PFE Pfizer Inc

Q3 2025 10-Q
Filed: Nov 4, 2025Period ending Sep 28, 2025
Health Care
Pharmaceutical PreparationsSEC EDGAR

Pfizer Inc (PFE) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 28, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Revenue $16.7B Q3 2025, down 6% YoY from $17.7B, driven by $1.3B operational decline mainly due to Paxlovid (-55%) and Comirnaty (-20%)
  • Income from continuing ops before tax $3.3B Q3 2025 vs $4.7B Q3 2024; operating margin approx. 19.8% Q3 2025 vs 26.5% Q3 2024 (revenue-based approximation)
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Risk Factors

  • New product withdrawal risk: Voluntary withdrawal of Oxbryta in 2024 due to safety concerns, with EMA maintaining suspension and FDA review ongoing
  • Material regulatory update: IRA Medicare Part D Redesign in 2025 expected to reduce revenue by ~$1 billion, impacting pricing and manufacturer discounts
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Quarterly Financial Summary
XBRL

Revenue

$16.7B

-5.9% YoY +13.7% QoQ

Net Income

$3.5B

-20.7% YoY +21.7% QoQ

Net Margin

21.3%

-396bp YoY +141bp QoQ

ROE

3.8%

Total Assets

$208.7B

EPS (Diluted)

$0.62

-21.5% YoY +21.6% QoQ

Operating Cash Flow

$4.6B

-31.4% YoY +890.9% QoQ

Source: XBRL data from Pfizer Inc Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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