Merck MRK
NYSE MRK
$147.53 -0.93 (-0.63%)
As of: Sep 9, 2026 · 3:59 PM EDT

Merck (MRK) Gross Margin (2009 - 2026)

Merck's (MRK) quarterly Gross Margin came in at 73.54% in Q2 2026, down 396.0% year-over-year from 24.84% in Q2 2025, and down 0.95% quarter-over-quarter from 74.24% in Q1 2026.

Analysis

Merck (MRK) Gross Margin (2009 - 2026) Analysis & Trends

Merck (MRK) has reported Gross Margin for 18 consecutive years, with 73.54% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Gross Margin fell 396.0% year-over-year to 73.54% in Q2 2026; TTM through Jun 2026 was 72.97%, a 364.0% decrease from a year earlier, with the FY2025 full-year figure at 74.8%, down 152.0% from the prior year.
  • Gross Margin was 73.54% for Q2 2026 at Merck, down from 74.24% in the prior quarter.
  • Over five years, Gross Margin peaked at 77.98% in Q1 2025 and troughed at 66.15% in Q4 2025.
  • A 5-year average of 73.78% and a median of 73.62% in 2022 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin jumped 673 bps in 2023 and slumped 935 bps in 2025, its largest moves.
  • Over 5 years, Gross Margin stood at 71.94% in 2022, then grew by 2 bps to 73.26% in 2023, then climbed by 3 bps to 75.5% in 2024, then fell by 12 bps to 66.15% in 2025, then advanced by 11 bps to 73.54% in 2026.
  • The last three Gross Margin figures came in at 73.54% (Q2 2026), 74.24% (Q1 2026), and 66.15% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Johnson & Johnson 663.08 Bn 642.33 Bn 17.26 Bn 68.19%
2 AbbVie 453.04 Bn 446.51 Bn 12.70 Bn 74.74%
3 Merck 370.87 Bn 363.78 Bn 12.21 Bn 73.54%
4 Novartis Ag 305.29 Bn 298.00 Bn 11.24 Bn 78.02%
5 Pfizer 162.10 Bn 150.70 Bn 10.94 Bn 72.78%
6 Sanofi 53.95 Bn 46.98 Bn 10.79 Bn 80.05%
7 Revolution Medicines 45.00 Bn 45.00 Bn - -
8 Incyte 25.47 Bn 20.94 Bn 1.57 Bn 93.73%
9 United Therapeutics 20.81 Bn 18.15 Bn 683.80 Mn 87.30%
10 Jazz Pharmaceuticals 16.02 Bn 14.40 Bn 1.09 Bn 90.37%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 73.54%
Mar 31, 2026 74.24%
Dec 31, 2025 66.15%
Sep 30, 2025 77.69%
Jun 30, 2025 77.50%
Mar 31, 2025 77.98%
Dec 31, 2024 75.50%
Sep 30, 2024 75.51%
Jun 30, 2024 76.76%
Mar 31, 2024 77.56%
Dec 31, 2023 73.26%
Sep 30, 2023 73.29%
Jun 30, 2023 73.24%
Mar 31, 2023 72.90%
Dec 31, 2022 71.94%
Sep 30, 2022 73.70%
Jun 30, 2022 71.11%
Mar 31, 2022 66.17%
Dec 31, 2021 71.35%
Sep 30, 2021 73.77%