67/100B146.710
USD
-0.21
(-0.14%)
Pre Open·149.010USD+2.300(+1.57%)
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 1.78Revenue estimate 16.29B
Q4 FY2026 · Earnings report
EPS estimate 1.78Revenue estimate 16.29B
Merck & Co return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
Merck & Co's return on equity is 5.46%: net income of 2.45B USD over the last twelve months on shareholders' equity of 44.89B USD.
- Today
- 5.46%
- Average, 5 years
- 24.60%
- Low, 5 years
- 0.97%
- High, 5 years
- 38.51%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 2.45B ÷ 44.89B = 5.46%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
Why is Merck & Co's return on equity so high?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
Net margin
28.1%
profit on each dollar of sales
×
Asset turnover
0.47×
sales on each dollar of assets
×
Equity multiplier
2.60×
assets on each dollar of equity
=
Return on equity
34.7%
FY2025
- FY202528.1% × 0.47 × 2.60 = 34.7%
- FY202426.7% × 0.55 × 2.53 = 37.0%
- FY20230.6% × 0.56 × 2.84 = 1.0%
- FY202224.5% × 0.54 × 2.37 = 31.6%
- FY202126.8% × 0.46 × 2.77 = 34.2%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 5.46% | 2.45B | 44.89B | |
| FY2025 | 31 Dec 2025 | 34.70% | 18.25B | 52.61B |
| FY2024 | 31 Dec 2024 | 36.99% | 17.13B | 46.31B |
| FY2023 | 31 Dec 2023 | 0.97% | 365.00M | 37.58B |
| FY2022 | 31 Dec 2022 | 31.58% | 14.53B | 45.99B |
| FY2021 | 31 Dec 2021 | 32.36% | 12.36B | 38.18B |
| FY2020 | 31 Dec 2020 | 27.97% | 7.08B | 25.32B |
| FY2019 | 31 Dec 2019 | 37.74% | 9.78B | 25.91B |
| FY2018 | 31 Dec 2018 | 23.19% | 6.19B | 26.70B |
| FY2017 | 31 Dec 2017 | 7.04% | 2.42B | 34.34B |
| FY2016 | 31 Dec 2016 | 9.83% | 3.94B | 40.09B |
| FY2015 | 31 Dec 2015 | 9.98% | 4.46B | 44.68B |
| FY2014 | 31 Dec 2014 | 24.53% | 11.93B | 48.65B |
| FY2013 | 31 Dec 2013 | 9.08% | 4.52B | 49.77B |
| FY2012 | 31 Dec 2012 | 11.88% | 6.30B | 53.02B |
| FY2011 | 31 Dec 2011 | 11.72% | 6.39B | 54.52B |
| FY2010 | 31 Dec 2010 | 1.81% | 982.00M | 54.38B |
| FY2009 | 31 Dec 2009 | 22.05% | 13.02B | 59.06B |
| FY2008 | 31 Dec 2008 | 41.63% | 7.81B | 18.76B |
| FY2007 | 31 Dec 2007 | 18.01% | 3.28B | 18.18B |
| FY2006 | 31 Dec 2006 | 25.25% | 4.43B | 17.56B |
| FY2005 | 31 Dec 2005 | 25.76% | 4.63B | 17.98B |
| FY2004 | 31 Dec 2004 | 33.63% | 5.81B | 17.29B |
| FY2003 | 31 Dec 2003 | 43.85% | 6.83B | 15.58B |
| FY2002 | 31 Dec 2002 | 39.28% | 7.15B | 18.20B |
| FY2001 | 31 Dec 2001 | 45.37% | 7.28B | 16.05B |
| FY2000 | 31 Dec 2000 | 45.99% | 6.82B | 14.83B |
