Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic and women's health under the Premarin family and Eliquis brands; biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands; and sterile injectable and anti-infective medicines, and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga, and Paxlovid brands. The company also provides medicines and vaccines in various therapeutic areas, such as pneumococcal disease, meningococcal disease, tick-borne encephalitis, and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba, and the Prevnar family brands; biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis, and Cibinqo brands; and amyloidosis, hemophilia, and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX, and Genotropin brands. In addition, the company is involved in the contract manufacturing business. It serves wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, and individual provider offices, as well as disease control and prevention centers. The company has collaboration agreements with Bristol-Myers Squibb Company; Astellas Pharma US, Inc.; Myovant Sciences Ltd.; Akcea Therapeutics, Inc; Merck KGaA; Valneva SE; BioNTech SE; and Arvinas, Inc. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.

Pfizer Inc.

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Restructuring Charges and Certain Acquisition-Related Costs

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Reduction of Costs on Completion of Consumer Healthcare JV Transaction

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Other Income-Net

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Income from Continuing Operations Before Provision for Taxes on Income

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Gain on Disposal of Discontinued Operations-Net of Tax

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Net Income Before Allocation to Noncontrolling Interests

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Net Income Attributable to Pfizer Inc. Common Shareholders

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Net Income Attributable to Pfizer Inc. Common Shareholders Common Size

Income from Continuing Operations Attributable to Pfizer Inc. Common Shareholders

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Income from Continuing Operations Attributable to Pfizer Inc. Common Shareholders Common Size

Weighted-Average Shares-Basic

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Basic EPS

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Diluted EPS

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jul '23	Dec '22
Total Revenues	28,367	35,465	28,162	28,061	31,492	47,773
Total Revenues %Chg	0.7%	26.4%	-10.6%	-41.3%	-41%	-0.2%
Product Revenues
Alliance Revenues
Royalty Revenues
Cost of Sales	6,624	11,172	6,679	16,832	8,122	15,712
Cost of Sales
Gross Profit	21,743	24,293	21,483	11,229	23,370	32,061
Gross Profit Margin	76.6%	68.5%	76.3%	40%	74.2%	67.1%
Selling, General & Administrative Expenses	6,446	7,518	7,212	7,857	6,914	8,035
Selling, Informational and Administrative Expenses
Depreciation & Amortization Expenses	2,421	2,671	2,615	2,446	2,287	1,952
Amortization of Intangible Assets
Research & Development Expenses	4,696	5,734	5,195	5,665	5,208	6,909
Research and Development Expenses
Acquired in-Process Research and Development Expenses
Other Operating Expenses	2,352	3,664	3,143	2,743	422	934
Restructuring Charges and Certain Acquisition-Related Costs
Reduction of Costs on Completion of Consumer Healthcare JV Transaction
Other Income-Net
Operating Profit	5,828	4,706	3,318	-7,482	8,539	14,231
Operating Margin	20.5%	13.3%	11.8%	-26.7%	27.1%	29.8%
Income Before Provision for Income Taxes	5,828	4,706	3,318	-7,482	8,539	14,231
Provision for Income Taxes	-48	-187	159	-1,759	644	586
Provision for Taxes on Income
Consolidated Net Income	5,876	4,893	3,159	-5,723	7,895	13,645
Net Income Attributable to Minority Interests and Other	24	16	15	15	24	23
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—
Income from Discontinued Operations-Net of Tax
Gain on Disposal of Discontinued Operations-Net of Tax
Net Income Attributable to Common Shareholders	5,877	4,875	3,156	-5,751	7,870	13,603
Net Income Attributable to Pfizer Inc. Common Shareholders
Basic EPS	1	0.9	0.6	-1	1.4	2.4
Diluted EPS	1	0.9	0.6	-1	1.4	2.4
Basic Weighted Average Shares Outstanding	5,680	5,666	5,662	5,646	5,640	5,611
Total Shares Outstanding	5,685.4	5,667	5,661	5,646	5,643	5,616
Diluted Weighted Average Shares Outstanding	5,708	5,704	5,696	5,698	5,720	5,731
EBITDA	9,071	8,252	6,785	-4,252	11,599	16,933
Effective Tax Rate	-0.8%	-4%	4.8%	23.5%	7.5%	4.1%