What is Merck & Co.'s long-term debt?

Merck & Co. (MRK) reported long-term debt of $49.1B in Q1 2026.

How has Merck & Co.'s long-term debt changed year-over-year?

Merck & Co.'s long-term debt increased by 41.1% year-over-year, from $34.8B to $49.1B.

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

Over 5 years (2020 to 2025), Merck & Co.'s long-term debt has grown at a 9.2% compound annual growth rate (CAGR), from $31.8B to $49.3B.

What does long-term debt mean?

Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

Merck & Co. MRK Long-Term Debt

Long-Term Debt at other companies

Bristol-Myers SquibbBMY

$42.09B-5.3%

PfizerPFE

$60.57B+5.1%

Johnson & JohnsonJNJ

$37.34B-4.8%

Regeneron PharmaceuticalsREGN

$1.99B+0.1%

CytokineticsCYTK

$247.21M+169%

ImmunityBio, Inc.IBRX

$404.3M+36.5%

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$325.57B+56.9%

Enterprise value$369.27B+56.3%

P/E36.4×+23.8×

P/S5×+1.7×

Profitability

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Gross margin73.9%-2.5pp

Net margin13.6%-13.7pp

FCF margin21.5%-5.2pp

Returns & leverage

See full

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:DebtLongtermAndShorttermCombinedAmount.

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 long-term debt?: Merck & Co. (MRK) reported long-term debt of $49.1B in Q1 2026.
How has Merck & Co.'s long-term debt changed year-over-year?: Merck & Co.'s long-term debt increased by 41.1% year-over-year, from $34.8B to $49.1B.
What is the long-term trend for Merck & Co.'s long-term debt?: Over 5 years (2020 to 2025), Merck & Co.'s long-term debt has grown at a 9.2% compound annual growth rate (CAGR), from $31.8B to $49.3B.
What does long-term debt mean?: Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.