Merck & Co annual r&d spending
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2025
Merck & Co R&D Spending Growth & History (MRK)
Merck & Co's r&d spending was $15.79B for fiscal 2025.
View full Merck & Co company overviewMerck & Co annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $15.79B | −$2.15B | −11.98% |
| 2024 | 2024-12-31 | $17.94B | −$12.59B | −41.25% |
| 2023 | 2023-12-31 | $30.53B | $16.98B | +125.35% |
| 2022 | 2022-12-31 | $13.55B | $1.30B | +10.64% |
| 2021 | 2021-12-31 | $12.24B | −$1.15B | −8.60% |
| 2020 | 2020-12-31 | $13.40B | $3.67B | +37.77% |
| 2019 | 2019-12-31 | $9.72B | −$28.0M | −0.29% |
| 2018 | 2018-12-31 | $9.75B | −$587.0M | −5.68% |
| 2017 | 2017-12-31 | $10.34B | $78.0M | +0.76% |
| 2016 | 2016-12-31 | $10.26B | $3.56B | +53.06% |
| 2015 | 2015-12-31 | $6.70B | −$476.0M | −6.63% |
| 2014 | 2014-12-31 | $7.18B | −$323.0M | −4.30% |
| 2013 | 2013-12-31 | $7.50B | −$665.0M | −8.14% |
| 2012 | 2012-12-31 | $8.17B | −$299.0M | −3.53% |
| 2011 | 2011-12-31 | $8.47B | −$2.64B | −23.80% |
| 2010 | 2010-12-31 | $11.11B | $5.27B | +90.09% |
| 2009 | 2009-12-31 | $5.84B | $1.04B | +21.64% |
| 2008 | 2008-12-31 | $4.80B | −$77.8M | −1.59% |
| 2007 | 2007-12-31 | $4.88B | — | — |
Merck & Co quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.74B | $5.69B | +140.64% |
| Q1 2026 | 2026-03-31 | $12.59B | $8.97B | +247.75% |
| Q4 2025 | 2025-12-31 | $3.89B | −$698.0M | −15.23% |
| Q3 2025 | 2025-09-30 | $4.23B | −$1.63B | −27.77% |
| Q2 2025 | 2025-06-30 | $4.05B | $548.0M | +15.66% |
| Q1 2025 | 2025-03-31 | $3.62B | −$371.0M | −9.29% |
| Q4 2024 | 2024-12-31 | $4.58B | −$5.04B | −52.38% |
| Q3 2024 | 2024-09-30 | $5.86B | $2.56B | +77.26% |
| Q2 2024 | 2024-06-30 | $3.50B | −$9.82B | −73.73% |
| Q1 2024 | 2024-03-31 | $3.99B | −$284.0M | −6.64% |
| Q4 2023 | 2023-12-31 | $9.63B | $5.85B | +155.02% |
| Q3 2023 | 2023-09-30 | $3.31B | −$1.09B | −24.82% |
| Q2 2023 | 2023-06-30 | $13.32B | $10.52B | +376.09% |
| Q1 2023 | 2023-03-31 | $4.28B | $1.70B | +65.99% |
| Q4 2022 | 2022-12-31 | $3.77B | $708.0M | +23.08% |
| Q3 2022 | 2022-09-30 | $4.40B | $1.95B | +79.92% |
| Q2 2022 | 2022-06-30 | $2.80B | −$1.52B | −35.25% |
| Q1 2022 | 2022-03-31 | $2.58B | $164.0M | +6.80% |
| Q4 2021 | 2021-12-31 | $3.07B | −$2.69B | −46.70% |
| Q3 2021 | 2021-09-30 | $2.44B | −$904.0M | −26.99% |
| Q2 2021 | 2021-06-30 | $4.32B | $2.24B | +107.24% |
| Q1 2021 | 2021-03-31 | $2.41B | $203.0M | +9.19% |
| Q4 2020 | 2020-12-31 | $5.75B | $3.35B | +139.75% |
| Q3 2020 | 2020-09-30 | $3.35B | $145.0M | +4.53% |
| Q2 2020 | 2020-06-30 | $2.08B | −$104.0M | −4.75% |
| Q1 2020 | 2020-03-31 | $2.21B | $278.0M | +14.40% |
