Merck (MRK) Non-Current Debt (2009 - 2026)
Merck's Non-Current Debt came in at $51.08 billion for Q2 2026, up 50.4% from $33.97 billion a year earlier and up 9.4% from the prior quarter.
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Analysis
Merck (MRK) Non-Current Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Merck's Non-Current Debt was $46.75 billion, up 35.7% from FY2024.
- Non-Current Debt has increased in each of the last three years, with a five-year compound annual growth rate of 13.0% (FY2020 to FY2025).
- Going back by year, Non-Current Debt was $34.46 billion in FY2024 (+2.3%), $33.68 billion in FY2023 (+17.2%), $28.75 billion in FY2022 (-6.3%) and $30.69 billion in FY2021 (+21.0%).
- The Q2 2026 figure represents the highest quarterly Non-Current Debt in data going back to Q2 2009.
- Year-over-year, Non-Current Debt has increased for four consecutive quarters, with growth averaging 18.8% over the last eight quarters.
- The fastest year-over-year change in Non-Current Debt over five years came in Q2 2026 (growth of 50.4%), and the weakest in Q3 2021 (a decline of 13.0%).
- Business Quant data shows MRK's Non-Current Debt at $46.67 billion (Q1 2026), $46.75 billion (Q4 2025) and $39.97 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 37.34 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 62.48 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 51.08 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | - |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | -108.00 Mn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 51.86 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 23.83 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 60.50 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | - |
| 10 | Bristol Myers Squibb | 128.45 Bn | 79.72 Bn | 9.25 Bn | 42.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.08 Bn |
| Mar 31, 2026 | 46.67 Bn |
| Dec 31, 2025 | 46.75 Bn |
| Sep 30, 2025 | 39.97 Bn |
| Jun 30, 2025 | 33.97 Bn |
| Mar 31, 2025 | 33.48 Bn |
| Dec 31, 2024 | 34.46 Bn |
| Sep 30, 2024 | 34.98 Bn |
| Jun 30, 2024 | 34.72 Bn |
| Mar 31, 2024 | 31.14 Bn |
| Dec 31, 2023 | 33.68 Bn |
| Sep 30, 2023 | 33.97 Bn |
| Jun 30, 2023 | 34.07 Bn |
| Mar 31, 2023 | 28.07 Bn |
| Dec 31, 2022 | 28.75 Bn |
| Sep 30, 2022 | 28.48 Bn |
| Jun 30, 2022 | 28.68 Bn |
| Mar 31, 2022 | 30.59 Bn |
| Dec 31, 2021 | 30.69 Bn |
| Sep 30, 2021 | 22.91 Bn |
API Access
Merck Non-Current Debt 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=non-current-debt&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();