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% quarter-over-quarter from $1.0 billion in Q4 2025.

Merck (MRK) Capital Expenditures (2009 - 2026) Analysis & Trends

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

  • Capital Expenditures for Q1 2026 came in at $991.0 million, down 25.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (down 1.67% YoY), and the FY2025 annual result was $4.1 billion, up 21.95% from the prior year.
  • Capital Expenditures declined to $991.0 million in Q1 2026 per MRK's latest filing, from $1.0 billion 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 $983.9 million and a median of $987.0 million in 2025 frame the typical range for Capital Expenditures.
  • The sharpest annual moves came in 2025 and 2026: Capital Expenditures jumped 54.24% in 2025, then slipped 25.38% in 2026.
  • A 5-year view of Capital Expenditures shows it stood at $1.1 billion in 2022, then decreased by 13.93% to $989.0 million in 2023, then retreated by 5.26% to $937.0 million in 2024, then gained by 10.25% to $1.0 billion in 2025, then declined by 4.07% to $991.0 million in 2026.
  • Business Quant data shows MRK's Capital Expenditures at $991.0 million in Q1 2026, $1.0 billion in Q4 2025, and $987.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn -297.95 Mn
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 2.33 Bn
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 1.05 Bn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn 265.00 Mn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn 991.00 Mn
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 712.00 Mn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 117.00 Mn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn 436.00 Mn
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn 347.00 Mn
10 Novartis Ag 108.28 Bn 107.60 Bn - -346.00 Mn

Historic Data

Download Data
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