Merck & Co., Inc. (MRK)
NYSE: MRK · Real-Time Price · USD
128.50
-0.88 (-0.68%)
At close: Jun 30, 2026, 4:00 PM EDT
128.00
-0.50 (-0.39%)
After-hours: Jun 30, 2026, 7:57 PM EDT
Merck & Co. Cash Flow 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 |
Net Income | -4,243 | 2,962 | 5,787 | 4,429 | 5,085 | 3,744 | 3,161 | 5,461 | 4,767 | -1,226 | 4,750 | -5,972 | 2,825 | 3,018 | 3,252 | 3,949 | 4,307 | 3,824 | 4,571 | 1,214 |
Depreciation & Amortization | 1,512 | 2,466 | 1,154 | 1,119 | 1,099 | 1,197 | 1,186 | 1,132 | 984 | 964 | 1,014 | 903 | 991 | 892 | 959 | 938 | 1,120 | 835 | 759 | 728 |
Stock-Based Compensation | 185 | 205 | 204 | 216 | 195 | 187 | 195 | 203 | 176 | 167 | 164 | 169 | 145 | 145 | 139 | 137 | 120 | 119 | 117 | 132 |
Other Adjustments | 8,077 | -512 | -637 | -212 | -167 | 838 | 1,467 | -147 | 545 | -595 | -401 | 5,132 | 268 | 722 | 79 | 677 | 513 | 362 | -511 | 601 |
Changes in Other Operating Activities | -1,613 | - | 1,314 | -2,259 | -3,712 | - | 2,582 | -1,012 | -3,382 | - | 2,177 | -1,636 | -2,890 | - | 263 | -1,399 | -1,299 | -64 | -139 | -963 |
Operating Cash Flow | 3,918 | 2,857 | 7,822 | 3,293 | 2,500 | 3,450 | 9,291 | 5,637 | 3,090 | 246 | 7,717 | 3,704 | 1,339 | 4,430 | 5,602 | 4,302 | 4,761 | 5,031 | 4,797 | 2,490 |
Operating Cash Flow Growth | 56.72% | -17.19% | -15.81% | -41.58% | -19.09% | 1302.44% | 20.40% | 52.19% | 130.77% | -94.45% | 37.75% | -13.90% | -71.88% | -11.95% | 16.78% | 72.77% | 165.83% | 744.13% | 120.75% | 22.24% |
Capital Expenditures | -991 | -1,033 | -987 | -764 | -1,328 | -937 | -783 | -791 | -861 | -989 | -902 | -965 | -1,007 | -1,149 | -1,126 | -1,129 | -984 | -1,208 | -1,172 | -986 |
Purchases of Investments | -374 | 0 | 0 | -612 | -595 | -455 | 0 | -49 | -15 | -151 | -117 | -25 | -562 | -494 | -5 | -333 | -372 | 0 | 0 | 0 |
Proceeds from Sale of Investments | - | 46 | 575 | 601 | 456 | 7 | 50 | 60 | 260 | 169 | 704 | 285 | 500 | 12 | 335 | 373 | 1 | 529 | 111 | 0 |
Payments for Business Acquisitions | -8,779 | - | - | - | - | -2 | 0 | 0 | -746 | 0 | 0 | -5,353 | -1,327 | - | - | - | - | -90 | 1 | -822 |
Other Investing Activities | -66 | -172 | 129 | 5 | -20 | -57 | 233 | -289 | -14 | -21 | -19 | -33 | 37 | -117 | -45 | 12 | 182 | -106 | -1 | -77 |
Investing Cash Flow | -10,210 | -11,201 | -283 | -770 | -1,487 | -1,444 | -3,845 | -1,069 | -1,376 | 53 | -334 | -11,443 | -2,359 | -1,748 | -962 | -1,077 | -1,173 | -12,049 | -1,061 | -2,707 |
Long-Term Debt Issued | - | 7,918 | 5,962 | - | - | 0 | -1 | 1,800 | - | 0 | -7 | 2,973 | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | -1,140 | -2 | -1 | 0 | -2,500 | -539 | 0 | 0 | -751 | -3 | -1 | -1,750 | -1 | -1 | -1,000 | 0 | -1,250 | -2,833 | 0 | 0 |
