Merck Income Statement (2009-2025) | MRK

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Income Statement	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & cost
Revenue	5.39B	5.90B	6.05B	10.09B	11.42B	11.35B	11.12B	12.09B	11.58B	12.15B	12.02B	12.29B	11.73B	12.31B	11.49B	11.74B	10.67B	11.01B	11.03B	11.32B	10.26B	10.93B	10.56B	10.48B	9.43B	9.79B	10.07B	10.21B	9.31B	9.84B	10.54B	10.12B	9.43B	9.93B	10.32B	10.43B	10.04B	10.46B	10.79B	11.00B	10.82B	11.76B	12.40B	4.15B	12.06B	9.35B	10.93B	10.95B	10.63B	11.40B	13.15B	13.52B	15.90B	14.59B	14.96B	13.83B	14.49B	15.04B	15.96B	14.63B	15.78B	16.11B	16.66B	15.62B	15.53B	15.81B	17.28B
Cost of Revenue	1.33B	1.35B	1.43B	4.90B	5.22B	4.55B	4.19B	4.44B	4.06B	4.28B	4.35B	4.18B	4.04B	4.11B	4.14B	4.16B	3.96B	4.28B	4.10B	4.61B	3.90B	4.89B	4.22B	3.75B	3.57B	3.75B	3.76B	3.85B	3.57B	3.58B	3.41B	3.47B	3.05B	3.12B	3.31B	3.44B	3.18B	3.42B	3.62B	3.29B	3.05B	3.40B	3.99B	1.57B	3.31B	2.75B	3.01B	5.03B	3.20B	3.10B	3.45B	3.87B	5.38B	4.22B	3.93B	3.88B	3.93B	4.02B	4.26B	3.91B	3.54B	3.75B	4.08B	3.83B	3.42B	3.56B	3.85B
Gross Profit	4.05B	4.55B	4.62B	5.19B	6.21B	6.80B	6.93B	7.65B	7.52B	7.87B	7.67B	8.12B	7.69B	8.20B	7.35B	7.58B	6.71B	6.73B	6.93B	6.71B	6.36B	6.04B	6.33B	6.73B	5.86B	6.03B	6.31B	6.37B	5.74B	6.27B	7.13B	6.64B	6.38B	6.81B	7.02B	6.99B	6.85B	7.05B	7.17B	7.71B	7.76B	8.36B	8.41B	2.58B	8.74B	6.61B	7.92B	5.92B	7.43B	8.30B	9.70B	9.65B	10.52B	10.38B	11.03B	9.95B	10.56B	11.01B	11.70B	10.72B	12.23B	12.37B	12.58B	11.80B	12.11B	12.25B	13.42B
Operating items
Research & Development	1.22B	1.40B	1.25B	1.97B	2.05B	2.18B	2.32B	4.56B	2.16B	1.94B	1.95B	2.42B	1.86B	2.17B	1.92B	2.22B	1.91B	2.10B	1.66B	1.83B	1.57B	1.66B	1.66B	2.28B	1.74B	1.67B	1.50B	1.80B	1.66B	2.15B	1.66B	4.79B	1.83B	1.78B	4.41B	2.31B	3.20B	2.27B	2.07B	2.21B	1.93B	2.19B	3.20B	2.40B	2.21B	2.08B	3.35B	5.79B	2.41B	4.32B	2.44B	3.07B	2.58B	2.80B	4.40B	3.77B	4.28B	13.32B	3.31B	9.63B	3.99B	3.50B	5.86B	4.58B	3.62B	4.05B	4.23B
Selling, General & Administrative	1.63B	1.73B	1.73B	3.46B	3.22B	3.17B	3.19B	3.54B	3.16B	3.52B	3.34B	3.70B	3.07B	3.25B	3.06B	3.39B	2.99B	3.14B	2.80B	2.98B	2.73B	2.97B	2.98B	2.92B	2.60B	2.62B	2.47B	2.62B	2.32B	2.46B	2.39B	2.85B	2.47B	2.50B	2.46B	2.64B	2.51B	2.51B	2.44B	2.64B	2.42B	2.71B	2.59B	1.73B	2.56B	2.08B	2.06B	2.62B	2.19B	2.28B	2.34B	2.83B	2.32B	2.51B	2.52B	2.69B	2.48B	2.70B	2.52B	2.80B	2.48B	2.74B	2.73B	2.86B	2.55B	2.65B	2.63B
