Merck KGaA Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	20,956	21,102	21,156	20,993	22,232	19,687
Revenue Growth (YoY)	-1.69%	-0.26%	0.78%	-5.57%	12.93%	12.28%
Cost of Revenue	8,689	8,756	8,671	8,600	8,527	7,351
Gross Profit	12,267	12,346	12,485	12,392	13,705	12,335
Selling, General & Admin	6,048	5,999	5,906	5,902	6,020	5,531
Depreciation & Amortization Expenses	1,825	-	-	-	-	-
Research & Development	2,521	2,415	2,279	2,445	2,521	2,426
Other Operating Expenses	166	332	654	436	690	201
Total Operating Expenses	10,560	8,746	8,839	8,783	9,231	8,158
Operating Income	3,532	3,601	3,645	3,609	4,474	4,179
Interest Income	36	111	200	197	90	62
Interest Expense	-104	-404	-309	-322	-277	-317
Other Non-Operating Income (Expense)	-242.9	-	-	-	-	-
Total Non-Operating Income (Expense)	-310.9	-293	-109	-125	-187	-255
Pretax Income	3,221	3,308	3,536	3,484	4,287	3,924
Provision for Income Taxes	675.1	693	751	650	948	859
Net Income	2,532	2,608	2,777	2,824	3,326	3,055
Minority Interest in Earnings	13.2	7	9	10	14	10
Net Income to Common	2,532	2,608	2,777	2,824	3,326	3,055
Net Income Growth	-10.14%	-6.09%	-1.66%	-15.09%	8.87%	53.75%
Shares Outstanding (Basic)	434	435	435	435	435	435
Shares Outstanding (Diluted)	434	435	435	435	435	435
Shares Change (YoY)	-0.07%	-	-	-	-	-
EPS (Basic)	5.82	6.00	6.39	6.49	7.65	7.03
EPS (Diluted)	5.82	6.00	6.39	6.49	7.65	7.03
EPS Growth	-10.18%	-6.10%	-1.54%	-15.16%	8.82%	53.83%
Shares Outstanding	434.78	434.78	434.78	434.78	434.78	434.78
Free Cash Flow	2,643	2,347	2,884	1,977	2,728	3,550
Free Cash Flow Growth	12.62%	-18.62%	45.88%	-27.53%	-23.16%	72.00%
Free Cash Flow Per Share	6.08	5.40	6.63	4.55	6.27	8.17
Dividends Per Share	2.200	2.200	2.200	2.200	2.200	1.850
Dividend Growth	-	-	-	-	18.92%	32.14%
Gross Margin	58.54%	58.51%	59.01%	59.03%	61.65%	62.66%
Operating Margin	16.86%	17.06%	17.23%	17.19%	20.12%	21.23%
Profit Margin	21.11%	12.39%	13.17%	13.50%	15.02%	15.57%
FCF Margin	12.61%	11.12%	13.63%	9.42%	12.27%	18.03%
EBITDA	5,854	5,899	5,779	5,489	6,504	5,946
EBITDA Margin	27.94%	27.95%	27.32%	26.15%	29.26%	30.20%
EBIT	3,532	3,601	3,645	3,609	4,474	4,179
EBIT Margin	16.86%	17.06%	17.23%	17.19%	20.12%	21.23%
Effective Tax Rate	20.96%	20.95%	21.24%	18.66%	22.11%	21.89%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.