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

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MRK
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80.79 (USD) • At close August 5, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) USD.

	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue Numbers are in millions	64,168	60,115	59,283	48,704	41,518	39,121	42,294	40,122	39,807	39,498	42,237	44,033	47,267	48,047	45,987	27,428	23,850	24,197.7	22,636	22,011.9	22,972.8	22,485.9	21,445.8	21,199	40,363.2	32,714	26,898.2	23,636.9	19,828.7	16,681.1	14,969.8	10,498.2	9,662.5	8,602.7	7,671.5	6,550.5	5,939.5	5,061.3	4,128.9	3,547.5
Cost of Revenue Numbers are in millions	15,193	16,126	17,411	13,626	13,618	12,016	13,509	12,912	14,030	14,934	16,768	16,954	16,446	16,871	18,396	9,019	5,583	6,140.7	6,001.1	5,149.6	4,965.7	4,436.9	3,907.1	3,624.8	21,166.2	16,389.4	13,174.6	10,953.2	8,588.3	6,789.1	5,281.1	2,111.1	1,774.7	1,671.1	1,524.1	1,328.6	1,321.2	1,234.3	1,144.1	1,089.9
Gross Profit Numbers are in millions	48,975	43,989	41,872	35,078	27,900	27,105	28,785	27,210	25,777	24,564	25,469	27,079	30,821	31,176	27,591	18,409	18,267	18,057	16,634.9	16,862.3	18,007.1	18,049	17,538.7	17,574.2	19,197	16,324.6	13,723.6	12,683.7	11,240.4	9,892	9,688.7	8,387.1	7,887.8	6,931.6	6,147.4	5,221.9	4,618.3	3,827	2,984.8	2,457.6
Gross Profit Ratio Numbers are in millions	0.763	0.732	0.706	0.72	0.672	0.693	0.681	0.678	0.648	0.622	0.603	0.615	0.652	0.649	0.6	0.671	0.766	0.746	0.735	0.766	0.784	0.803	0.818	0.829	0.476	0.499	0.51	0.537	0.567	0.593	0.647	0.799	0.816	0.806	0.801	0.797	0.778	0.756	0.723	0.693
Reseach & Development Expenses Numbers are in millions	17,938	30,531	13,548	12,245	13,397	9,724	9,752	10,339	10,261	6,704	7,180	7,503	8,168	8,467	11,111	5,845	4,805	4,882.8	4,782.9	3,848	4,010.2	3,279.9	2,677.2	2,456.4	2,343.8	2,068.3	1,821.1	1,683.7	1,487.3	1,331.4	1,230.6	1,172.8	0	0	0	0	0	0	0	0
General & Administrative Expenses Numbers are in millions	0	0	0	0	0	0	0	244	255	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling & Marketing Expenses Numbers are in millions	0	0	0	0	0	0	0	9,830	9,762	10,313	11,606	11,911	12,776	13,733	13,125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
SG&A Numbers are in millions	10,816	10,504	10,042	9,634	8,955	9,455	10,102	10,074	10,017	10,313	11,606	11,911	12,776	13,733	13,125	8,543	7,377	7,556.7	8,165.4	7,155.5	7,238.7	6,200.3	5,652.2	5,700.6	6,167.7	5,199.9	4,511.4	4,299.2	3,841.3	3,297.8	3,177.5	2,913.9	4,074.9	3,558.1	3,242	2,763.9	2,546.6	2,247.8	1,749.7	1,330.6
Other Expenses Numbers are in millions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	120	139.1	1,596.4	1,462.2	1,015.1	837.1	927.1	859.2	875.5	414.7	321.4	263.8	254	221.7	204.9	210	193.9	287.2
Operating Expenses Numbers are in millions	28,754	41,035	23,590	21,879	22,352	19,179	19,854	20,413	20,278	17,017	18,786	19,414	20,944	22,200	24,236	14,388	12,182	12,439.5	12,948.3	11,003.5	11,248.9	9,480.2	8,449.4	8,296.1	10,107.9	8,730.4	7,347.6	6,820	6,255.7	5,488.4	5,283.6	4,501.4	4,396.3	3,821.9	3,496	2,985.6	2,751.5	2,457.8	1,943.6	1,617.8
Operating Income Numbers are in millions	20,221	2,954	18,282	13,199	5,548	7,926	8,931	6,797	5,499	7,547	6,683	7,665	9,877	8,976	3,355	4,021	6,085	5,617.5	3,686.6	5,858.8	6,758.2	8,568.8	9,089.3	9,278.1	9,089.1	7,594.2	6,376	5,863.7	4,984.7	4,403.6	4,405.1	3,885.7	3,491.5	3,109.7	2,651.4	2,236.3	1,866.8	1,369.2	1,041.2	839.8
