Merck & Co., Inc. (MRK) Income statement

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Merck & Co., Inc. (MRK) · Income Statement

Consolidated Statements of Operations

Annual · In millions USD, except per-share data · Latest filed Feb 24, 2026 · FY ends Dec 31

Fiscal Years Ended
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Trend
Total Revenue$65,011$64,168$60,115$59,283
Cost of Revenue16,38215,19316,12617,411
Gross Profit$48,629$48,975$43,989$41,872
Other Operating Expenses26,52228,75441,03523,590
Total Operating Expenses42,90443,94757,16141,001
Operating Income$22,107$20,221$2,954$18,282
EBIT (Earnings Before Interest & Tax)22,10720,2212,95418,282
Add: Depreciation & Amortization5,8454,5043,8283,924
EBITDA (Non-GAAP)$27,952$24,725$6,782$22,206
Interest Income343415365157
Interest Expense-1,357-1,271-1,146-962
Investment Gains (Losses)36814340(1,419)
Foreign Exchange Gain (Loss)(323)(227)(370)(237)
Non-Operating Income (Expense)$(969)$(1,069)$(811)$(2,461)
Income Before Taxes (EBT)$21,067$19,936$1,889$16,444
Provision for Income Taxes2,8042,8031,5121,918
Effective Tax Rate13.3%14.1%80%11.7%
Net Income$18,254$17,117$365$14,519
Diluted Earnings Per Share$7.28$6.74$0.14$5.71
Gross Margin74.8%76.3%73.2%70.6%
10 more line items available via the API
Research & DevelopmentSales, General & AdministrativeAsset Impairment ChargesGain (Loss) on Equity SecuritiesShares OutstandingDiluted Shares OutstandingBasic Earnings Per ShareOperating MarginOther OpEx MarginNet Margin
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