What is Merck & Co.'s derivative liability?

Merck & Co. (MRK) reported derivative liability of $229M in Q1 2026.

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

Merck & Co.'s derivative liability decreased by 14.6% year-over-year, from $268M to $229M.

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

Over 5 years (2020 to 2025), Merck & Co.'s derivative liability has grown at a -9.2% compound annual growth rate (CAGR), from $525M to $324M.

Merck & Co. MRK Derivative Liability

Derivative Liability at other companies

PfizerPFE

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Roivant SciencesROIV

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Colgate-PalmoliveCL

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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$281.24B+31.2%

Enterprise value$324.94B+34.2%

P/E31.5×+19.2×

P/S4.3×+0.9×

Profitability

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Gross margin73.9%-2.5pp

Net margin13.6%-13.7pp

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:DerivativeLiabilities.

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 derivative liability?: Merck & Co. (MRK) reported derivative liability of $229M in Q1 2026.
How has Merck & Co.'s derivative liability changed year-over-year?: Merck & Co.'s derivative liability decreased by 14.6% year-over-year, from $268M to $229M.
What is the long-term trend for Merck & Co.'s derivative liability?: Over 5 years (2020 to 2025), Merck & Co.'s derivative liability has grown at a -9.2% compound annual growth rate (CAGR), from $525M to $324M.