Other
Notional
Merck & Co. Notional increased by 4.5% to $42.11B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.6%, from $42.36B to $42.11B. Over 5 years (FY 2020 to FY 2025), Notional shows an upward trend with a 4.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026May 4, 2026
How to read this metric
An increase suggests higher market exposure or hedging activity, while a decrease may indicate reduced trading volume or risk appetite.
Detailed definition
The total face or contract value of derivative instruments, representing the underlying principal upon which payments ar...
Peer comparison
Standard across large financial institutions; peers often disclose this by product type (interest rate, FX, credit).
Metric ID:
other_derivative_notional_amountHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $29.43B | $28.46B | $32.96B | $31.26B | $27.73B | $26.03B | $28.68B | $30.36B | $29.25B | $29.81B | $30.55B | $32.22B | $33.10B | $35.31B | $38.56B | $42.36B | $44.69B | $42.87B | $40.29B | $42.11B |
| QoQ Change | — | -3.3% | +15.8% | -5.2% | -11.3% | -6.1% | +10.2% | +5.9% | -3.7% | +1.9% | +2.5% | +5.5% | +2.7% | +6.7% | +9.2% | +9.9% | +5.5% | -4.1% | -6.0% | +4.5% |
| YoY Change | — | — | — | — | -5.8% | -8.5% | -13.0% | -2.9% | +5.5% | +14.5% | +6.5% | +6.1% | +13.2% | +18.5% | +26.2% | +31.5% | +35.0% | +21.4% | +4.5% | -0.6% |
Range$26.03B – $44.69B
CAGR+7.8%
Avg YoY Growth+9.5%
Median YoY Growth+6.3%
Notional at Other Companies
Frequently Asked Questions
- What is Merck & Co.'s notional?
- Merck & Co. (MRK) reported notional of $42.11B in Q1 2026.
- How has Merck & Co.'s notional changed year-over-year?
- Merck & Co.'s notional decreased by 0.6% year-over-year, from $42.36B to $42.11B.
- What is the long-term trend for Merck & Co.'s notional?
- Over 5 years (2020 to 2025), Merck & Co.'s notional has grown at a 4.2% compound annual growth rate (CAGR), from $32.78B to $40.29B.
- What does notional mean?
- The total underlying principal value of all derivative contracts held by the bank.