PFE · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
PFIZER INC · 2026-08-04 · Importance 48 · Surprise 32 · No source text
First-six-month 2026 revenue increased 4% to $29.5 billion, with operational growth of 2%; excluding Comirnaty and Paxlovid, revenue increased 6% operationally. Growth was led by Eliquis, Padcev, the Vyndaqel family, Lorbrena, Nurtec ODT/Vydura and oncology biosimilars, while COVID-19 products declined. Eliquis revenue increased 14% operationally year to date to $4.6 billion, driven by higher global demand and U.S. pricing and channel-mix factors. Vyndaqel revenue increased 6% operationally to $3.4 billion, supported by U.S. market expansion, increased diagnosis internationally and improved access in certain international markets.
Key facts
- Padcev QTD global revenues $667 million, up 23% operationally; YTD $1,258 million, up 30% operationally. source
- Eliquis QTD global revenues $2,425 million, up 19% operationally, U.S. $1,651 million and International $774 million (worldwide $2,425 / $2,003 prior). source
- Total revenues in the second quarter of 2026: $15.0 billion, increased $381 million or 3% from $14.7 billion in the second quarter of 2025. source
- Total revenues in the first six months of 2026: $29.5 billion, increased $1.1 billion or 4% from $28.4 billion in the first six months of 2025. source
- Worldwide Biopharma revenue for the three months ended June 28, 2026: $14,661 million; for three months ended June 29, 2025: $14,305 million. source
- Vyndaqel family QTD global revenues $1,762 million, up 8% operationally, worldwide prior period $1,615 million. source
- Comirnaty QTD global revenues $261 million, down 34% operationally; YTD $493 million, down 49% operationally. source
- Paxlovid QTD global revenues $21 million, down 95% operationally; YTD $207 million, down 78% operationally. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +7.3% | Total revenues in the first six months of 2026: $29.5 billion, increased $1.1 billion or 4% from $28.4 billion in the first six months of… |
| revenue | positive | realized | +2.8% | Eliquis QTD global revenues $2,425 million, up 19% operationally, U.S. $1,651 million and International $774 million (worldwide $2,425 /… |
| revenue | positive | realized | +2.5% | Total revenues in the second quarter of 2026: $15.0 billion, increased $381 million or 3% from $14.7 billion in the second quarter of 2025. |
| revenue | positive | realized | +2.4% | Worldwide Biopharma revenue for the three months ended June 28, 2026: $14,661 million; for three months ended June 29, 2025: $14,305… |
| revenue | positive | realized | +1.7% | Comirnaty QTD global revenues $261 million, down 34% operationally; YTD $493 million, down 49% operationally. |
| revenue | positive | realized | +1.7% | Comirnaty QTD global revenues $261 million, down 34% operationally; YTD $493 million, down 49% operationally. |
| revenue | positive | realized | +1.0% | Vyndaqel family QTD global revenues $1,762 million, up 8% operationally, worldwide prior period $1,615 million. |
| revenue | positive | realized | +0.7% | Paxlovid QTD global revenues $21 million, down 95% operationally; YTD $207 million, down 78% operationally. |
| revenue | positive | realized | +0.1% | Paxlovid QTD global revenues $21 million, down 95% operationally; YTD $207 million, down 78% operationally. |
| revenue | positive | realized | — | Padcev QTD global revenues $667 million, up 23% operationally; YTD $1,258 million, up 30% operationally. |