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Merck & Co., Inc. Income Tax Expense 2007-2026 | MRK

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What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is Merck & Co., Inc.'s current income tax expense?

Merck & Co., Inc. (MRK) annual income tax expense for 2025 was $2.80B, a 0.04% increase from 2024. Merck & Co., Inc. income tax expense for the quarter ending March 31, 2026 was $709.0M.

What was Merck & Co., Inc.'s income tax expense in 2024?

Merck & Co., Inc. annual income tax expense for 2024 was $2.80B, a 85.38% increase from 2023.

What was Merck & Co., Inc.'s income tax expense in 2023?

Merck & Co., Inc. annual income tax expense for 2023 was $1.51B, a 21.17% decline from 2022.

What is Merck & Co., Inc.'s 5-year income tax expense CAGR?

Merck & Co., Inc. income tax expense grew at a compound annual growth rate (CAGR) of 15.91% from FY2020 to FY2025, going from $1.34B to $2.80B over 5 years.

Income Tax Expense History

Year-over-year comparison from 10-K annual reports

Key Statistics
Trend Direction
Stable
CAGR+15.9%
FY2020
$1.34B
→
FY2025
$2.80B
07080910111213141516171819202122232425
5 years selected
Income Tax Expense History
PeriodValueChangeSource
FY2025$2.80B+0.0%10-K
FY2024$2.80B+85.4%10-K
FY2023$1.51B-21.2%10-K
FY2022$1.92B+26.1%10-K
FY2021$1.52B+13.5%10-K
FY2020$1.34B-14.4%10-K
FY2019$1.56B-37.6%10-K
FY2018$2.51B-38.9%10-K
FY2017$4.10B+471.4%10-K
FY2016$718.0M-23.8%10-K
FY2015$942.0M-82.4%10-K
FY2014$5.35B+420.3%10-K
FY2013$1.03B-57.9%10-K
FY2012$2.44B+159.0%10-K
FY2011$942.0M+40.4%10-K
FY2010$671.0M-70.4%10-K
FY2009$2.27B+13.5%10-K
FY2008$2.00B+1997.6%10-K
FY2007$95.3M-10-K
Company: Merck & Co., Inc.Ticker: MRKSector: HealthcareIndustry: Pharmaceutical PreparationsView company profile →