Income Statement - Merck & Co., Inc. (MRK)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 64.93 | 64.17 | 60.12 | 59.28 | 48.70 | 41.52 | 39.12 | 42.29 | 40.12 | 39.81 | 39.50 | 42.24 | 44.03 | 47.27 | 48.05 | 45.99 | 27.43 | 23.85 | 24.20 | 22.64 |
| Cost of revenue | 18.20 | 15.19 | 16.13 | 17.41 | 13.63 | 13.62 | 12.02 | 13.51 | 12.91 | 14.03 | 14.93 | 16.77 | 16.95 | 16.45 | 16.87 | 18.40 | 9.02 | 5.58 | 6.14 | 6.00 |
| Gross profit | 46.73 | 48.98 | 43.99 | 41.87 | 35.08 | 27.90 | 27.11 | 28.79 | 27.21 | 25.78 | 24.56 | 25.47 | 27.08 | 30.82 | 31.18 | 27.59 | 18.41 | 18.27 | 18.06 | 16.63 |
| Total operating expenses | 23.25 | 28.75 | 41.04 | 23.59 | 21.88 | 22.35 | 19.18 | 19.85 | 20.41 | 20.28 | 17.02 | 18.79 | 19.41 | 20.94 | 22.20 | 24.24 | 14.39 | 12.18 | 12.44 | 12.95 |
| Operating income | 23.49 | 20.22 | 2.95 | 18.28 | 13.20 | 5.55 | 7.93 | 8.93 | 6.80 | 5.50 | 7.55 | 6.68 | 7.67 | 9.88 | 8.98 | 3.36 | 4.02 | 6.09 | 5.62 | 3.69 |
| Non-operating income (net) | -2.42 | -0.29 | -1.07 | -1.84 | 0.68 | 0.32 | -0.76 | -0.23 | -0.28 | -0.84 | -2.15 | 10.60 | -2.12 | -1.14 | -1.64 | -1.70 | 11.27 | 3.85 | -2.25 | 2.53 |
| Income before tax | 21.07 | 19.94 | 1.89 | 16.44 | 13.88 | 5.86 | 7.17 | 8.70 | 6.52 | 4.66 | 5.40 | 17.28 | 5.55 | 8.74 | 7.33 | 1.65 | 15.29 | 9.93 | 3.37 | 6.22 |
| Income tax expense | 2.80 | 2.80 | 1.51 | 1.92 | 1.52 | 1.34 | 1.57 | 2.51 | 4.10 | 0.72 | 0.94 | 5.35 | 1.03 | 2.44 | 0.94 | 0.67 | 2.27 | 2.00 | 0.10 | 1.79 |
| Net income | 18.25 | 17.12 | 0.37 | 14.52 | 13.05 | 7.07 | 9.84 | 6.22 | 2.39 | 3.92 | 4.44 | 11.92 | 4.40 | 6.17 | 6.27 | 0.86 | 12.90 | 7.81 | 3.28 | 4.43 |
Show Quarterly Income Statement
Income Statement - Merck & Co., Inc. (MRK)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 16.29 | 16.32 | 17.18 | 15.80 | 15.62 | 15.62 | 16.66 | 16.11 | 15.78 | 14.63 | 15.96 | 15.04 | 14.49 | 13.83 | 14.96 | 14.59 | 15.90 | 13.52 | 13.15 | 11.40 | 10.63 | 12.52 | 10.93 | 9.35 | 12.06 | 11.87 | 12.40 | 11.76 | 10.82 | 11.00 | 10.79 | 10.47 | 10.04 | 10.43 | 10.33 | 9.93 | 9.43 | 10.12 | 10.54 | 9.84 | 9.31 | 10.22 | 10.07 | 9.79 | 9.43 | 10.48 | 10.56 | 10.93 | 10.26 | 11.32 | 11.03 | 11.01 | 10.67 | 11.74 | 11.49 | 12.31 | 11.73 | 12.29 | 12.02 | 12.15 | 11.58 | 12.09 | 11.13 | 11.35 | 11.42 | 10.09 | 6.05 | 5.90 | 5.39 | 6.03 | 5.94 | 6.05 | 5.82 | 6.24 | 6.07 | 6.11 | 5.77 | 6.04 | 5.41 | 5.77 | 5.41 |
