← Merck & Co., Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Total Revenue $39.8b
$40.1b +0.79%
$42.3b +5.41%
$39.1b -7.50%
$41.5b +6.13%
$48.7b +17.31%
$59.3b +21.72%
$60.1b +1.40%
$64.2b +6.74%
$65.0b +1.31%
$66.6b +2.40%
Cost of Revenue $13.9b
$12.8b -8.03%
$13.5b +5.75%
$14.1b +4.46%
$15.5b +9.73%
$13.6b -12.01%
$17.4b +27.78%
$16.1b -7.38%
$15.2b -5.79%
$16.4b +7.83%
$18.0b +9.85%
Cost of sales $14.0b
$12.9b -7.97%
$13.5b +4.62%
$14.1b +4.46%
$15.5b +9.73%
$13.6b -12.01%
$17.4b +27.78%
$16.1b -7.38%
$15.2b -5.79%
$16.4b +7.83%
$18.0b +9.85%
Gross Profit (Calculated) $25.9b
$27.3b +5.52%
$28.8b +5.26%
$32.7b +13.70%
$32.5b -0.67%
$35.1b +7.90%
$41.9b +19.37%
$44.0b +5.06%
$49.0b +11.33%
$48.6b -0.71%
—
Research and Development Expense $10.1b $10.2b $9.8b $9.9b $13.6b $12.2b $13.5b $30.5b $17.9b $15.8b $30.5b
Selling, General and Administrative Expense $9.8b $9.8b $10.1b $10.6b $10.5b $9.6b $10.0b $10.5b $10.8b $10.7b $11.1b
Amortization of Intangible Assets $3.8b $3.2b $2.9b $2.0b $1.9b $1.6b $2.1b $2.0b $2.4b $2.8b —
Restructuring and Related Cost, Incurred Cost $1.1b $927.0m $658.0m $927.0m $883.0m $868.0m $666.0m $933.0m $888.0m $2.6b —
Restructuring costs $651.0m $776.0m $632.0m $638.0m $578.0m $661.0m $337.0m $599.0m $309.0m $889.0m —
Operating expenses:
Interest Expense $693.0m $754.0m $772.0m $893.0m $831.0m $806.0m $962.0m $1.1b — — $1.7b
Equity Securities, FV-NI, Realized Gain (Loss) — — — — — $1.4b ($1.0b) — — — —
Foreign Currency Transaction Gain (Loss), Realized $0 $0 — — — — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax ($174.0m) $11.0m ($145.0m) ($187.0m) ($145.0m) ($297.0m) ($237.0m) ($370.0m) ($227.0m) ($323.0m) —
Gain (Loss) Related to Litigation Settlement ($625.0m) $0 $0 — — — — — — — —
Income (Loss) from Equity Method Investments $86.0m $42.0m — — — — — — — — —
Interest Expense (non-operating) — — — — — — — — $1.3b $1.4b $1.7b
Other Nonoperating Income (Expense) ($720.0m) ($12.0m) $402.0m ($139.0m) $886.0m $1.3b ($1.5b) ($466.0m) $24.0m ($151.0m) —
Income (Loss) from Continuing Operations before Income Taxes, Domestic $518.0m $3.5b $3.7b $439.0m ($3.5b) $1.9b $1.0b ($15.6b) ($1.8b) ($4.9b) $5.9b
Income Before Taxes $4.7b $6.5b $8.7b $11.5b $8.8b $13.9b $16.4b $1.9b $19.9b $21.1b $5.9b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $4.7b $6.5b $8.7b $11.5b $8.8b $13.9b $16.4b $1.9b $19.9b $21.1b $5.9b
Current Income Tax Expense (Benefit) $2.2b $6.7b $3.0b $2.2b $2.4b $1.3b $3.5b $3.4b $4.1b $4.5b $2.8b
Income Tax Expense (Benefit) $718.0m $4.1b $2.5b $1.7b $1.7b $1.5b $1.9b $1.5b $2.8b $2.8b $2.8b
Net Income (Loss) Attributable to Parent $3.9b
$2.4b -38.93%
$6.2b +159.82%
$9.8b +58.25%
$7.1b -28.20%
$13.0b +84.65%
$14.5b +11.27%
$365.0m -97.49%
$17.1b +4589.59%
$18.3b +6.64%
$3.2b -82.62%
Less: Net Income Attributable to Noncontrolling Interests $21.0m $24.0m ($27.0m) ($66.0m) $15.0m $13.0m $7.0m $12.0m $16.0m $9.0m —
Earnings Per Share, Basic $1.35 $0.84 $2.23 $3.66 $2.66 $5.16 $5.73 $0.14 $6.76 $7.30 $1.26
Earnings Per Share, Diluted $1.35 $0.83 $2.21 $3.64 $2.65 $5.14 $5.71 $0.14 $6.74 $7.28 $1.25
Income (Loss) from Continuing Operations, Per Basic Share $1 $1 $2 $4 $3 $5 $6 $0 $7 $7 —
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — $5 $6 $0 — — —
Common Stock, Dividends, Per Share, Declared $1.77 $1.80 $1.90 $2.16 $2.37 $2.64 $2.80 $2.96 $3.12 $3.28 —
Weighted Average Number of Shares Outstanding, Basic 2.9b 2.9b 2.8b 2.7b 2.7b 2.5b 2.5b 2.5b 2.5b 2.5b 2.5b
Weighted Average Number of Shares Outstanding, Diluted 2.9b 2.9b 2.8b 2.7b 2.7b 2.5b 2.5b 2.5b 2.5b 2.5b 2.5b
Additional Financial Items
Goodwill, Impairment Loss $47.0m $38.0m $144.0m $162.0m — — — — — — —
Other (income) expense, net $720.0m $12.0m ($402.0m) $139.0m ($886.0m) ($1.3b) $1.5b $466.0m ($24.0m) $151.0m $471.0m
Taxes on Income $718.0m $4.1b $2.5b $1.7b $1.7b $1.5b $1.9b $1.5b $2.8b $2.8b —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — $12.3b $14.5b $365.0m — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $21.0m $24.0m $27.0m $66.0m $15.0m $12.4b $14.5b $377.0m $16.0m $9.0m —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — $704.0m $0 $0 — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $21.0m $24.0m $27.0m $66.0m $15.0m $707.0m $7.0m $12.0m $16.0m $9.0m —
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component — — ($512.0m) ($545.0m) ($339.0m) ($212.0m) ($279.0m) ($498.0m) ($633.0m) ($615.0m) —
Total costs, expenses and other $35.1b $33.6b $33.6b $35.4b $39.2b $34.8b $42.8b $58.2b $44.2b $43.9b —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.