Merck (MRK) Gross Margin (2009 - 2026)
Merck (MRK) posted quarterly Gross Margin of 74.24% for Q1 2026, down 374.0% year-over-year from 27.1% in Q1 2025, and up 12.23% quarter-over-quarter from 66.15% in Q4 2025.
Merck (MRK) Gross Margin (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Gross Margin for 18 consecutive years, with 74.24% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 374.0% year-over-year to 74.24%; the TTM figure through Mar 2026 stood at 73.91% (down 251.0% YoY), while the FY2025 annual figure was 74.8%, down 152.0% from the prior year.
- Gross Margin improved to 74.24% in Q1 2026 per MRK's latest filing, from 66.15% in the prior quarter.
- Across five years, Gross Margin topped out at 77.98% in Q1 2025 and bottomed at 66.15% in Q4 2025.
- Historically, Gross Margin has averaged 73.79% across 5 years, with a median of 73.7% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin surged 673 bps — and 2025, when it sank 935 bps.
- Merck's Gross Margin stood at 71.94% in 2022, then rose by 2 bps to 73.26% in 2023, then increased by 3 bps to 75.5% in 2024, then decreased by 12 bps to 66.15% in 2025, then grew by 12 bps to 74.24% in 2026.
- Business Quant data shows MRK's Gross Margin at 74.24% in Q1 2026, 66.15% in Q4 2025, and 77.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.88 Bn | 625.12 Bn | 17.26 Bn | 68.19% |
| 2 | AbbVie | 463.46 Bn | 456.89 Bn | 12.70 Bn | 74.74% |
| 3 | Merck | 367.92 Bn | 360.78 Bn | 12.21 Bn | 73.54% |
| 4 | Novartis Ag | 297.71 Bn | 290.02 Bn | 11.24 Bn | 78.02% |
| 5 | Astrazeneca | 255.55 Bn | 250.65 Bn | 12.86 Bn | 83.60% |
| 6 | Amgen | 234.52 Bn | 220.53 Bn | 7.24 Bn | 72.04% |
| 7 | Gilead Sciences | 178.22 Bn | 175.04 Bn | 6.22 Bn | 79.76% |
| 8 | Pfizer | 158.57 Bn | 146.88 Bn | 10.94 Bn | 72.78% |
| 9 | Gsk | 105.32 Bn | 101.15 Bn | 8.24 Bn | 73.05% |
| 10 | Sanofi | 54.20 Bn | 46.82 Bn | 10.79 Bn | 80.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |