Merck & Co., Inc. (MRK)
NYSE: MRK · Real-Time Price · USD
109.18
-1.77 (-1.60%)
At close: Apr 30, 2026, 4:00 PM EDT
111.69
+2.51 (2.30%)
Pre-market: May 1, 2026, 9:13 AM EDT
Merck & Co. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
| 16,286 | 16,400 | 17,276 | 15,806 | 15,529 | 15,624 | 16,657 | 16,112 | 15,775 | 14,630 | 15,962 | 15,035 | 14,487 | 13,830 | 14,959 | 14,593 | 15,901 | 13,521 | 13,154 | 11,402 | |
Revenue Growth (YoY) | 4.88% | 4.97% | 3.72% | -1.90% | -1.56% | 6.79% | 4.35% | 7.16% | 8.89% | 5.79% | 6.71% | 3.03% | -8.89% | 2.28% | 13.72% | 27.99% | 49.63% | 123.89% | 20.36% | 21.91% |
Cost of Revenue | 4,195 | 5,551 | 3,855 | 3,557 | 3,419 | 3,828 | 4,080 | 3,745 | 3,540 | 3,912 | 4,264 | 4,024 | 3,926 | 3,881 | 3,934 | 4,216 | 5,380 | 3,874 | 3,450 | 3,104 |
Gross Profit | 12,091 | 10,849 | 13,421 | 12,249 | 12,110 | 11,796 | 12,577 | 12,367 | 12,235 | 10,718 | 11,698 | 11,011 | 10,561 | 9,949 | 11,025 | 10,377 | 10,521 | 9,647 | 9,704 | 8,298 |
Selling, General & Admin | 2,700 | 2,898 | 2,633 | 2,649 | 2,552 | 2,864 | 2,731 | 2,739 | 2,483 | 2,804 | 2,519 | 2,702 | 2,479 | 2,687 | 2,520 | 2,512 | 2,323 | 2,830 | 2,336 | 2,281 |
Research & Development | 12,592 | 3,886 | 4,234 | 4,048 | 3,621 | 4,584 | 5,862 | 3,500 | 3,992 | 9,627 | 3,307 | 13,321 | 4,276 | 3,775 | 4,399 | 2,798 | 2,576 | 3,068 | 2,445 | 4,321 |
Other Operating Expenses | 195 | 213 | 47 | 560 | 69 | 51 | 56 | 80 | 123 | 255 | 126 | 151 | 67 | 49 | 94 | 142 | 53 | 174 | 107 | 82 |
Total Operating Expenses | 15,487 | 6,997 | 6,914 | 7,257 | 6,242 | 7,499 | 8,649 | 6,319 | 6,598 | 12,686 | 5,952 | 16,174 | 6,822 | 6,511 | 7,013 | 5,452 | 4,952 | 6,072 | 4,888 | 6,684 |
Operating Income | -3,396 | 3,852 | 6,507 | 4,992 | 5,868 | 4,297 | 3,928 | 6,048 | 5,637 | -1,968 | 5,746 | -5,163 | 3,739 | 3,438 | 4,012 | 4,925 | 5,569 | 3,575 | 4,816 | 1,614 |
Total Non-Operating Income (Expense) | -138 | -432 | 238 | 7 | 35 | -127 | 162 | -42 | 33 | -78 | -126 | -172 | -89 | 75 | -429 | -438 | -708 | 334 | 450 | 103 |
Pretax Income | -3,534 | 3,420 | 6,745 | 4,999 | 5,903 | 4,170 | 4,090 | 6,006 | 5,670 | -2,046 | 5,620 | -5,335 | 3,650 | 3,513 | 3,583 | 4,487 | 4,861 | 3,909 | 5,266 | 1,717 |
Provision for Income Taxes | 709 | 458 | 958 | 571 | 818 | 426 | 929 | 545 | 903 | -820 | 870 | 637 | 825 | 495 | 330 | 538 | 554 | 85 | 695 | 503 |
