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Merck (MRK) Operating Margin (2016 - 2025)

Merck (MRK) has disclosed Operating Margin for 17 consecutive years, with 12.99% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 1518.0% to 12.99% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 7.21% through Dec 2025, down 19.0% year-over-year, with the annual reading at 7.21% for FY2025, 19.0% down from the prior year.
  • Operating Margin for Q4 2025 was 12.99% at Merck, down from 16.73% in the prior quarter.
  • The five-year high for Operating Margin was 16.73% in Q3 2025, with the low at 62.25% in Q2 2023.
  • Average Operating Margin over 5 years is 2.21%, with a median of 0.16% recorded in 2024.
  • The sharpest move saw Operating Margin tumbled -6411bps in 2023, then soared 7628bps in 2024.
  • Over 5 years, Operating Margin stood at 0.26% in 2021, then tumbled by -1128bps to 2.66% in 2022, then plummeted by -1430bps to 40.72% in 2023, then surged by 105bps to 2.19% in 2024, then crashed by -694bps to 12.99% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 12.99%, 16.73%, and 9.12% for Q4 2025, Q3 2025, and Q2 2025 respectively.