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10-K

Annual Report

Merck & Co., Inc. MRK

0000310158-26-000063

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Filed
Feb 24, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Jan 31, 2026 2.47B sh
Shares Diluted FY 2025 · Dec 31, 2025 2.51B sh
Shares Diluted FY 2025 · Dec 31, 2024 2.54B sh
Shares Diluted FY 2025 · Dec 31, 2023 2.55B sh
Stock Repurchased FY 2025 · Dec 31, 2025 $5.08B
Stock Repurchased FY 2025 · Dec 31, 2024 $1.31B
Stock Repurchased FY 2025 · Dec 31, 2023 $1.35B
Dividends Paid FY 2025 · Dec 31, 2025 $8.18B
Dividends Paid FY 2025 · Dec 31, 2024 $7.84B
Dividends Paid FY 2025 · Dec 31, 2023 $7.45B
Capex FY 2025 · Dec 31, 2025 $4.11B
Capex FY 2025 · Dec 31, 2024 $3.37B
Capex FY 2025 · Dec 31, 2023 $3.86B
Operating Cash Flow FY 2025 · Dec 31, 2025 $16.47B
Operating Cash Flow FY 2025 · Dec 31, 2024 $21.47B
Operating Cash Flow FY 2025 · Dec 31, 2023 $13.01B
Long Term Debt FY 2025 · Dec 31, 2025 $46.75B
Long Term Debt FY 2025 · Dec 31, 2024 $34.46B
Short Term Debt FY 2025 · Dec 31, 2025 $2.59B
Short Term Debt FY 2025 · Dec 31, 2024 $2.65B
Cash And Equivalents FY 2025 · Dec 31, 2025 $14.57B
Cash And Equivalents FY 2025 · Dec 31, 2024 $13.24B
Stockholders Equity FY 2025 · Dec 31, 2025 $52.61B
Stockholders Equity FY 2025 · Dec 31, 2024 $46.31B
Current Liabilities FY 2025 · Dec 31, 2025 $28.33B
Current Liabilities FY 2025 · Dec 31, 2024 $28.42B
Current Assets FY 2025 · Dec 31, 2025 $43.52B
Current Assets FY 2025 · Dec 31, 2024 $38.78B
Total Assets FY 2025 · Dec 31, 2025 $136.87B
Total Assets FY 2025 · Dec 31, 2024 $117.11B
Eps Diluted FY 2025 · Dec 31, 2025 $7.28
Eps Diluted FY 2025 · Dec 31, 2024 $6.74
Eps Diluted FY 2025 · Dec 31, 2023 $0.14
Eps Basic FY 2025 · Dec 31, 2025 $7.30
Eps Basic FY 2025 · Dec 31, 2024 $6.76
Eps Basic FY 2025 · Dec 31, 2023 $0.14
Sga Expense FY 2025 · Dec 31, 2025 $10.73B
Sga Expense FY 2025 · Dec 31, 2024 $10.82B
Sga Expense FY 2025 · Dec 31, 2023 $10.5B
Rd Expense FY 2025 · Dec 31, 2025 $15.79B
Rd Expense FY 2025 · Dec 31, 2024 $17.94B
Rd Expense FY 2025 · Dec 31, 2023 $30.53B
Net Income FY 2025 · Dec 31, 2025 $18.25B
Net Income FY 2025 · Dec 31, 2024 $17.12B
Net Income FY 2025 · Dec 31, 2023 $365M
Cost Of Revenue FY 2025 · Dec 31, 2025 $16.38B
Cost Of Revenue FY 2025 · Dec 31, 2024 $15.19B
Cost Of Revenue FY 2025 · Dec 31, 2023 $16.13B
Revenue FY 2025 · Dec 31, 2025 $65.01B
Revenue FY 2025 · Dec 31, 2024 $64.17B
Revenue FY 2025 · Dec 31, 2023 $60.12B