| Q4 2019 | 2019-12-31 | $2.40B | $186.0M | +8.40% |
| Q3 2019 | 2019-09-30 | $3.20B | $1.14B | +54.93% |
| Q2 2019 | 2019-06-30 | $2.19B | −$85.0M | −3.74% |
| Q1 2019 | 2019-03-31 | $1.93B | −$1.26B | −39.58% |
| Q4 2018 | 2018-12-31 | $2.21B | −$100.0M | −4.32% |
| Q3 2018 | 2018-09-30 | $2.07B | −$2.35B | −53.14% |
| Q2 2018 | 2018-06-30 | $2.27B | $492.0M | +27.61% |
| Q1 2018 | 2018-03-31 | $3.20B | $1.37B | +74.64% |
| Q4 2017 | 2017-12-31 | $2.31B | −$2.47B | −51.66% |
| Q3 2017 | 2017-09-30 | $4.41B | $2.75B | +165.20% |
| Q2 2017 | 2017-06-30 | $1.78B | −$369.0M | −17.15% |
| Q1 2017 | 2017-03-31 | $1.83B | $171.0M | +10.31% |
| Q4 2016 | 2016-12-31 | $4.79B | $2.99B | +166.39% |
| Q3 2016 | 2016-09-30 | $1.66B | $164.0M | +10.93% |
| Q2 2016 | 2016-06-30 | $2.15B | $481.0M | +28.80% |
| Q1 2016 | 2016-03-31 | $1.66B | −$78.0M | −4.49% |
| Q4 2015 | 2015-12-31 | $1.80B | −$486.0M | −21.29% |
| Q3 2015 | 2015-09-30 | $1.50B | −$159.0M | −9.58% |
| Q2 2015 | 2015-06-30 | $1.67B | $6.0M | +0.36% |
| Q1 2015 | 2015-03-31 | $1.74B | $163.0M | +10.36% |
| Q4 2014 | 2014-12-31 | $2.28B | $448.0M | +24.41% |
| Q3 2014 | 2014-09-30 | $1.66B | −$1.0M | −0.06% |
| Q2 2014 | 2014-06-30 | $1.66B | −$437.0M | −20.80% |
| Q1 2014 | 2014-03-31 | $1.57B | −$333.0M | −17.46% |
| Q4 2013 | 2013-12-31 | $1.83B | −$388.0M | −17.45% |
| Q3 2013 | 2013-09-30 | $1.66B | −$258.0M | −13.45% |
| Q2 2013 | 2013-06-30 | $2.10B | −$64.0M | −2.96% |
| Q1 2013 | 2013-03-31 | $1.91B | $45.0M | +2.42% |
| Q4 2012 | 2012-12-31 | $2.22B | −$196.0M | −8.10% |
| Q3 2012 | 2012-09-30 | $1.92B | −$36.0M | −1.84% |
| Q2 2012 | 2012-06-30 | $2.17B | $229.0M | +11.83% |
| Q1 2012 | 2012-03-31 | $1.86B | −$296.0M | −13.72% |
| Q4 2011 | 2011-12-31 | $2.42B | −$2.14B | −46.94% |
| Q3 2011 | 2011-09-30 | $1.95B | −$368.0M | −15.85% |
| Q2 2011 | 2011-06-30 | $1.94B | −$243.0M | −11.15% |
| Q1 2011 | 2011-03-31 | $2.16B | $107.0M | +5.22% |
| Q4 2010 | 2010-12-31 | $4.56B | $2.59B | +131.25% |
| Q3 2010 | 2010-09-30 | $2.32B | $1.07B | +85.17% |
| Q2 2010 | 2010-06-30 | $2.18B | $783.7M | +56.17% |
| Q1 2010 | 2010-03-31 | $2.05B | $826.8M | +67.54% |
| Q4 2009 | 2009-12-31 | $1.97B | — | — |
| Q3 2009 | 2009-09-30 | $1.25B | $361.0M | +40.43% |
| Q2 2009 | 2009-06-30 | $1.40B | $489.3M | +54.01% |
| Q1 2009 | 2009-03-31 | $1.22B | — | — |
| Q3 2008 | 2008-09-30 | $893.0M | — | — |
| Q2 2008 | 2008-06-30 | $906.0M | — | — |
Merck & Co r&d spending trends
Over the last five fiscal years, Merck & Co's r&d spending increased from $13.40B to $15.79B, a change of $2.39B. The latest reported quarter, Q2 2026, shows $9.74B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Merck & Co source filings ↗