Filing Flows › Merck (MRK) › Operating margin
Merck (MRK) operating margin by quarter
Merck's operating margin was 30.7% in Q3 2026 (third quarter 2026), +9.9 pts from Q4 2025. Over the last 5 quarters it ranged from 20.9% (Q4 2025) to 39.0% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 30.7% | +9.9 pts | -8.3 pts |
| Q4 2025 | 20.9% | -18.2 pts | — |
| Q3 2025 | 39.0% | +7.4 pts | — |
| Q2 2025 | 31.6% | -6.4 pts | — |
| Q1 2025 | 38.0% | — | — |
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 operating margin?
Merck's operating margin was 30.7% in Q3 2026 (third quarter 2026), +9.9 pts from Q4 2025.
How has Merck's operating margin changed?
Over the last 5 quarters it ranged from 20.9% (Q4 2025) to 39.0% (Q3 2025).