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Merck & Co., Inc. (MRK) Stock: Price, Forecast & Analyst Target

Merck & Co., Inc. (MRK) — MoonshotScore 75/100 (Strong band), calculated Oct 4, 2026. Price $144.30 (+0.34%), as of the Oct 2, 2026 trading session; market cap $356B. Expected results Oct 29, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 49.85× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Oct 29, 2026

$144.30 +$0.49 (+0.34%) Market Cap $356B

Merck & Co., Inc. · MRK · NYSE · Healthcare · Drug Manufacturers - General

Research dated 2026-09-12: Merck sells human medicines and vaccines through pharmaceutical channels, while its animal-health arm supplies veterinary drugs, vaccines and digital identification and monitoring tools. The decisive issue is whether cash-generative operations can absorb the recent surge in research expense and restore reported profitability without revenue losing momentum.

Price as of Oct 2, 2026

Key Statistics

75 of 100

MoonshotScore v2 · Merck & Co. (MRK)

Strong
Business Quality Elite (87)
Financial Safety Strained (31)
Valuation Full (45)
Growth Durability Growing (74)
Momentum Surging (86)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, but a strained balance sheet; the market is already moving on it. Business Quality: Elite; Financial Safety: Strained; Valuation: Full; Growth Durability: Growing; Momentum: Surging.

  • quarterly revenue $16.61B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 7 of 8
  • expected results Oct 29, 2026

Holding back: balance-sheet strain

Helping: business quality, durable growth, positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for MRK (29 recorded, newest six shown)
RecordedScoreBand
75Strong
76Strong
75Strong
75Strong
75Strong
75Strong

The score was 75 in the stored Oct 3, 2026 snapshot and remains 75 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$144.30
Change on the day+0.34%
52-week range$82.01 – $156.92
Market capitalisation$356B
Price / earnings (trailing)114.52
Shares traded on the day9.16M
Beta (volatility vs the S&P 500)0.23
Dividends per share (last 12 months)$3.40
Dividend yield (last 12 months)2.36%

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $79, high $153, latest $144. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $153 $79 high $153 Oct 30, 2025 · Earnings results · reported above the recorded estimate · close $861Feb 3, 2026 · Earnings results · reported above the recorded estimate · close $1222Apr 30, 2026 · Earnings results · reported above the recorded estimate · close $1123Aug 4, 2026 · Earnings call · Product launch → 2029 · no recorded estimate to compare · close $1294Aug 4, 2026 · Earnings results · reported above the recorded estimate · close $1295 Sep 5, 2025 Oct 2, 2026 · $144 $85Sep 5, 2025$82Sep 19, 2025$89Oct 3, 2025$85Oct 17, 2025$86Oct 31, 2025$93Nov 14, 2025$105Nov 28, 2025$100Dec 12, 2025$107Dec 26, 2025$111Jan 9, 2026$108Jan 23, 2026$122Feb 6, 2026$122Feb 20, 2026$116Mar 6, 2026$114Mar 20, 2026$121Apr 2, 2026$119Apr 17, 2026$112May 1, 2026$111May 15, 2026$119May 29, 2026$119Jun 12, 2026$129Jun 26, 2026$124Jul 10, 2026$131Jul 24, 2026$129Aug 7, 2026$153Aug 21, 2026$150Sep 4, 2026$147Sep 18, 2026$144Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · Product launch → 2029
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

Dated events ahead, in order, not to scaleOct 7, 2026, Dividend payment date; Oct 29, 2026, Next results due; 2029, Product launch. Spacing is order only and carries no duration.Oct 2, 20261Oct 7, 20262Oct 29, 202632029
  1. Dividend payment dateCompany record
  2. Next results dueProvider estimate
  3. 2029
    Product launchManagement expectation

Management outlook

  • We now expect a full year tax rate between 35% and 36%, which reflects the nontax deductible onetime charge for Terns.

    Caroline Litchfield · Statement from

Chronological order, not a duration scale. Periods are stated windows, not exact dates. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Merck & Co. (MRK): Bullish Lean

69/100 · B+

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Moderate
Momentum Strong
Business Quality Strong
Financial Safety Weak
Valuation Neutral

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Unfavorable read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Favorable read

Read on: Oct 4, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Weak
Revenue Growth Weak
Debt/Equity Negative
ROE Neutral
Gross Margin Strong

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

One of these lenses reads this company less favourably than the MoonshotScore does: Griffin-style lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the MRK film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Merck & Co. (MRK), and what does it report?

