Merck & Co. Balance Sheet

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

Millions USD. 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
Cash & Equivalents	5,327	14,565	13,242	6,841	12,694	8,096
Short-Term Investments	375	-	447	252	498	-
Cash & Short-Term Investments	5,702	14,565	13,689	7,093	13,192	8,096
Cash Growth	-38.21%	6.40%	92.99%	-46.23%	62.94%	0.57%
Accounts Receivable	12,210	11,775	10,278	10,349	9,450	9,230
Inventory	6,479	6,658	6,109	6,358	5,911	5,953
Other Current Assets	10,624	10,518	8,706	8,368	7,169	6,987
Total Current Assets	35,015	43,516	38,782	32,168	35,722	30,266
Net Property, Plant & Equipment	25,433	25,316	23,779	23,051	21,422	19,279
Other Intangible Assets	25,745	26,681	16,370	18,011	20,269	22,933
Goodwill	21,581	21,579	21,668	21,197	21,204	21,264
Long-Term Investments	1,105	956	463	252	1,015	370
Other Long-Term Assets	19,806	18,818	16,044	11,996	9,528	11,582
Total Assets	128,685	136,866	117,106	106,675	109,160	105,694
Accounts Payable	3,863	4,404	4,079	3,922	4,264	4,609
Accrued Expenses	14,549	14,468	15,694	15,766	14,159	13,859
Short-Term Debt	2,444	2,589	2,649	1,372	1,946	2,412
Other Current Liabilities	6,089	6,866	5,998	4,634	3,870	2,992
Total Current Liabilities	26,945	28,327	28,420	25,694	24,239	23,872
Long-Term Debt	46,673	46,750	34,462	33,683	28,745	30,690
Other Long-Term Liabilities	9,136	9,127	7,852	9,663	10,118	12,875
Total Long-Term Liabilities	55,809	55,877	42,314	43,346	38,863	43,565
Total Liabilities	82,754	84,204	70,734	69,040	63,102	67,437
Common Stock	1,788	1,788	1,788	1,788	1,788	1,788
Treasury Stock	-63,747	-62,999	-58,303	-57,450	-56,489	-57,109
Additional Paid-in Capital	45,176	45,029	44,704	44,509	44,379	44,238
Accumulated Other Comprehensive Income	-4,060	-4,287	-4,945	-5,161	-4,768	-4,429
Retained Earnings	66,721	73,075	63,069	53,895	61,081	53,696
Total Common Shareholders' Equity	45,878	52,606	46,313	37,581	45,991	38,184
Minority Interest	53	56	59	54	67	73
Shareholders' Equity	45,931	52,662	46,372	37,635	46,058	38,257
Total Liabilities & Equity	128,685	136,866	117,106	106,675	109,160	105,694
Total Debt	49,117	49,339	37,111	35,055	30,691	33,102
Net Cash (Debt)	-43,415	-34,774	-23,422	-27,962	-17,499	-25,006
Net Cash Per Share	-17.42	-13.87	-9.22	-10.98	-6.88	-9.85
Book Value	45,878	52,606	46,313	37,581	45,991	38,184
Book Value Per Share	18.40	20.98	18.23	14.76	18.09	15.04
Tangible Book Value	-1,448	4,346	8,275	-1,627	4,518	-6,013
Tangible Book Value Per Share	-0.58	1.73	3.26	-0.64	1.78	-2.37

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q