Current Liabilities

Deferred Revenue

Pfizer Deferred Revenue decreased by 15.2% to $784.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 48.1%, from $1.51B to $784.00M. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows a downward trend with a -6.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ3 2015
Last reportedQ4 2025

How to read this metric

An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.

Detailed definition

Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...

Peer comparison

High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.

Metric ID: deferred_revenue_current

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$4.29B$3.53B$3.07B$300.00M$200.00M$200.00M$2.52B$13.00B$9.00B$9.00B$2.70B$2.50B$2.53B$2.02B$1.51B$1.01B$1.12B$924.00M$784.00M
QoQ Change-17.8%-13.1%-90.2%-33.3%+0.0%>999%+415.9%-30.8%+0.0%-70.0%-7.3%+1.0%-20.1%-25.2%-33.0%+11.0%-17.7%-15.2%
YoY Change-95.3%-94.3%-17.8%>999%>999%>999%+7.1%-80.8%-71.9%-77.6%-44.0%-59.6%-55.6%-54.3%-48.1%
Range$200.00M$13.00B
CAGR-31.5%
Avg YoY Growth+822.7%
Median YoY Growth-54.3%
Current Streak2 quarters decline

Frequently Asked Questions

What is Pfizer's deferred revenue?
Pfizer (PFE) reported deferred revenue of $784.00M in Q4 2025.
How has Pfizer's deferred revenue changed year-over-year?
Pfizer's deferred revenue decreased by 48.1% year-over-year, from $1.51B to $784.00M.
What is the long-term trend for Pfizer's deferred revenue?
Over 5 years (2020 to 2025), Pfizer's deferred revenue has grown at a -6.8% compound annual growth rate (CAGR), from $1.11B to $784.00M.
What does deferred revenue mean?
Money collected from customers for products or services that haven't been delivered yet but will be within a year.