Merck (MRK) Capital Expenditures (2009 - 2026)
Merck's (MRK) quarterly Capital Expenditures came in at $893.0 million in Q2 2026, up 16.88% year-over-year from $764.0 million in Q2 2025, and down 9.89% quarter-over-quarter from $991.0 million in Q1 2026.
Analysis
Merck (MRK) Capital Expenditures (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Capital Expenditures for 18 consecutive years, with $893.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 16.88% year-over-year to $893.0 million in Q2 2026; TTM through Jun 2026 was $3.9 billion, a 2.41% increase from a year earlier, with the FY2025 full-year figure at $4.1 billion, up 21.95% from the prior year.
- Capital Expenditures was $893.0 million for Q2 2026 at Merck, down from $991.0 million in the prior quarter.
- Over five years, Capital Expenditures peaked at $1.3 billion in Q1 2025 and troughed at $764.0 million in Q2 2025.
- A 5-year average of $978.8 million and a median of $985.5 million in 2022 frame the typical range for Capital Expenditures.
- Across the five-year window, Capital Expenditures soared 54.24% in 2025 and decreased 25.38% in 2026, its largest moves.
- Over 5 years, Capital Expenditures stood at $1.1 billion in 2022, then retreated by 13.93% to $989.0 million in 2023, then fell by 5.26% to $937.0 million in 2024, then rose by 10.25% to $1.0 billion in 2025, then declined by 13.55% to $893.0 million in 2026.
- The last three Capital Expenditures figures came in at $893.0 million (Q2 2026), $991.0 million (Q1 2026), and $1.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 642.46 Bn | 621.70 Bn | 17.26 Bn | 1.32 Bn |
| 2 | AbbVie | 448.37 Bn | 441.80 Bn | 12.70 Bn | 322.00 Mn |
| 3 | Merck | 357.95 Bn | 350.81 Bn | 12.21 Bn | 893.00 Mn |
| 4 | Novartis Ag | 267.68 Bn | 259.99 Bn | 11.24 Bn | -321.00 Mn |
| 5 | Pfizer | 156.52 Bn | 144.82 Bn | 10.94 Bn | 533.00 Mn |
| 6 | Sanofi | 52.15 Bn | 44.77 Bn | 10.79 Bn | - |
| 7 | Revolution Medicines | 42.98 Bn | 42.98 Bn | - | 2.29 Mn |
| 8 | Incyte | 24.75 Bn | 20.21 Bn | 1.57 Bn | 12.41 Mn |
| 9 | United Therapeutics | 21.52 Bn | 18.86 Bn | 683.80 Mn | 108.00 Mn |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | 7.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 893.00 Mn |
| Mar 31, 2026 | 991.00 Mn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 987.00 Mn |
| Jun 30, 2025 | 764.00 Mn |
| Mar 31, 2025 | 1.33 Bn |
| Dec 31, 2024 | 937.00 Mn |
| Sep 30, 2024 | 783.00 Mn |
| Jun 30, 2024 | 791.00 Mn |
| Mar 31, 2024 | 861.00 Mn |
| Dec 31, 2023 | 989.00 Mn |
| Sep 30, 2023 | 902.00 Mn |
| Jun 30, 2023 | 965.00 Mn |
| Mar 31, 2023 | 1.01 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | 1.13 Bn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 984.00 Mn |
| Dec 31, 2021 | 1.21 Bn |
| Sep 30, 2021 | 1.17 Bn |