Growth Metrics

Merck (MRK) Capital Expenditures (2009 - 2026)

Merck (MRK) reported Capital Expenditures of $991.0 million for Q1 2026, down 25.38% year-over-year from $1.3 billion in Q1 2025, and down 4.07% on a QoQ basis from $1.0 billion in Q4 2025.

Merck (MRK) has 18 years of Capital Expenditures data on file, last reported at $991.0 million in Q1 2026.

  • Quarterly Capital Expenditures fell 25.38% year-over-year to $991.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.8 billion (down 1.67% YoY) and the FY2025 annual result came in at $4.1 billion, up 21.95% from the prior year.
  • Capital Expenditures fell to $991.0 million in Q1 2026 per MRK's latest filing, from $1.0 billion in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.3 billion in Q1 2025 and bottomed at $764.0 million in Q2 2025.
  • The 5-year median for Capital Expenditures is $987.0 million (2025), against an average of $983.9 million.
  • The widest annual swing landed in 2025, when Capital Expenditures surged 54.24%; it then retreated 25.38% in 2026.
  • Tracing MRK's Capital Expenditures over 5 years: stood at $1.1 billion in 2022, then fell by 13.93% to $989.0 million in 2023, then declined by 5.26% to $937.0 million in 2024, then increased by 10.25% to $1.0 billion in 2025, then slipped by 4.07% to $991.0 million in 2026.
  • Per Business Quant, the three latest MRK Capital Expenditures figures stand at $991.0 million (Q1 2026), $1.0 billion (Q4 2025), and $987.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Novartis Ag 107,124,802.25 Bn 107,124,802.25 Bn - -346.00 Mn
2 Eli Lilly 969.00 Bn 963.72 Bn 16.22 Bn 2.33 Bn
3 Johnson & Johnson 539.46 Bn 517.41 Bn 15.96 Bn 1.05 Bn
4 AbbVie 376.92 Bn 367.57 Bn 10.78 Bn 265.00 Mn
5 Merck 285.00 Bn 279.35 Bn 12.09 Bn 991.00 Mn
6 Amgen 177.58 Bn 165.55 Bn 5.87 Bn 712.00 Mn
7 Gilead Sciences 163.22 Bn 155.50 Bn 5.52 Bn 117.00 Mn
8 Pfizer 145.86 Bn 133.09 Bn -1.21 Bn 436.00 Mn
9 Bristol Myers Squibb 111.90 Bn 101.44 Bn 8.07 Bn 347.00 Mn
10 Gsk 88.34 Bn 83.66 Bn - -

