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Merck (MRK) capital expenditures by quarter

Merck's capital expenditures were $1.0B in Q3 2026 (third quarter 2026), +16% from Q2 2026. Over the last 7 quarters it ranged from $764M (Q2 2025) to $1.3B (Q1 2025).

Merck capital expenditures by quarterMerck capital expenditures by quarter$1.3BQ1 2025$764MQ2 2025$987MQ3 2025$1.0BQ4 2025$991MQ1 2026$893MQ2 2026$1.0BQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$1.0B+16%+5%
Q2 2026$893M-10%+17%
Q1 2026$991M-4%-25%
Q4 2025$1.0B+5%—
Q3 2025$987M+29%—
Q2 2025$764M-42%—
Q1 2025$1.3B——

Q3 2026 at a glance

Merck, Q3 2026: revenue $18.1B (+5% year over year), operating margin 30.7%, net earnings $5.1B, operating cash flow $6.6B. The chart follows the revenue to costs, profit and cash.

Questions

What is Merck's capital expenditures?

Merck's capital expenditures were $1.0B in Q3 2026 (third quarter 2026), +16% from Q2 2026.

How has Merck's capital expenditures changed?

Over the last 7 quarters it ranged from $764M (Q2 2025) to $1.3B (Q1 2025).

Q3 2026 results → · How Merck makes money →