Merck & Co annual gross margin
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2024
2025
Merck & Co Gross Margin Growth & History (MRK)
Merck & Co's gross margin was 74.80% for fiscal 2025.
View full Merck & Co company overviewMerck & Co annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 74.80% | −1.52 pp |
| 2024 | 2024-12-31 | 76.32% | +3.15 pp |
| 2023 | 2023-12-31 | 73.17% | +2.54 pp |
| 2022 | 2022-12-31 | 70.63% | −1.39 pp |
| 2021 | 2021-12-31 | 72.02% | +4.82 pp |
| 2020 | 2020-12-31 | 67.20% | −2.09 pp |
| 2019 | 2019-12-31 | 69.29% | +1.23 pp |
| 2018 | 2018-12-31 | 68.06% | +0.24 pp |
| 2017 | 2017-12-31 | 67.82% | +3.06 pp |
| 2016 | 2016-12-31 | 64.75% | +2.56 pp |
| 2015 | 2015-12-31 | 62.19% | +1.89 pp |
| 2014 | 2014-12-31 | 60.30% | −1.24 pp |
| 2013 | 2013-12-31 | 61.54% | −3.67 pp |
| 2012 | 2012-12-31 | 65.21% | +0.32 pp |
| 2011 | 2011-12-31 | 64.89% | +4.89 pp |
| 2010 | 2010-12-31 | 60.00% | −7.12 pp |
| 2009 | 2009-12-31 | 67.12% | −9.47 pp |
| 2008 | 2008-12-31 | 76.59% | +1.97 pp |
| 2007 | 2007-12-31 | 74.62% | — |
Merck & Co quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 73.54% | −3.96 pp |
| Q1 2026 | 2026-03-31 | 74.24% | −3.74 pp |
| Q4 2025 | 2025-12-31 | 66.15% | −9.35 pp |
| Q3 2025 | 2025-09-30 | 77.69% | +2.18 pp |
| Q2 2025 | 2025-06-30 | 77.50% | +0.74 pp |
| Q1 2025 | 2025-03-31 | 77.98% | +0.42 pp |
| Q4 2024 | 2024-12-31 | 75.50% | +2.24 pp |
| Q3 2024 | 2024-09-30 | 75.51% | +2.22 pp |
| Q2 2024 | 2024-06-30 | 76.76% | +3.52 pp |
| Q1 2024 | 2024-03-31 | 77.56% | +4.66 pp |
| Q4 2023 | 2023-12-31 | 73.26% | +1.32 pp |
| Q3 2023 | 2023-09-30 | 73.29% | −0.41 pp |
| Q2 2023 | 2023-06-30 | 73.24% | +2.13 pp |
| Q1 2023 | 2023-03-31 | 72.90% | +6.73 pp |
| Q4 2022 | 2022-12-31 | 71.94% | +0.58 pp |
| Q3 2022 | 2022-09-30 | 73.70% | −0.07 pp |
| Q2 2022 | 2022-06-30 | 71.11% | −1.67 pp |
| Q1 2022 | 2022-03-31 | 66.17% | −3.73 pp |
| Q4 2021 | 2021-12-31 | 71.36% | +20.88 pp |
| Q3 2021 | 2021-09-30 | 73.77% | +1.34 pp |
| Q2 2021 | 2021-06-30 | 72.78% | +2.15 pp |
| Q1 2021 | 2021-03-31 | 69.90% | −2.63 pp |
| Q4 2020 | 2020-12-31 | 50.47% | −11.60 pp |
| Q3 2020 | 2020-09-30 | 72.43% | +4.62 pp |
| Q2 2020 | 2020-06-30 | 70.63% | −0.45 pp |
| Q1 2020 | 2020-03-31 | 72.53% | +0.75 pp |
| Q4 2019 | 2019-12-31 | 62.08% | −8.02 pp |
| Q3 2019 | 2019-09-30 | 67.81% | +1.34 pp |
| Q2 2019 | 2019-06-30 | 71.08% | +3.73 pp |
| Q1 2019 | 2019-03-31 | 71.78% | +3.51 pp |
| Q4 2018 | 2018-12-31 | 70.09% | +3.07 pp |
| Q3 2018 | 2018-09-30 | 66.47% | −1.50 pp |
| Q2 2018 | 2018-06-30 | 67.35% | −1.27 pp |
| Q1 2018 | 2018-03-31 | 68.28% | +0.60 pp |
| Q4 2017 | 2017-12-31 | 67.03% | +1.34 pp |
| Q3 2017 | 2017-09-30 | 67.97% | +0.33 pp |
| Q2 2017 | 2017-06-30 | 68.62% | +4.97 pp |
| Q1 2017 | 2017-03-31 | 67.68% | +6.04 pp |
| Q4 2016 | 2016-12-31 | 65.68% | +3.37 pp |
| Q3 2016 | 2016-09-30 | 67.64% | +4.98 pp |
| Q2 2016 | 2016-06-30 | 63.65% | +2.02 pp |
| Q1 2016 | 2016-03-31 | 61.64% | −0.49 pp |
| Q4 2015 | 2015-12-31 | 62.31% | −1.92 pp |
| Q3 2015 | 2015-09-30 | 62.66% | +2.66 pp |
| Q2 2015 | 2015-06-30 | 61.64% | +6.39 pp |
| Q1 2015 | 2015-03-31 | 62.13% | +0.16 pp |
| Q4 2014 | 2014-12-31 | 64.23% | +4.75 pp |
| Q3 2014 | 2014-09-30 | 60.00% | −2.80 pp |
| Q2 2014 | 2014-06-30 | 55.25% | −5.84 pp |
| Q1 2014 | 2014-03-31 | 61.97% | −0.93 pp |
| Q4 2013 | 2013-12-31 | 59.48% | −5.08 pp |
| Q3 2013 | 2013-09-30 | 62.80% | −1.19 pp |
| Q2 2013 | 2013-06-30 | 61.09% | −5.51 pp |
| Q1 2013 | 2013-03-31 | 62.90% | −2.69 pp |
| Q4 2012 | 2012-12-31 | 64.56% | −1.48 pp |
| Q3 2012 | 2012-09-30 | 63.99% | +0.19 pp |
| Q2 2012 | 2012-06-30 | 66.60% | +1.86 pp |
| Q1 2012 | 2012-03-31 | 65.59% | +0.64 pp |
| Q4 2011 | 2011-12-31 | 66.03% | +2.75 pp |
| Q3 2011 | 2011-09-30 | 63.80% | +1.47 pp |
| Q2 2011 | 2011-06-30 | 64.74% | +4.84 pp |
| Q1 2011 | 2011-03-31 | 64.95% | +10.61 pp |
| Q4 2010 | 2010-12-31 | 63.29% | +6.35 pp |
| Q3 2010 | 2010-09-30 | 62.33% | −9.26 pp |
| Q2 2010 | 2010-06-30 | 59.91% | −12.63 pp |
| Q1 2010 | 2010-03-31 | 54.33% | −20.90 pp |
| Q4 2009 | 2009-12-31 | 56.94% | — |
| Q3 2009 | 2009-09-30 | 71.59% | +9.54 pp |
| Q2 2009 | 2009-06-30 | 72.54% | +11.31 pp |
| Q1 2009 | 2009-03-31 | 75.23% | — |
| Q3 2008 | 2008-09-30 | 62.04% | — |
| Q2 2008 | 2008-06-30 | 61.23% | — |
Merck & Co gross margin trends
Over the last five fiscal years, Merck & Co's gross margin increased from 67.20% to 74.80%, a change of +7.60 percentage points. The latest reported quarter, Q2 2026, shows 73.54%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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