Merck (MRK) Tax Rate (2009 - 2025)
Merck (MRK) recorded Tax Rate of -95.75% in Q2 2026, down 107.18 percentage points from 11.42% a year earlier and down 75.69 percentage points from the prior quarter.
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Analysis
Merck (MRK) Tax Rate (2009 - 2025) Analysis & Trends
On a TTM basis, Merck's Tax Rate came in at 46.72% as of Jun 30, 2026, up 32.40 percentage points year-over-year; for FY2025, it was 13.31%, down 0.75 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -9.55 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 14.06% in FY2024 (-65.98 pp), 80.04% in FY2023 (+68.38 pp), 11.66% in FY2022 (+0.70 pp) and 10.96% in FY2021 (-11.90 pp).
- The Q2 2026 figure is the lowest quarterly Tax Rate in data going back to Q1 2009.
- On a year-over-year basis, Tax Rate rose in three of the last eight quarters, with an average year-over-year change of -21.10 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 25.99 percentage points in Q4 2023, against a drop of 107.18 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -20.06% (Q1 2026), 13.39% (Q4 2025) and 14.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,109.58 Bn | 1,078.16 Bn | 19.71 Bn | 23.27% |
| 2 | Johnson & Johnson | 630.16 Bn | 548.69 Bn | 17.26 Bn | 17.98% |
| 3 | AbbVie | 488.57 Bn | 461.73 Bn | 12.70 Bn | 15.47% |
| 4 | Merck | 359.15 Bn | 313.58 Bn | 12.21 Bn | - |
| 5 | Novartis Ag | 274.32 Bn | 238.71 Bn | 11.24 Bn | - |
| 6 | Astrazeneca | 246.73 Bn | 220.50 Bn | 12.86 Bn | - |
| 7 | Amgen | 224.28 Bn | 179.68 Bn | 7.24 Bn | 14.20% |
| 8 | Gilead Sciences | 187.60 Bn | 161.71 Bn | 6.22 Bn | - |
| 9 | Pfizer | 161.13 Bn | 108.08 Bn | 10.94 Bn | - |
| 10 | Vertex Pharmaceuticals | 129.23 Bn | 101.23 Bn | 2.84 Bn | 20.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 13.39% |
| Sep 30, 2025 | 14.20% |
| Jun 30, 2025 | 11.42% |
| Mar 31, 2025 | 13.86% |
| Dec 31, 2024 | 10.22% |
| Sep 30, 2024 | 22.71% |
| Jun 30, 2024 | 9.07% |
| Mar 31, 2024 | 15.93% |
| Sep 30, 2023 | 15.48% |
| Mar 31, 2023 | 22.60% |
| Dec 31, 2022 | 14.09% |
| Sep 30, 2022 | 9.21% |
| Jun 30, 2022 | 11.99% |
| Mar 31, 2022 | 11.40% |
| Dec 31, 2021 | 2.17% |
| Sep 30, 2021 | 13.20% |
| Jun 30, 2021 | 29.30% |
| Mar 31, 2021 | 7.97% |
| Sep 30, 2020 | 14.04% |
| Jun 30, 2020 | 14.45% |
API Access
Merck Tax Rate 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=tax-rate&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();