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	8,632	8,558	8,500	7,325
Gross Profit	12,346	12,524	12,435	13,732	12,362
Selling, General & Admin	5,999	5,884	5,784	5,989	5,458
Research & Development	2,415	2,269	2,439	2,447	2,418
Other Operating Expenses	332	274	510	325	177
Operating Expenses	8,746	8,438	8,735	8,754	8,056
Operating Income	3,600	4,086	3,700	4,978	4,306
Interest Expense	-404	-229	-260	-196	-245
Interest & Investment Income	-	164	172	71	46
Currency Exchange Gain (Loss)	-	48	51	-109	-34
Other Non Operating Income (Expenses)	112	2	26	-3	14
EBT Excluding Unusual Items	3,308	4,071	3,689	4,741	4,087
Merger & Restructuring Charges	-	-144	-248	-199	-141
Gain (Loss) on Sale of Assets	-	-3	132	45	63
Asset Writedown	-	-328	-98	-232	-54
Legal Settlements	-	-48	-1	-6	8
Other Unusual Items	-	-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
Shares Change (YoY)	-0.03%	-	-	-	-
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	-6.06%	-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	1.850
Dividend Growth	-	-	-	18.92%	32.14%
Gross Margin	58.51%	59.20%	59.23%	61.77%	62.79%
Operating Margin	17.06%	19.31%	17.63%	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	5,898	5,782	5,378	6,522	5,788
EBITDA Margin	27.95%	27.33%	25.62%	29.34%	29.40%
D&A For EBITDA	2,298	1,696	1,678	1,544	1,482
EBIT	3,600	4,086	3,700	4,978	4,306
EBIT Margin	17.06%	19.31%	17.63%	22.39%	21.87%
Effective Tax Rate	20.95%	21.23%	18.66%	22.11%	21.89%
Advertising Expenses	-	526	515	476	461

Source: S&P Global Market Intelligence. Standard template. Financial Sources.