| FY1999 | 31 Dec 1999 | 44.48% | 5.89B | 13.24B |
| FY1998 | 31 Dec 1998 | 41.00% | 5.25B | 12.80B |
| FY1997 | 31 Dec 1997 | 36.64% | 4.61B | 12.59B |
| FY1996 | 31 Dec 1996 | 32.42% | 3.88B | 11.97B |
| FY1995 | 31 Dec 1995 | 28.42% | 3.34B | 11.74B |
| FY1994 | 31 Dec 1994 | 26.91% | 3.00B | 11.14B |
| FY1993 | 31 Dec 1993 | 21.62% | 2.17B | 10.02B |
| FY1992 | 31 Dec 1992 | 48.90% | 2.45B | 5.00B |
| FY1991 | 31 Dec 1991 | 43.16% | 2.12B | 4.92B |
| FY1990 | 31 Dec 1990 | 46.45% | 1.78B | 3.83B |
| FY1989 | 31 Dec 1989 | 42.48% | 1.50B | 3.52B |
| FY1988 | 31 Dec 1988 | 42.26% | 1.21B | 2.86B |
| FY1987 | 31 Dec 1987 | 42.82% | 906.40M | 2.12B |
| FY1986 | 31 Dec 1986 | 26.30% | 675.70M | 2.57B |
| FY1985 | 31 Dec 1985 | 20.50% | 539.90M | 2.63B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 5.46% | 2.45B | 44.89B |
| Q2 FY2026 | 30 Jun 2026 | 7.56% | 3.17B | 41.93B |
| Q1 FY2026 | 31 Mar 2026 | 19.48% | 8.94B | 45.88B |
| Q4 FY2025 | 31 Dec 2025 | 34.72% | 18.26B | 52.61B |
| Q3 FY2025 | 30 Sept 2025 | 36.73% | 19.05B | 51.85B |
| Q2 FY2025 | 30 Jun 2025 | 33.51% | 16.42B | 48.99B |
| Q1 FY2025 | 31 Mar 2025 | 36.10% | 17.45B | 48.34B |
| Q4 FY2024 | 31 Dec 2024 | 36.99% | 17.13B | 46.31B |
| Q3 FY2024 | 30 Sept 2024 | 27.33% | 12.16B | 44.50B |
| Q2 FY2024 | 30 Jun 2024 | 31.54% | 13.75B | 43.58B |
| Q1 FY2024 | 31 Mar 2024 | 5.73% | 2.31B | 40.36B |
| Q4 FY2023 | 31 Dec 2023 | 0.97% | 365.00M | 37.58B |
| Q3 FY2023 | 30 Sept 2023 | 11.17% | 4.61B | 41.25B |
| Q2 FY2023 | 30 Jun 2023 | 8.05% | 3.12B | 38.69B |
| Q1 FY2023 | 31 Mar 2023 | 27.84% | 13.04B | 46.83B |
| Q4 FY2022 | 31 Dec 2022 | 31.58% | 14.53B | 45.99B |
| Q3 FY2022 | 30 Sept 2022 | 34.49% | 15.33B | 44.46B |
| Q2 FY2022 | 30 Jun 2022 | 38.51% | 16.65B | 43.24B |
| Q1 FY2022 | 31 Mar 2022 | 32.97% | 13.48B | 40.88B |
| Q4 FY2021 | 31 Dec 2021 | 31.22% | 11.92B | 38.18B |
| Q3 FY2021 | 30 Sept 2021 | 16.78% | 6.01B | 35.79B |
| Q2 FY2021 | 30 Jun 2021 | 13.15% | 4.38B | 33.29B |
| Q1 FY2021 | 31 Mar 2021 | 24.54% | 6.61B | 26.95B |
| Q4 FY2020 | 31 Dec 2020 | 27.97% | 7.08B | 25.32B |
| Q3 FY2020 | 30 Sept 2020 | 39.53% | 11.54B | 29.19B |
| Q2 FY2020 | 30 Jun 2020 | 37.99% | 10.50B | 27.64B |
| Q1 FY2020 | 31 Mar 2020 | 38.67% | 10.13B | 26.21B |
| Q4 FY2019 | 31 Dec 2019 | 37.74% | 9.78B | 25.91B |
| Q3 FY2019 | 30 Sept 2019 | 34.25% | 9.19B | 26.84B |
| Q2 FY2019 | 30 Jun 2019 | 33.44% | 9.24B | 27.64B |
| Q1 FY2019 | 31 Mar 2019 | 30.19% | 8.31B | 27.54B |
