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Merck & Co., Inc. (MRK)

141.82 +1.21 (+0.86%)
At close: October 27 at 4:00:02 PM EDT
140.55 -1.29 (-0.91%)
Pre-Market: 9:10:57 AM EDT
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MRK Q3 2026 earnings call
October 29, 2026 at 9 AM EDT
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19m ago
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Merck heads into its October 29, 2026, third-quarter earnings reportwith strong oncology pipeline data but rising concern about Keytruda’s eventual loss of exclusivity. Management’s latest outlook calls for 2026 revenue of $66.3 billion to $67.3 billion, while investors focus on U.S. Keytruda growth, newer-product momentum, and upcoming regulatory milestones.

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  • Previous Close 140.61
  • Open 140.22
  • Bid --
  • Ask 140.85 x 10000
  • Day's Range 139.83 - 142.69
  • 52 Week Range 82.01 - 156.92
  • Volume 9,045,637
  • Avg. Volume 10,193,984
  • Market Cap (intraday) 349.894B
  • Beta (5Y Monthly) 0.22
  • PE Ratio (TTM) 112.56
  • EPS (TTM) 1.26
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield 3.40 (2.40%)
  • 1y Target Est 159.76
  • Morningstar Rating Rating available with Stock Picks access

Merck & Co., Inc. operates as a healthcare company worldwide. It offers human health pharmaceutical for various areas under the Keytruda, Keytruda Qlex, Welireg, Gardasil, ProQuad, M-M-R II, Varivax, Vaxneuvance, Capvaxive, RotaTeq, Pneumovax 23, Bridion, Prevymis, Dificid, Zerbaxa, Winrevair, Adempas/ Verquvo, Ohtuvayre, Lagevrio, Isentress/Isentress HD, Delstrigo, Pifeltro, Belsomra, Januvia, and Janumet brands. The company also provides veterinary pharmaceuticals, vaccines and health management solutions and services, such as livestock products under the Nuflor, Bovilis/Vista, Bovilis Cryptium, Banamine, Estrumate, Matrix, Resflor, Zuprevo, Revalor, Safe-Guard, M+Pac, Porcilis, Circumvent, Nobilis/Innovax, Paracox and Coccivac, Exzolt, Slice, Imvixa, Clynav, Aquavac/Norvax, Aquaflor, Flexolt brands; Allflex Livestock Intelligence solutions; and companion animal products under the Bravecto One-Month, Bravecto Injectable/Quantum, Bravecto TriUNO, Bravecto Plus, Sentinel Spectrum, Sentinel Flavor Tabs, Numelvi, Optimmune, Nobivac NXT, GilvetMab, Otomax, Mometamax, Mometamax Ultra, Posatex, Caninsulin/Vetsulin, Panacur, Safeguard, Regumate, Prestige, Scalibor/Exspot, Sure Petcare, and Home Again brands. It has development and commercialization agreement for three of Daiichi Sankyo's deruxtecan ADC candidates; AstraZeneca PLC to co-development and co-commercialize AstraZeneca's Lynparza products for multiple cancer types; licensed to develop, manufacture and commercialize LM-299, a novel investigational PD-1/VEGF bispecific antibody from LaNova; and collaboration agreement with Eisai Co., Ltd., Bayer AG, and Ridgeback Biotherapeutics LP, as well Moderna, Inc. Merck & Co., Inc. has strategic collaboration with Infinimmune, Inc. to discover and develop antibodies against multiple therapeutic targets. The company was founded in 1891 and is headquartered in Rahway, New Jersey.

www.merck.com

73,000

Full Time Employees

December 31

Fiscal Year Ends

Healthcare

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/27/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

MRK
37.51%
S&P 500 (^GSPC)
12.81%

1-Year Return

MRK
65.89%
S&P 500 (^GSPC)
12.33%

3-Year Return

MRK
51.14%
S&P 500 (^GSPC)
87.56%

5-Year Return

MRK
102.67%
S&P 500 (^GSPC)
69.66%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 16.61B
Earnings -1.33B
Profit Margin -8.04%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
5B
10B
15B
-20.0%
0.0%
20.0%

Analyst Insights

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Analyst Price Targets

105.00 Low
159.76 Average
141.82 Current
186.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/26/2026
Analyst Barclays
Rating Action Maintains
Rating Overweight
Price Action Raises
Price Target 150 -> 180

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    4.77%

  • Return on Assets (ttm)

    11.87%

  • Return on Equity (ttm)

    6.96%

  • Revenue (ttm)

    66.57B

  • Net Income Avi to Common (ttm)

    3.17B

  • Diluted EPS (ttm)

    1.26

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    7.14B

  • Total Debt/Equity (mrq)

    128.41%

  • Levered Free Cash Flow (ttm)

    15.17B

Company Insights

Research Reports

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