What is Merck & Co.'s retained earnings?

Merck & Co. (MRK) reported retained earnings of $66.72B in Q1 2026.

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

Merck & Co.'s retained earnings increased by 0.9% year-over-year, from $66.1B to $66.72B.

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

Over 5 years (2020 to 2025), Merck & Co.'s retained earnings has grown at a 9.1% compound annual growth rate (CAGR), from $47.36B to $73.08B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Merck & Co. MRK Retained Earnings

Retained Earnings at other companies

Bristol-Myers SquibbBMY

$20.32B+25.8%

PfizerPFE

$117.24B-2.0%

Johnson & JohnsonJNJ

$171.67B+3.8%

Regeneron PharmaceuticalsREGN

$37.62B+11.7%

CytokineticsCYTK

-$3.69B-29.0%

Phibro Animal HealthPAHC

$336.12M+29.1%

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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: Merck & Co. (MRK) reported retained earnings of $66.72B in Q1 2026.
How has Merck & Co.'s retained earnings changed year-over-year?: Merck & Co.'s retained earnings increased by 0.9% year-over-year, from $66.1B to $66.72B.
What is the long-term trend for Merck & Co.'s retained earnings?: Over 5 years (2020 to 2025), Merck & Co.'s retained earnings has grown at a 9.1% compound annual growth rate (CAGR), from $47.36B to $73.08B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.