Net Income | -4,240 | 2,963 | 5,785 | 4,427 | 5,079 | 3,743 | 3,157 | 5,455 | 4,762 | -1,226 | 4,745 | -5,975 | 2,821 | 3,017 | 3,248 | 3,944 | 4,310 | 3,758 | 4,567 | 1,545 |
Minority Interest in Earnings | -3 | -1 | 2 | 1 | 6 | 1 | 4 | 6 | 5 | 0 | 5 | 3 | 4 | 1 | 5 | 5 | -3 | 4 | 4 | 1 |
Earnings From Discontinued Operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -62 | - | 332 |
Net Income to Common | -4,240 | 2,963 | 5,785 | 4,427 | 5,079 | 3,743 | 3,157 | 5,455 | 4,762 | -1,226 | 4,745 | -5,975 | 2,821 | 3,017 | 3,248 | 3,944 | 4,310 | 3,758 | 4,567 | 1,545 |
Net Income Growth | - | -20.84% | 83.24% | -18.84% | 6.66% | - | -33.47% | - | 68.81% | - | 46.09% | - | -34.55% | -19.72% | -28.88% | 155.28% | 35.58% | - | 55.29% | -48.53% |
Shares Outstanding (Basic) | 2,472 | 2,488 | 2,495 | 2,510 | 2,531 | 2,537 | 2,534 | 2,534 | 2,544 | 2,533 | 2,546 | 2,539 | 2,551 | 2,548 | 2,542 | 2,540 | 2,537 | 2,527 | 2,530 | 2,533 |
Shares Outstanding (Diluted) | 2,472 | 2,488 | 2,498 | 2,513 | 2,531 | 2,537 | 2,541 | 2,544 | 2,544 | 2,533 | 2,546 | 2,539 | 2,551 | 2,548 | 2,542 | 2,540 | 2,537 | 2,535 | 2,536 | 2,540 |
Shares Change (YoY) | -2.33% | -1.93% | -1.69% | -1.22% | -0.51% | 0.16% | -0.20% | 0.20% | -0.27% | -0.59% | 0.16% | -0.04% | 0.55% | 0.51% | 0.24% | - | -0.16% | 0.20% | -0.08% | 0.16% |
EPS (Basic) | -1.72 | 1.19 | 2.32 | 1.76 | 2.01 | 1.48 | 1.25 | 2.15 | 1.87 | -0.48 | 1.86 | -2.35 | 1.11 | 1.18 | 1.28 | 1.55 | 1.70 | 1.51 | 1.81 | 0.61 |
EPS (Diluted) | -1.72 | 1.19 | 2.32 | 1.76 | 2.01 | 1.48 | 1.24 | 2.14 | 1.87 | -0.48 | 1.86 | -2.35 | 1.11 | 1.18 | 1.28 | 1.55 | 1.70 | 1.51 | 1.80 | 0.61 |
EPS Growth | - | -19.60% | 87.10% | -17.76% | 7.49% | - | -33.33% | - | 68.47% | - | 45.31% | - | -34.71% | -21.85% | -28.89% | 154.10% | 36.00% | - | 95.65% | -48.30% |
Shares Outstanding | 2,472 | 2,475 | 2,487 | 2,503 | 2,516 | 2,528 | 2,532 | 2,536 | 2,533 | 2,532 | 2,535 | 2,539 | 2,537 | 2,538 | 2,533 | 2,533 | 2,528 | 2,528 | 2,525 | 2,533 |
Free Cash Flow | 0 | 1,824 | 6,835 | 2,529 | 1,172 | 2,513 | 8,508 | 4,846 | 2,229 | -743 | 6,815 | 2,739 | 332 | 3,281 | 4,476 | 3,173 | 3,777 | 3,823 | 3,625 | 1,181 |
Free Cash Flow Growth | - | -27.42% | -19.66% | -47.81% | -47.42% | - | 24.84% | 76.93% | 571.39% | - | 52.26% | -13.68% | -91.21% | -14.18% | 23.48% | 168.67% | 432.72% | - | 397.94% | -13.73% |
