Merck (MRK) Total Debt (2009 - 2026)
Merck's Total Debt came in at $53.91 billion for Q2 2026, up 52.3% from $35.4 billion a year earlier and up 9.8% from the prior quarter.
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Analysis
Merck (MRK) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Merck's Total Debt was $49.34 billion, up 32.9% from FY2024.
- Total Debt has increased in each of the last three years, with a five-year compound annual growth rate of 9.2% (FY2020 to FY2025).
- Going back by year, Total Debt was $37.11 billion in FY2024 (+5.9%), $35.06 billion in FY2023 (+14.2%), $30.69 billion in FY2022 (-7.3%) and $33.1 billion in FY2021 (+4.1%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q2 2009.
- Year-over-year, Total Debt has increased for four consecutive quarters, with growth averaging 18.2% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q2 2026 (growth of 52.3%), and the weakest in Q3 2021 (a decline of 8.0%).
- Business Quant data shows MRK's Total Debt at $49.12 billion (Q1 2026), $49.34 billion (Q4 2025) and $41.37 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 49.04 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 70.82 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 53.91 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | 37.49 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | -111.00 Mn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 57.30 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 26.25 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 63.19 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 | 43.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.91 Bn |
| Mar 31, 2026 | 49.12 Bn |
| Dec 31, 2025 | 49.34 Bn |
| Sep 30, 2025 | 41.37 Bn |
| Jun 30, 2025 | 35.40 Bn |
| Mar 31, 2025 | 34.84 Bn |
| Dec 31, 2024 | 37.11 Bn |
| Sep 30, 2024 | 38.13 Bn |
| Jun 30, 2024 | 37.79 Bn |
| Mar 31, 2024 | 34.22 Bn |
| Dec 31, 2023 | 35.06 Bn |
| Sep 30, 2023 | 34.86 Bn |
| Jun 30, 2023 | 36.91 Bn |
| Mar 31, 2023 | 30.75 Bn |
| Dec 31, 2022 | 30.69 Bn |
| Sep 30, 2022 | 30.42 Bn |
| Jun 30, 2022 | 31.66 Bn |
| Mar 31, 2022 | 31.79 Bn |
| Dec 31, 2021 | 33.10 Bn |
| Sep 30, 2021 | 26.44 Bn |
API Access
Merck Total 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=total-debt&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-debt&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();