Pfizer Inc.PFENYSE
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R&D Expenses Over TimeExpanding
Percentile Rank93
3Y CAGR+1.6%
5Y CAGR+5.0%
Year-over-Year Change

Research and development spending

3Y CAGR
+1.6%/yr
vs +9.4%/yr prior
5Y CAGR
+5.0%/yr
Recent deceleration
Acceleration
-7.9pp
Decelerating
Percentile
P93
Near historical high
vs 5Y Ago
1.3x
Solid growth
Streak
2 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$11.98B+11.5%
2024$10.74B+1.5%
2023$10.58B-7.4%
2022$11.43B-17.4%
2021$13.83B+47.2%
2020$9.39B+12.3%
2019$8.36B+5.0%
2018$7.97B+4.2%
2017$7.64B-2.5%
2016$7.84B-