Merck & Co., Inc. (MRK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MRK's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MRK Revenue Analysis (2014–2025)
As of March 1, 2026, Merck & Co., Inc. (MRK) generated trailing twelve-month (TTM) revenue of $65.01 billion, reflecting modest growth of +5.0% year-over-year. The most recent quarter (Q4 2025) recorded $16.40 billion in revenue, down 5.1% sequentially.
Looking at the longer-term picture, MRK's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $65.01 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MRK's business is primarily driven by Pharmaceutical segment (89%), Animal Health segment (9%), and Other Segments (1%). With over half of revenue concentrated in Pharmaceutical segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including PFE (-1.6% YoY), GSK (+1.8% YoY), and SNY (+8.9% YoY), MRK has underperformed the peer group in terms of revenue growth. Compare MRK vs PFE →
Peer Comparison
Compare MRK's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MRKCurrent | $65.0B | +5.0% | +9.4% | 41.2% | |
| PFE | $62.6B | -1.6% | +8.5% | 24.7% | |
| GSK | $32.0B | +1.8% | +5.6% | 21.9% | |
| SNY | $46.7B | +8.9% | +4.6% | 13.6% | |
| GRFS | $7.2B | +7.3% | +7.2% | 16.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $65.01B | +1.3% | $52.98B | 81.5% | $26.78B | 41.2% |
| 2024 | $64.17B | +6.7% | $48.98B | 76.3% | $20.22B | 31.5% |
| 2023 | $60.12B | +1.4% | $43.99B | 73.2% | $2.95B | 4.9% |
| 2022 | $59.28B | +21.7% | $41.87B | 70.6% | $18.28B | 30.8% |
| 2021 | $48.70B | +17.3% | $35.08B | 72.0% | $13.20B | 27.1% |
| 2020 | $41.52B | +6.1% | $27.90B | 67.2% | $5.55B | 13.4% |
| 2019 | $39.12B | -7.5% | $27.11B | 69.3% | $7.93B | 20.3% |
| 2018 | $42.29B | +5.4% | $28.79B | 68.1% | $8.93B | 21.1% |
| 2017 | $40.12B | +0.8% | $27.21B | 67.8% | $6.80B | 16.9% |
| 2016 | $39.81B | +0.8% | $25.78B | 64.8% | $5.50B | 13.8% |
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Start ComparisonFrequently Asked Questions
Is MRK's revenue growth accelerating or slowing?
MRK revenue growth slowed to +5.0%, below the 5-year CAGR of +9.4%. TTM revenue is $65.0B. The deceleration marks a shift from historical growth rates.
What is MRK's long-term revenue growth rate?
Merck & Co., Inc.'s 5-year revenue CAGR of +9.4% reflects the variable expansion pattern. Current YoY growth of +5.0% is near this long-term average.
How is MRK's revenue distributed by segment?
MRK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.