Restructuring Costs	0.06B	0.04B	0.04B	1.49B	0.29B	0.53B	0.05B	0.12B	-0.01B	0.67B	0.12B	0.53B	0.22B	0.14B	0.11B	0.19B	0.12B	0.15B	0.87B	0.56B	0.12B	0.16B	0.38B	0.35B	0.08B	0.19B	0.11B	0.23B	0.09B	0.13B	0.16B	0.27B	0.15B	0.17B	0.15B	0.31B	0.10B	0.23B	0.17B	0.14B	0.15B	0.06B	0.23B	0.18B	0.07B	0.08B	0.11B	0.31B	0.30B	0.08B	0.11B	0.17B	0.05B	0.14B	0.09B	0.05B	0.07B	0.15B	0.13B	0.26B	0.12B	0.08B	0.06B	0.05B	0.07B	0.56B	0.05B
Other Operating Expenses						4.93B	-0.95B	4.58B	0.50B	-1.00B	4.26B	4.06B	4.07B	4.07B	4.18B	4.60B	4.11B	4.37B	4.17B	4.71B	3.74B	4.24B	4.06B	-6.89B	3.62B	4.49B	3.59B	4.75B	3.62B	3.60B	3.43B	3.57B	2.98B	3.04B	3.10B	3.29B	2.89B	3.37B	3.45B	3.40B	3.24B	3.54B	4.03B	1.34B	3.38B	2.36B	2.70B	4.78B	2.74B	3.00B	3.00B	3.54B	6.09B	4.65B	4.36B	3.81B	4.01B	4.20B	4.39B	3.99B	3.51B	3.79B	3.92B	3.96B	3.38B	3.55B	3.62B
Operating Expenses	2.92B	3.16B	3.02B	6.92B	5.56B	10.81B	10.63B	12.79B	9.85B	10.48B	9.67B	10.71B	9.22B	9.63B	9.27B	10.40B	9.12B	9.77B	9.51B	10.10B	8.17B	9.04B	9.07B	-1.33B	8.04B	8.98B	7.68B	9.40B	7.69B	8.34B	7.65B	11.47B	7.43B	7.49B	10.12B	8.55B	8.69B	8.38B	8.13B	8.39B	7.75B	8.50B	10.05B	5.65B	8.22B	6.61B	8.22B	13.49B	7.64B	9.69B	7.89B	9.61B	11.04B	10.11B	11.38B	10.32B	10.84B	20.37B	10.34B	16.68B	10.11B	10.11B	12.57B	11.45B	9.63B	10.81B	10.53B
Operating Income	1.13B	1.38B	1.60B	-1.72B	0.65B	-4.01B	-3.69B	-5.14B	-2.33B	-2.61B	-2.00B	-2.60B	-1.53B	-1.43B	-1.92B	-2.83B	-2.41B	-3.04B	-2.58B	-3.38B	-1.81B	-3.00B	-2.73B	8.06B	-2.19B	-2.95B	-1.36B	-3.03B	-1.95B	-2.07B	-0.52B	-4.83B	-1.05B	-0.68B	-3.11B	-1.56B	-1.84B	-1.33B	-0.95B	-0.69B	0.01B	-0.14B	-1.64B	-3.08B	0.53B	-0.01B	-0.31B	-7.57B	-0.21B	-1.39B	1.82B	0.04B	-0.52B	0.27B	-0.35B	-0.37B	-0.28B	-9.36B	1.36B	-5.96B	2.13B	2.26B	0.01B	0.34B	2.48B	1.44B	2.89B
EBIT	1.13B	1.38B	1.60B	-1.72B	0.65B	-4.01B	-3.69B	-5.14B	-2.33B	-2.61B	-2.00B	-2.60B	-1.53B	-1.43B	-1.92B	-2.83B	-2.41B	-3.04B	-2.58B	-3.38B	-1.81B	-3.00B	-2.73B	8.06B	-2.19B	-2.95B	-1.36B	-3.03B	-1.95B	-2.07B	-0.52B	-4.83B	-1.05B	-0.68B	-3.11B	-1.56B	-1.84B	-1.33B	-0.95B	-0.69B	0.01B	-0.14B	-1.64B	-3.08B	0.53B	-0.01B	-0.31B	-7.57B	-0.21B	-1.39B	1.82B	0.04B	-0.52B	0.27B	-0.35B	-0.37B	-0.28B	-9.36B	1.36B	-5.96B	2.13B	2.26B	0.01B	0.34B	2.48B	1.44B	2.89B
Non-operating items
