Merck (MRK) Operating Income (2009 - 2026)

Merck (MRK) reported Operating Income of -$7.7 billion for Q1 2026, down 411.15% year-over-year from $2.5 billion in Q1 2025, and down 262.69% quarter-over-quarter from -$2.1 billion in Q4 2025.

Merck (MRK) Operating Income (2009 - 2026) Analysis & Trends

Merck (MRK) has 18 years of Operating Income data on file, last reported at -$7.7 billion in Q1 2026.

  • Operating Income for Q1 2026 came in at -$7.7 billion, down 411.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$5.5 billion (down 208.46% YoY), and the FY2025 annual result was $4.7 billion, down 1.22% from the prior year.
  • Operating Income slipped to -$7.7 billion in Q1 2026 per MRK's latest filing, from -$2.1 billion in the prior quarter.
  • Over five years, Operating Income peaked at $2.9 billion in Q3 2025 and troughed at -$9.4 billion in Q2 2023.
  • A 5-year average of -$794.4 million and a median of $10.0 million in 2024 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2023 and 2025: Operating Income slumped 3553.51% in 2023, then jumped 28800.0% in 2025.
  • A 5-year view of Operating Income shows it stood at -$368.0 million in 2022, then sank by 1519.02% to -$6.0 billion in 2023, then jumped by 105.74% to $342.0 million in 2024, then tumbled by 723.1% to -$2.1 billion in 2025, then slumped by 262.69% to -$7.7 billion in 2026.
  • Business Quant data shows MRK's Operating Income at -$7.7 billion in Q1 2026, -$2.1 billion in Q4 2025, and $2.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn 3.09 Bn
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 9.50 Bn
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 6.36 Bn
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn 3.99 Bn
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn -7.73 Bn
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 2.67 Bn
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 2.59 Bn
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn -6.71 Bn
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn -182.00 Mn
10 Novartis Ag 108.28 Bn 107.60 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.73 Bn
Dec 31, 2025 -2.13 Bn
Sep 30, 2025 2.89 Bn
Jun 30, 2025 1.44 Bn
Mar 31, 2025 2.48 Bn
Dec 31, 2024 342.00 Mn
Sep 30, 2024 10.00 Mn
Jun 30, 2024 2.26 Bn
Mar 31, 2024 2.13 Bn
Dec 31, 2023 -5.96 Bn
Sep 30, 2023 1.36 Bn
Jun 30, 2023 -9.36 Bn
Mar 31, 2023 -276.00 Mn
Dec 31, 2022 -368.00 Mn
Sep 30, 2022 -351.00 Mn
Jun 30, 2022 271.00 Mn
Mar 31, 2022 -519.00 Mn
Dec 31, 2021 35.00 Mn
Sep 30, 2021 1.82 Bn
Jun 30, 2021 -1.39 Bn