Pfizer Inc. PFE

28.67 0.26 0.92% as of 25 Sep
Market cap
$161.7B
P/E
37.7×
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Pfizer Inc. (PFE) Operating margin

Pfizer Inc.'s operating margin over the twelve months to 30 June 2026 was 21.7%, down 1.1 percentage points from fiscal 2025 (22.8%). Over the past ten years it has ranged from 2.15% (fiscal 2023) to 35.4% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Drug Manufacturers General industry median of 18.9% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 22.8% 3.25
FY2024 19.5% 17.36
FY2023 2.15% (33.22)
FY2022 35.4% 11.46
FY2021 23.9% 4.10
FY2020 19.8% 3.41
FY2019 16.4% 2.51
FY2018 13.9% (12.22)
FY2017 26.1% 3.12
FY2016 23.0% (1.21)

Quarterly

Period Operating margin Change (points)
Jun 2026 20.4% (7.52)
Mar 2026 27.9% 11.54
Dec 2025 16.4% (6.76)
Sep 2025 23.1% (2.70)
42 more quarters

Against its own ten years

Low 2.15% High 35.4%
Ten-year median 22.8%
Current reading's percentile 55

Operating margin against peers

Company Operating margin
NVO Novo Nordisk A/S compare 43.4%
NVS Novartis AG compare 30.2%
AMGN Amgen Inc. compare 30.0%
BMY Bristol Myers Squibb Company compare 24.2%
AZN AstraZeneca PLC compare 22.8%
PFE Pfizer Inc. 21.7%
GSK GSK PLC Sponsored ADR compare 19.6%
SNY Sanofi compare 18.2%
GILD Gilead Sciences, Inc. compare −8.20%
Drug Manufacturers General industry median 18.9%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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