Merck KGaA Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21,102	21,156	20,993	22,232	19,687
Revenue Growth (YoY)	-0.26%	0.78%	-5.57%	12.93%	12.28%
Cost of Revenue	8,756	8,671	8,600	8,527	7,351
Gross Profit	12,346	12,485	12,392	13,705	12,335
Selling, General & Admin	5,999	5,906	5,902	6,020	5,531
Research & Development	2,415	2,279	2,445	2,521	2,426
Other Operating Expenses	332	654	436	690	201
Total Operating Expenses	8,746	8,839	8,783	9,231	8,158
Operating Income	3,601	3,645	3,609	4,474	4,179
Interest Income	111	200	197	90	62
Interest Expense	-404	-309	-322	-277	-317
Total Non-Operating Income (Expense)	-293	-109	-125	-187	-255
Pretax Income	3,308	3,536	3,484	4,287	3,924
Provision for Income Taxes	693	751	650	948	859
Net Income	2,608	2,777	2,824	3,326	3,055
Minority Interest in Earnings	7	9	10	14	10
Net Income to Common	2,608	2,777	2,824	3,326	3,055
Net Income Growth	-6.09%	-1.66%	-15.09%	8.87%	53.75%
Shares Outstanding (Basic)	435	435	435	435	435
Shares Outstanding (Diluted)	435	435	435	435	435
EPS (Basic)	6.00	6.39	6.49	7.65	7.03
EPS (Diluted)	6.00	6.39	6.49	7.65	7.03
EPS Growth	-6.10%	-1.54%	-15.16%	8.82%	53.83%
Shares Outstanding	434.78	434.78	434.78	434.78	434.78
Free Cash Flow	2,347	2,884	1,977	2,728	3,550
Free Cash Flow Growth	-18.62%	45.88%	-27.53%	-23.16%	72.00%
Free Cash Flow Per Share	5.40	6.63	4.55	6.27	8.17
Dividends Per Share	2.200	2.200	2.200	2.200	1.850
Dividend Growth	-	-	-	18.92%	32.14%
Gross Margin	58.51%	59.01%	59.03%	61.65%	62.66%
Operating Margin	17.06%	17.23%	17.19%	20.12%	21.23%
Profit Margin	12.39%	13.17%	13.50%	15.02%	15.57%
FCF Margin	11.12%	13.63%	9.42%	12.27%	18.03%
EBITDA	5,899	5,779	5,489	6,504	5,946
EBITDA Margin	27.95%	27.32%	26.15%	29.26%	30.20%
EBIT	3,601	3,645	3,609	4,474	4,179
EBIT Margin	17.06%	17.23%	17.19%	20.12%	21.23%
Effective Tax Rate	20.95%	21.24%	18.66%	22.11%	21.89%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.