Short answer · as of

Merck commercializes therapies across oncology, hospital care, immunology, neuroscience, virology, cardiovascular disease and diabetes, alongside preventive vaccines.

Research dated 2026-09-12.

Merck commercializes therapies across oncology, hospital care, immunology, neuroscience, virology, cardiovascular disease and diabetes, alongside preventive vaccines. Demand reaches Merck through wholesalers, pharmacies, hospitals, government agencies, managed-care organizations, physicians and other institutional customers.

Pharmaceuticals provide the overwhelming share of reported sales. Animal Health is smaller but economically distinct, tying Merck to veterinary care, livestock production and animal monitoring rather than making the company solely dependent on human medicines.

Sources (as of 2026-09-12): Sector / industry (provider taxonomy); Business description; Revenue by segment

2 · Latest results

What do the latest results show for Merck & Co. (MRK)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $16.61B.

Research dated 2026-09-12.

Revenue remained near its elevated base and improved in the latest reported period, while gross profit eased and operating and net results stayed negative. Losses narrowed from the preceding period, but research expense remained far above its earlier quarterly run rate; unusually heavy research spending, rather than collapsing sales, is the defining feature of the recent accounts.

The earnings-history measure was less negative than expected, while revenue also cleared the estimate. Management separately attributed its elevated full-year tax expectation to the nondeductible onetime Terns charge; that comment explains the tax outlook, not the research-spending surge.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Recent SEC filings; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$16.61B Jun 30, 2026
Latest quarter · R&D
$9.74B Jun 30, 2026
Latest quarter · SG&A
$2.90B Jun 30, 2026
Latest quarter · FMP standardized operating result
−$683.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$16.61B$9.74B$2.90B−$683.00M
Mar 31, 2026$16.29B$12.56B$2.67B−$1.88B
Dec 31, 2025$16.32B$2.50B$2.85B$6.16B
Sep 30, 2025$17.18B$3.55B$1.97B$7.46B

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$16.61B Aug 4, 2026
Latest report · revenue estimate
$16.37B Aug 4, 2026
Latest report · revenue vs estimate
Above estimate Aug 4, 2026
Latest report · EPS vs estimate
Above estimate Aug 4, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 4, 2026$16.61B$16.37B−$0.1300−$0.2705
Apr 30, 2026$16.29B$15.85B−$1.2800−$1.4700
Feb 3, 2026$16.40B$16.20B$2.0400$2.0100
Oct 30, 2025$17.28B$16.98B$2.5800$2.3600

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$16.61B-$1.33B-$0.54 (diluted)
Q1 FY2026$16.29B-$4.24B-$1.72 (diluted)
Q4 FY2025$16.32B$2.96B$1.19 (diluted)
Q3 FY2025$17.18B$5.79B$2.32 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Merck & Co. (MRK)?

Short answer

Cash and short-term investments were $7.14B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $5.37B for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Operating cash flow remained positive throughout the displayed series and strengthened in the latest period, comfortably covering capital expenditure even while accounting results showed losses. Short-term liquidity ratios sit above parity, but total debt greatly exceeds liquid holdings, making Merck cash-generative rather than net-cash funded.

Cash and short-term investments have declined across the reported window despite a recent rebound. Pharmaceutical concentration compounds that balance-sheet pressure: failure of the human medicines and vaccines portfolio to offset heavy research expense would squeeze earnings and reduce room to rebuild liquidity while carrying the debt load.

Sources (as of 2026-09-12): Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value; Trailing twelve-month ratio set; Revenue by segment

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
$5.37B Jun 30, 2026
Previous quarter · operating cash flow
$3.92B Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026$5.37B−$893.00M
Mar 31, 2026$3.92B−$991.00M
Dec 31, 2025$2.86B−$1.03B
Sep 30, 2025$7.82B−$987.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Merck & Co. (MRK)?

Short answer · as of

The next earnings report is expected on Oct 29, 2026.

Research dated 2026-09-12.

The next report should be read for a return to operating and net profitability, movement in research expense, and whether revenue extends its latest improvement. Cash conversion deserves equal attention because operating cash strengthened while reported earnings remained negative.

