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Merck & Co.'s Revenue (2016 - 2025)

  • Merck & Co.'s annual revenue was $65.01 B in fiscal year 2025. The annual revenue increased $843.00 M from $64.17 B (in 2024) to $65.01 B (in 2025), representing a 1.31% year-over-year growth.

  • Merck & Co.'s quarterly revenue was $16.29 B in the quarter ending Mar 2026. The quarterly revenue increased $757.00 M from $15.53 B (in Q1: Dec 2025) to $16.29 B (in Q1: Dec 2026), representing a 4.87% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Merck & Co. was $65.01 B in fiscal year 2025.
  • The lowest annual revenue was $39.12 B in fiscal year 2019.
  • The average revenue was $50.01 B.

    • Learn more about Merck & Co.'s Revenue by Segment and Revenue by Region.

    Check out competitors to Merck & Co. in a side-by-side comparison.

    Explore additional financial metrics for Merck & Co..


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Merck & Co.'s Revenue Trend

2025

Merck & Co.'s annual revenue was $65.01 B in fiscal year 2025.

Merck & Co.'s quarterly revenue was $15.53 B(Q1: Mar 2025), $15.81 B(Q2: Jun 2025), $17.28 B(Q3: Sep 2025), $16.40 B(Q4: Dec 2025) in fiscal year 2025.

2024

Merck & Co.'s annual revenue was $64.17 B in fiscal year 2024.

Merck & Co.'s quarterly revenue was $15.78 B(Q1: Mar 2024), $16.11 B(Q2: Jun 2024), $16.66 B(Q3: Sep 2024), $15.62 B(Q4: Dec 2024) in fiscal year 2024.

2023

Merck & Co.'s annual revenue was $60.12 B in fiscal year 2023.

Merck & Co.'s quarterly revenue was $14.49 B(Q1: Mar 2023), $15.04 B(Q2: Jun 2023), $15.96 B(Q3: Sep 2023), $14.63 B(Q4: Dec 2023) in fiscal year 2023.

2022

Merck & Co.'s annual revenue was $59.28 B in fiscal year 2022.

Merck & Co.'s quarterly revenue was $15.90 B(Q1: Mar 2022), $14.59 B(Q2: Jun 2022), $14.96 B(Q3: Sep 2022), $13.83 B(Q4: Dec 2022) in fiscal year 2022.

2021

Merck & Co.'s annual revenue was $48.70 B in fiscal year 2021.

Merck & Co.'s quarterly revenue was $10.63 B(Q1: Mar 2021), $11.40 B(Q2: Jun 2021), $13.15 B(Q3: Sep 2021), $13.52 B(Q4: Dec 2021) in fiscal year 2021.

2020

Merck & Co.'s annual revenue was $41.52 B in fiscal year 2020.

Merck & Co.'s quarterly revenue was $12.06 B(Q1: Mar 2020), $9.35 B(Q2: Jun 2020), $10.93 B(Q3: Sep 2020), $12.52 B(Q4: Dec 2020) in fiscal year 2020.

2019

Merck & Co.'s annual revenue was $39.12 B in fiscal year 2019.

Merck & Co.'s quarterly revenue was $10.82 B(Q1: Mar 2019), $11.76 B(Q2: Jun 2019), $12.40 B(Q3: Sep 2019), $11.87 B(Q4: Dec 2019) in fiscal year 2019.

2018

Merck & Co.'s annual revenue was $42.29 B in fiscal year 2018.

Merck & Co.'s quarterly revenue was $10.04 B(Q1: Mar 2018), $10.47 B(Q2: Jun 2018), $10.79 B(Q3: Sep 2018), $11.00 B(Q4: Dec 2018) in fiscal year 2018.

2017

Merck & Co.'s annual revenue was $40.12 B in fiscal year 2017.

Merck & Co.'s quarterly revenue was $9.43 B(Q1: Mar 2017), $9.93 B(Q2: Jun 2017), $10.33 B(Q3: Sep 2017), $10.43 B(Q4: Dec 2017) in fiscal year 2017.

2016

Merck & Co.'s annual revenue was $39.81 B in fiscal year 2016.

Merck & Co.'s quarterly revenue was $9.31 B(Q1: Mar 2016), $9.84 B(Q2: Jun 2016), $10.54 B(Q3: Sep 2016), $10.12 B(Q4: Dec 2016) in fiscal year 2016.

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Merck & Co.'s Revenue (Year-over-Year Change)

2015 0
2016 +0.78
2017 +0.79
2018 +5.41
2019 -7.50
2020 +6.13
2021 +17.31
2022 +21.72
2023 +1.40
2024 +6.74
2025 +1.31

2025

Merck & Co.’s annual revenue increased +1.31% during fiscal year 2025 compared to 2024. It represents a growth of $843.00 M from $64.17 B (in 2024) to $65.01 B (in 2025).

2024

Merck & Co.’s annual revenue increased +6.74% during fiscal year 2024 compared to 2023. It represents a growth of $4.05 B from $60.12 B (in 2023) to $64.17 B (in 2024).

2023

Merck & Co.’s annual revenue increased +1.40% during fiscal year 2023 compared to 2022. It represents a growth of $832.00 M from $59.28 B (in 2022) to $60.12 B (in 2023).

2022

Merck & Co.’s annual revenue increased +21.72% during fiscal year 2022 compared to 2021. It represents a growth of $10.58 B from $48.70 B (in 2021) to $59.28 B (in 2022).

2021

Merck & Co.’s annual revenue increased +17.31% during fiscal year 2021 compared to 2020. It represents a growth of $7.19 B from $41.52 B (in 2020) to $48.70 B (in 2021).