Net Long-Term Debt Issued (Repaid) | -1,140 | 7,916 | 5,961 | 0 | -2,500 | -539 | -1 | 1,800 | -751 | -3 | -8 | 1,223 | -1 | -1 | -1,000 | 0 | -1,250 | -2,833 | 0 | 0 |
Issuance of Common Stock | 157 | 47 | 14 | 12 | 19 | 12 | 5 | 73 | 87 | 6 | 7 | 82 | 30 | 265 | 10 | 97 | 12 | 134 | 17 | 42 |
Repurchase of Common Stock | -874 | -1,252 | -1,323 | -1,345 | -1,164 | -489 | -444 | -251 | -122 | -393 | -466 | -338 | -149 | - | - | - | - | -18 | -583 | -119.5 |
Net Common Stock Issued (Repurchased) | -717 | -1,205 | -1,309 | -1,333 | -1,145 | -477 | -439 | -178 | -35 | -387 | -459 | -256 | -119 | 265 | 10 | 97 | 12 | 116 | -566 | -77.5 |
Common Dividends Paid | -2,105 | -2,018 | -2,031 | -2,077 | -2,050 | -1,951 | -1,953 | -1,986 | -1,950 | -1,852 | -1,855 | -1,885 | -1,853 | -1,750 | -1,747 | -1,770 | -1,745 | -1,643 | -1,649 | -1,673 |
Other Financing Activities | -1,124 | -1,897 | -2,014 | -2,223 | -2,110 | -1,993 | -1,985 | -2,206 | -2,028 | -1,855 | -1,865 | -1,151 | -1,934 | -1,818 | -1,712 | -1,874 | -1,848 | -1,679 | -1,708 | -2,293 |
Financing Cash Flow | -2,981 | 4,751 | 2,638 | -3,556 | -5,755 | -3,009 | -2,425 | 1,216 | -2,814 | -2,245 | -4,269 | 3,758 | -2,054 | -1,554 | -2,702 | -1,777 | -3,086 | 5,207 | -2,274 | 2,010 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -19 | 23 | 10 | 374 | 156 | -367 | 294 | -82 | -138 | 186 | -157 | -93 | 87 | 366 | -412 | -309 | -55 | -68 | -46 | 78 |
Net Cash Flow | -9,292 | -3,570 | 10,187 | -659 | -4,586 | -1,370 | 3,315 | 5,702 | -1,238 | -1,760 | 2,957 | -4,074 | -2,987 | 1,494 | 1,526 | 1,139 | 447 | -1,879 | 1,416 | 1,619 |
Free Cash Flow | 2,927 | 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 | 1,504 |
Free Cash Flow Growth | 149.74% | -27.42% | -19.66% | -47.81% | -47.42% | - | 24.84% | 76.93% | 571.39% | - | 52.26% | -13.68% | -91.21% | -14.18% | 23.48% | 110.97% | 432.72% | - | 397.94% | 9.86% |
FCF Margin | 17.97% | 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% | 13.19% |
Free Cash Flow Per Share | 1.18 | 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 | 0.59 |
Levered Free Cash Flow | -6,472 | 12,312 | 13,227 | 2,523 | -1,362 | 3,464 | 6,141 | 6,584 | 752 | -1,254 | 7,026 | -6,450 | -86 | 2,759 | 2,344 | 2,354 | 1,897 | 488 | 4,015 | 324 |
Unlevered Free Cash Flow | -5,169 | 4,769 | 7,064 | 2,518 | 1,114 | 4,118 | 6,021 | 4,828 | 1,480 | -1,204 | 7,145 | -7,477 | -12.12 | 2,697 | 3,738 | 2,744 | 3,771 | 3,060 | 3,628 | -79.83 |