NYSE$PFE

Pfizer · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Pfizer reported Q1 2025 total revenues of $13.7B with net income attributable to common shareholders of $3.0B and diluted EPS of $0.52.

Total revenues decreased 8% to $13.7 billion as Paxlovid declined versus a year-ago favorable return adjustment, partially offset by other product growth. Net income attributable to Pfizer was $3.0 billion; diluted EPS was $0.52. Biopharma revenue was $13.4 billion.

  • Q1 total revenues $13.7B (-8% YoY).
  • Net income $3.0B; diluted EPS $0.52.
  • Paxlovid and COVID portfolio normalization weighs on comps.
  • Pipeline and cost programs support long-term margin goals.

Headline financials

Total Revenue

$13.7B

Previous: $14.9B-7.8%
EPS (adj)

$0.52

Previous: $0.55-5.5%
Cost of sales

$2.85B

Previous: $3.38B-15.8%
R&D expenses

$2.2B

Previous: $2.49B-11.6%
Capital Expenditures

-$564M

Previous: -$704M+19.9%
Net Income

$2.97B

Previous: $3.12B-4.8%
Operating Income

$4.62B

Previous: $4.21B+9.7%
Gross Profit

$10.9B

Previous: $11.5B-5.5%
R&D Expense

$2.2B

Previous: $2.49B-11.6%

Revenue & EPS history

Pfizer · Revenue · Quarterly

$13.7B

Q1 2025-7.8%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Pfizer · $12.9B total across 1 segment · Q3 2023

  • Biopharma
    $12.9B-42.1%

Forward guidance

The quarterly filing discusses operating priorities, capital allocation, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and liquidity.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.1%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+8.1%

Q1 2024

Best reaction

-10.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.5%-2.3%
Q4 2025-3.3%+2.1%-0.2%
Q3 2025-1.5%-0.9%+4.2%
Q1 2025+3.2%+5.0%+1.7%
Q4 2024-1.3%-1.8%+0.2%
Q3 2024-1.2%-2.7%-10.5%
Q2 2024-0.6%-0.9%-6.5%
Q1 2024+8.1%+9.9%+11.9%
Q4 2023-1.5%-2.0%-3.3%
Q3 2023-0.1%+2.3%-0.3%
Q2 2023-2.0%-2.9%-1.9%
Q1 2023-1.9%-1.8%-3.0%
Q4 2022+1.0%+1.2%-6.7%
Q3 2022+1.1%+1.4%+9.7%
Q2 2022-2.8%-4.4%-9.9%
Q1 2022+2.7%+1.4%+9.0%
Q4 2021-3.3%-4.6%-7.5%
Q3 2021+2.7%+11.4%+21.5%
Q2 2021+1.6%+4.4%+10.7%
Q1 2021+0.4%-0.6%-2.2%
Q4 2020-2.7%-2.5%-4.5%
Q3 2020-6.5%-6.4%+1.5%
Q2 2020+4.6%+2.5%+0.9%
Q1 2020-0.5%-1.8%-0.4%
Q4 2019-6.4%-7.3%-15.1%
Q3 2019+3.2%+3.0%+3.6%
Q2 2019-10.0%-11.8%-18.6%
Q1 2019+3.0%+4.5%+5.8%
Q4 2018+5.2%+8.5%+9.7%
Q3 2018-0.4%-0.7%+5.3%
Q2 2018+4.3%+5.1%+7.5%
Q1 2018-4.7%-4.8%-1.9%
Q4 2017-5.1%-6.2%-8.7%
Q3 2017+0.3%+1.1%+3.2%
Q2 2017-0.7%+1.4%+2.3%
Q1 2017-0.9%-0.9%-3.2%
Q4 2016+1.1%+2.5%+10.2%
Q3 2016-3.4%-5.4%-0.8%
Q2 2016-5.4%-5.0%-7.0%
Q1 2016+1.8%
Q4 2015-1.6%
Q3 2015+3.8%
Q2 2015+4.1%
Q1 2015-0.9%
Q4 2014-2.6%
Q3 2014+1.6%
Q2 2014-2.8%
Q1 2014-4.3%
Q4 2013+1.5%
Q3 2013+0.6%
Q2 2013-1.0%
Q1 2013-5.0%
Q4 2012+2.5%
Q3 2012-1.3%
Q2 2012+0.9%
Q1 2012+0.9%
Q4 2011-0.6%
Q3 2011+3.4%
Q2 2011+4.8%
Q1 2011+0.8%
Q4 2010+1.5%
Q3 2010-1.4%
Q2 2010+0.5%
Q1 2009-4.1%
Q1 2010-1.1%
Q4 2007+0.4%
Q4 2009+0.4%
Q3 2008+0.2%
Q3 2009+0.2%
Q4 2008+0.6%
Q2 2008+0.6%
Q2 2009+0.6%

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