Merck (MRK) Net Margin (2009 - 2026)
Merck's (MRK) quarterly Net Margin came in at 8.05% in Q2 2026, down 3607.0% year-over-year from 0.23% in Q2 2025, and up 69.1% quarter-over-quarter from 26.05% in Q1 2026.
Analysis
Merck (MRK) Net Margin (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Net Margin for 18 consecutive years, with 8.05% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 3607.0% year-over-year to 8.05% in Q2 2026; TTM through Jun 2026 was 4.76%, a 2105.0% decrease from a year earlier, with the FY2025 full-year figure at 28.09%, up 139.0% from the prior year.
- Net Margin was 8.05% for Q2 2026 at Merck, up from 26.05% in the prior quarter.
- Over five years, Net Margin peaked at 33.89% in Q2 2024 and troughed at 39.72% in Q2 2023.
- A 5-year average of 15.79% and a median of 22.89% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin slumped 6678 bps in 2023 and jumped 7361 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 21.82% in 2022, then plunged by 138 bps to 8.38% in 2023, then soared by 386 bps to 23.96% in 2024, then retreated by 25 bps to 18.06% in 2025, then slumped by 145 bps to 8.05% in 2026.
- The last three Net Margin figures came in at 8.05% (Q2 2026), 26.05% (Q1 2026), and 18.06% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 21.86% |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 21.28% |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | -8.05% |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 22.65% |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | -1.58% |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | 2.96% |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 34.98% |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 42.51% |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 15.96% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.05% |
| Mar 31, 2026 | -26.05% |
| Dec 31, 2025 | 18.06% |
| Sep 30, 2025 | 33.50% |
| Jun 30, 2025 | 28.01% |
| Mar 31, 2025 | 32.75% |
| Dec 31, 2024 | 23.96% |
| Sep 30, 2024 | 18.98% |
| Jun 30, 2024 | 33.89% |
| Mar 31, 2024 | 30.22% |
| Dec 31, 2023 | -8.38% |
| Sep 30, 2023 | 29.76% |
| Jun 30, 2023 | -39.72% |
| Mar 31, 2023 | 19.50% |
| Dec 31, 2022 | 21.82% |
| Sep 30, 2022 | 21.75% |
| Jun 30, 2022 | 27.06% |
| Mar 31, 2022 | 27.09% |
| Dec 31, 2021 | 27.82% |
| Sep 30, 2021 | 34.75% |