Filing Flows › Merck (MRK) › How it makes money
How Merck (MRK) makes money
Merck (MRK) made $18.1B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 31¢ was left as operating profit, 28¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $18.1B | 100.0% |
| Operating profit | $5.6B | 30.7% |
| Income tax | $492M | 2.7% |
| Net earnings | $5.1B | 28.0% |
| Operating cash flow | $6.6B | 36.3% |
| Free cash flow | $5.5B | 30.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $18.1B | +5% |
| Q2 2026 | $16.6B | +5% |
| Q1 2026 | $16.3B | +5% |
| Q4 2025 | $16.4B | +5% |
| Q3 2025 | $17.3B | +4% |
| Q2 2025 | $15.8B | -2% |
| Q1 2025 | $15.5B | -2% |
From Merck's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Merck make money?
Merck (MRK) made $18.1B of revenue in the third quarter 2026 (Q3 2026), +5% from a year earlier. Of every dollar of revenue, 31¢ was left as operating profit, 28¢ was left as net earnings.
What is Merck's profit margin?
Net earnings were $5.1B, 28.0% of revenue, in the third quarter 2026; the operating margin was 30.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.