PFIZER INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
PFE$29.36+0.4%Stored close · as of Nov 10, 2026
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New Accounting Standards
Recently Adopted Accounting Standards
See Note 1B.
| Recently Issued Accounting Standards, Not Adopted as of December 31, 2025 | ||
|---|---|---|
| Standard/Description | Effective Date | Effect on the Financial Statements |
| In November 2024, the FASB issued final guidance which requires disaggregated disclosures of certain categories of expenses that are included in expense line items on the face of the income statement. The disclosures are required on an annual and interim basis. The guidance also requires the total amount of selling expenses to be disclosed and, on an annual basis, the definition of selling expenses. The guidance may be applied on a prospective or a retrospective basis. | 2027 for annual reports and 2028 for interim reports. Early adoption is permitted. | This new guidance will result in increased disclosures in the notes to our financial statements. |
| In September 2025, the FASB issued final guidance to modernize the accounting for internal use software costs. The guidance requires entities to start capitalizing eligible costs when (1) management has authorized and committed to funding the software project, and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The guidance can be applied on a prospective basis, a modified basis for in-process projects, or a retrospective basis. | January 1, 2028, with early adoption permitted. | We are assessing the impact but currently do not expect this new guidance to have a material impact on our consolidated financial statements. |
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