Merck (MRK) Other Working Capital Changes (2009 - 2026)

Merck has disclosed Other Working Capital Changes across 18 years of filings, most recently posting $1.6 billion for Q1 2026.

• In Q1 2026, Other Working Capital Changes fell 56.55% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $1.2 billion (down 30.81% YoY), while the FY2025 annual figure was $3.3 billion, up 133.55% from the prior year.
• Other Working Capital Changes grew to $1.6 billion in Q1 2026, from -$1.4 billion in the prior quarter.
• Over the last five years, Other Working Capital Changes for MRK reached as high as $3.7 billion in Q1 2025 and fell as low as -$2.6 billion in Q3 2024.
• The 5-year median for Other Working Capital Changes is $1.0 billion (2024), against an average of $595.5 million.
• Annual changes were most pronounced in 2024 — Other Working Capital Changes plunged 1031.43% — and 2025, when it jumped 123.22%.
• A 5-year view of Other Working Capital Changes shows it stood at -$962.0 million in 2022, then soared by 96.36% to -$35.0 million in 2023, then sank by 1031.43% to -$396.0 million in 2024, then tumbled by 240.91% to -$1.4 billion in 2025, then surged by 219.48% to $1.6 billion in 2026.
• According to Business Quant data, Other Working Capital Changes over the past three periods registered $1.6 billion, -$1.4 billion, and -$1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.