Pfizer PFE
NYSE PFE
$27.78 -0.01 (-0.02%)
At close: Sep 9, 2026 · 4:00 PM EDT

Pfizer (PFE) Operating Margin (2009 - 2026)

Pfizer's (PFE) quarterly Operating Margin came in at 28.37% in Q2 2026, down 611.0% year-over-year from 5.55% in Q2 2025, and down 23.4% quarter-over-quarter from 37.04% in Q1 2026.

Analysis

Pfizer (PFE) Operating Margin (2009 - 2026) Analysis & Trends

Pfizer (PFE) has reported Operating Margin for 18 consecutive years, with 28.37% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Margin fell 611.0% year-over-year to 28.37% in Q2 2026; TTM through Jun 2026 was 32.02%, a 192.0% increase from a year earlier, with the FY2025 full-year figure at 33.13%, up 514.0% from the prior year.
  • Operating Margin was 28.37% for Q2 2026 at Pfizer, down from 37.04% in the prior quarter.
  • Over five years, Operating Margin peaked at 47.01% in Q3 2022 and troughed at 410.16% in Q4 2023.
  • A 5-year average of 2.13% and a median of 35.31% in 2025 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin sank 2079 bps in 2023 and soared 1704 bps in 2025, its largest moves.
  • Over 5 years, Operating Margin stood at 47.01% in 2022, then sank by 972 bps to 410.16% in 2023, then surged by 107 bps to 30.55% in 2024, then declined by 20 bps to 24.56% in 2025, then increased by 16 bps to 28.37% in 2026.
  • The last three Operating Margin figures came in at 28.37% (Q2 2026), 37.04% (Q1 2026), and 24.56% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Johnson & Johnson 663.08 Bn 642.33 Bn 17.26 Bn 28.21%
2 AbbVie 453.04 Bn 446.51 Bn 12.70 Bn 37.86%
3 Merck 370.87 Bn 363.78 Bn 12.21 Bn -3.52%
4 Novartis Ag 305.29 Bn 298.00 Bn 11.24 Bn 32.97%
5 Pfizer 162.10 Bn 150.70 Bn 10.94 Bn 28.37%
6 Sanofi 53.95 Bn 46.98 Bn 10.79 Bn 9.03%
7 Revolution Medicines 45.00 Bn 45.00 Bn - -
8 Incyte 25.47 Bn 20.94 Bn 1.57 Bn 41.69%
9 United Therapeutics 20.81 Bn 18.15 Bn 683.80 Mn 42.23%
10 Jazz Pharmaceuticals 16.02 Bn 14.40 Bn 1.09 Bn 20.54%
Historic Data

Historic Data

Download Data
DateValue
Jun 28, 2026 28.37%
Mar 29, 2026 37.04%
Dec 31, 2025 24.56%
Sep 28, 2025 38.81%
Jun 29, 2025 34.48%
Mar 30, 2025 36.15%
Sep 29, 2024 30.55%
Jun 30, 2024 17.44%
Mar 31, 2024 36.36%
Dec 31, 2023 -410.16%
Jul 2, 2023 26.22%
Apr 2, 2023 41.77%
Jul 3, 2022 47.01%
Apr 3, 2022 41.27%
Oct 3, 2021 35.13%
Jul 4, 2021 35.70%
Apr 4, 2021 38.34%
Sep 27, 2020 33.50%
Jun 28, 2020 29.82%
Mar 29, 2020 38.44%