Watch whether liquid balances continue recovering and whether management preserves its announced product-launch timetable. Longer-range estimates anticipate revenue expansion before becoming comparatively flatter, so the useful test is execution against that path rather than the consensus label itself.

Sources (as of 2026-09-12): Next earnings report; Analyst revenue and earnings estimates (average); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts; Reported versus estimated, last 8 quarters

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. What we have said all along is that we plan to launch in 2029.

    Dean Li ·

  2. We now expect a full year tax rate between 35% and 36%, which reflects the nontax deductible onetime charge for Terns.

    Caroline Litchfield ·

5 · Peer comparison

How does Merck & Co. compare with its peers?

Short answer

Merck & Co.'s score ranks 11th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Compared with a pure human-pharmaceutical manufacturer, Merck contains a commercially meaningful animal-health franchise. That operation sells veterinary medicines and vaccines to veterinarians and livestock producers, then extends the relationship through identification, traceability and continuous-monitoring products.

Pharmaceuticals still dwarf Animal Health in reported sales. The animal franchise diversifies customers and demand channels, but Merck’s consolidated economics remain dominated by commercialization and research in human health.

Sources (as of 2026-09-12): Business description; Revenue by segment; Sector / industry (provider taxonomy)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Eli Lilly and Company (LLY) Same industry, near in market value$1142.85 Oct 2, 2026$1.08T97 5-pillar Oct 4, 2026
Novo Nordisk A/S (NVO) Named competitor$37.32 Oct 2, 2026$166B91 5-pillar Oct 4, 2026
Bristol-Myers Squibb Company (BMY) Same industry, near in market value$61.15 Oct 2, 2026$125B91 5-pillar Oct 4, 2026
Johnson & Johnson (JNJ) Same industry, near in market value$256.03 Oct 2, 2026$617B90 5-pillar Oct 4, 2026
GSK plc (GSK) Same industry, near in market value$47.03 Oct 2, 2026$94.2B88 5-pillar Oct 4, 2026
AstraZeneca PLC (AZN) Named competitor$156.90 Oct 2, 2026$243B85 5-pillar Oct 4, 2026
Amgen Inc. (AMGN) Named competitor$403.04 Oct 2, 2026$218B85 5-pillar Oct 4, 2026
Novartis AG (NVS) Named competitor$141.00 Oct 2, 2026$268B84 5-pillar Oct 4, 2026
Sanofi (SNY) Same industry, near in market value$39.92 Oct 2, 2026$95.9B83 5-pillar Oct 4, 2026
AbbVie Inc. (ABBV) Same industry, near in market value$262.82 Oct 2, 2026$464B78 5-pillar Oct 4, 2026
Merck & Co. (MRK) — this page$144.30$356B75
Thermo Fisher Scientific Inc. (TMO) Named competitor$654.80 Oct 2, 2026$242B68 5-pillar Oct 4, 2026
Pfizer Inc. (PFE) Same industry, near in market value$27.80 Oct 2, 2026$158B68 5-pillar Oct 4, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Healthcare stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$105.00 – $180.00
Consensus target
$159.59
Median target
$170.00

Consensus record · Captured .

Measured against a quoted price of $144.30 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026

Transactions
58
Identified insiders
20
Purchases
0
Sales
13
Other transactions
45

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
82.3% Period end Jun 30, 2026
Previous quarter · ownership
78.1% Prior to period end Jun 30, 2026
Reporting holders
3,951 Period end Jun 30, 2026
Previous quarter · holders
3,912 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.226,999,837
Vanguard Capital Management LLC161,323,174
State Street Corp120,413,256
Wellington Management Group Llp86,249,283
Vanguard Portfolio Management LLC67,738,969

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Merck & Co. (MRK)?

Read these with our analysis →

MRK Healthcare Stock FAQ

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.

How important is Merck Animal Health beside its pharmaceutical business?

Animal Health is a substantial standalone operation, but pharmaceuticals contribute the overwhelming majority of segment revenue. Its value is diversification into veterinary and livestock demand, not equal balance with human health.

Sources (as of 2026-09-12): Revenue by segment; Business description

Why did Merck post losses while revenue stayed resilient?