Free Cash Flow Per Share | - | 0.73 | 2.74 | 1.01 | 0.46 | 0.99 | 3.35 | 1.90 | 0.88 | -0.29 | 2.68 | 1.08 | 0.13 | 1.29 | 1.76 | 1.25 | 1.49 | 1.51 | 1.43 | 0.46 |
Dividends Per Share | 0.850 | 0.810 | 0.810 | 0.810 | 0.810 | 0.770 | 0.770 | 0.770 | 0.770 | 0.730 | 0.730 | 0.730 | 0.730 | 0.690 | 0.690 | 0.690 | 0.690 | 0.650 | 0.650 | 0.650 |
Dividend Growth | 4.94% | 5.20% | 5.20% | 5.20% | 5.20% | 5.48% | 5.48% | 5.48% | 5.48% | 5.80% | 5.80% | 5.80% | 5.80% | 6.15% | 6.15% | 6.15% | 6.15% | 6.56% | 6.56% | 6.56% |
Gross Margin | 74.24% | 66.15% | 77.69% | 77.50% | 77.98% | 75.50% | 75.51% | 76.76% | 77.56% | 73.26% | 73.29% | 73.24% | 72.90% | 71.94% | 73.70% | 71.11% | 66.17% | 71.35% | 73.77% | 72.78% |
Operating Margin | -20.85% | 23.49% | 37.66% | 31.58% | 37.79% | 27.50% | 23.58% | 37.54% | 35.73% | -13.45% | 36.00% | -34.34% | 25.81% | 24.86% | 26.82% | 33.75% | 35.02% | 26.44% | 36.61% | 14.16% |
Profit Margin | -26.05% | 18.06% | 33.50% | 28.01% | 32.75% | 23.96% | 18.98% | 33.89% | 30.22% | -8.38% | 29.76% | -39.72% | 19.50% | 21.82% | 21.75% | 27.06% | 27.09% | 28.28% | 34.75% | 10.65% |
FCF Margin | 0.00% | 11.12% | 39.56% | 16.00% | 7.55% | 16.08% | 51.08% | 30.08% | 14.13% | -5.08% | 42.70% | 18.22% | 2.29% | 23.72% | 29.92% | 21.74% | 23.75% | 28.27% | 27.56% | 10.36% |
EBITDA | -3,396 | 6,318 | 7,661 | 6,111 | 6,967 | 5,494 | 5,114 | 7,180 | 6,621 | -1,004 | 6,760 | -4,260 | 4,730 | 4,330 | 4,971 | 5,863 | 6,689 | 4,410 | 5,575 | 2,342 |
EBITDA Margin | -20.85% | 38.52% | 44.34% | 38.66% | 44.86% | 35.16% | 30.70% | 44.56% | 41.97% | -6.86% | 42.35% | -28.33% | 32.65% | 31.31% | 33.23% | 40.18% | 42.07% | 32.62% | 42.38% | 20.54% |
EBIT | -3,396 | 3,852 | 6,507 | 4,992 | 5,868 | 4,297 | 3,928 | 6,048 | 5,637 | -1,968 | 5,746 | -5,163 | 3,739 | 3,438 | 4,012 | 4,925 | 5,569 | 3,575 | 4,816 | 1,614 |
EBIT Margin | -20.85% | 23.49% | 37.66% | 31.58% | 37.79% | 27.50% | 23.58% | 37.54% | 35.73% | -13.45% | 36.00% | -34.34% | 25.81% | 24.86% | 26.82% | 33.75% | 35.02% | 26.44% | 36.61% | 14.16% |
Effective Tax Rate | -20.06% | 13.39% | 14.20% | 11.42% | 13.86% | 10.22% | 22.71% | 9.07% | 15.93% | 40.08% | 15.48% | -11.94% | 22.60% | 14.09% | 9.21% | 11.99% | 11.40% | 2.17% | 13.20% | 29.30% |
Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.