Pfizer annual return on equity
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2025
Pfizer Return on Equity (ROE) Growth & History (PFE)
Pfizer's return on equity was 8.90% for fiscal 2025.
View full Pfizer company overviewPfizer annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 8.90% | −0.17 pp |
| 2024 | 2024-12-31 | 9.06% | +6.77 pp |
| 2023 | 2023-12-31 | 2.29% | −34.00 pp |
| 2022 | 2022-12-31 | 36.30% | +5.00 pp |
| 2021 | 2021-12-31 | 31.30% | +16.81 pp |
| 2020 | 2020-12-31 | 14.49% | −10.83 pp |
| 2019 | 2019-12-31 | 25.33% | +8.77 pp |
| 2018 | 2018-12-31 | 16.56% | −16.01 pp |
| 2017 | 2017-12-31 | 32.57% | +20.96 pp |
| 2016 | 2016-12-31 | 11.61% | +1.38 pp |
| 2015 | 2015-12-31 | 10.23% | −2.14 pp |
| 2014 | 2014-12-31 | 12.38% | −15.55 pp |
| 2013 | 2013-12-31 | 27.93% | +10.10 pp |
| 2012 | 2012-12-31 | 17.83% | +6.05 pp |
| 2011 | 2011-12-31 | 11.78% | +2.49 pp |
| 2010 | 2010-12-31 | 9.29% | −2.42 pp |
| 2009 | 2009-12-31 | 11.70% | −1.51 pp |
| 2008 | 2008-12-31 | 13.21% | — |
Pfizer quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | −0.28% | −3.53 pp |
| Q1 2026 | 2026-03-29 | 3.04% | −0.28 pp |
| Q4 2025 | 2025-12-31 | −1.84% | −2.29 pp |
| Q3 2025 | 2025-09-28 | 3.90% | −1.06 pp |
| Q2 2025 | 2025-06-29 | 3.25% | +3.21 pp |
| Q1 2025 | 2025-03-30 | 3.32% | −0.11 pp |
| Q4 2024 | 2024-12-31 | 0.45% | +4.08 pp |
| Q3 2024 | 2024-09-29 | 4.96% | +7.39 pp |
| Q2 2024 | 2024-06-30 | 0.05% | −2.28 pp |
| Q1 2024 | 2024-03-31 | 3.44% | −2.20 pp |
| Q4 2023 | 2023-12-31 | −3.62% | −8.93 pp |
| Q3 2023 | 2023-10-01 | −2.43% | −12.00 pp |
| Q2 2023 | 2023-07-02 | 2.33% | −9.35 pp |
| Q1 2023 | 2023-04-02 | 5.64% | −4.22 pp |
| Q4 2022 | 2022-12-31 | 5.30% | +0.87 pp |
| Q3 2022 | 2022-10-02 | 9.57% | −1.61 pp |
| Q2 2022 | 2022-07-03 | 11.68% | +3.66 pp |
| Q1 2022 | 2022-04-03 | 9.85% | +2.46 pp |
| Q4 2021 | 2021-12-31 | 4.44% | +3.12 pp |
| Q3 2021 | 2021-10-03 | 11.18% | +8.91 pp |
| Q2 2021 | 2021-07-04 | 8.02% | +2.63 pp |
| Q1 2021 | 2021-04-04 | 7.40% | +2.16 pp |
| Q4 2020 | 2020-12-31 | 1.32% | +2.23 pp |
| Q3 2020 | 2020-09-27 | 2.27% | −10.05 pp |
| Q2 2020 | 2020-06-28 | 5.39% | −3.13 pp |
| Q1 2020 | 2020-03-29 | 5.24% | −1.12 pp |
| Q4 2019 | 2019-12-31 | −0.91% | −0.33 pp |
| Q3 2019 | 2019-09-29 | 12.32% | +6.49 pp |
| Q2 2019 | 2019-06-30 | 8.53% | +2.99 pp |
| Q1 2019 | 2019-03-31 | 6.36% | +1.32 pp |
| Q4 2018 | 2018-12-31 | −0.58% | −19.17 pp |
| Q3 2018 | 2018-09-30 | 5.83% | +1.06 pp |
| Q2 2018 | 2018-07-01 | 5.53% | +0.27 pp |
| Q1 2018 | 2018-04-01 | 5.03% | −0.26 pp |
| Q4 2017 | 2017-12-31 | 18.59% | +17.32 pp |
| Q3 2017 | 2017-10-01 | 4.77% | +2.62 pp |
| Q2 2017 | 2017-07-02 | 5.26% | +2.01 pp |
| Q1 2017 | 2017-04-02 | 5.29% | +0.54 pp |
| Q4 2016 | 2016-12-31 | 1.26% | +1.52 pp |
| Q3 2016 | 2016-10-02 | 2.15% | −1.04 pp |
| Q2 2016 | 2016-07-03 | 3.25% | −0.66 pp |
| Q1 2016 | 2016-04-03 | 4.75% | +1.33 pp |
| Q4 2015 | 2015-12-31 | −0.26% | −1.91 pp |
| Q3 2015 | 2015-09-27 | 3.19% | −0.26 pp |
| Q2 2015 | 2015-06-28 | 3.91% | +0.14 pp |
| Q1 2015 | 2015-03-29 | 3.43% | +0.41 pp |
| Q4 2014 | 2014-12-31 | 1.65% | −1.68 pp |
| Q3 2014 | 2014-09-28 | 3.45% | +0.14 pp |
| Q2 2014 | 2014-06-29 | 3.77% | −13.76 pp |
| Q1 2014 | 2014-03-30 | 3.02% | −0.34 pp |
| Q4 2013 | 2013-12-31 | 3.33% | −4.42 pp |
| Q3 2013 | 2013-09-29 | 3.31% | −0.67 pp |
| Q2 2013 | 2013-06-30 | 17.53% | +13.54 pp |
| Q1 2013 | 2013-03-31 | 3.36% | +1.20 pp |
| Q4 2012 | 2012-12-31 | 7.75% | +6.08 pp |
| Q3 2012 | 2012-09-30 | 3.98% | −0.21 pp |
| Q2 2012 | 2012-07-01 | 4.00% | +1.07 pp |
| Q1 2012 | 2012-04-01 | 2.17% | −0.33 pp |
| Q4 2011 | 2011-12-31 | 1.67% | −1.62 pp |
| Q3 2011 | 2011-10-02 | 4.19% | +3.19 pp |
| Q2 2011 | 2011-07-03 | 2.92% | +0.11 pp |
| Q1 2011 | 2011-04-03 | 2.50% | +0.24 pp |
| Q4 2010 | 2010-12-31 | 3.29% | +2.31 pp |
| Q3 2010 | 2010-10-03 | 0.99% | −3.46 pp |
| Q2 2010 | 2010-07-04 | 2.81% | −0.94 pp |
| Q1 2010 | 2010-04-04 | 2.26% | — |
| Q4 2009 | 2009-12-31 | 0.98% | — |
| Q3 2009 | 2009-09-27 | 4.46% | — |
| Q2 2009 | 2009-06-28 | 3.75% | — |
Pfizer return on equity trends
Over the last five fiscal years, Pfizer's return on equity decreased from 14.49% to 8.90%, a change of −5.60 percentage points. The latest reported quarter, Q2 2026, shows −0.28%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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