The losses coincided with research expense rising far above its earlier quarterly pattern. Revenue remained resilient and the latest loss narrowed, so the recent deterioration is concentrated in reported costs rather than a broad sales collapse.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters

What does Merck sell to veterinarians and livestock producers?

Merck supplies veterinary medicines and vaccines, along with tools for animal identification, traceability and continuous monitoring. This creates a demand stream linked to animal care and livestock management rather than human prescribing.

Sources (as of 2026-09-12): Business description; Revenue by segment

How does the Terns charge affect Merck’s outlook?

Management says the nondeductible onetime Terns charge raises the expected full-year tax rate. It explains the tax guidance but should not be treated as an explanation for the operating loss or research-spending surge.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Quarterly income statement (USD thousands)

What is the MRK stock price today?

The last price recorded on this page for Merck & Co., Inc. (MRK) is $144.30, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the MRK price target?

The analyst consensus price target for Merck & Co., Inc. (MRK) is $159.59 (range $105.00 to $180.00, median $170.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

When are MRK's next earnings?

The next earnings date listed on this page for Merck & Co., Inc. (MRK) is Oct 29, 2026. Companies sometimes move report dates, so the company's own announcement is the final word on timing.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Revenue by segment; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

Sources — records for every figure on this page (84 figures)

The 84 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsDean Li (Aug 4, 2026): What we have said all along is that we plan to launch in 2029. Caroline Litchfield (Aug 4, 2026): We now expect a full year tax rate between 35% and 36%, which reflects the nontax deductible onetime charge for Terns.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressRahway, NJOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "126 East Lincoln Avenue, Rahway, NJ, 07065, US". The FMP company description names Kenilworth, New Jersey as the headquarters; this page uses the address in this row.

FMP — 72 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$144.30FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T21:14:20.930Z.
px.changeChange on the day+0.34%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$356BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:02:25.000Z. Captured from FMP at 2026-10-04T21:14:19.875Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$0.49FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$16.61BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.pePrice / earnings (trailing)114.52FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day9.16MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.23FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveRobert DavisFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees74,000FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $48.70B, net result $13.05B; FY2022 revenue $59.28B, net result $14.52B; FY2023 revenue $60.12B, net result $365.00M; FY2024 revenue $64.17B, net result $17.12B; FY2025 revenue $64.93B, net result $18.25BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsOther Segments $515.00M · Animal Health segment $6.35B · Pharmaceutical segment $58.14BFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)75.4%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$16.61BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$9.74BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$2.90BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30−$683.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$16.29BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$12.56BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$2.67BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31−$1.88BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$16.32BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$2.50BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$2.85BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$6.16BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$17.18BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$3.55BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$1.97BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$7.46BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-04.revenue_actualRevenue · reported — report date 2026-08-04$16.61BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.revenue_estimatedRevenue · estimate — report date 2026-08-04$16.37BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_actualEPS · reported — report date 2026-08-04−$0.1300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_estimatedEPS · estimate — report date 2026-08-04−$0.2705Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_actualRevenue · reported — report date 2026-04-30$16.29BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.revenue_estimatedRevenue · estimate — report date 2026-04-30$15.85BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_actualEPS · reported — report date 2026-04-30−$1.2800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-04-30.eps_estimatedEPS · estimate — report date 2026-04-30−$1.4700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_actualRevenue · reported — report date 2026-02-03$16.40BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.revenue_estimatedRevenue · estimate — report date 2026-02-03$16.20BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_actualEPS · reported — report date 2026-02-03$2.0400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-03.eps_estimatedEPS · estimate — report date 2026-02-03$2.0100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_actualRevenue · reported — report date 2025-10-30$17.28BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.revenue_estimatedRevenue · estimate — report date 2025-10-30$16.98BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_actualEPS · reported — report date 2025-10-30$2.5800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-10-30.eps_estimatedEPS · estimate — report date 2025-10-30$2.3600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$7.14BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow$5.37BFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$1.22BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$53.91BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value8.51×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30$5.37BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$3.92BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$893.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$991.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$2.86BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$1.03BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$7.82BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$987.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$105.00 – $180.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$159.59FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$170.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP58 transactions · 0 purchases, 13 sales, 45 other transactions · 20 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership82.3%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership78.1%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders3,951FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders3,912FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot226,999,837FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesVanguard Capital Management LLC — shares in provider snapshot161,323,174FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesState Street Corp — shares in provider snapshot120,413,256FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesWellington Management Group Llp — shares in provider snapshot86,249,283FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesVanguard Portfolio Management LLC — shares in provider snapshot67,738,969FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateOct 29, 2026UNRECORDEDStored earnings-calendar observation — Captured 2026-09-14
earn.historyReported versus estimated, recent quartersEPS beat 7 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-03
px.range5252-week range$82.01 – $156.92UNRECORDEDStored company-profile observation — Captured 2026-10-03