| Cost of revenue | 2.94 | 4.82 | 4.19 | 3.85 | 3.89 | 3.83 | 4.08 | 3.75 | 3.54 | 3.91 | 4.26 | 4.02 | 3.93 | 3.88 | 3.93 | 4.22 | 5.38 | 3.87 | 3.45 | 3.10 | 3.20 | 5.53 | 3.01 | 2.75 | 3.31 | 3.67 | 3.99 | 3.40 | 3.05 | 3.29 | 3.62 | 3.42 | 3.18 | 3.41 | 3.31 | 3.12 | 3.05 | 3.33 | 3.41 | 3.58 | 3.57 | 3.85 | 3.76 | 3.75 | 3.57 | 3.75 | 4.22 | 4.89 | 3.90 | 4.61 | 4.10 | 4.28 | 3.96 | 4.16 | 4.14 | 4.11 | 4.04 | 4.18 | 4.35 | 4.28 | 4.06 | 4.44 | 4.19 | 4.55 | 5.22 | 4.90 | 1.43 | 1.35 | 1.33 | 1.47 | 1.48 | 1.40 | 1.24 | 1.54 | 1.52 | 1.55 | 1.53 | 1.67 | 1.54 | 1.45 | 1.34 |
| Gross profit | 13.34 | 11.51 | 12.99 | 11.95 | 11.73 | 11.80 | 12.58 | 12.37 | 12.24 | 10.72 | 11.70 | 11.01 | 10.56 | 9.95 | 11.03 | 10.38 | 10.52 | 9.65 | 9.70 | 8.30 | 7.43 | 6.98 | 7.92 | 6.61 | 8.75 | 8.20 | 8.41 | 8.36 | 7.76 | 7.71 | 7.18 | 7.05 | 6.85 | 7.03 | 7.02 | 6.81 | 6.39 | 6.78 | 7.13 | 6.27 | 5.74 | 6.37 | 6.31 | 6.03 | 5.86 | 6.73 | 6.33 | 6.04 | 6.36 | 6.71 | 6.93 | 6.73 | 6.71 | 7.58 | 7.35 | 8.20 | 7.69 | 8.12 | 7.67 | 7.87 | 7.52 | 7.65 | 6.93 | 6.80 | 6.21 | 5.19 | 4.62 | 4.55 | 4.05 | 4.56 | 4.47 | 4.66 | 4.58 | 4.70 | 4.56 | 4.56 | 4.24 | 4.38 | 3.87 | 4.33 | 4.07 |
| Total operating expenses | 15.23 | 5.35 | 5.53 | 5.59 | 5.02 | 7.45 | 8.59 | 6.24 | 10.02 | 12.43 | 5.83 | 16.02 | 6.76 | 6.46 | 6.92 | 5.31 | 4.90 | 5.90 | 4.78 | 6.60 | 4.60 | 8.92 | 5.41 | 4.17 | 4.76 | 5.44 | 5.79 | 4.90 | 4.36 | 4.86 | 4.51 | 4.78 | 5.70 | 4.86 | 6.87 | 4.28 | 4.30 | 7.24 | 4.06 | 4.61 | 3.98 | 4.41 | 3.97 | 4.29 | 4.34 | 5.21 | 4.63 | 4.64 | 4.31 | 4.82 | 4.46 | 5.24 | 4.89 | 5.61 | 4.98 | 5.41 | 4.94 | 6.12 | 5.29 | 5.41 | 5.32 | 8.10 | 5.51 | 5.35 | 5.27 | 5.43 | 2.98 | 3.12 | 2.86 | 3.25 | 2.90 | 3.10 | 2.93 | 3.10 | 3.39 | 3.11 | 2.83 | 4.07 | 3.32 | 2.91 | 2.66 |
| Operating income | -1.88 | 6.16 | 7.46 | 6.36 | 6.71 | 4.35 | 3.98 | 6.13 | 5.76 | -1.71 | 5.87 | -5.01 | 3.81 | 3.49 | 4.11 | 5.07 | 5.62 | 3.75 | 4.92 | 1.70 | 2.83 | -1.94 | 2.51 | 2.44 | 3.98 | 2.76 | 2.61 | 3.46 | 3.41 | 2.85 | 2.66 | 2.27 | 1.15 | 2.17 | 0.15 | 2.53 | 2.08 | -0.46 | 3.07 | 1.66 | 1.76 | 1.95 | 2.34 | 1.74 | 1.52 | 1.53 | 1.70 | 1.40 | 2.05 | 1.90 | 2.47 | 1.49 | 1.82 | 1.96 | 2.37 | 2.79 | 2.76 | 2.00 | 2.38 | 2.46 | 2.20 | -0.44 | 1.42 | 1.44 | 0.93 | -0.23 | 1.64 | 1.42 | 1.19 | 1.31 | 1.56 | 1.56 | 1.65 | 1.60 | 1.16 | 1.44 | 1.41 | 0.31 | 0.55 | 1.42 | 1.41 |
