Merck (MRK) Deferred Taxes (2009 - 2026)
Merck's (MRK) quarterly Deferred Taxes came in at -$544.0 million in Q2 2026, down 21.43% year-over-year from -$692.4 million in Q2 2025, and down 72.7% quarter-over-quarter from -$315.0 million in Q1 2026.
Analysis
Merck (MRK) Deferred Taxes (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Deferred Taxes for 18 consecutive years, with -$544.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Deferred Taxes fell 21.43% year-over-year to -$544.0 million in Q2 2026; TTM through Jun 2026 was -$1.9 billion, a 14.84% decrease from a year earlier, with the FY2025 full-year figure at -$1.7 billion, down 33.79% from the prior year.
- Deferred Taxes was -$544.0 million for Q2 2026 at Merck, down from -$315.0 million in the prior quarter.
- Over five years, Deferred Taxes peaked at -$51.0 million in Q1 2024 and troughed at -$931.0 million in Q4 2023.
- A 5-year average of -$402.6 million and a median of -$337.0 million in 2022 frame the typical range for Deferred Taxes.
- Across the five-year window, Deferred Taxes slumped 66000.0% in 2022 and surged 81.59% in 2024, its largest moves.
- Over 5 years, Deferred Taxes stood at -$307.0 million in 2022, then tumbled by 203.26% to -$931.0 million in 2023, then surged by 33.83% to -$616.0 million in 2024, then sank by 33.93% to -$825.0 million in 2025, then jumped by 34.06% to -$544.0 million in 2026.
- The last three Deferred Taxes figures came in at -$544.0 million (Q2 2026), -$315.0 million (Q1 2026), and -$825.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.14 Bn | 620.38 Bn | 17.26 Bn | -479.00 Mn |
| 2 | AbbVie | 451.04 Bn | 444.47 Bn | 12.70 Bn | -195.00 Mn |
| 3 | Merck | 357.43 Bn | 350.29 Bn | 12.21 Bn | -544.00 Mn |
| 4 | Novartis Ag | 266.73 Bn | 259.04 Bn | 11.24 Bn | - |
| 5 | Pfizer | 157.52 Bn | 145.82 Bn | 10.94 Bn | -1.32 Bn |
| 6 | Sanofi | 52.14 Bn | 44.76 Bn | 10.79 Bn | - |
| 7 | Revolution Medicines | 42.88 Bn | 42.88 Bn | - | - |
| 8 | Incyte | 24.70 Bn | 20.16 Bn | 1.57 Bn | 115.62 Mn |
| 9 | United Therapeutics | 21.47 Bn | 18.80 Bn | 683.80 Mn | 25.70 Mn |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | -25.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -544.00 Mn |
| Mar 31, 2026 | -315.00 Mn |
| Dec 31, 2025 | -825.00 Mn |
| Sep 30, 2025 | -212.00 Mn |
| Jun 30, 2025 | -448.00 Mn |
| Mar 31, 2025 | -186.00 Mn |
| Dec 31, 2024 | -616.00 Mn |
| Sep 30, 2024 | -401.00 Mn |
| Jun 30, 2024 | -181.00 Mn |
| Mar 31, 2024 | -51.00 Mn |
| Dec 31, 2023 | -931.00 Mn |
| Sep 30, 2023 | -336.00 Mn |
| Jun 30, 2023 | -355.00 Mn |
| Mar 31, 2023 | -277.00 Mn |
| Dec 31, 2022 | -307.00 Mn |
| Sep 30, 2022 | -661.00 Mn |
| Jun 30, 2022 | -262.00 Mn |
| Mar 31, 2022 | -338.00 Mn |
| Dec 31, 2021 | 159.00 Mn |
| Sep 30, 2021 | -1.00 Mn |