COMPUTED — 5 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments49.85×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $7.14B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
div.ttm_per_shareDividends per share, last 12 months (split-adjusted)$3.40COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.
div.ttm_yieldDividend yield, last 12 months2.36%COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate.
earn.history.depth.2026-08-04.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($16.61B) with the recorded estimate ($16.37B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-04.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$0.1300) with the recorded estimate (−$0.2705) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v275 of 100 · Strong · pillars 87 / 31 / 45 / 74 / 86OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement75 (stored snapshot Oct 3, 2026) → 75 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-04.revenue_actual, earn.history.depth.2026-08-04.revenue_estimated, earn.history.depth.2026-08-04.revenue_actual.comparison, earn.history.depth.2026-08-04.eps_actual.comparison, earn.history.depth.2026-08-04.eps_actual, earn.history.depth.2026-08-04.eps_estimated, earn.history.depth.2026-04-30.revenue_actual, earn.history.depth.2026-04-30.revenue_estimated, earn.history.depth.2026-04-30.eps_actual, earn.history.depth.2026-04-30.eps_estimated, earn.history.depth.2026-02-03.revenue_actual, earn.history.depth.2026-02-03.revenue_estimated, earn.history.depth.2026-02-03.eps_actual, earn.history.depth.2026-02-03.eps_estimated, earn.history.depth.2025-10-30.revenue_actual, earn.history.depth.2025-10-30.revenue_estimated, earn.history.depth.2025-10-30.eps_actual, earn.history.depth.2025-10-30.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Merck & Co., Inc.
2026-02-24OFFICIALSEC EDGAR — 10-K filed 2026-02-24
Business description
Merck & Co., Inc. is a global healthcare leader with operations spanning two core divisions: Pharmaceuticals and Animal Health. The Pharmaceutical segment is dedicated to human health, offering a broad spectrum of medicinal products. These cover crucial therapeutic areas such as oncology, acute hospital care, immunology, neuroscience, virology, cardiovascular conditions, and diabetes. This division also develops vital preventive vaccines for pediatric, adolescent, and adult populations. Meanwhile, the Animal Health segment focuses on the research, development, manufacturing, and marketing of veterinary medications, vaccines, and comprehensive health management solutions for animals. This division further provides innovative digital products designed for animal identification, traceability, and continuous monitoring. Merck's extensive clientele encompasses drug wholesalers, pharmacies, hospitals, and government agencies. It also serves managed healthcare organizations, including health maintenance organizations (HMOs) and pharmacy benefit managers, as well as various other institutional clients. Additionally, the company supplies products to individual physicians and their distributors, veterinarians, and livestock producers. The organization actively engages in strategic collaborations with companies such as AstraZeneca PLC, Bayer AG, Eisai Co., Ltd., Ridgeback Biotherapeutics, and Gilead Sciences, Inc. These partnerships are specifically aimed at the joint development and commercialization of prolonged-acting therapies for HIV. Established in 1891, Merck & Co., Inc. maintains its corporate headquarters in Kenilworth, New Jersey.