Company-level financial information

Merck & Co., Inc.

Selected annual earnings and cash-flow facts from SEC filings. Each row identifies its exact reporting period and original filing.

Annual net income

202020212022202320242025

Reported annual periods; USD. Negative values extend below the baseline.

Selected annual US-GAAP cash-flow and earnings facts · USD
Reporting periodMeasureUSD millionsFiling
Dec 31, 2025From Jan 1, 2025Operating cash flow16,472.0SEC filingFeb 24, 2026
Dec 31, 2025From Jan 1, 2025Net income18,254.0SEC filingFeb 24, 2026
Dec 31, 2025From Jan 1, 2025Common-stock cash dividends8,176.0SEC filingFeb 24, 2026
Dec 31, 2025From Jan 1, 2025Capital expenditures (PP&E)4,112.0SEC filingFeb 24, 2026
Dec 31, 2024From Jan 1, 2024Operating cash flow21,468.0SEC filingFeb 24, 2026
Dec 31, 2024From Jan 1, 2024Net income17,117.0SEC filingFeb 24, 2026
Dec 31, 2024From Jan 1, 2024Common-stock cash dividends7,840.0SEC filingFeb 24, 2026
Dec 31, 2024From Jan 1, 2024Capital expenditures (PP&E)3,372.0SEC filingFeb 24, 2026
Dec 31, 2023From Jan 1, 2023Operating cash flow13,006.0SEC filingFeb 24, 2026
Dec 31, 2023From Jan 1, 2023Net income365.0SEC filingFeb 24, 2026
Dec 31, 2023From Jan 1, 2023Common-stock cash dividends7,445.0SEC filingFeb 24, 2026
Dec 31, 2023From Jan 1, 2023Capital expenditures (PP&E)3,863.0SEC filingFeb 24, 2026
Dec 31, 2022From Jan 1, 2022Operating cash flow19,095.0SEC filingFeb 25, 2025
Dec 31, 2022From Jan 1, 2022Net income14,519.0SEC filingFeb 25, 2025
Dec 31, 2022From Jan 1, 2022Common-stock cash dividends7,012.0SEC filingFeb 25, 2025
Dec 31, 2022From Jan 1, 2022Capital expenditures (PP&E)4,388.0SEC filingFeb 25, 2025
Dec 31, 2021From Jan 1, 2021Net income13,049.0SEC filingFeb 26, 2024
Dec 31, 2021From Jan 1, 2021Common-stock cash dividends6,610.0SEC filingFeb 26, 2024
Dec 31, 2021From Jan 1, 2021Capital expenditures (PP&E)4,448.0SEC filingFeb 26, 2024
Dec 31, 2020From Jan 1, 2020Operating cash flow10,253.0SEC filingFeb 25, 2021
Dec 31, 2020From Jan 1, 2020Net income7,067.0SEC filingFeb 24, 2023
Dec 31, 2020From Jan 1, 2020Common-stock cash dividends6,215.0SEC filingFeb 24, 2023
Dec 31, 2019From Jan 1, 2019Operating cash flow13,440.0SEC filingFeb 25, 2021
Dec 31, 2019From Jan 1, 2019Net income9,843.0SEC filingFeb 25, 2022
Dec 31, 2019From Jan 1, 2019Common-stock cash dividends5,695.0SEC filingFeb 25, 2022

Latest filed value per tag and exact annual period, within the last seven years. Common-stock and total cash dividends are separate measures; do not add them together. These selected facts are not a complete financial statement.