Merck KGaA (MKGAF)

Merck KGaA Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	8,673	8,630	8,557	8,500	7,325
Gross Profit	12,429	12,526	12,436	13,732	12,362
Selling, General & Admin	5,946	5,794	5,674	5,989	5,458
Research & Development	2,385	2,268	2,438	2,447	2,418
Other Operating Expenses	177	243	486	325	177
Operating Expenses	8,499	8,316	8,600	8,754	8,056
Operating Income	3,930	4,210	3,836	4,978	4,306
Interest Expense	-326	-229	-260	-196	-245
Interest & Investment Income	93	164	172	71	46
Currency Exchange Gain (Loss)	196	52	51	-109	-34
Other Non Operating Income (Expenses)	5	2	26	-3	14
EBT Excluding Unusual Items	3,898	4,199	3,825	4,741	4,087
Merger & Restructuring Charges	-297	-272	-384	-199	-141
Gain (Loss) on Sale of Assets	157	-3	132	45	63
Asset Writedown	-418	-328	-98	-232	-54
Legal Settlements	-54	-48	-1	-6	8
Other Unusual Items	22	-11	10	-61	-39
Pretax Income	3,308	3,537	3,484	4,288	3,924
Income Tax Expense	693	751	650	948	859
Earnings From Continuing Operations	2,615	2,786	2,834	3,340	3,065
Net Income to Company	2,615	2,786	2,834	3,340	3,065
Minority Interest in Earnings	-7	-9	-10	-14	-10
Net Income	2,608	2,777	2,824	3,326	3,055
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	6.50	7.65	7.03
EPS (Diluted)	6.00	6.39	6.49	7.65	7.03
EPS Growth	-6.09%	-1.58%	-15.16%	8.87%	53.75%
Free Cash Flow	2,347	2,884	1,977	2,728	3,550
Free Cash Flow Per Share	5.40	6.63	4.55	6.27	8.16
Dividend Per Share	2.200	2.200	2.200	2.200	1.850
Dividend Growth	-	-	-	18.92%	32.14%
Gross Margin	58.90%	59.21%	59.24%	61.77%	62.79%
Operating Margin	18.62%	19.90%	18.27%	22.39%	21.87%
Profit Margin	12.36%	13.13%	13.45%	14.96%	15.52%
Free Cash Flow Margin	11.12%	13.63%	9.42%	12.27%	18.03%
EBITDA	5,700	5,906	5,514	6,522	5,788
EBITDA Margin	27.01%	27.92%	26.27%	29.34%	29.40%
D&A For EBITDA	1,770	1,696	1,678	1,544	1,482
EBIT	3,930	4,210	3,836	4,978	4,306
EBIT Margin	18.62%	19.90%	18.27%	22.39%	21.87%
Effective Tax Rate	20.95%	21.23%	18.66%	22.11%	21.89%
Advertising Expenses	556	526	515	476	461

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.