Merck & Co., Inc. (MRK)
NYSE: MRK · Real-Time Price · USD
147.76
-0.59 (-0.40%)
At close: Aug 31, 2026, 4:00 PM EDT
148.32
+0.56 (0.38%)
After-hours: Aug 31, 2026, 7:58 PM EDT
Merck & Co. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
| 16,607 | 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 | |
Revenue Growth (YoY) | 5.07% | 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% | 23.50% | 20.36% |
Cost of Revenue | 4,128 | 3,875 | 4,295 | 3,745 | 3,392 | 3,383 | 3,707 | 3,888 | 3,679 | 3,424 | 3,795 | 4,231 | 3,992 | 3,897 | 3,843 | 3,880 | 4,149 | 5,334 | 4,087 | 3,402 |
Gross Profit | 12,479 | 12,411 | 12,105 | 13,531 | 12,414 | 12,146 | 11,917 | 12,769 | 12,433 | 12,351 | 10,835 | 11,731 | 11,043 | 10,590 | 9,987 | 11,079 | 10,444 | 10,567 | 9,434 | 9,752 |
Selling, General & Admin | 2,777 | 2,566 | 2,733 | 2,481 | 2,496 | 2,404 | 2,691 | 2,543 | 2,549 | 2,318 | 2,641 | 2,341 | 2,539 | 2,363 | 2,596 | 2,434 | 2,458 | 2,181 | 2,767 | 2,371 |
Research & Development | 9,742 | 3,558 | 3,997 | 4,001 | 3,995 | 3,521 | 1,129 | 5,862 | 3,500 | 3,334 | 8,848 | 3,307 | 2,622 | 3,084 | 3,062 | 3,511 | 2,776 | 2,569 | 3,067 | 2,338 |
Operating Expenses | 12,519 | 6,124 | 6,730 | 6,482 | 6,491 | 5,925 | 3,820 | 8,405 | 6,049 | 5,652 | 11,489 | 5,648 | 5,161 | 5,447 | 5,658 | 5,945 | 5,234 | 4,750 | 5,834 | 4,709 |
Operating Income | -40 | 6,287 | 5,375 | 7,049 | 5,923 | 6,221 | 8,097 | 4,364 | 6,384 | 6,699 | -654 | 6,083 | 5,882 | 5,143 | 4,329 | 5,134 | 5,210 | 5,817 | 3,600 | 5,043 |
Interest Expense | -525 | -479 | -411 | -327 | -305 | -313 | -328 | -330 | -310 | -303 | -310 | -317 | -277 | -242 | -235 | -244 | -240 | -243 | -209 | -196 |
Interest & Investment Income | 35 | 35 | 69 | 96 | 69 | 109 | 146 | 127 | 69 | 73 | 70 | 73 | 109 | 112 | 95 | 40 | 15 | 7 | 45 | 7 |
Currency Exchange Gain (Loss) | -37 | -38 | -99 | -56 | -78 | -90 | -50 | -33 | -60 | -83 | -162 | -85 | -62 | -61 | -17 | -96 | -86 | -39 | -95 | -46 |
Other Non Operating Income (Expenses) | 59 | 42 | 41 | - | 69 | 91 | -67 | 272 | 44 | 43 | 89.5 | 98 | 122 | 109.5 | 219 | 182 | 130 | 154 | 135 | 42 |
EBT Excluding Unusual Items | -508 | 5,847 | 4,975 | 6,762 | 5,678 | 6,018 | 7,798 | 4,400 | 6,127 | 6,429 | -966.5 | 5,852 | 5,774 | 5,062 | 4,391 | 5,016 | 5,029 | 5,696 | 3,476 | 4,850 |
Merger & Restructuring Charges | -417 | -9,549 | -1,360 | -390 | -779 | -205 | -3,643 | -279 | -177 | -902 | -401 | -199 | -10,934 | -1,289 | -107 | -175 | -258 | -127 | 78 | -267 |
Gain (Loss) on Sale of Investments | 242 | 168 | -195 | 373 | 100 | 90 | -155 | -31 | 56 | 143 | 100 | -33 | -175 | 450 | -58 | -371 | -284 | -708 | 405 | 683 |
Asset Writedown | - | - | - | - | - | - | - | - | - | - | -779 | - | - | - | -713 | -887 | - | - | -275 | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | 0.5 | - | - | -572.5 | - | - | - | - | - | - |
Other Unusual Items | - | - | - | - | - | - | 170 | - | - | - | - | - | - | - | - | - | - | - | 225 | - |
Pretax Income | -683 | -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 |
Income Tax Expense | 654 | 709 | 458 | 958 | 571 | 818 | 426 | 929 | 545 | 903 | -820 | 870 | 637 | 825 | 495 | 330 | 538 | 554 | 85 | 695 |
Earnings From Continuing Operations | -1,337 | -4,243 | 2,962 | 5,787 | 4,428 | 5,085 | 3,744 | 3,161 | 5,461 | 4,767 | -1,226 | 4,750 | -5,972 | 2,825 | 3,018 | 3,253 | 3,949 | 4,307 | 3,824 | 4,571 |
Earnings From Discontinued Operations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -62 | - |