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Other Segments: $515.00M; Animal Health segment: $6.35B; Pharmaceutical segment: $58.14B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$0.54 per share, R&D: $9.74B, SG&A: $2.90B, EPS basic: -$0.54 per share, EPS basis: diluted, Revenue: $16.61B, EPS diluted: -$0.54 per share, Net result: -$1.33B, Gross profit: $12.21B, Operating result: -$683.00M
  • Quarter ended 2026-03-31 — EPS: -$1.72 per share, R&D: $12.56B, SG&A: $2.67B, EPS basic: -$1.72 per share, EPS basis: diluted, Revenue: $16.29B, EPS diluted: -$1.72 per share, Net result: -$4.24B, Gross profit: $13.34B, Operating result: -$1.88B
  • Quarter ended 2025-12-31 — EPS: $1.19 per share, R&D: $2.50B, SG&A: $2.85B, EPS basic: $1.2 per share, EPS basis: diluted, Revenue: $16.32B, EPS diluted: $1.19 per share, Net result: $2.96B, Gross profit: $11.51B, Operating result: $6.16B
  • Quarter ended 2025-09-30 — EPS: $2.32 per share, R&D: $3.55B, SG&A: $1.97B, EPS basic: $2.32 per share, EPS basis: diluted, Revenue: $17.18B, EPS diluted: $2.32 per share, Net result: $5.79B, Gross profit: $12.99B, Operating result: $7.46B
  • Quarter ended 2025-06-30 — EPS: $1.76 per share, R&D: $3.54B, SG&A: $2.05B, EPS basic: $1.76 per share, EPS basis: diluted, Revenue: $15.80B, EPS diluted: $1.76 per share, Net result: $4.43B, Gross profit: $11.95B, Operating result: $6.36B
  • Quarter ended 2025-03-31 — EPS: $2.01 per share, R&D: $3.12B, SG&A: $1.91B, EPS basic: $2.01 per share, EPS basis: diluted, Revenue: $15.62B, EPS diluted: $2.01 per share, Net result: $5.08B, Gross profit: $11.73B, Operating result: $6.71B
  • Quarter ended 2024-12-31 — EPS: $1.48 per share, R&D: $4.58B, SG&A: $2.69B, EPS basic: $1.48 per share, EPS basis: diluted, Revenue: $15.62B, EPS diluted: $1.48 per share, Net result: $3.74B, Gross profit: $11.80B, Operating result: $4.35B
  • Quarter ended 2024-09-30 — EPS: $1.24 per share, R&D: $5.86B, SG&A: $2.73B, EPS basic: $1.25 per share, EPS basis: diluted, Revenue: $16.66B, EPS diluted: $1.24 per share, Net result: $3.16B, Gross profit: $12.58B, Operating result: $3.98B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$893.00M, Operating cash flow: $5.37B
  • Quarter ended 2026-03-31 — Capital expenditure: -$991.00M, Operating cash flow: $3.92B
  • Quarter ended 2025-12-31 — Capital expenditure: -$1.03B, Operating cash flow: $2.86B
  • Quarter ended 2025-09-30 — Capital expenditure: -$987.00M, Operating cash flow: $7.82B
  • Quarter ended 2025-06-30 — Capital expenditure: -$764.00M, Operating cash flow: $3.29B
  • Quarter ended 2025-03-31 — Capital expenditure: -$1.33B, Operating cash flow: $2.50B
  • Quarter ended 2024-12-31 — Capital expenditure: -$937.00M, Operating cash flow: $3.45B
  • Quarter ended 2024-09-30 — Capital expenditure: -$783.00M, Operating cash flow: $9.29B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Sector / industry (provider taxonomy)
Healthcare / Drug Manufacturers - General