| Non-operating income (net) | -1.65 | -2.74 | -0.72 | -1.36 | -0.81 | -0.18 | 0.11 | -0.12 | -0.09 | -0.33 | -0.25 | -0.32 | -0.16 | 0.03 | -0.52 | -0.58 | -0.76 | 0.16 | 0.34 | 0.02 | 0.16 | -0.05 | 0.20 | 0.31 | -0.14 | 0.03 | -0.27 | -0.20 | -0.34 | -0.25 | 0.00 | -0.18 | 0.20 | -0.29 | 0.05 | -0.09 | -0.08 | -0.90 | -0.18 | -0.15 | -0.14 | -1.14 | 0.06 | -0.93 | -0.14 | 10.29 | -0.21 | 0.49 | 0.04 | -0.67 | -0.94 | -0.24 | -0.27 | -0.63 | -0.15 | -0.11 | -0.25 | -0.41 | -0.02 | -0.79 | -0.47 | -0.26 | -0.92 | -0.20 | -0.32 | 6.70 | 3.44 | 0.55 | 0.59 | 0.61 | -0.12 | 0.53 | 2.79 | -4.78 | 0.90 | 0.79 | 0.84 | 0.61 | 0.68 | 0.69 | 0.56 |
| Income before tax | -3.53 | 3.42 | 6.75 | 5.00 | 5.90 | 4.17 | 4.09 | 6.01 | 5.67 | -2.05 | 5.62 | -5.34 | 3.65 | 3.51 | 3.58 | 4.49 | 4.86 | 3.91 | 5.27 | 1.72 | 2.99 | -1.99 | 2.71 | 2.74 | 3.84 | 2.79 | 2.35 | 3.26 | 3.07 | 2.60 | 2.67 | 2.09 | 1.35 | 1.88 | 0.20 | 2.44 | 2.00 | -1.36 | 2.89 | 1.50 | 1.62 | 0.82 | 2.40 | 0.81 | 1.38 | 11.81 | 1.49 | 1.89 | 2.09 | 1.23 | 1.53 | 1.25 | 1.55 | 1.33 | 2.22 | 2.68 | 2.51 | 1.58 | 2.35 | 1.67 | 1.73 | -0.70 | 0.50 | 1.24 | 0.62 | 6.46 | 5.08 | 1.97 | 1.78 | 1.93 | 1.44 | 2.09 | 4.44 | -3.18 | 2.06 | 2.23 | 2.25 | 0.91 | 1.23 | 2.11 | 1.97 |
| Income tax expense | 0.71 | 0.46 | 0.96 | 0.57 | 0.82 | 0.43 | 0.93 | 0.55 | -0.82 | 0.87 | 0.64 | 0.83 | 0.50 | 0.33 | 0.54 | 0.55 | 0.09 | 0.70 | 0.50 | 0.24 | 0.10 | 0.38 | 0.40 | 0.62 | 0.43 | 0.44 | 0.62 | 0.21 | 0.83 | 0.71 | 0.37 | 0.60 | 2.92 | 0.25 | 0.49 | 0.45 | -0.77 | 0.70 | 0.30 | 0.49 | -0.17 | 0.57 | 0.12 | 0.42 | 4.48 | 0.65 | -0.14 | 0.36 | 0.41 | 0.38 | 0.31 | -0.07 | 0.39 | 0.46 | 0.86 | 0.74 | 0.04 | 0.63 | -0.38 | 0.66 | -0.20 | 0.13 | 0.46 | 0.29 | -0.06 | 1.62 | 0.38 | 0.33 | 0.28 | 0.32 | 0.29 | 1.11 | -1.55 | 0.54 | 0.56 | 0.55 | 0.44 | 0.29 | 0.61 | 0.45 | |
| Net income | -4.24 | 2.96 | 5.79 | 4.43 | 5.08 | 3.74 | 3.16 | 5.46 | 4.76 | -1.23 | 4.75 | -5.98 | 2.82 | 3.02 | 3.25 | 3.94 | 4.31 | 3.76 | 4.57 | 1.55 | 3.18 | -2.09 | 2.94 | 3.00 | 3.22 | 2.36 | 1.90 | 2.67 | 2.92 | 1.83 | 1.95 | 1.71 | 0.74 | -1.05 | -0.06 | 1.95 | 1.55 | -0.60 | 2.18 | 1.21 | 1.13 | 0.98 | 1.83 | 0.69 | 0.95 | 7.32 | 0.90 | 2.00 | 1.71 | 0.78 | 1.12 | 0.91 | 1.59 | 0.91 | 1.73 | 1.79 | 1.74 | 1.51 | 1.69 | 2.02 | 1.04 | -0.53 | 0.34 | 0.75 | 0.30 | 6.50 | 3.42 | 1.56 | 1.43 | 1.64 | 1.09 | 1.77 | 3.30 | -1.63 | 1.53 | 1.68 | 1.70 | 0.47 | 0.94 | 1.50 | 1.52 |