Pfizer (PFE) Capital Expenditures (2009 - 2026)
Pfizer's (PFE) quarterly Capital Expenditures came in at $533.0 million in Q2 2026, down 13.75% year-over-year from $618.0 million in Q2 2025, and up 22.25% quarter-over-quarter from $436.0 million in Q1 2026.
Analysis
Pfizer (PFE) Capital Expenditures (2009 - 2026) Analysis & Trends
Pfizer (PFE) has reported Capital Expenditures for 18 consecutive years, with $533.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 13.75% year-over-year to $533.0 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 36.6% decrease from a year earlier, with the FY2025 full-year figure at $2.6 billion, down 9.63% from the prior year.
- Capital Expenditures was $533.0 million for Q2 2026 at Pfizer, up from $436.0 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $2.0 billion in Q3 2024 and troughed at $436.0 million in Q1 2026.
- A 5-year average of $815.9 million and a median of $673.5 million in 2022 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures soared 77.14% in 2023 and plunged 69.78% in 2025, its largest moves.
- Over 5 years, Capital Expenditures stood at $751.0 million in 2022, then surged by 39.01% to $1.0 billion in 2023, then jumped by 90.8% to $2.0 billion in 2024, then plunged by 57.58% to $845.0 million in 2025, then tumbled by 36.92% to $533.0 million in 2026.
- The last three Capital Expenditures figures came in at $533.0 million (Q2 2026), $436.0 million (Q1 2026), and $845.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.14 Bn | 620.38 Bn | 17.26 Bn | 1.32 Bn |
| 2 | AbbVie | 451.04 Bn | 444.47 Bn | 12.70 Bn | 322.00 Mn |
| 3 | Merck | 357.43 Bn | 350.29 Bn | 12.21 Bn | 893.00 Mn |
| 4 | Novartis Ag | 266.73 Bn | 259.04 Bn | 11.24 Bn | -321.00 Mn |
| 5 | Pfizer | 157.52 Bn | 145.82 Bn | 10.94 Bn | 533.00 Mn |
| 6 | Sanofi | 52.14 Bn | 44.76 Bn | 10.79 Bn | - |
| 7 | Revolution Medicines | 42.88 Bn | 42.88 Bn | - | 2.29 Mn |
| 8 | Incyte | 24.70 Bn | 20.16 Bn | 1.57 Bn | 12.41 Mn |
| 9 | United Therapeutics | 21.47 Bn | 18.80 Bn | 683.80 Mn | 108.00 Mn |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | 7.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 533.00 Mn |
| Mar 29, 2026 | 436.00 Mn |
| Dec 31, 2025 | 845.00 Mn |
| Sep 28, 2025 | 602.00 Mn |
| Jun 29, 2025 | 618.00 Mn |
| Mar 30, 2025 | 564.00 Mn |
| Sep 29, 2024 | 1.99 Bn |
| Jun 30, 2024 | 637.00 Mn |
| Mar 31, 2024 | 704.00 Mn |
| Dec 31, 2023 | 1.04 Bn |
| Jul 2, 2023 | 914.00 Mn |
| Apr 2, 2023 | 1.14 Bn |
| Jul 3, 2022 | 751.00 Mn |
| Apr 3, 2022 | 643.00 Mn |
| Oct 3, 2021 | 1.71 Bn |
| Jul 4, 2021 | 537.00 Mn |
| Apr 4, 2021 | 554.00 Mn |
| Sep 27, 2020 | 1.41 Bn |
| Jun 28, 2020 | 457.00 Mn |
| Mar 29, 2020 | 449.00 Mn |