2020

Merck & Co.’s annual revenue increased +6.13% during fiscal year 2020 compared to 2019. It represents a growth of $2.40 B from $39.12 B (in 2019) to $41.52 B (in 2020).

2019

Merck & Co.’s annual revenue decreased -7.50% during fiscal year 2019 compared to 2018. It represents a decline of $3.17 B from $42.29 B (in 2018) to $39.12 B (in 2019).

2018

Merck & Co.’s annual revenue increased +5.41% during fiscal year 2018 compared to 2017. It represents a growth of $2.17 B from $40.12 B (in 2017) to $42.29 B (in 2018).

2017

Merck & Co.’s annual revenue increased +0.79% during fiscal year 2017 compared to 2016. It represents a growth of $315.00 M from $39.81 B (in 2016) to $40.12 B (in 2017).

2016

Merck & Co.’s annual revenue increased +0.78% during fiscal year 2016 compared to 2015. It represents a growth of $309.00 M from $39.50 B (in 2015) to $39.81 B (in 2016).

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Merck & Co. Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$65.01 B $843.00 M 1.31%
Q4: Dec 25 $16.40 B $776.00 M 4.97%
Q3: Sep 25 $17.28 B $619.00 M 3.72%
Q2: Jun 25 $15.81 B -$306.00 M 1.9%
Q1: Mar 25 $15.53 B -$246.00 M 1.56%
FY 2024
$64.17 B $4.05 B 6.74%
Q4: Dec 24 $15.62 B $994.00 M 6.79%
Q3: Sep 24 $16.66 B $695.00 M 4.35%
Q2: Jun 24 $16.11 B $1.08 B 7.16%
Q1: Mar 24 $15.78 B $1.29 B 8.89%
FY 2023
$60.12 B $832.00 M 1.4%
Q4: Dec 23 $14.63 B $800.00 M 5.78%
Q3: Sep 23 $15.96 B $1.00 B 6.7%
Q2: Jun 23 $15.04 B $442.00 M 3.03%
Q1: Mar 23 $14.49 B -$1.41 B 8.89%
FY 2022
$59.28 B $10.58 B 21.72%
Q4: Dec 22 $13.83 B $309.00 M 2.29%
Q3: Sep 22 $14.96 B $1.81 B 13.72%
Q2: Jun 22 $14.59 B $3.19 B 27.99%
Q1: Mar 22 $15.90 B $5.27 B 49.63%
FY 2021
$48.70 B $7.19 B 17.31%
Q4: Dec 21 $13.52 B $1.01 B 8.04%
Q3: Sep 21 $13.15 B $2.23 B 20.36%
Q2: Jun 21 $11.40 B $2.05 B 21.91%
Q1: Mar 21 $10.63 B -$1.43 B 11.86%
FY 2020
$41.52 B $2.40 B 6.13%
Q4: Dec 20 $12.52 B $647.00 M 5.45%
Q3: Sep 20 $10.93 B -$1.47 B 11.84%
Q2: Jun 20 $9.35 B -$2.41 B 20.47%
Q1: Mar 20 $12.06 B $1.24 B 11.47%
FY 2019
$39.12 B -$3.17 B 7.5%
Q4: Dec 19 $11.87 B $870.00 M 7.91%
Q3: Sep 19 $12.40 B $1.60 B 14.85%
Q2: Jun 19 $11.76 B $1.30 B 12.37%
Q1: Mar 19 $10.82 B $779.00 M 7.76%
FY 2018
$42.29 B $2.17 B 5.41%
Q4: Dec 18 $11.00 B $565.00 M 5.42%
Q3: Sep 18 $10.79 B $469.00 M 4.54%
Q2: Jun 18 $10.47 B $535.00 M 5.39%
Q1: Mar 18 $10.04 B $603.00 M 6.39%
FY 2017
$40.12 B $315.00 M 0.79%
Q4: Dec 17 $10.43 B $318.00 M 3.14%
Q3: Sep 17 $10.33 B -$211.00 M 2%
Q2: Jun 17 $9.93 B $86.00 M 0.87%
Q1: Mar 17 $9.43 B $122.00 M 1.31%
FY 2016
$39.81 B $309.00 M 0.78%
Q4: Dec 16 $10.12 B -$100.00 M 0.98%
Q3: Sep 16 $10.54 B $463.00 M 4.6%
Q2: Jun 16 $9.84 B $59.00 M 0.6%
Q1: Mar 16 $9.31 B -$113.00 M 1.2%

Frequently Asked Questions

What is the annual revenue of Merck & Co.?

In fiscal year 2025, Merck & Co.'s revenue was $65.01 Billion.

How much did Merck & Co.'s revenue change in the last year?

Merck & Co.'s revenue increased by +1.31% (+$843.00 Million) in 2025 compared to 2024.

What is Merck & Co.'s most recent quarterly revenue?

In the first quarter (Q1) of 2026, Merck & Co. reported a revenue of $16.29 Billion.

What is Merck & Co.'s revenue per share (TTM)?

Merck & Co.'s revenue per share over the trailing twelve months is $26.53.

What is Merck & Co.'s revenue per employee?

In the fiscal year 2025, Merck & Co.'s revenue per employee was $866.81 K.

What is the annual net income of Merck & Co.?

In fiscal year 2025, Merck & Co.'s net income was $18.25 Billion.

What is Merck & Co.'s biggest product segment, and what is its revenue?

Pharmaceutical segment is Merck & Co.'s biggest product segment, generating $58.14 Billion in revenue for fiscal year 2025.

What is Merck & Co.'s net income per employee?

In the fiscal year 2025, Merck & Co.'s net income per employee was $243.39 K.

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