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How Pfizer (PFE) makes money
Pfizer (PFE) made $16.6B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Of every dollar of revenue, 20¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $16.6B | 100.0% |
| Operating profit | $3.4B | 20.4% |
| Income tax | $134M | 0.8% |
| Net earnings | $3.3B | 19.6% |
| Operating cash flow | $5.4B | 32.4% |
| Free cash flow | $4.8B | 29.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $16.6B | -0.4% |
| Q2 2026 | $15.0B | +3% |
| Q1 2026 | $14.5B | +5% |
| Q4 2025 | $17.6B | -1% |
| Q3 2025 | $16.7B | -6% |
| Q2 2025 | $14.7B | +10% |
| Q1 2025 | $13.7B | -8% |
From Pfizer's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Pfizer make money?
Pfizer (PFE) made $16.6B of revenue in the third quarter 2026 (Q3 2026), -0.4% from a year earlier. Of every dollar of revenue, 20¢ was left as operating profit, 20¢ was left as net earnings.
What is Pfizer's profit margin?
Net earnings were $3.3B, 19.6% of revenue, in the third quarter 2026; the operating margin was 20.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.