What is Merck & Co.'s net income?

Merck & Co. (MRK) reported net income of -$4.24B in Q1 2026.

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

Merck & Co.'s net income decreased by 183.5% year-over-year, from $5.08B to -$4.24B.

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

Over 3 years (2021 to 2025), Merck & Co.'s net income has grown at a 11.8% compound annual growth rate (CAGR), from $13.05B to $18.25B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Merck & Co. MRK Net Income

Net Income at other companies

Bristol-Myers SquibbBMY

$2.68B+9.0%

PfizerPFE

$2.69B-9.4%

Johnson & JohnsonJNJ

$5.24B-52.4%

Regeneron PharmaceuticalsREGN

$727.2M-10.1%

CytokineticsCYTK

-$206.03M-27.7%

Phibro Animal HealthPAHC

$24.02M+15.1%

Other financials

Income statement

See full

Revenue$16.3B+4.9%

Gross profit$12.1B-0.2%

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

See full

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$309.84B+56.1%

Enterprise value$353.54B+56.5%

P/E34.7×+23.3×

P/S4.7×+1.6×

Profitability

See full

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:NetIncomeLoss.

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 net income?: Merck & Co. (MRK) reported net income of -$4.24B in Q1 2026.
How has Merck & Co.'s net income changed year-over-year?: Merck & Co.'s net income decreased by 183.5% year-over-year, from $5.08B to -$4.24B.
What is the long-term trend for Merck & Co.'s net income?: Over 3 years (2021 to 2025), Merck & Co.'s net income has grown at a 11.8% compound annual growth rate (CAGR), from $13.05B to $18.25B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.