Merck (MRK) Net Margin (2009 - 2026)
Merck's Net Margin was -8.04% in Q2 2026, down 36.05 percentage points from 28.01% a year earlier but up 18.00 percentage points from the prior quarter.
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Analysis
Merck (MRK) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Merck's Net Margin was 4.77% through Jun 30, 2026, down 21.02 percentage points year-over-year; for FY2025, it was 28.08%, up 1.40 percentage points from FY2024.
- Net Margin shows a five-year change of +11.06 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 26.68% in FY2024 (+26.07 pp), 0.61% in FY2023 (-23.88 pp), 24.49% in FY2022 (-2.30 pp) and 26.79% in FY2021 (+9.77 pp).
- Quarterly Net Margin has moved between -39.74% (Q2 2023) and 34.72% (Q3 2021) over five years.
- Compared with a year earlier, Net Margin has declined for three straight quarters, with an average year-over-year change of -8.49 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q2 2024 (a gain of 73.60 percentage points); the worst was Q2 2023 (a drop of 66.77 percentage points).
- Per Business Quant data, MRK's Net Margin in the three quarters before Q2 2026 was -26.03% (Q1 2026), 18.07% (Q4 2025) and 33.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 26.44% |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 0.83% |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 24.24% |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 28.01% |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 20.69% |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 37.28% |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 29.27% |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 19.55% |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 19.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.01% |
| Jun 30, 2026 | -8.04% |
| Mar 31, 2026 | -26.03% |
| Dec 31, 2025 | 18.07% |
| Sep 30, 2025 | 33.49% |
| Jun 30, 2025 | 28.01% |
| Mar 31, 2025 | 32.71% |
| Dec 31, 2024 | 23.96% |
| Sep 30, 2024 | 18.95% |
| Jun 30, 2024 | 33.86% |
| Mar 31, 2024 | 30.19% |
| Dec 31, 2023 | -8.38% |
| Sep 30, 2023 | 29.73% |
| Jun 30, 2023 | -39.74% |
| Mar 31, 2023 | 19.47% |
| Dec 31, 2022 | 21.81% |
| Sep 30, 2022 | 21.71% |
| Jun 30, 2022 | 27.03% |
| Mar 31, 2022 | 27.11% |
| Dec 31, 2021 | 27.79% |
API Access
Merck Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MRK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();