31 | $7.68B | −$209.0M | −2.65% |
| 2016 | 2016-12-31 | $7.89B | $202.0M | +2.63% |
| 2015 | 2015-12-31 | $7.69B | −$703.0M | −8.38% |
| 2014 | 2014-12-31 | $8.39B | $1.72B | +25.68% |
| 2013 | 2013-12-31 | $6.68B | −$804.0M | −10.75% |
| 2012 | 2012-12-31 | $7.48B | −$1.20B | −13.81% |
| 2011 | 2011-12-31 | $8.68B | −$802.0M | −8.46% |
| 2010 | 2010-12-31 | $9.48B | $1.66B | +21.20% |
| 2009 | 2009-12-31 | $7.82B | −$121.0M | −1.52% |
| 2008 | 2008-12-31 | $7.95B | −$144.0M | −1.78% |
| 2007 | 2007-12-31 | $8.09B | — | — |
Pfizer quarterly r&d spending
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Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $2.81B | $327.0M | +13.17% |
| Q1 2026 | 2026-03-29 | $2.49B | $287.0M | +13.03% |
| Q4 2025 | 2025-12-31 | $3.21B | $171.0M | +5.63% |
| Q3 2025 | 2025-09-28 | $2.55B | −$52.0M | −2.00% |
| Q2 2025 | 2025-06-29 | $2.48B | −$214.0M | −7.94% |
| Q1 2025 | 2025-03-30 | $2.20B | −$290.0M | −11.63% |
| Q4 2024 | 2024-12-31 | $3.04B | $220.0M | +7.82% |
| Q3 2024 | 2024-09-29 | $2.60B | −$113.0M | −4.17% |
| Q2 2024 | 2024-06-30 | $2.70B | $48.0M | +1.81% |
| Q1 2024 | 2024-03-31 | $2.49B | −$12.0M | −0.48% |
| Q4 2023 | 2023-12-31 | $2.81B | −$801.0M | −22.15% |
| Q3 2023 | 2023-10-01 | $2.71B | $15.0M | +0.56% |
| Q2 2023 | 2023-07-02 | $2.65B | −$167.0M | −5.93% |
| Q1 2023 | 2023-04-02 | $2.50B | $204.0M | +8.87% |
| Q4 2022 | 2022-12-31 | $3.62B | $170.0M | +4.93% |
| Q3 2022 | 2022-10-02 | $2.70B | $15.0M | +0.56% |
| Q2 2022 | 2022-07-03 | $2.81B | $576.0M | +25.73% |
| Q1 2022 | 2022-04-03 | $2.30B | $307.0M | +15.40% |
| Q4 2021 | 2021-12-31 | $3.45B | $787.0M | +29.60% |
| Q3 2021 | 2021-10-03 | $2.68B | $381.0M | +16.57% |
| Q2 2021 | 2021-07-04 | $2.24B | $161.0M | +7.75% |
| Q1 2021 | 2021-04-04 | $1.99B | $322.0M | +19.26% |
| Q4 2020 | 2020-12-31 | $2.66B | $102.0M | +3.99% |
| Q3 2020 | 2020-09-27 | $2.30B | $17.0M | +0.74% |
| Q2 2020 | 2020-06-28 | $2.08B | $236.0M | +12.81% |
| Q1 2020 | 2020-03-29 | $1.67B | −$31.0M | −1.82% |
| Q4 2019 | 2019-12-31 | $2.56B | $345.0M | +15.60% |
| Q3 2019 | 2019-09-29 | $2.28B | $275.0M | +13.70% |
| Q2 2019 | 2019-06-30 | $1.84B | $45.0M | +2.50% |
| Q1 2019 | 2019-03-31 | $1.70B | −$40.0M | −2.29% |
| Q4 2018 | 2018-12-31 | $2.21B | −$103.0M | −4.45% |
| Q3 2018 | 2018-09-30 | $2.01B | $143.0M | +7.67% |
