Merck & Co annual operating margin
2022
2023
2024
2025
Merck & Co Operating Margin Growth & History (MRK)
Merck & Co's operating margin was 34.01% for fiscal 2025.
View full Merck & Co company overviewMerck & Co annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 34.01% | +2.49 pp |
| 2024 | 2024-12-31 | 31.51% | +26.60 pp |
| 2023 | 2023-12-31 | 4.91% | −25.92 pp |
| 2022 | 2022-12-31 | 30.84% | — |
Merck & Co quarterly operating margin
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −2.61% | −37.73 pp |
| Q1 2026 | 2026-03-31 | −19.65% | — |
| Q4 2025 | 2025-12-31 | 24.79% | — |
| Q3 2025 | 2025-09-30 | 37.94% | — |
| Q2 2025 | 2025-06-30 | 35.13% | — |
Merck & Co operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, Merck & Co's operating margin increased from 30.84% to 34.01%, a change of +3.17 percentage points. The latest reported quarter, Q2 2026, shows −2.61%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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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