Operating Income Ratio Numbers are in millions	0.315	0.049	0.308	0.271	0.134	0.203	0.211	0.169	0.138	0.191	0.158	0.174	0.209	0.187	0.073	0.147	0.255	0.232	0.163	0.266	0.294	0.381	0.424	0.438	0.225	0.232	0.237	0.248	0.251	0.264	0.294	0.37	0.361	0.361	0.346	0.341	0.314	0.271	0.252	0.237
Total Other Income Expenses Net Numbers are in millions	-285	-1,065	-1,838	680	315	-755	-230	-276	-840	-2,146	10,600	-2,120	-1,138	-1,642	-1,702	11,269	3,846	-2,246.8	2,534.8	1,505.1	1,244.6	482.8	562.4	670	735	1,025.3	1,757.1	598.6	556.1	393.6	10.1	-783	72.1	57	47.4	46.7	4.2	36	32.1	17.2
Income Before Tax Numbers are in millions	19,936	1,889	16,444	13,879	5,863	7,171	8,701	6,521	4,659	5,401	17,283	5,545	8,739	7,334	1,653	15,290	9,931	3,370.7	6,221.4	7,363.9	8,002.8	9,051.6	9,651.7	9,948.1	9,824.1	8,619.5	8,133.1	6,462.3	5,540.8	4,797.2	4,415.2	3,102.7	3,563.6	3,166.7	2,698.8	2,283	1,871	1,405.2	1,073.3	857
Income Before Tax Ratio Numbers are in millions	0.311	0.031	0.277	0.285	0.141	0.183	0.206	0.163	0.117	0.137	0.409	0.126	0.185	0.153	0.036	0.557	0.416	0.139	0.275	0.335	0.348	0.403	0.45	0.469	0.243	0.263	0.302	0.273	0.279	0.288	0.295	0.296	0.369	0.368	0.352	0.349	0.315	0.278	0.26	0.242
Income Tax Expense Numbers are in millions	2,803	1,512	1,918	1,521	1,340	1,565	2,508	4,103	718	942	5,349	1,028	2,440	942	671	2,268	1,999	95.3	1,787.6	2,732.6	2,172.7	2,462	2,856.9	2,894.9	3,002.4	2,729	2,884.9	1,848.2	1,659.5	1,462	1,418.2	936.5	1,117	1,045	917.6	787.6	664.2	498.8	397.6	317.1
Net Income Numbers are in millions	17,117	365	14,519	13,049	7,067	9,843	6,220	2,394	3,920	4,442	11,920	4,404	6,168	6,272	861	12,899	7,808	3,275.4	4,433.8	4,631.3	5,830.1	6,830.9	7,149.5	7,281.8	6,821.7	5,890.5	5,248.2	4,614.1	3,881.3	3,335.2	2,997	2,166.2	1,984.2	2,121.7	1,781.2	1,495.4	1,206.8	906.4	675.7	539.9
Net Income Ratio Numbers are in millions	0.267	0.006	0.245	0.268	0.17	0.252	0.147	0.06	0.098	0.112	0.282	0.1	0.13	0.131	0.019	0.47	0.327	0.135	0.196	0.21	0.254	0.304	0.333	0.343	0.169	0.18	0.195	0.195	0.196	0.2	0.2	0.206	0.205	0.247	0.232	0.228	0.203	0.179	0.164	0.152
EPS Numbers are in millions	6.74	0.14	5.73	5.16	2.79	3.84	2.4	0.95	2.07	1.6	4.2	1.5	2.2	2.06	0.28	4.15	3.65	-1.04	2.04	2.11	2.63	2.97	3.17	3.18	2.96	2.51	2.21	1.92	1.6	1.35	1.19	0.94	1.06	0.92	0.76	0.63	0.51	0.37	0.27	0.21
EPS Diluted Numbers are in millions	6.74	0.14	5.71	5.14	2.78	3.82	2.32	0.93	2.04	1.56	4.07	1.47	2.16	2.02	0.28	4.15	3.63	-1.04	2.03	2.1	2.62	2.97	3.14	3.14	2.9	2.45	2.15	1.87	1.56	1.32	1.18	0.93	1.05	0.91	0.76	0.63	0.51	0.37	0.27	0.21
EBITDA Numbers are in millions	25,706	6,907	21,315	17,899	10,180	11,374	13,992	11,951	10,823	12,448	24,706	13,334	16,431	15,456	9,749	18,326	11,813	7,605.7	5,955	7,566.9	8,208.9	9,883	10,320.5	10,410.6	10,685.5	9,056.4	7,391.1	6,700.8	5,911.8	5,262.8	5,280.6	4,300.4	3,812.9	3,373.5	2,905.4	2,458	2,071.7	1,579.2	1,235.1	1,022.3
EBITDA Ratio Numbers are in millions	0.401	0.115	0.36	0.368	0.245	0.291	0.331	0.298	0.272	0.315	0.585	0.303	0.348	0.322	0.212	0.668	0.495	0.314	0.263	0.344	0.357	0.44	0.481	0.491	0.265	0.277	0.275	0.283	0.298	0.315	0.353	0.41	0.395	0.392	0.379	0.375	0.349	0.312	0.299	0.288

Merck & Co., Inc.

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