Interest & Investment Income											0.03B	0.04B	0.06B		0.05B	0.07B	0.06B
Other Non Operating Income	0.07B	-0.00B	2.79B	7.81B	-0.17B	0.28B	-1.11B	-0.31B	-0.62B	-0.12B	-0.07B	-0.14B	-0.14B	-0.10B	-0.20B	-0.67B	-0.28B	-0.20B	-0.17B	0.24B	0.16B	0.65B	0.17B	10.63B	-0.06B	-0.74B	0.17B	-0.90B	-0.05B	-0.02B	-0.02B	-0.10B	0.07B	0.07B	0.21B	0.15B	0.29B	0.05B	0.17B	-0.11B	-0.19B	-0.14B	-0.04B	0.23B	-0.07B	0.39B	0.31B	0.25B	0.46B	0.10B	0.45B	0.33B	-0.71B	-0.44B	-0.43B	0.07B	-0.09B	-0.17B	-0.13B	-0.08B	0.03B	-0.04B	0.16B	-0.13B	0.04B	0.01B	0.24B
Non Operating Income	0.07B	-0.00B	2.79B	7.81B	-0.17B	0.28B	-1.11B	-0.88B	-0.62B	-0.12B	-0.07B	-0.14B	-0.14B	-0.10B	-0.20B	-0.67B	-0.28B	-0.20B	-0.17B	0.24B	0.16B	0.65B	0.17B	10.63B	-0.06B	-0.74B	0.17B	-0.90B	-0.05B	-0.02B	-0.02B	-0.10B	0.07B	0.07B	0.21B	0.15B	0.29B	0.05B	0.17B	-0.11B	-0.19B	-0.14B	-0.04B	0.23B	-0.07B	0.39B	0.31B	0.25B	0.46B	0.10B	0.45B	0.33B	-0.71B	-0.44B	-0.43B	0.07B	-0.09B	-0.17B	-0.13B	-0.08B	0.03B	-0.04B	0.16B	-0.13B	0.04B	0.01B	0.24B
Net income details
EBT	1.13B	0.93B	0.61B	12.97B	0.65B	0.61B	0.50B	-0.70B	1.73B	1.67B	2.35B	1.58B	2.51B	2.68B	2.22B	1.33B	1.55B	1.25B	1.52B	1.23B	2.09B	1.89B	1.49B	11.81B	1.38B	0.81B	2.40B	0.82B	1.62B	1.50B	2.89B	-1.36B	2.00B	2.44B	0.20B	1.88B	1.34B	2.09B	2.67B	2.60B	3.07B	3.26B	2.35B	-1.50B	3.84B	2.74B	2.71B	-2.54B	2.99B	1.72B	5.27B	3.91B	4.86B	4.49B	3.58B	3.51B	3.65B	-5.33B	5.62B	-2.05B	5.67B	6.01B	4.09B	4.17B	5.90B	5.00B	6.75B
Tax Provisions	0.33B	0.38B	1.62B	-0.06B	0.29B	0.46B	0.13B	0.89B	0.66B	-0.38B	0.63B	0.04B	0.74B	0.86B	0.46B	0.39B	-0.07B	0.31B	0.38B	0.41B	0.36B	-0.14B	0.65B	4.48B	0.42B	0.12B	0.57B	-0.17B	0.49B	0.29B	0.70B	-0.77B	0.45B	0.49B	0.25B	2.92B	0.60B	0.37B	0.71B	0.83B	0.20B	0.61B	0.44B	0.31B	0.62B	0.40B	0.38B	0.07B	0.24B	0.50B	0.69B	0.09B	0.55B	0.54B	0.33B	0.49B	0.82B	0.64B	0.87B	-0.82B	0.90B	0.55B	0.93B	0.43B	0.82B	0.57B	0.96B
Profit After Tax	1.46B	1.59B	3.46B	6.52B	0.33B	0.78B	0.37B	-0.50B	1.07B	2.05B	1.72B	1.54B	1.77B	1.82B	1.76B	0.95B	1.62B	0.94B	1.15B	0.81B	1.73B	2.03B	0.90B	7.33B	0.96B	0.69B	1.83B	0.98B	1.13B	1.21B	2.19B	-0.59B	1.56B	1.95B	-0.06B	-1.04B	0.74B	1.72B	1.96B	1.80B	2.92B	2.67B	1.91B	2.36B	3.22B	3.00B	2.94B	-2.09B	3.18B	1.54B	4.57B	3.76B	4.31B	3.95B	3.25B	3.02B	2.83B	-5.97B	4.75B	-1.23B	4.77B	5.46B	3.16B	3.74B	5.08B	4.43B	5.79B
