Merck (MRK) Free Cash Flow (2009 - 2026)

Merck (MRK) reported Free Cash Flow of $2.9 billion for Q1 2026, up 149.74% year-over-year from $1.2 billion in Q1 2025, and up 60.47% quarter-over-quarter from $1.8 billion in Q4 2025.

Merck (MRK) Free Cash Flow (2009 - 2026) Analysis & Trends

Merck (MRK) has 18 years of Free Cash Flow data on file, last reported at $2.9 billion in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $2.9 billion, up 149.74% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.1 billion (down 17.16% YoY), and the FY2025 annual result was $12.4 billion, down 31.7% from the prior year.
  • Free Cash Flow advanced to $2.9 billion in Q1 2026 per MRK's latest filing, from $1.8 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $8.5 billion in Q3 2024 and troughed at -$743.0 million in Q4 2023.
  • A 5-year average of $3.4 billion and a median of $2.9 billion in 2026 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2022 and 2023: Free Cash Flow jumped 2290.51% in 2022, then slumped 122.65% in 2023.
  • A 5-year view of Free Cash Flow shows it stood at $3.3 billion in 2022, then tumbled by 122.65% to -$743.0 million in 2023, then jumped by 438.22% to $2.5 billion in 2024, then fell by 27.42% to $1.8 billion in 2025, then surged by 60.47% to $2.9 billion in 2026.
  • Business Quant data shows MRK's Free Cash Flow at $2.9 billion in Q1 2026, $1.8 billion in Q4 2025, and $6.8 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn 2.12 Bn
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 3.01 Bn
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 1.47 Bn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn 3.56 Bn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn 2.93 Bn
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 1.48 Bn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 2.43 Bn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn 2.18 Bn
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn 757.00 Mn
10 Novartis Ag 108.28 Bn 107.60 Bn - 346.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.93 Bn
Mar 31, 2026 2.93 Bn
Dec 31, 2025 1.82 Bn
Dec 31, 2025 1.82 Bn
Sep 30, 2025 6.84 Bn
Sep 30, 2025 6.84 Bn
Jun 30, 2025 2.53 Bn
Jun 30, 2025 2.53 Bn
Mar 31, 2025 1.17 Bn
Mar 31, 2025 1.17 Bn
Dec 31, 2024 2.51 Bn
Dec 31, 2024 2.51 Bn
Sep 30, 2024 8.51 Bn
Sep 30, 2024 8.51 Bn
Jun 30, 2024 4.85 Bn
Jun 30, 2024 4.85 Bn
Mar 31, 2024 2.23 Bn
Mar 31, 2024 2.23 Bn
Dec 31, 2023 -743.00 Mn
Dec 31, 2023 -743.00 Mn