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Current Assets

Short-Term Investments

Year-over-year, this metric declined by 37.4%, from $599M to $375M.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 4, 2026

How to read this metric

An increase suggests the company is parking excess cash in interest-bearing assets, while a decrease may indicate cash deployment for operations or acquisitions.

Detailed definition

These are marketable securities and other financial instruments that the company intends to hold for less than one year....

Peer comparison

Common among cash-rich companies; peers often hold these in government securities or high-grade corporate debt.

Metric ID: short_term_investments

Historical Data

18 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$0$372M$453M$103M$498M$680M$718M$168M$252M$40M$50M$0$447M$599M$615M$45M$0$375M
QoQ Change+21.8%-77.3%+383.5%+36.5%+5.6%-76.6%+50.0%-84.1%+25.0%-100.0%+34.0%+2.7%-92.7%-100.0%
YoY Change+82.8%+58.5%+63.1%-49.4%-94.1%-93.0%-100.0%+77.4%>999%>999%-100.0%-37.4%
Range$0$718M
Avg YoY Growth+194.6%
Median YoY Growth+10.6%
Current Streak3 quarters decline

Frequently Asked Questions

What is Merck & Co.'s short-term investments?
Merck & Co. (MRK) reported short-term investments of $375M in Q1 2026.
How has Merck & Co.'s short-term investments changed year-over-year?
Merck & Co.'s short-term investments decreased by 37.4% year-over-year, from $599M to $375M.
What does short-term investments mean?
Liquid investments that mature within one year.