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Merck & Co. MRK Net gains (losses) on investments

Net gains (losses) on investments at other companies

United Therapeutics logo
United TherapeuticsUTHR
$13.4M+435%
ImmunityBio, Inc. logo
ImmunityBio, Inc.IBRX
-$180K-1,536%

Other financials

Income statement

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Revenue$16.6B+5.1%
Gross profit$12.2B-0.3%
Net income-$1.3B-130%
EPS (diluted)-$0.54-131%

Balance sheet

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Cash & equivalents$6.9B-14.6%
Total debt$56.7B+54.0%
Total equity$41.9B-14.4%
Total assets$129.80B+10.4%

Cash flow

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Operating cash flow$5.4B+63.1%
CapEx$893.0M+16.9%
Free cash flow$4.5B+77.0%

Valuation

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Market cap$323B+60.3%
Enterprise value$372.84B+61.9%
P/E101.8×+89.5×
P/S4.9×+1.7×

Profitability

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Gross margin73%-3.6pp
Net margin4.8%-21.0pp
FCF margin24.1%+1.0pp

Returns & leverage

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Return on equity7%-28.5pp
Debt / equity1.4×+0.6×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Merck & Co. in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesFvNiGainLoss.

The source filing: Merck & Co.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:11 PM EDT
Fiscal quarter
Q3 FY2028
Calendar quarter
Q3 2028
Accession
0000310158-26-000212
($ in millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Interest income$(35)$(69)$(70)$(178)
Interest expense5253051,004618
Exchange losses377875167
Income from investments in equity securities, net (1)(242)(100)(411)(189)
Net periodic defined benefit plan (credit) cost other than service cost(127)(152)(262)(300)
Other, net(59)(69)(99)(161)
$99$(7)$237$(43)

Item 1. Financial Statements

FAQ

What is Merck & Co.'s net gains (losses) on investments?
Merck & Co. (MRK) reported net gains (losses) on investments of $242M in Q2 2026.
How has Merck & Co.'s net gains (losses) on investments changed year-over-year?
Merck & Co.'s net gains (losses) on investments increased by 142.0% year-over-year, from $100M to $242M.
What is the long-term trend for Merck & Co.'s net gains (losses) on investments?
Over 2 years (2021 to 2023), Merck & Co.'s net gains (losses) on investments has grown at a -58.0% compound annual growth rate (CAGR), from $1.94B to $342M.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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