Pfizer (PFE) Cost of Revenue (2009 - 2026)

Pfizer (PFE) posted quarterly Cost of Revenue of $3.5 billion for Q1 2026, up 24.71% YoY from $2.8 billion in Q1 2025, and down 32.7% sequentially from $5.3 billion in Q4 2025.

Pfizer (PFE) Cost of Revenue (2009 - 2026) Analysis & Trends

Pfizer has disclosed Cost of Revenue across 18 years of filings, most recently posting $3.5 billion for Q1 2026.

  • In Q1 2026, Cost of Revenue rose 24.71% year-over-year to $3.5 billion; the TTM figure through Mar 2026 stood at $16.8 billion (up 13.41% YoY), while the FY2025 annual figure was $16.1 billion, down 9.99% from the prior year.
  • Cost of Revenue declined to $3.5 billion in Q1 2026, from $5.3 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for PFE reached as high as $10.0 billion in Q2 2022 and fell as low as $2.8 billion in Q1 2025.
  • The 5-year median for Cost of Revenue is $4.9 billion (2023), against an average of $5.4 billion.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 140.17% — and 2023, when it tumbled 62.57%.
  • A 5-year view of Cost of Revenue shows it stood at $6.1 billion in 2022, then grew by 24.74% to $7.6 billion in 2023, then tumbled by 30.41% to $5.3 billion in 2024, then advanced by 0.17% to $5.3 billion in 2025, then slumped by 32.7% to $3.5 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $3.5 billion, $5.3 billion, and $4.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 3.58 Bn
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 8.11 Bn
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 4.22 Bn
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 2.68 Bn
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 4.20 Bn
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 2.74 Bn
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 1.45 Bn
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 3.55 Bn
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn 661.00 Mn

Historic Data

Download Data
DateValue
Mar 29, 2026 3.55 Bn
Mar 29, 2026 3.55 Bn
Dec 31, 2025 5.27 Bn
Dec 31, 2025 5.27 Bn
Sep 28, 2025 4.17 Bn
Sep 28, 2025 4.17 Bn
Jun 29, 2025 3.78 Bn
Jun 29, 2025 3.78 Bn
Mar 30, 2025 2.85 Bn
Mar 30, 2025 2.85 Bn
Sep 29, 2024 5.26 Bn
Sep 29, 2024 5.26 Bn
Jun 30, 2024 3.30 Bn
Jun 30, 2024 3.30 Bn
Mar 31, 2024 3.38 Bn
Mar 31, 2024 3.38 Bn
Dec 31, 2023 7.56 Bn
Dec 31, 2023 7.56 Bn
Jul 2, 2023 3.24 Bn
Jul 2, 2023 3.24 Bn