Merck & Co annual return on equity
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Merck & Co Return on Equity (ROE) Growth & History (MRK)
Merck & Co's return on equity was 36.91% for fiscal 2025.
View full Merck & Co company overviewMerck & Co annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.91% | −3.90 pp |
| 2024 | 2024-12-31 | 40.81% | +39.93 pp |
| 2023 | 2023-12-31 | 0.87% | −33.62 pp |
| 2022 | 2022-12-31 | 34.50% | −6.60 pp |
| 2021 | 2021-12-31 | 41.10% | +13.51 pp |
| 2020 | 2020-12-31 | 27.59% | −9.83 pp |
| 2019 | 2019-12-31 | 37.42% | +17.04 pp |
| 2018 | 2018-12-31 | 20.38% | +13.95 pp |
| 2017 | 2017-12-31 | 6.43% | −2.82 pp |
| 2016 | 2016-12-31 | 9.25% | −0.27 pp |
| 2015 | 2015-12-31 | 9.52% | −14.71 pp |
| 2014 | 2014-12-31 | 24.22% | +15.66 pp |
| 2013 | 2013-12-31 | 8.57% | −2.90 pp |
| 2012 | 2012-12-31 | 11.47% | −0.05 pp |
| 2011 | 2011-12-31 | 11.52% | +10.00 pp |
| 2010 | 2010-12-31 | 1.52% | −31.63 pp |
| 2009 | 2009-12-31 | 33.15% | −6.53 pp |
| 2008 | 2008-12-31 | 39.69% | — |
Merck & Co quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −3.04% | −12.14 pp |
| Q1 2026 | 2026-03-31 | −8.61% | −19.34 pp |
| Q4 2025 | 2025-12-31 | 5.67% | −2.57 pp |
| Q3 2025 | 2025-09-30 | 11.47% | +4.31 pp |
| Q2 2025 | 2025-06-30 | 9.10% | −3.90 pp |
| Q1 2025 | 2025-03-31 | 10.73% | −1.49 pp |
| Q4 2024 | 2024-12-31 | 8.24% | +11.35 pp |
| Q3 2024 | 2024-09-30 | 7.17% | −4.70 pp |
| Q2 2024 | 2024-06-30 | 13.00% | +26.97 pp |
| Q1 2024 | 2024-03-31 | 12.22% | +6.14 pp |
| Q4 2023 | 2023-12-31 | −3.11% | −9.78 pp |
| Q3 2023 | 2023-09-30 | 11.87% | +4.46 pp |
| Q2 2023 | 2023-06-30 | −13.97% | −23.35 pp |
| Q1 2023 | 2023-03-31 | 6.08% | −4.82 pp |
| Q4 2022 | 2022-12-31 | 6.67% | −3.49 pp |
| Q3 2022 | 2022-09-30 | 7.41% | −5.81 pp |
| Q2 2022 | 2022-06-30 | 9.38% | +4.25 pp |
| Q1 2022 | 2022-03-31 | 10.90% | −1.26 pp |
| Q4 2021 | 2021-12-31 | 10.16% | +17.85 pp |
| Q3 2021 | 2021-09-30 | 13.22% | +2.87 pp |
| Q2 2021 | 2021-06-30 | 5.13% | −6.02 pp |
| Q1 2021 | 2021-03-31 | 12.17% | −0.19 pp |
| Q4 2020 | 2020-12-31 | −7.69% | −16.62 pp |
| Q3 2020 | 2020-09-30 | 10.35% | +3.37 pp |
| Q2 2020 | 2020-06-30 | 11.15% | +1.47 pp |
| Q1 2020 | 2020-03-31 | 12.35% | +1.61 pp |
| Q4 2019 | 2019-12-31 | 8.94% | +2.76 pp |
| Q3 2019 | 2019-09-30 | 6.98% | +0.98 pp |
| Q2 2019 | 2019-06-30 | 9.68% | +4.52 pp |
| Q1 2019 | 2019-03-31 | 10.75% | +8.58 pp |
| Q4 2018 | 2018-12-31 | 6.18% | +9.07 pp |
| Q3 2018 | 2018-09-30 | 6.00% | +6.15 pp |
| Q2 2018 | 2018-06-30 | 5.16% | +0.25 pp |
| Q1 2018 | 2018-03-31 | 2.16% | −1.72 pp |
| Q4 2017 | 2017-12-31 | −2.88% | −1.47 pp |
| Q3 2017 | 2017-09-30 | −0.14% | −5.16 pp |
| Q2 2017 | 2017-06-30 | 4.91% | +2.14 pp |
| Q1 2017 | 2017-03-31 | 3.88% | +1.34 pp |
| Q4 2016 | 2016-12-31 | −1.42% | −3.58 pp |
| Q3 2016 | 2016-09-30 | 5.01% | +1.05 pp |
| Q2 2016 | 2016-06-30 | 2.76% | +1.31 pp |
| Q1 2016 | 2016-03-31 | 2.54% | +0.57 pp |
| Q4 2015 | 2015-12-31 | 2.16% | −13.42 pp |
| Q3 2015 | 2015-09-30 | 3.97% | +2.06 pp |
| Q2 2015 | 2015-06-30 | 1.46% | −2.62 pp |
| Q1 2015 | 2015-03-31 | 1.98% | −1.44 pp |
| Q4 2014 | 2014-12-31 | 15.59% | +13.98 pp |
| Q3 2014 | 2014-09-30 | 1.91% | −0.46 pp |
| Q2 2014 | 2014-06-30 | 4.08% | +2.27 pp |
| Q1 2014 | 2014-03-31 | 3.42% | +0.41 pp |
| Q4 2013 | 2013-12-31 | 1.61% | −0.06 pp |
| Q3 2013 | 2013-09-30 | 2.37% | −0.75 pp |
| Q2 2013 | 2013-06-30 | 1.80% | −1.46 pp |
| Q1 2013 | 2013-03-31 | 3.00% | −0.17 pp |
| Q4 2012 | 2012-12-31 | 1.67% | −1.09 pp |
| Q3 2012 | 2012-09-30 | 3.12% | +0.06 pp |
| Q2 2012 | 2012-06-30 | 3.26% | −0.43 pp |
| Q1 2012 | 2012-03-31 | 3.18% | +1.26 pp |
| Q4 2011 | 2011-12-31 | 2.76% | +3.73 pp |
| Q3 2011 | 2011-09-30 | 3.06% | +2.44 pp |
| Q2 2011 | 2011-06-30 | 3.68% | +2.35 pp |
| Q1 2011 | 2011-03-31 | 1.92% | +1.41 pp |
| Q4 2010 | 2010-12-31 | −0.97% | −19.02 pp |
| Q3 2010 | 2010-09-30 | 0.62% | −26.85 pp |
| Q2 2010 | 2010-06-30 | 1.33% | −8.78 pp |
| Q1 2010 | 2010-03-31 | 0.51% | — |
| Q4 2009 | 2009-12-31 | 18.05% | — |
| Q3 2009 | 2009-09-30 | 27.47% | — |
| Q2 2009 | 2009-06-30 | 10.11% | — |
Merck & Co return on equity trends
Over the last five fiscal years, Merck & Co's return on equity increased from 27.59% to 36.91%, a change of +9.31 percentage points. The latest reported quarter, Q2 2026, shows −3.04%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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