Merck & Co., Inc. (MRK) Quarterly Income Statement

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Merck & Co., Inc. (MRK) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MRK Income Statement

Merck & Co., Inc. (MRK) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	16.61B	16.29B	16.32B	17.18B	15.8B	15.62B	15.62B	16.66B	16.11B	15.78B	14.63B	15.96B	15.04B	14.49B	13.83B	14.96B	14.59B	15.9B	13.52B	13.15B
Revenue Growth %	5.11%	4.27%	4.48%	3.16%	-1.94%	-0.99%	6.79%	4.35%	7.16%	8.89%	5.78%	6.71%	3.03%	-8.89%	2.29%	13.72%	27.99%	49.63%	8.04%	20.36%
Cost of Goods Sold	4.39B	2.94B	4.82B	4.19B	3.85B	3.88B	3.83B	4.08B	3.75B	3.54B	3.91B	4.26B	4.02B	3.93B	3.88B	3.93B	4.22B	5.38B	3.87B	3.45B
COGS % of Revenue	26.46%	18.08%	29.51%	24.41%	24.35%	24.87%	24.5%	24.49%	23.24%	22.44%	26.74%	26.71%	26.76%	27.1%	28.06%	26.3%	28.89%	33.83%	28.65%	26.23%
Gross Profit	12.21B	13.34B	11.51B	12.99B	11.95B	11.73B	11.8B	12.58B	12.37B	12.23B	10.72B	11.7B	11.01B	10.56B	9.95B	11.03B	10.38B	10.52B	9.65B	9.7B
Gross Margin %	73.54%	81.92%	70.49%	75.59%	75.65%	75.13%	75.5%	75.51%	76.76%	77.56%	73.26%	73.29%	73.24%	72.9%	71.94%	73.7%	71.11%	66.17%	71.35%	73.77%
Gross Profit Growth %	2.17%	13.7%	-2.45%	3.28%	-3.35%	-4.09%	10.06%	7.51%	12.31%	15.85%	7.73%	6.1%	6.11%	0.38%	3.13%	13.61%	25.05%	41.64%	38.17%	22.59%
Operating Expenses	12.89B	15.23B	5.35B	5.53B	5.59B	5.02B	7.45B	8.59B	6.24B	6.47B	12.43B	5.83B	16.02B	6.75B	6.46B	6.92B	5.31B	4.9B	5.9B	4.78B
OpEx % of Revenue	77.65%	93.49%	32.76%	32.16%	35.41%	32.17%	47.67%	51.59%	38.72%	41.05%	84.97%	36.5%	106.57%	46.63%	46.72%	46.25%	36.39%	30.81%	43.62%	36.35%
Selling, General & Admin	2.9B	2.67B	2.85B	1.97B	2.05B	1.91B	2.69B	2.73B	2.74B	2.48B	2.64B	2.52B	2.7B	2.48B	2.69B	2.52B	2.51B	2.32B	2.83B	2.34B
SG&A % of Revenue	17.49%	16.38%	17.45%	11.49%	13%	12.2%	17.22%	16.4%	17%	15.74%	18.05%	15.78%	17.97%	17.11%	19.43%	16.85%	17.21%	14.61%	20.93%	17.76%
Research & Development	9.74B	12.56B	2.5B	3.55B	3.54B	3.12B	4.58B	5.86B	3.5B	3.99B	9.63B	3.31B	13.32B	4.28B	3.77B	4.4B	2.8B	2.58B	3.07B	2.44B
R&D % of Revenue	58.66%	77.11%	15.31%	20.67%	22.41%	19.97%	29.34%	35.19%	21.72%	25.31%	65.8%	20.72%	88.6%	29.52%	27.3%	29.41%	19.17%	16.2%	22.69%	18.59%
Other Operating Expenses	1000K	0	0	0	0	0	1000K	0	0	0	1000K	0	0	0	0	0	0	0	0	0
Operating Income	-683M	-1.88B	6.16B	7.46B	6.36B	6.71B	4.35B	3.98B	6.13B	5.76B	-1.71B	5.87B	-5.01B	3.81B	3.49B	4.11B	5.07B	5.62B	3.75B	4.92B
Operating Margin %	-4.11%	-11.57%	37.74%	43.43%	40.25%	42.96%	27.83%	23.92%	38.03%	36.51%	-11.71%	36.79%	-33.34%	26.27%	25.21%	27.45%	34.72%	35.36%	27.73%	37.43%
Operating Income Growth %	-110.74%	-128.08%	41.67%	87.32%	3.77%	16.49%	353.82%	-32.15%	222.27%	51.34%	-149.13%	43.01%	-198.91%	-32.3%	-6.99%	-16.6%	198.76%	98.73%	293.25%	96.37%
EBITDA	900M	-372M	8.63B	8.54B	7.42B	7.81B	5.54B	5.17B	7.26B	6.74B	-749M	6.89B	-4.11B	4.8B	4.38B	5.07B	6B	6.74B	4.58B	5.68B
EBITDA Margin %	5.42%	-2.28%	52.84%	49.67%	46.93%	50%	35.49%	31.04%	45.06%	42.75%	-5.12%	43.14%	-27.33%	33.11%	31.66%	33.86%	41.15%	42.4%	33.9%	43.2%
