Merck & Co., Inc. (BMV:MRK)

Merck & Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	63,616	64,168	60,115	59,283	48,704	41,518
Revenue Growth (YoY)	1.82%	6.74%	1.40%	21.72%	17.31%	6.13%
Cost of Revenue	14,884	15,193	16,126	17,411	13,626	13,618
Gross Profit	48,732	48,975	43,989	41,872	35,078	27,900
Selling, General & Admin	10,796	10,816	10,504	10,042	9,634	8,955
Research & Development	18,115	17,938	30,531	13,548	12,245	13,397
Other Operating Expenses	736	309	599	337	661	575
Operating Income	19,085	19,912	2,355	17,945	12,538	4,973
Total Non-Operating Income (Expense)	77	24	-466	-1,501	1,341	890
Pretax Income	19,162	19,936	1,889	16,444	13,879	5,863
Provision for Income Taxes	2,744	2,803	1,512	1,918	1,521	1,340
Net Income	16,406	17,117	365	14,519	13,049	7,067
Minority Interest in Earnings	12	16	12	7	13	4
Earnings From Discontinued Operations	-	-	-	-	704	2,548
Net Income to Common	16,406	17,117	365	14,519	13,049	7,067
Net Income Growth	19.44%	4589.59%	-97.49%	11.27%	84.65%	-28.20%
Shares Outstanding (Basic)	2,523	2,532	2,537	2,532	2,530	2,530
Shares Outstanding (Diluted)	2,526	2,541	2,547	2,542	2,538	2,541
Shares Change (YoY)	-0.92%	-0.24%	0.20%	0.16%	-0.12%	-1.51%
EPS (Basic)	6.50	6.76	0.14	5.73	4.88	1.79
EPS (Diluted)	6.24	6.74	0.14	5.71	4.86	1.78
EPS Growth	15.77%	4714.29%	-97.55%	17.49%	173.03%	-53.28%
Free Cash Flow	14,722	18,096	9,143	14,707	9,661	5,824
Free Cash Flow Growth	-18.64%	97.92%	-37.83%	52.23%	65.88%	-42.74%
Free Cash Flow Per Share	5.83	7.12	3.59	5.79	3.81	2.29
Dividends Per Share	3.160	3.080	2.920	2.760	2.600	2.440
Dividend Growth	2.60%	5.48%	5.80%	6.15%	6.56%	10.91%
Gross Margin	76.60%	76.32%	73.17%	70.63%	72.02%	67.20%
Operating Margin	30.00%	31.03%	3.92%	30.27%	25.74%	11.98%
Profit Margin	25.81%	26.70%	0.63%	24.50%	25.37%	10.89%
FCF Margin	23.14%	28.20%	15.21%	24.81%	19.84%	14.03%
EBITDA	23,686	24,411	6,227	21,854	15,752	8,459
EBITDA Margin	37.23%	38.04%	10.36%	36.86%	32.34%	20.37%
EBIT	19,085	19,912	2,355	17,945	12,538	4,973
EBIT Margin	30.00%	31.03%	3.92%	30.27%	25.74%	11.98%
Effective Tax Rate	14.32%	14.06%	80.04%	11.66%	10.96%	22.86%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.