The advertising costs of Pfizer totaled approximately two billion U.S. dollars in 2021, an increase of 200 million U.S. dollars compared to the previous year. The company’s advertising spend has averaged around three billion U.S. dollars per year from 2013 to 2017, but has dropped constantly after that.
What are Pfizer’s biggest expenses?
Pfizer spent around 12.7 billion U.S. dollars on selling, informational, and administrative expenses in 2021 – this segment, which includes advertising costs, accounted for the company’s second biggest expense during the year. Spending on research and development is another of Pfizer’s highest costs, but discovering new drugs and adding value to existing products is vital to the success of the company.
Pfizer’s home in the city that doesn’t sleep
Pfizer has properties in more than 90 countries and a global workforce of approximately 79,000 employees. The company’s global headquarters is based in New York City, but plans are in place to move across Manhattan to a new property in 2022. Pfizer’s roots in the city can be traced back to 1849 when cousins Charles Pfizer and Charles Erhart founded the company in Brooklyn.
Pfizer's ad spending from 2008 to 2021
(in billion U.S. dollars)
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Pfizer. (February 24, 2022). Pfizer's ad spending from 2008 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 20, 2022, from https://www.statista.com/statistics/254404/us-ad-spending-of-pfizer/
Pfizer. "Pfizer's ad spending from 2008 to 2021 (in billion U.S. dollars) ." Chart. February 24, 2022. Statista. Accessed May 20, 2022. https://www.statista.com/statistics/254404/us-ad-spending-of-pfizer/
Pfizer. (2022). Pfizer's ad spending from 2008 to 2021 (in billion U.S. dollars) . Statista. Statista Inc.. Accessed: May 20, 2022. https://www.statista.com/statistics/254404/us-ad-spending-of-pfizer/
Pfizer. "Pfizer's Ad Spending from 2008 to 2021 (in Billion U.S. Dollars) ." Statista, Statista Inc., 24 Feb 2022, https://www.statista.com/statistics/254404/us-ad-spending-of-pfizer/
Pfizer, Pfizer's ad spending from 2008 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/254404/us-ad-spending-of-pfizer/ (last visited May 20, 2022)