Merck & Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	60,115	59,283	48,704	41,518	39,121	Upgrade
Revenue Growth (YoY)	1.40%	21.72%	17.31%	6.13%	-7.50%	Upgrade
Cost of Revenue	16,126	17,411	13,626	13,618	12,016	Upgrade
Gross Profit	43,989	41,872	35,078	27,900	27,105	Upgrade
Selling, General & Admin	10,504	10,042	9,634	8,955	9,455	Upgrade
Research & Development	30,531	13,548	12,245	13,397	9,724	Upgrade
Other Operating Expenses	599	337	661	575	626	Upgrade
Operating Expenses	41,634	23,927	22,540	22,927	19,805	Upgrade
Operating Income	2,355	17,945	12,538	4,973	7,300	Upgrade
Interest Expense / Income	1,146	962	806	831	893	Upgrade
Other Expense / Income	-668	546	-2,838	-4,265	-5,001	Upgrade
Pretax Income	1,877	16,437	14,570	8,407	11,408	Upgrade
Income Tax	1,512	1,918	1,521	1,340	1,565	Upgrade
Net Income	365	14,519	13,049	7,067	9,843	Upgrade
Net Income Growth	-97.49%	11.27%	84.65%	-28.20%	58.25%	Upgrade
Shares Outstanding (Basic)	2,537	2,532	2,530	2,530	2,565	Upgrade
Shares Outstanding (Diluted)	2,547	2,542	2,538	2,541	2,580	Upgrade
Shares Change	0.20%	0.16%	-0.12%	-1.51%	-3.70%	Upgrade
EPS (Basic)	0.14	5.73	5.16	2.79	3.84	Upgrade
EPS (Diluted)	0.14	5.71	5.14	2.78	3.81	Upgrade
EPS Growth	-97.55%	11.09%	84.89%	-27.03%	64.22%	Upgrade
Free Cash Flow	9,143	14,707	9,661	5,824	10,071	Upgrade
Free Cash Flow Per Share	3.60	5.81	3.82	2.30	3.93	Upgrade
Dividend Per Share	2.960	2.800	2.640	2.480	2.260	Upgrade
Dividend Growth	5.71%	6.06%	6.45%	9.73%	13.57%	Upgrade
Gross Margin	73.17%	70.63%	72.02%	67.20%	69.29%	Upgrade
Operating Margin	3.92%	30.27%	25.74%	11.98%	18.66%	Upgrade
Profit Margin	0.61%	24.49%	26.79%	17.02%	25.16%	Upgrade
Free Cash Flow Margin	15.21%	24.81%	19.84%	14.03%	25.74%	Upgrade
Effective Tax Rate	80.55%	11.67%	10.44%	15.94%	13.72%	Upgrade
EBITDA	6,895	21,308	18,590	12,724	15,611	Upgrade
EBITDA Margin	11.47%	35.94%	38.17%	30.65%	39.90%	Upgrade
Depreciation & Amortization	3,872	3,909	3,214	3,486	3,310	Upgrade
EBIT	3,023	17,399	15,376	9,238	12,301	Upgrade
EBIT Margin	5.03%	29.35%	31.57%	22.25%	31.44%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).