Merck (MRK) Total Debt (2009 - 2026)
Merck's (MRK) quarterly Total Debt came in at $53.9 billion in Q2 2026, up 52.27% year-over-year from $35.4 billion in Q2 2025, and up 9.75% quarter-over-quarter from $49.1 billion in Q1 2026.
Analysis
Merck (MRK) Total Debt (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Total Debt for 18 consecutive years, with $53.9 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Total Debt rose 52.27% year-over-year to $53.9 billion in Q2 2026; TTM through Jun 2026 was $53.9 billion, a 52.27% increase from a year earlier, with the FY2025 full-year figure at $49.3 billion, up 32.95% from the prior year.
- Total Debt was $53.9 billion for Q2 2026 at Merck, up from $49.1 billion in the prior quarter.
- Over five years, Total Debt peaked at $53.9 billion in Q2 2026 and troughed at $30.4 billion in Q3 2022.
- A 5-year average of $37.4 billion and a median of $35.2 billion in 2023 frame the typical range for Total Debt.
- Across the five-year window, Total Debt fell 7.28% in 2022 and surged 52.27% in 2026, its largest moves.
- Over 5 years, Total Debt stood at $30.7 billion in 2022, then advanced by 14.22% to $35.1 billion in 2023, then grew by 5.87% to $37.1 billion in 2024, then surged by 32.95% to $49.3 billion in 2025, then grew by 9.26% to $53.9 billion in 2026.
- The last three Total Debt figures came in at $53.9 billion (Q2 2026), $49.1 billion (Q1 2026), and $49.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 643.26 Bn | 622.50 Bn | 17.26 Bn | 60.73 Bn |
| 2 | AbbVie | 443.31 Bn | 436.74 Bn | 12.70 Bn | 70.82 Bn |
| 3 | Merck | 364.74 Bn | 357.60 Bn | 12.21 Bn | 53.91 Bn |
| 4 | Novartis Ag | 266.46 Bn | 258.77 Bn | 11.24 Bn | 9.59 Bn |
| 5 | Pfizer | 158.57 Bn | 146.88 Bn | 10.94 Bn | 63.19 Bn |
| 6 | Sanofi | 52.33 Bn | 44.95 Bn | 10.79 Bn | 25.19 Bn |
| 7 | Revolution Medicines | 43.79 Bn | 43.79 Bn | - | - |
| 8 | Incyte | 25.23 Bn | 20.69 Bn | 1.57 Bn | 38.81 Mn |
| 9 | United Therapeutics | 21.67 Bn | 19.01 Bn | 683.80 Mn | - |
| 10 | Neurocrine Biosciences | 15.65 Bn | 15.26 Bn | 935.80 Mn | - |
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 |