MRK
Merck & Company Inc
NYSE: MRK · HEALTHCARE · DRUG MANUFACTURERS - GENERAL
$109.18
-1.60% today
Updated 2026-04-29
Market cap
$276.38B
P/E ratio
15.37
P/S ratio
4.25x
EPS (TTM)
$7.28
Dividend yield
2.83%
52W range
$71 – $124
Volume
9.8M
Merck & Company Inc (MRK) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.64B | $24.20B | $23.85B | $27.43B | $45.99B | $48.05B | $47.27B | $44.03B | $42.24B | $39.50B | $39.81B | $40.12B | $42.29B | $39.12B | $41.52B | $48.70B | $59.28B | $60.12B | $64.17B | $65.01B |
| Revenue growth (YoY) | — | +6.9% | -1.4% | +15.0% | +67.7% | +4.5% | -1.6% | -6.8% | -4.1% | -6.5% | +0.8% | +0.8% | +5.4% | -7.5% | +6.1% | +17.3% | +21.7% | +1.4% | +6.7% | +1.3% |
| Cost of revenue | $6.00B | $6.14B | $5.58B | $9.02B | $18.40B | $16.87B | $16.45B | $16.95B | $16.77B | $14.93B | $14.03B | $12.91B | $13.51B | $12.02B | $13.62B | $13.63B | $17.41B | $16.13B | $15.19B | $12.03B |
| Gross profit | $16.63B | $18.06B | $18.27B | $18.41B | $27.59B | $31.18B | $30.82B | $27.08B | $25.47B | $24.56B | $25.78B | $27.21B | $28.79B | $27.11B | $27.90B | $35.08B | $41.87B | $43.99B | $48.98B | $52.98B |
| Gross margin | 73.5% | 74.6% | 76.6% | 67.1% | 60.0% | 64.9% | 65.2% | 61.5% | 60.3% | 62.2% | 64.8% | 67.8% | 68.1% | 69.3% | 67.2% | 72.0% | 70.6% | 73.2% | 76.3% | 81.5% |
| R&D | $4.78B | $4.88B | $4.80B | $5.84B | $11.11B | $8.47B | $8.17B | $7.50B | $7.18B | $6.70B | $10.26B | $10.34B | $9.75B | $9.72B | $13.40B | $12.24B | $13.55B | $30.53B | $17.94B | $15.60B |
| SG&A | $8.17B | $7.56B | $7.38B | $8.54B | $13.24B | $13.73B | $12.78B | $11.91B | $11.61B | $10.31B | $255.00M | $244.00M | $8.00B | $8.71B | $6.77B | $7.40B | $7.47B | $7.58B | $7.70B | $10.61B |
| Operating income | $3.69B | $5.62B | $6.08B | $4.02B | $3.35B | $8.98B | $9.88B | $7.67B | $6.68B | $7.55B | $5.50B | $6.80B | $8.93B | $7.93B | $5.55B | $13.20B | $18.28B | $2.95B | $20.22B | $26.78B |
| Operating margin | 16.3% | 23.2% | 25.5% | 14.7% | 7.3% | 18.7% | 20.9% | 17.4% | 15.8% | 19.1% | 13.8% | 16.9% | 21.1% | 20.3% | 13.4% | 27.1% | 30.8% | 4.9% | 31.5% | 41.2% |
| EBITDA | $5.96B | $7.61B | $11.81B | $18.33B | $9.75B | $15.46B | $16.43B | $13.33B | $24.71B | $12.45B | $10.82B | $11.95B | $13.99B | $11.37B | $10.18B | $17.90B | $21.32B | $6.91B | $25.71B | $25.36B |
| EBITDA margin | 26.3% | 31.4% | 49.5% | 66.8% | 21.2% | 32.2% | 34.8% | 30.3% | 58.5% | 31.5% | 27.2% | 29.8% | 33.1% | 29.1% | 24.5% | 36.8% | 36.0% | 11.5% | 40.1% | 39.0% |
| EBIT | $3.69B | $5.62B | $10.18B | $15.75B | $2.37B | $8.03B | $9.45B | $6.35B | $18.02B | $6.07B | $5.35B | $7.28B | $9.47B | $8.06B | $6.69B | $14.69B | $17.41B | $3.04B | $21.21B | $21.07B |
| Interest expense | $0.00 | $0.00 | $251.00M | $458.00M | $715.00M | $749.00M | $714.00M | $801.00M | $732.00M | $672.00M | $693.00M | $754.00M | $772.00M | $893.00M | $831.00M | $806.00M | $962.00M | $1.15B | $1.27B | $1.36B |
| Income tax | $1.79B | $95.30M | $2.00B | $2.27B | $671.00M | $942.00M | $2.44B | $1.03B | $5.35B | $942.00M | $718.00M | $4.10B | $2.51B | $1.56B | $1.34B | $1.52B | $1.92B | $1.51B | $2.80B | $2.80B |
| Effective tax rate | 28.7% | 2.8% | 20.4% | 15.0% | 43.8% | 13.1% | 28.3% | 18.9% | 31.0% | 17.5% | 15.5% | 63.2% | 28.7% | 13.7% | 15.9% | 10.4% | 11.7% | 80.6% | 14.1% | 13.3% |
| Net income | $4.43B | $3.28B | $7.81B | $12.90B | $861.00M | $6.27B | $6.17B | $4.40B | $11.92B | $4.44B | $3.92B | $2.39B | $6.22B | $9.84B | $7.07B | $13.05B | $14.52B | $365.00M | $17.12B | $18.25B |
| Net income growth (YoY) | — | -26.1% | +138.4% | +65.2% | -93.3% | +628.5% | -1.7% | -28.6% | +170.7% | -62.7% | -11.8% | -38.9% | +159.8% | +58.2% | -28.2% | +84.6% | +11.3% | -97.5% | +4589.6% | +6.6% |
| Profit margin | 19.6% | 13.5% | 32.7% | 47.0% | 1.9% | 13.1% | 13.0% | 10.0% | 28.2% | 11.2% | 9.8% | 6.0% | 14.7% | 25.2% | 17.0% | 26.8% | 24.5% | 0.6% | 26.7% | 28.1% |