The company's SEC filings classify it under SIC 2834 — Pharmaceutical Preparations.

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $12.51B, Revenue: $64.93B, Period end: 2025-12-31, Net result: $18.25B
  • FY2024 — R&D: $17.94B, Revenue: $64.17B, Period end: 2024-12-31, Net result: $17.12B
  • FY2023 — R&D: $30.53B, Revenue: $60.12B, Period end: 2023-12-31, Net result: $365.00M
  • FY2022 — R&D: $13.55B, Revenue: $59.28B, Period end: 2022-12-31, Net result: $14.52B
  • FY2021 — R&D: $12.24B, Revenue: $48.70B, Period end: 2021-12-31, Net result: $13.05B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-04 — EPS actual: -$0.13 per share, EPS estimated: -$0.27049 per share, Revenue actual: $16.61B, Revenue estimated: $16.37B
  • Reported 2026-04-30 — EPS actual: -$1.28 per share, EPS estimated: -$1.47 per share, Revenue actual: $16.29B, Revenue estimated: $15.85B
  • Reported 2026-02-03 — EPS actual: $2.04 per share, EPS estimated: $2.01 per share, Revenue actual: $16.40B, Revenue estimated: $16.20B
  • Reported 2025-10-30 — EPS actual: $2.58 per share, EPS estimated: $2.36 per share, Revenue actual: $17.28B, Revenue estimated: $16.98B
  • Reported 2025-07-29 — EPS actual: $2.13 per share, EPS estimated: $2.03 per share, Revenue actual: $15.81B, Revenue estimated: $15.86B
  • Reported 2025-04-24 — EPS actual: $2.22 per share, EPS estimated: $2.13 per share, Revenue actual: $15.53B, Revenue estimated: $15.34B
  • Reported 2025-02-04 — EPS actual: $1.72 per share, EPS estimated: $1.85 per share, Revenue actual: $15.62B, Revenue estimated: $15.48B
  • Reported 2024-10-31 — EPS actual: $1.57 per share, EPS estimated: $1.5 per share, Revenue actual: $16.66B, Revenue estimated: $16.47B
2026-08-04FMPFinancial Modeling Prep (FMP) earnings
Management outlook — dated call excerpts
Captured record · 2 entries
  • Call of 2026-08-04 — Quote: What we have said all along is that we plan to launch in 2029., Target: (Kind: launch, Year: 2029, Label: 2029, Subject: Product launch), Speaker: Dean Li
  • Call of 2026-08-04 — Quote: We now expect a full year tax rate between 35% and 36%, which reflects the nontax deductible onetime charge for Terns., Speaker: Caroline Litchfield

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-04OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Recent SEC filings2026-08-07OFFICIALSEC EDGAR filer submissions
Most recent periodic reports
Annual: Document: https://www.sec.gov/Archives/edgar/data/310158/000031015826000063/mrk-20251231.htm, Filed: 2026-02-24, Period end: 2025-12-31; Quarterly: Document: https://www.sec.gov/Archives/edgar/data/310158/000031015826000212/mrk-20260630.htm, Filed: 2026-08-07, Period end: 2026-06-30
2026-08-07OFFICIALSEC EDGAR filer submissions
Cash, investments and debt
Total debt: $53.91B; Liquidity basis: cash and short-term investments; Total liabilities: $87.82B; Cash and short-term investments: $7.14B; Cash and investments: $8.36B; Long-term investments: $1.22B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $8.36B; Cash and short-term investments: $7.14B; Long-term investments: $1.22B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $7.14B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $5.70B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $14.56B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $18.21B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $8.62B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $9.23B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $13.69B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $14.59B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $7.14B; Decline: $7.45B; Opening balance: $14.59B; Average change per period: $1.06B

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$46.77B; Total debt: $53.91B; Cash and investments: $7.14B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 1.1; Current ratio: 1.32; Debt to equity: 1.29; Net margin: 4.8%; Gross margin: 75.4%; Operating margin: 16.7%; Return on assets: 2.4%; Return on equity: 6.6%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Next earnings report
Date: 2026-10-29; EPS estimate: $2.22 per share; Revenue estimate: $17.32B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $9.55 per share, Revenue average: $70.19B, Revenue low: $69.51B, Revenue high: $71.99B, Analysts (revenue): 17
  • FY2028 — EPS average: $10.53 per share, Revenue average: $74.32B, Revenue low: $70.97B, Revenue high: $79.79B, Analysts (revenue): 18
  • FY2029 — EPS average: $10.28 per share, Revenue average: $74.52B, Revenue low: $72.98B, Revenue high: $76.47B, Analysts (revenue): 10
  • FY2030 — EPS average: $10.18 per share, Revenue average: $75.56B, Revenue low: $74.00B, Revenue high: $77.54B, Analysts (revenue): 9
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold MRK

Funds in our ETF coverage that list MRK among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
iShares Evolved U.S. Innovative Healthcare ETF (IEIH)5.77%
PBPH ETF4.89%
Brookstone Value Stock ETF (BAMV)4.65%
iShares Genomics Immunology and Healthcare ETF (IDNA)4.22%
VHT ETF4.19%
WisdomTree U.S. High Dividend Fund (DHS)4.10%
ProShares - Ultra Health Care (RXL)3.76%
IXJ ETF3.71%
Genter Capital Dividend Income ETF (GEND)3.50%
American Century STOXX U.S. Quality Value ETF (VALQ)2.88%