Pfizer (PFE) Gross Margin (2009 - 2026)
Pfizer's (PFE) quarterly Gross Margin came in at 72.78% in Q2 2026, down 144.0% year-over-year from 165.41% in Q2 2025, and down 3.53% quarter-over-quarter from 75.45% in Q1 2026.
Analysis
Pfizer (PFE) Gross Margin (2009 - 2026) Analysis & Trends
Pfizer (PFE) has reported Gross Margin for 18 consecutive years, with 72.78% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 144.0% year-over-year to 72.78% in Q2 2026; TTM through Jun 2026 was 73.18%, a 184.0% decrease from a year earlier, with the FY2025 full-year figure at 74.33%, up 238.0% from the prior year.
- Gross Margin was 72.78% for Q2 2026 at Pfizer, down from 75.45% in the prior quarter.
- Over five years, Gross Margin peaked at 79.26% in Q1 2025 and troughed at 120.24% in Q4 2023.
- A 5-year average of 59.39% and a median of 74.09% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1027 bps in 2022 and surged 1248 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 68.83% in 2022, then slumped by 275 bps to 120.24% in 2023, then jumped by 162 bps to 73.96% in 2024, then dropped by 5 bps to 69.97% in 2025, then increased by 4 bps to 72.78% in 2026.
- The last three Gross Margin figures came in at 72.78% (Q2 2026), 75.45% (Q1 2026), and 69.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 78.02% |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | 72.78% |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | 80.05% |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 93.73% |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 87.30% |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 90.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 72.78% |
| Mar 29, 2026 | 75.45% |
| Dec 31, 2025 | 69.97% |
| Sep 28, 2025 | 74.95% |
| Jun 29, 2025 | 74.22% |
| Mar 30, 2025 | 79.26% |
| Sep 29, 2024 | 73.96% |
| Jun 30, 2024 | 75.16% |
| Mar 31, 2024 | 77.29% |
| Dec 31, 2023 | -120.24% |
| Jul 2, 2023 | 75.11% |
| Apr 2, 2023 | 73.57% |
| Jul 3, 2022 | 68.83% |
| Apr 3, 2022 | 61.09% |
| Oct 3, 2021 | 63.30% |
| Jul 4, 2021 | 62.98% |
| Apr 4, 2021 | 71.36% |
| Sep 27, 2020 | 80.90% |
| Jun 28, 2020 | 81.49% |
| Mar 29, 2020 | 80.76% |