What is Merck & Co.'s income tax?

Merck & Co. (MRK) reported income tax of $709M in Q1 2026.

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

Merck & Co.'s income tax decreased by 13.3% year-over-year, from $818M to $709M.

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

Over 3 years (2021 to 2025), Merck & Co.'s income tax has grown at a 22.6% compound annual growth rate (CAGR), from $1.52B to $2.81B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Merck & Co. MRK Income Tax

Income Tax at other companies

Bristol-Myers SquibbBMY

$561M+10.2%

PfizerPFE

$461M+344%

Johnson & JohnsonJNJ

$755M-71.3%

Regeneron PharmaceuticalsREGN

$104M+8.0%

Phibro Animal HealthPAHC

$8.29M-5.9%

United TherapeuticsUTHR

$43.4M-57.2%

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$317.37B+60.3%

Enterprise value$361.07B+59.3%

P/E35.5×+23.5×

P/S4.8×+1.7×

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:IncomeTaxExpenseBenefit.

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 income tax?: Merck & Co. (MRK) reported income tax of $709M in Q1 2026.
How has Merck & Co.'s income tax changed year-over-year?: Merck & Co.'s income tax decreased by 13.3% year-over-year, from $818M to $709M.
What is the long-term trend for Merck & Co.'s income tax?: Over 3 years (2021 to 2025), Merck & Co.'s income tax has grown at a 22.6% compound annual growth rate (CAGR), from $1.52B to $2.81B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.