FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

MRK
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 14% to $16.1B.

CASH FROM OPS +11.6%
19,967 30.0% MGN
CAPITAL EXPENDITURE +3.4%
3,904
FREE CASH FLOW +13.8%
16,063
FCF / NET INCOME +220.5%
5.06× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
12,148 17,117 17,434 16,406 19,034 18,254 8,935 3,173 -64.5% -80.7% 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
741 761 780 793 802 820 810 892 +10.1% +12.5% 892
Cash from operations
18,264 21,468 20,878 18,534 17,065 16,472 17,890 19,967 +11.6% +7.7% 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
1.50× 1.25× 1.20× 1.13× 0.90× 0.90× 2.00× 6.29× +214.3% +457.0% 6.29×
Capital expenditures
(3,424) (3,372) (3,839) (3,812) (4,016) (4,112) (3,775) (3,904) +3.4% +2.4% (3,904)
Free cash flow
14,840 18,096 17,039 14,722 13,049 12,360 14,115 16,063 +13.8% +9.1% 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
23.5% 28.2% 26.7% 23.1% 20.3% 19.0% 21.5% 24.1% +12.4% +4.3% 24.1%
Cash from investing
-6,237 -7,734 -7,845 -7,546 -3,984 -13,741 -22,464 -27,296 — — -27,296
Dividends paid
7,741 7,840 7,940 8,031 8,109 8,176 8,231 8,298 +0.8% +3.3% 8,298
Share repurchases
1,210 1,306 2,348 3,442 4,321 5,084 4,794 4,206 -12.3% +22.2% 4,206
Debt repayment
754 1,290 3,039 3,039 3,040 2,503 1,143 1,148 +0.4% -62.2% 1,148
Cash from financing
-6,268 -7,032 -9,973 -14,745 -9,682 -1,922 852 6,170 7.2× — 6,170
Net change in cash
6,019 6,409 3,061 -3,300 3,572 1,372 -3,334 -1,182 — — -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
FROM14,115 CASH FROM OPERATIONS+2,077 CAPITAL EXPENDITURES-129 TO16,063
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-08-07 ↗