FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

MRK
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 53% to $4.5B.

CASH FROM OPS +37.1%
5,370 32.3% MGN
CAPITAL EXPENDITURE -9.9%
893
FREE CASH FLOW +53.0%
4,477
FCF / NET INCOME —
— TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
3,157 3,743 5,079 4,427 5,785 2,963 -4,240 -1,335 — — 3,173 2024-09-30 · $3.2B2024-12-31 · $3.7B2025-03-31 · $5.1B2025-06-30 · $4.4B2025-09-30 · $5.8B2025-12-31 · $3.0B2026-03-31 · -$4.2B2026-06-30 · -$1.3B
Stock-based comp
195 187 195 216 204 205 185 298 +61.1% +38.0% 892
Cash from operations
9,291 3,450 2,500 3,293 7,822 2,857 3,918 5,370 +37.1% +63.1% 19,967 2024-09-30 · $9.3B2024-12-31 · $3.5B2025-03-31 · $2.5B2025-06-30 · $3.3B2025-09-30 · $7.8B2025-12-31 · $2.9B2026-03-31 · $3.9B2026-06-30 · $5.4B
Cash conversion
NOT DISCLOSED
2.94× 0.92× 0.49× 0.74× 1.35× 0.96× — — — — 6.29×
Capital expenditures
(783) (937) (1,328) (764) (987) (1,033) (991) (893) -9.9% +16.9% (3,904)
Free cash flow
8,508 2,513 1,172 2,529 6,835 1,824 2,927 4,477 +53.0% +77.0% 16,063 2024-09-30 · $8.5B2024-12-31 · $2.5B2025-03-31 · $1.2B2025-06-30 · $2.5B2025-09-30 · $6.8B2025-12-31 · $1.8B2026-03-31 · $2.9B2026-06-30 · $4.5B
FCF margin
51.1% 16.1% 7.5% 16.0% 39.6% 11.1% 18.0% 27.0% +50.0% +68.5% 24.1%
Cash from investing
-3,845 -1,444 -1,487 -770 -283 -11,201 -10,210 -5,602 — — -27,296
Dividends paid
1,953 1,951 2,050 2,077 2,031 2,018 2,105 2,144 +1.9% +3.2% 8,298
Share repurchases
444 489 1,164 1,345 1,323 1,252 874 757 -13.4% -43.7% 4,206
Debt repayment
0 539 2,500 0 1 2 1,140 5 -99.6% — 1,148
Cash from financing
-2,425 -3,009 -5,755 -3,556 2,638 4,751 -2,981 1,762 — — 6,170
Net change in cash
3,315 -1,370 -4,586 -659 10,187 -3,570 -9,292 1,493 — — -1,182
Ending cash balance
14,593 13,242 8,629 8,007 18,169 14,565 5,327 6,849 +28.6% -14.5% 6,849

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,927 CASH FROM OPERATIONS+1,452 CAPITAL EXPENDITURES+98 TO4,477
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-07 ↗