What is Merck & Co.'s goodwill?

Merck & Co. (MRK) reported goodwill of $21.58B in Q1 2026.

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

Merck & Co.'s goodwill decreased by 0.5% year-over-year, from $21.68B to $21.58B.

What is the long-term trend for Merck & Co.'s goodwill?

Over 5 years (2020 to 2025), Merck & Co.'s goodwill has grown at a 2.7% compound annual growth rate (CAGR), from $18.88B to $21.58B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Merck & Co. MRK Goodwill

Goodwill at other companies

Bristol-Myers SquibbBMY

$21.74B0.0%

PfizerPFE

$71.41B+4.3%

Johnson & JohnsonJNJ

$48.48B+0.8%

Phibro Animal HealthPAHC

$59.89M+9.7%

United TherapeuticsUTHR

$115.5M+3.4%

ImmunityBio, Inc.IBRX

$910K0.0%

Other financials

Income statement

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Revenue$16.3B+4.9%

Gross profit$12.1B-0.2%

Net income-$4.2B-183%

EPS (diluted)-$1.72-186%

Balance sheet

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Cash & equivalents$5.4B-38.2%

Total debt$49.1B+35.8%

Total equity$45.9B-5.1%

Total assets$128.69B+11.8%

Cash flow

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Operating cash flow$3.9B+56.7%

CapEx$991.0M-25.4%

Free cash flow$2.9B+150%

Valuation

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Market cap$323.72B+53.4%

Enterprise value$367.42B+53.2%

P/E36.2×+23.4×

P/S4.9×+1.6×

Profitability

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Gross margin73.9%-2.5pp

Net margin13.6%-13.7pp

FCF margin21.5%-5.2pp

Returns & leverage

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Return on equity19%-20.3pp

Debt / equity1.1×+0.3×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Merck & Co. in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Merck & Co.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merck & Co.'s goodwill?: Merck & Co. (MRK) reported goodwill of $21.58B in Q1 2026.
How has Merck & Co.'s goodwill changed year-over-year?: Merck & Co.'s goodwill decreased by 0.5% year-over-year, from $21.68B to $21.58B.
What is the long-term trend for Merck & Co.'s goodwill?: Over 5 years (2020 to 2025), Merck & Co.'s goodwill has grown at a 2.7% compound annual growth rate (CAGR), from $18.88B to $21.58B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.