Equity Income		0.40B	0.39B								0.16B	0.26B	0.11B	0.14B	0.16B	0.23B	0.13B	0.12B	0.10B	0.05B	0.12B	0.09B	0.02B	0.02B
Net Income - Minority				-2.43B	-2.47B	-2.43B	-2.46B	-2.43B	-2.46B
Income from Non-Controlling Interests	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.04B	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	-0.05B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	-0.05B	-0.05B	-0.03B	0.01B	-0.01B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	-0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.01B		0.01B	0.01B	0.00B	0.00B	0.01B	0.00B	0.00B
Income from Continuing Operations	0.80B	0.56B	-1.01B	13.03B	0.36B	0.15B	0.37B	-1.59B	1.07B	2.05B	1.72B	1.54B	1.77B	1.82B	1.76B	0.95B	1.62B	0.94B	1.15B	0.81B	1.73B	2.03B	0.84B	7.33B	0.96B	0.69B	1.83B	0.98B	1.13B	1.21B	2.19B	-0.59B	1.56B	1.95B	-0.05B	-1.04B	0.74B	1.72B	1.96B	1.78B	2.86B	2.64B	1.91B	-1.81B	3.22B	2.35B	2.33B	-2.61B	2.75B	1.21B	4.57B	3.82B	4.31B	3.95B	3.25B	3.02B	2.83B	-5.97B	4.75B	-1.23B	4.77B	5.46B	3.16B	3.74B	5.08B	4.43B	5.79B
Consolidated Net Income	0.80B	0.56B	-1.01B	13.03B	0.36B	0.15B	0.37B	-1.59B	1.07B	2.05B	1.72B	1.54B	1.77B	1.82B	1.76B	0.95B	1.62B	0.94B	1.15B	0.81B	1.73B	2.03B	0.84B	7.33B	0.96B	0.69B	1.83B	0.98B	1.13B	1.21B	2.19B	-0.59B	1.56B	1.95B	-0.05B	-1.04B	0.74B	1.72B	1.96B	1.78B	2.86B	2.64B	1.91B	-1.81B	3.22B	0.75B	0.62B	0.52B	0.44B	0.33B	4.57B	-0.06B	4.31B	3.95B	3.25B	3.02B	2.83B	-5.97B	4.75B	-1.23B	4.77B	5.46B	3.16B	3.74B	5.08B	4.43B	5.79B
Income towards Parent Company	0.80B	0.56B	-1.01B	10.60B	-2.11B	-2.28B	-2.08B	-4.02B	-1.38B	2.05B	1.72B	1.54B	1.77B	1.82B	1.76B	0.95B	1.62B	0.94B	1.15B	0.81B	1.73B	2.03B	0.84B	7.33B	0.96B	0.69B	1.83B	0.98B	1.13B	1.21B	2.19B	-0.59B	1.56B	1.95B	-0.05B	-1.04B	0.74B	1.72B	1.96B	1.78B	2.86B	2.64B	1.91B	-1.81B	3.22B	0.75B	0.62B	0.52B	0.44B	0.33B	4.57B	-0.06B	4.31B	3.95B	3.25B	3.02B	2.83B	-5.97B	4.75B	-1.23B	4.77B	5.46B	3.16B	3.74B	5.08B	4.43B	5.79B
Preferred Dividend Payments		0.04B	0.04B	-0.11B
Net Income towards Common Stockholders	0.80B	0.77B	0.48B	11.02B	-2.11B	-2.28B	-2.08B	-4.02B	-1.38B	2.05B	1.72B	1.54B	1.77B	1.82B	1.76B	0.95B	1.62B	0.94B	1.15B	0.81B	1.73B	2.03B	0.84B	7.33B	0.96B	0.69B	1.83B	0.98B	1.13B	1.21B	2.19B	-0.59B	1.56B	1.95B	-0.05B	-1.04B	0.74B	1.72B	1.96B	1.78B	2.86B	2.64B	1.91B	-1.81B	3.22B	0.75B	0.62B	0.52B	0.44B	0.33B	4.57B	-0.06B	4.31B	3.95B	3.25B	3.02B	2.83B	-5.97B	4.75B	-1.23B	4.77B	5.46B	3.16B	3.74B	5.08B	4.43B	5.79B