Net Income to Company | -1,337 | -4,243 | 2,962 | 5,787 | 4,428 | 5,085 | 3,744 | 3,161 | 5,461 | 4,767 | -1,226 | 4,750 | -5,972 | 2,825 | 3,018 | 3,253 | 3,949 | 4,307 | 3,762 | 4,571 |
Minority Interest in Earnings | 2 | 3 | 1 | -2 | -1 | -6 | -1 | -4 | -6 | -5 | - | -5 | -3 | -4 | -1 | -5 | -5 | 3 | -4 | -4 |
Net Income | -1,335 | -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 |
Net Income to Common | -1,335 | -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 |
Net Income Growth (YoY) | - | - | -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% |
Shares Outstanding (Basic) | 2,470 | 2,472 | 2,488 | 2,495 | 2,510 | 2,523 | 2,537 | 2,534 | 2,534 | 2,533 | 2,533 | 2,537 | 2,539 | 2,538 | 2,536 | 2,533 | 2,531 | 2,528 | 2,527 | 2,530 |
Shares Outstanding (Diluted) | 2,470 | 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 |
Shares Change (YoY) | -1.71% | -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% |
EPS (Basic) | -0.54 | -1.72 | 1.19 | 2.32 | 1.76 | 2.01 | 1.48 | 1.25 | 2.15 | 1.88 | -0.48 | 1.87 | -2.35 | 1.11 | 1.19 | 1.28 | 1.56 | 1.70 | 1.49 | 1.81 |
EPS (Diluted) | -0.54 | -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 | 1.48 | 1.80 |
EPS Growth (YoY) | - | - | -19.28% | 86.99% | -17.76% | 7.49% | - | -33.33% | - | 68.47% | - | 45.31% | - | -34.71% | -20.00% | -28.89% | 154.12% | 35.91% | - | 54.78% |
Additional Metrics
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 4,477 | 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 |
Free Cash Flow Per Share | 1.81 | 1.18 | 0.73 | 2.74 | 1.01 | 0.46 | 0.99 | 3.35 | 1.91 | 0.88 | -0.29 | 2.68 | 1.08 | 0.13 | 1.29 | 1.76 | 1.25 | 1.49 | 1.51 | 1.43 |
Dividend Per Share | 0.850 | 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 |
Dividend Growth (YoY) | 4.94% | 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% |
Gross Margin | 75.14% | 76.21% | 73.81% | 78.32% | 78.54% | 78.22% | 76.27% | 76.66% | 77.17% | 78.30% | 74.06% | 73.49% | 73.45% | 73.10% | 72.21% | 74.06% | 71.57% | 66.45% | 69.77% | 74.14% |
Operating Margin | -0.24% | 38.60% | 32.77% | 40.80% | 37.47% | 40.06% | 51.82% | 26.20% | 39.62% | 42.47% | -4.47% | 38.11% | 39.12% | 35.50% | 31.30% | 34.32% | 35.70% | 36.58% | 26.63% | 38.34% |
Profit Margin | -8.04% | -26.04% | 18.07% | 33.49% | 28.01% | 32.71% | 23.96% | 18.95% | 33.86% | 30.19% | -8.38% | 29.73% | -39.74% | 19.47% | 21.82% | 21.71% | 27.03% | 27.11% | 27.79% | 34.72% |
Free Cash Flow Margin | 26.96% | 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% |
EBITDA | 1,428 | 7,691 | 6,793 | 8,147 | 6,987 | 7,279 | 9,211 | 5,510 | 7,450 | 7,618 | 249 | 7,061 | 6,763 | 6,113 | 5,198 | 6,072 | 6,101 | 6,908 | 4,404 | 5,780 |
EBITDA Margin | 8.60% | 47.23% | 41.42% | 47.16% | 44.20% | 46.87% | 58.95% | 33.08% | 46.24% | 48.29% | 1.70% | 44.24% | 44.98% | 42.20% | 37.59% | 40.59% | 41.81% | 43.44% | 32.57% | 43.94% |
D&A For EBITDA | 1,468 | 1,404 | 1,418 | 1,098 | 1,064 | 1,058 | 1,114 | 1,146 | 1,066 | 919 | 903 | 978 | 881 | 970 | 869 | 938 | 891 | 1,091 | 804 | 737 |
EBIT | -40 | 6,287 | 5,375 | 7,049 | 5,923 | 6,221 | 8,097 | 4,364 | 6,384 | 6,699 | -654 | 6,083 | 5,882 | 5,143 | 4,329 | 5,134 | 5,210 | 5,817 | 3,600 | 5,043 |
EBIT Margin | -0.24% | 38.60% | 32.77% | 40.80% | 37.47% | 40.06% | 51.82% | 26.20% | 39.62% | 42.47% | -4.47% | 38.11% | 39.12% | 35.50% | 31.30% | 34.32% | 35.70% | 36.58% | 26.63% | 38.34% |
Effective Tax Rate | - | - | 13.39% | 14.20% | 11.42% | 13.86% | 10.22% | 22.71% | 9.07% | 15.93% | - | 15.48% | - | 22.60% | 14.09% | 9.21% | 11.99% | 11.40% | 2.17% | 13.20% |