EBITDA Growth %	-87.86%	-104.76%	55.56%	65.09%	2.14%	15.79%	840.32%	-24.92%	276.69%	40.59%	-117.1%	35.95%	-168.43%	-28.85%	-4.47%	-10.86%	147.73%	81.19%	542.47%	71.45%
D&A (Non-Cash Add-back)	1.58B	1.51B	2.47B	1.07B	1.06B	1.1B	1.2B	1.19B	1.13B	984M	964M	1.01B	903M	991M	892M	959M	938M	1.12B	835M	759M
EBIT	-158M	-3.53B	3.83B	7.07B	5.3B	6.22B	4.5B	4.42B	6.32B	5.97B	-1.74B	5.94B	-5.06B	3.89B	3.75B	3.83B	4.73B	5.1B	4.12B	5.46B
Net Interest Income	-490M	0	-342M	-231M	-236M	-204M	-182M	-203M	-241M	-230M	-240M	-244M	-168M	-130M	-140M	-204M	-225M	-236M	-200M	-189M
Interest Income	35M	0	69M	96M	69M	109M	146M	127M	69M	73M	70M	73M	109M	112M	95M	40M	15M	7M	9M	7M
Interest Expense	525M	0	411M	327M	305M	313M	328M	330M	310M	303M	310M	317M	277M	242M	235M	244M	240M	243M	209M	196M
Other Income/Expense	0	-1.65B	-2.74B	-718M	-1.36B	-807M	-178M	106M	-122M	-90M	-333M	-252M	-323M	-156M	26M	-523M	-580M	-761M	160M	343M
Pretax Income	-683M	-3.53B	3.42B	6.75B	5B	5.9B	4.17B	4.09B	6.01B	5.67B	-2.05B	5.62B	-5.33B	3.65B	3.51B	3.58B	4.49B	4.86B	3.91B	5.27B
Pretax Margin %	-4.11%	-21.7%	20.95%	39.25%	31.64%	37.79%	26.69%	24.55%	37.28%	35.94%	-13.98%	35.21%	-35.48%	25.2%	25.4%	23.95%	30.75%	30.57%	28.91%	40.03%
Income Tax	654M	709M	458M	958M	571M	818M	426M	929M	545M	903M	-820M	870M	637M	825M	495M	330M	538M	554M	85M	695M
Effective Tax Rate %	-95.75%	-20.06%	13.39%	14.2%	11.42%	13.86%	10.22%	22.71%	9.07%	15.93%	40.08%	15.48%	-11.94%	22.6%	14.09%	9.21%	11.99%	11.4%	2.17%	13.2%
Net Income	-1.33B	-4.24B	2.96B	5.79B	4.43B	5.08B	3.74B	3.16B	5.46B	4.76B	-1.23B	4.75B	-5.97B	2.82B	3.02B	3.25B	3.94B	4.31B	3.76B	4.57B
Net Margin %	-8.04%	-26.03%	18.15%	33.67%	28.02%	32.52%	23.96%	18.95%	33.86%	30.19%	-8.38%	29.73%	-39.74%	19.47%	21.81%	21.71%	27.03%	27.11%	27.79%	34.72%
Net Income Growth %	-130.16%	-183.48%	-20.84%	83.24%	-18.85%	6.66%	405.3%	-33.47%	191.3%	68.81%	-140.64%	46.09%	-251.5%	-34.55%	-19.72%	-28.88%	155.28%	35.58%	279.47%	55.29%
Net Income (Continuing)	-1.34B	-4.24B	2.96B	5.79B	4.43B	5.08B	3.74B	3.16B	5.46B	4.77B	-1.23B	4.75B	-5.97B	2.83B	3.02B	3.25B	3.95B	4.31B	3.82B	4.57B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1000K	0
Minority Interest	51M	53M	56M	57M	67M	65M	59M	58M	66M	60M	54M	54M	49M	71M	67M	66M	75M	70M	73M	69M
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 %	-130.68%	-185.57%	-19.59%	87.1%	-17.76%	7.49%	408.33%	-33.33%	191.06%	68.47%	-140.68%	45.31%	-251.61%	-34.71%	-20.27%	-28.89%	154.1%	36%	280.49%	55.17%
EPS (Basic)	-0.54	-1.72	1.20	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
Diluted Shares Outstanding	2.47B	2.47B	2.49B	2.5B	2.51B	2.53B	2.54B	2.54B	2.54B	2.54B	2.55B	2.55B	2.54B	2.55B	2.55B	2.54B	2.54B	2.54B	2.54B	2.54B
Basic Shares Outstanding	2.47B	2.47B	2.47B	2.5B	2.51B	2.52B	2.54B	2.54B	2.53B	2.53B	2.55B	2.54B	2.54B	2.54B	2.54B	2.53B	2.53B	2.53B	2.53B	2.53B
Dividend Payout Ratio	-	-	68.11%	35.11%	46.92%	40.36%	52.12%	61.86%	36.41%	40.95%	-	39.09%	-	65.69%	58%	53.79%	44.88%	40.49%	43.72%	36.11%