Historic Data

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DateValue
Mar 31, 2026 991.00 Mn
Mar 31, 2026 991.00 Mn
Dec 31, 2025 1.03 Bn
Dec 31, 2025 1.03 Bn
Sep 30, 2025 987.00 Mn
Sep 30, 2025 987.00 Mn
Jun 30, 2025 764.00 Mn
Jun 30, 2025 764.00 Mn
Mar 31, 2025 1.33 Bn
Mar 31, 2025 1.33 Bn
Dec 31, 2024 937.00 Mn
Dec 31, 2024 937.00 Mn
Sep 30, 2024 783.00 Mn
Sep 30, 2024 783.00 Mn
Jun 30, 2024 791.00 Mn
Jun 30, 2024 791.00 Mn
Mar 31, 2024 861.00 Mn
Mar 31, 2024 861.00 Mn
Dec 31, 2023 989.00 Mn
Dec 31, 2023 989.00 Mn
Sep 30, 2023 902.00 Mn
Sep 30, 2023 902.00 Mn
Jun 30, 2023 965.00 Mn
Jun 30, 2023 965.00 Mn
Mar 31, 2023 1.01 Bn
Mar 31, 2023 1.01 Bn
Dec 31, 2022 1.15 Bn
Dec 31, 2022 1.15 Bn
Sep 30, 2022 1.13 Bn
Sep 30, 2022 1.13 Bn
Jun 30, 2022 1.13 Bn
Jun 30, 2022 1.13 Bn
Mar 31, 2022 984.00 Mn
Mar 31, 2022 984.00 Mn
Dec 31, 2021 1.21 Bn
Dec 31, 2021 1.21 Bn
Sep 30, 2021 1.17 Bn
Sep 30, 2021 1.17 Bn
Jun 30, 2021 986.00 Mn
Jun 30, 2021 986.00 Mn
Mar 31, 2021 1.08 Bn
Mar 31, 2021 1.08 Bn
Dec 31, 2020 1.43 Bn
Dec 31, 2020 1.43 Bn
Sep 30, 2020 302.00 Mn
Sep 30, 2020 302.00 Mn
Jun 30, 2020 567.00 Mn
Jun 30, 2020 567.00 Mn
Mar 31, 2020 986.00 Mn
Mar 31, 2020 986.00 Mn
Dec 31, 2019 1.03 Bn
Dec 31, 2019 1.03 Bn
Sep 30, 2019 959.00 Mn
Sep 30, 2019 959.00 Mn
Jun 30, 2019 782.00 Mn
Jun 30, 2019 782.00 Mn
Mar 31, 2019 595.00 Mn
Mar 31, 2019 595.00 Mn
Dec 31, 2018 929.00 Mn
Dec 31, 2018 929.00 Mn
Sep 30, 2018 653.00 Mn
Sep 30, 2018 653.00 Mn
Jun 30, 2018 583.00 Mn
Jun 30, 2018 583.00 Mn
Mar 31, 2018 450.00 Mn
Mar 31, 2018 450.00 Mn
Dec 31, 2017 715.00 Mn
Dec 31, 2017 715.00 Mn
Sep 30, 2017 441.00 Mn
Sep 30, 2017 441.00 Mn
Jun 30, 2017 393.00 Mn
Jun 30, 2017 393.00 Mn
Mar 31, 2017 339.00 Mn
Mar 31, 2017 339.00 Mn
Dec 31, 2016 551.00 Mn
Dec 31, 2016 551.00 Mn
Sep 30, 2016 409.00 Mn
Sep 30, 2016 409.00 Mn
Jun 30, 2016 375.00 Mn
Jun 30, 2016 375.00 Mn
Mar 31, 2016 279.00 Mn
Mar 31, 2016 279.00 Mn
Dec 31, 2015 493.00 Mn
Dec 31, 2015 493.00 Mn
Sep 30, 2015 316.00 Mn
Sep 30, 2015 316.00 Mn
Jun 30, 2015 271.00 Mn
Jun 30, 2015 271.00 Mn
Mar 31, 2015 203.00 Mn
Mar 31, 2015 203.00 Mn
Dec 31, 2014 490.00 Mn
Dec 31, 2014 490.00 Mn
Sep 30, 2014 320.00 Mn
Sep 30, 2014 320.00 Mn
Jun 30, 2014 302.00 Mn
Jun 30, 2014 302.00 Mn
Mar 31, 2014 205.00 Mn
Mar 31, 2014 205.00 Mn
Dec 31, 2013 429.00 Mn
Dec 31, 2013 429.00 Mn
Sep 30, 2013 355.00 Mn
Sep 30, 2013 355.00 Mn
Jun 30, 2013 413.00 Mn
Jun 30, 2013 413.00 Mn
Mar 31, 2013 351.00 Mn
Mar 31, 2013 351.00 Mn
Dec 31, 2012 778.00 Mn
Dec 31, 2012 778.00 Mn
Sep 30, 2012 414.00 Mn
Sep 30, 2012 414.00 Mn
Jun 30, 2012 431.00 Mn
Jun 30, 2012 431.00 Mn
Mar 31, 2012 331.00 Mn
Mar 31, 2012 331.00 Mn
Dec 31, 2011 603.00 Mn
Dec 31, 2011 603.00 Mn
Sep 30, 2011 431.00 Mn
Sep 30, 2011 431.00 Mn
Jun 30, 2011 365.00 Mn
Jun 30, 2011 365.00 Mn
Mar 31, 2011 324.00 Mn
Mar 31, 2011 324.00 Mn
Dec 31, 2010 660.00 Mn
Dec 31, 2010 660.00 Mn
Sep 30, 2010 338.00 Mn
Sep 30, 2010 338.00 Mn
Jun 30, 2010 337.00 Mn
Jun 30, 2010 337.00 Mn
Mar 31, 2010 343.00 Mn
Mar 31, 2010 343.00 Mn
Dec 31, 2009 557.40 Mn
Dec 31, 2009 557.40 Mn
Sep 30, 2009 303.30 Mn
Sep 30, 2009 303.30 Mn
Jun 30, 2009 365.20 Mn
Jun 30, 2009 365.20 Mn
Mar 31, 2009 235.10 Mn
Mar 31, 2009 235.10 Mn