What is Merck & Co.'s animal health — goodwill?

Merck & Co. (MRK) reported animal health — goodwill of $3.67B in Q4 2025.

How has Merck & Co.'s animal health — goodwill changed year-over-year?

Merck & Co.'s animal health — goodwill decreased by 2.4% year-over-year, from $3.77B to $3.67B.

What does animal health — goodwill mean?

The excess purchase price paid for animal health business acquisitions over the fair value of their net assets.

Discontinued — last reported Q4 '25

Animal Health — Goodwill

Merck & Co. Animal Health — Goodwill decreased by 2.4% to $3.67B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.4%, from $3.77B to $3.67B.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2016

Last reportedQ4 2025Feb 24, 2026

Rolls up toGoodwill

How to read this metric

An increase suggests recent M&A activity, while a decrease may indicate impairment charges due to underperforming acquisitions.

Detailed definition

Represents the premium paid over the fair value of net identifiable assets acquired in business combinations within the...

Peer comparison

Standard across pharmaceutical and life sciences companies with active M&A strategies.

Metric ID: mrk_segment_animal_health_goodwill

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$3.27B	$3.27B	$3.28B	$3.77B	$3.67B
QoQ Change	—	+0.0%	+0.2%	+15.0%	-2.4%
YoY Change	—	+0.0%	+0.2%	+15.0%	-2.4%

Range$3.27B – $3.77B

CAGR+12.5%

Avg YoY Growth+3.2%

Median YoY Growth+0.1%

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Frequently Asked Questions

What is Merck & Co.'s animal health — goodwill?: Merck & Co. (MRK) reported animal health — goodwill of $3.67B in Q4 2025.
How has Merck & Co.'s animal health — goodwill changed year-over-year?: Merck & Co.'s animal health — goodwill decreased by 2.4% year-over-year, from $3.77B to $3.67B.
What does animal health — goodwill mean?: The excess purchase price paid for animal health business acquisitions over the fair value of their net assets.