| Q2 2018 | 2018-07-01 | $1.80B | $10.0M | +0.56% |
| Q1 2018 | 2018-04-01 | $1.74B | $27.0M | +1.57% |
| Q4 2017 | 2017-12-31 | $2.31B | −$217.0M | −8.57% |
| Q3 2017 | 2017-10-01 | $1.86B | −$16.0M | −0.85% |
| Q2 2017 | 2017-07-02 | $1.79B | $39.0M | +2.23% |
| Q1 2017 | 2017-04-02 | $1.72B | −$15.0M | −0.87% |
| Q4 2016 | 2016-12-31 | $2.53B | $183.0M | +7.79% |
| Q3 2016 | 2016-10-02 | $1.88B | $159.0M | +9.23% |
| Q2 2016 | 2016-07-03 | $1.75B | $14.0M | +0.81% |
| Q1 2016 | 2016-04-03 | $1.73B | −$154.0M | −8.17% |
| Q4 2015 | 2015-12-31 | $2.35B | −$860.0M | −26.80% |
| Q3 2015 | 2015-09-27 | $1.72B | −$80.0M | −4.44% |
| Q2 2015 | 2015-06-28 | $1.73B | −$25.0M | −1.42% |
| Q1 2015 | 2015-03-29 | $1.89B | $262.0M | +16.14% |
| Q4 2014 | 2014-12-31 | $3.21B | $1.40B | +77.19% |
| Q3 2014 | 2014-09-28 | $1.80B | $175.0M | +10.76% |
| Q2 2014 | 2014-06-29 | $1.76B | $229.0M | +14.97% |
| Q1 2014 | 2014-03-30 | $1.62B | −$87.0M | −5.09% |
| Q4 2013 | 2013-12-31 | $1.81B | −$122.0M | −6.31% |
| Q3 2013 | 2013-09-29 | $1.63B | −$260.0M | −13.78% |
| Q2 2013 | 2013-06-30 | $1.53B | −$70.0M | −4.38% |
| Q1 2013 | 2013-03-31 | $1.71B | −$352.0M | −17.07% |
| Q4 2012 | 2012-12-31 | $1.93B | −$244.0M | −11.21% |
| Q3 2012 | 2012-09-30 | $1.89B | −$289.0M | −13.28% |
| Q2 2012 | 2012-07-01 | $1.60B | −$637.0M | −28.48% |
| Q1 2012 | 2012-04-01 | $2.06B | −$29.0M | −1.39% |
| Q4 2011 | 2011-12-31 | $2.18B | −$716.0M | −24.75% |
| Q3 2011 | 2011-10-02 | $2.18B | −$12.0M | −0.55% |
| Q2 2011 | 2011-07-03 | $2.24B | $56.0M | +2.57% |
| Q1 2011 | 2011-04-03 | $2.09B | −$130.0M | −5.85% |
| Q4 2010 | 2010-12-31 | $2.89B | $101.0M | +3.62% |
| Q3 2010 | 2010-10-03 | $2.19B | $556.0M | +34.07% |
| Q2 2010 | 2010-07-04 | $2.18B | $486.0M | +28.67% |
| Q1 2010 | 2010-04-04 | $2.22B | $516.0M | +30.26% |
| Q4 2009 | 2009-12-31 | $2.79B | — | — |
| Q3 2009 | 2009-09-27 | $1.63B | −$253.0M | −13.42% |
| Q2 2009 | 2009-06-28 | $1.70B | −$271.0M | −13.78% |
| Q1 2009 | 2009-03-29 | $1.71B | — | — |
| Q3 2008 | 2008-09-28 | $1.89B | — | — |
| Q2 2008 | 2008-06-29 | $1.97B | — | — |
Pfizer r&d spending trends
Over the last five fiscal years, Pfizer's r&d spending increased from $8.71B to $10.44B, a change of $1.73B. The latest reported quarter, Q2 2026, shows $2.81B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pfizer source filings ↗