Additional items
EPS (Basic)	0.67	0.74	1.62	2.64	0.10	0.24	0.11	-0.17	0.34	0.65	0.55	0.50	0.57	0.59	0.57	0.30	0.53	0.30	0.38	0.27	0.58	0.69	0.31	2.54	0.34	0.24	0.65	0.35	0.41	0.44	0.79	-0.21	0.56	0.71	-0.02	-0.38	0.27	0.64	0.73	0.70	1.13	1.04	0.74	0.93	1.27	1.19	1.16	-0.83	1.26	0.61	1.81	1.49	1.70	1.56	1.28	1.18	1.11	-2.35	1.87	-0.49	1.88	2.15	1.25	1.48	2.01	1.76	2.32
EPS (Weighted Average and Diluted)	0.67	0.74	1.61	2.62	0.09	0.24	0.11	-0.16	0.34	0.65	0.55	0.49	0.56	0.58	0.56	0.29	0.52	0.30	0.38	0.27	0.57	0.68	0.31	2.50	0.33	0.24	0.64	0.34	0.40	0.43	0.78	-0.21	0.56	0.71	-0.02	-0.38	0.27	0.63	0.73	0.69	1.12	1.03	0.74	0.92	1.26	1.18	1.16	-0.83	1.25	0.61	1.80	1.48	1.70	1.55	1.28	1.18	1.11	-2.35	1.86	-0.48	1.87	2.14	1.24	1.48	2.01	1.76	2.32
Shares Outstanding (Weighted Average)	2.11B	2.11B	2.11B	2.11B	3.12B	3.12B	3.07B	3.08B	3.08B	3.09B	3.08B	3.05B	3.04B	3.04B	3.05B	3.04B	3.02B	3.02B	2.93B	2.92B	2.94B	2.92B	2.88B	2.85B	2.84B	2.82B	2.82B	2.79B	2.77B	2.77B	2.76B	2.76B	2.74B	2.74B	2.72B	2.70B	2.69B	2.66B	2.66B	2.60B	2.58B	2.57B	2.56B	2.55B	2.54B	2.52B	2.53B	2.53B	2.53B	2.53B	2.53B	2.53B	2.53B	2.53B	2.53B	2.54B	2.54B	2.54B	2.54B	2.53B	2.53B	2.53B	2.53B	2.53B	2.53B	2.50B	2.50B
EBITDA	1.13B	1.38B	1.60B	-1.72B	0.65B	-4.01B	-3.69B	-5.14B	-2.33B	-2.61B	-2.00B	-2.60B	-1.53B	-1.43B	-1.92B	-2.83B	-2.41B	-3.04B	-2.58B	-3.38B	-1.81B	-3.00B	-2.73B	8.06B	-2.19B	-2.95B	-1.36B	-3.03B	-1.95B	-2.07B	-0.52B	-4.83B	-1.05B	-0.68B	-3.11B	-1.56B	-1.84B	-1.33B	-0.95B	-0.69B	0.01B	-0.14B	-1.64B	-3.08B	0.53B	-0.01B	-0.31B	-7.57B	-0.21B	-1.39B	1.82B	0.04B	-0.52B	0.27B	-0.35B	-0.37B	-0.28B	-9.36B	1.36B	-5.96B	2.13B	2.26B	0.01B	0.34B	2.48B	1.44B	2.89B
Interest Expenses									0.19B	0.17B	0.18B	0.17B	0.17B	0.17B	0.18B	0.19B	0.18B
Tax Rate	28.96%	40.58%			44.34%	74.96%	25.30%		38.06%		26.70%	2.40%	29.52%	32.09%	20.51%	28.86%		24.90%	24.59%	33.47%	17.22%		43.49%	37.96%	30.63%	14.75%	23.61%		30.42%	19.61%	24.21%	56.71%	22.32%	20.01%			44.91%	17.74%	26.53%	31.72%	6.68%	18.87%	18.75%		16.13%	14.45%	14.04%		7.97%	29.30%	13.20%	2.17%	11.40%	11.99%	9.21%	14.09%	22.60%		15.48%	40.08%	15.93%	9.07%	22.71%	10.22%	13.86%	11.42%	14.20%

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