EI Earnings Insight Lab
Pfizer Inc.

Pfizer Inc. Q3 2025 Earnings Analysis

Reported on 2025-11-04 / Fiscal Quarter Q3 2025
Revenue Down YoY Sequential Improvement Margin Improving EPS Below Prior Year Mixed Quarter
Pfizer Inc. reported a mixed Q3 2025, with softer revenue but early signs of profitability stabilization.

Revenue declined 5.9% year over year and rose 13.7% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.

Jump to FAQ
Source: Company filings / processed earnings data
Revenue
$16.7B
YoY: -5.9202%
QoQ: 13.6559%
Net Income
$3.5B
YoY: -20.8361%
QoQ: 21.68%
EPS (Diluted)
$0.62
YoY: -20.92%
Net Margin
21.3%
YoY: -4.01 pts
QoQ: 1.4 pts
Gross Margin
74.9%
Operating Margin
21.3%
Growth

Revenue trend

Revenue remains weak year over year, but sequential improvement suggests near-term stabilization.

Profitability

Margin and earnings quality

Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.

Investor Focus

What matters next

The earnings story is shifting from pure growth toward efficiency, pricing discipline, and margin defense.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Pfizer Inc. reported $16.7B in revenue for Q3 2025, down 5.9% YoY and up 13.7% QoQ. The result suggests that although topline pressure remains, quarterly demand may be starting to stabilize.

Revenue Snapshot
Current Quarter $16.7B
Previous Quarter $14.7B
Same Quarter Last Year $17.7B
YoY Change -5.9%
QoQ Change +13.7%

Profitability Analysis

Net income came in at $3.5B, down 20.8% YoY and up 21.7% QoQ. Net margin was 21.3%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $3.5B
EPS $0.62
Net Margin 21.3%
QoQ Margin Change +1.4 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Pfizer Inc.'s revenue in Q3 2025?

Pfizer Inc. reported revenue of $16.7B in Q3 2025.

What was Pfizer Inc.'s net income in Q3 2025?

Pfizer Inc. reported net income of $3.5B in Q3 2025.

How did Pfizer Inc.'s revenue change year over year?

Pfizer Inc.'s revenue decreased by 5.9% year over year in Q3 2025.

What was Pfizer Inc.'s net margin in Q3 2025?

Pfizer Inc.'s net margin was 21.3% in Q3 2025.

Related
Pfizer Inc. Q2 2025 Earnings

Compare this quarter with the previous earnings report.

Related
Pfizer Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Pfizer Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

0.037210s