Merck & Co., Inc.

MRK Healthcare Drug Manufacturers General

Merck & Co., Inc.’s revenue for fiscal 2025 (year ended December 2025) was $65.0 billion, up 1.31% from fiscal 2024.

Revenue
+4.68%
EPS
−130.7%
Free cash flow
+77.0%
Total debt
+50.4%

Quarter to September 2026, against a year earlier

146.92 3.44 −2.29%
Market cap
$362.5B
P/E
118×
Fwd P/E
109×
Dividend yield
2.31%
F-score
4/9
Altman Z
3.77
Beneish M
−2.27
Dividend safety
74/100

Merck & Co., Inc. (MRK) Shares outstanding

Alert me on Shares outstanding

Merck & Co., Inc.'s shares outstanding at the end of fiscal 2025 was $2.5B, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $2.5B. Over the past ten years it has ranged from $2.5B (fiscal 2025) to $2.8B (fiscal 2015) — the current reading is the lowest in ten years. Merck & Co., Inc. ranks 3rd of 20 Drug Manufacturers General companies by shares outstanding.

Shares outstanding, annual

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Annual newest first

Period Shares outstanding Change
FY2025 $2.5B (1.34%)
FY2024 $2.5B (0.24%)
FY2023 $2.5B 0.20%
FY2022 $2.5B 0.16%
FY2021 $2.5B (0.12%)
FY2020 $2.5B (1.51%)
FY2019 $2.6B (3.70%)
FY2018 $2.7B (2.51%)
FY2017 $2.7B (1.40%)
FY2016 $2.8B (1.90%)

Quarterly newest first

Period Shares outstanding Change
Sep 2026 $2.5B 0.32%
Jun 2026 $2.5B (0.08%)
Mar 2026 $2.5B (1.40%)
Dec 2025 $2.5B 0.36%
43 more quarters

Against its own ten years

Low $2.5B High $2.8B
Ten-year median $2.5B
Current reading's percentile 9

Shares outstanding against peers

What Shares outstanding is

Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.

Reported line item

The full definition of Shares outstanding →

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