Merck (MRK) Capital Expenditures (2009 - 2026)
Merck (MRK) recorded Capital Expenditures of $893 million in Q2 2026, up 16.9% from $764 million a year earlier but down 9.9% from the prior quarter.
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Analysis
Merck (MRK) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, Merck's Capital Expenditures came in at $3.9 billion as of Jun 30, 2026, up 2.4% year-over-year; for FY2025, it came in at $4.11 billion, up 21.9% from FY2024.
- Annual Capital Expenditures has a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $3.37 billion in FY2024 (-12.7%), $3.86 billion in FY2023 (-12.0%), $4.39 billion in FY2022 (-1.3%) and $4.45 billion in FY2021 (+0.4%).
- Quarterly Capital Expenditures has ranged from $764 million in Q2 2025 to $1.33 billion in Q1 2025 over the past five years.
- On a year-over-year basis, Capital Expenditures rose in four of the last eight quarters, with growth averaging 7.5%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 54.2% in Q1 2025, against a decline of 25.4% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $991 million (Q1 2026), $1.03 billion (Q4 2025) and $987 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 1.32 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 322.00 Mn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 893.00 Mn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | -321.00 Mn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | -763.00 Mn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 513.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 140.00 Mn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 533.00 Mn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 112.20 Mn |
| 10 | Bristol Myers Squibb | 127.55 Bn | 78.82 Bn | 9.25 Bn | 305.00 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 |
API Access
Merck Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "MRK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();