| Q4 FY2018 | 31 Dec 2018 | 23.19% | 6.19B | 26.70B |
| Q3 FY2018 | 30 Sept 2018 | 10.42% | 3.38B | 32.42B |
| Q2 FY2018 | 30 Jun 2018 | 4.21% | 1.37B | 32.53B |
| Q1 FY2018 | 31 Mar 2018 | 4.76% | 1.60B | 33.67B |
| Q4 FY2017 | 31 Dec 2017 | 7.04% | 2.42B | 34.34B |
| Q3 FY2017 | 30 Sept 2017 | 7.50% | 2.87B | 38.25B |
| Q2 FY2017 | 30 Jun 2017 | 12.95% | 5.11B | 39.46B |
| Q1 FY2017 | 31 Mar 2017 | 10.96% | 4.37B | 39.84B |
| Q4 FY2016 | 31 Dec 2016 | 9.83% | 3.94B | 40.09B |
| Q3 FY2016 | 30 Sept 2016 | 12.60% | 5.51B | 43.74B |
| Q2 FY2016 | 30 Jun 2016 | 11.88% | 5.15B | 43.36B |
| Q1 FY2016 | 31 Mar 2016 | 10.57% | 4.63B | 43.81B |
| Q4 FY2015 | 31 Dec 2015 | 9.98% | 4.46B | 44.68B |
| Q3 FY2015 | 30 Sept 2015 | 23.70% | 10.80B | 45.59B |
| Q2 FY2015 | 30 Jun 2015 | 21.13% | 9.82B | 46.45B |
| Q1 FY2015 | 31 Mar 2015 | 23.37% | 11.16B | 47.77B |
| Q4 FY2014 | 31 Dec 2014 | 24.53% | 11.93B | 48.65B |
| Q3 FY2014 | 30 Sept 2014 | 11.99% | 5.42B | 45.22B |
| Q2 FY2014 | 30 Jun 2014 | 11.85% | 5.73B | 48.36B |
| Q1 FY2014 | 31 Mar 2014 | 9.27% | 4.63B | 49.98B |
| Q4 FY2013 | 31 Dec 2013 | 9.08% | 4.52B | 49.77B |
| Q3 FY2013 | 30 Sept 2013 | 9.81% | 4.65B | 47.42B |
| Q2 FY2013 | 30 Jun 2013 | 11.08% | 5.26B | 47.50B |
| Q1 FY2013 | 31 Mar 2013 | 11.59% | 6.15B | 53.03B |
| Q4 FY2012 | 31 Dec 2012 | 11.88% | 6.30B | 53.02B |
| Q3 FY2012 | 30 Sept 2012 | 12.36% | 6.89B | 55.75B |
| Q2 FY2012 | 30 Jun 2012 | 12.42% | 6.85B | 55.19B |
| Q1 FY2012 | 31 Mar 2012 | 12.92% | 7.09B | 54.86B |
| Q4 FY2011 | 31 Dec 2011 | 11.72% | 6.39B | 54.52B |
| Q3 FY2011 | 30 Sept 2011 | 7.89% | 4.35B | 55.14B |
| Q2 FY2011 | 30 Jun 2011 | 5.40% | 3.00B | 55.50B |
| Q1 FY2011 | 31 Mar 2011 | 3.17% | 1.72B | 54.38B |
| Q4 FY2010 | 31 Dec 2010 | 1.81% | 982.00M | 54.38B |
| Q3 FY2010 | 30 Sept 2010 | 14.40% | 8.01B | 55.59B |
| Q2 FY2010 | 30 Jun 2010 | 20.08% | 11.09B | 55.23B |
| Q1 FY2010 | 31 Mar 2010 | 20.56% | 11.90B | 57.88B |
| Q4 FY2009 | 31 Dec 2009 | 22.05% | 13.02B | 59.06B |
| Q3 FY2009 | 30 Sept 2009 | 35.55% | 8.14B | 22.91B |
| Q2 FY2009 | 30 Jun 2009 | 28.45% | 5.78B | 20.32B |
| Q1 FY2009 | 31 Mar 2009 | 30.47% | 5.96B | 19.56B |
| Q4 FY2008 | 31 Dec 2008 | 41.63% | 7.81B | 18.76B |
| Q3 FY2008 | 30 Sept 2008 | 23.16% | 4.53B | 19.57B |
| Q2 FY2008 | 30 Jun 2008 | 24.51% | 4.97B | 20.26B |
| Q1 FY2008 | 31 Mar 2008 | 24.97% | 4.87B | 19.52B |
| Q4 FY2007 | 31 Dec 2007 | 18.01% | 3.28B | 18.18B |
| Q3 FY2007 | 30 Sept 2007 | 25.96% | 5.38B | 20.72B |
| Q2 FY2007 | 30 Jun 2007 | 24.63% | 4.80B | 19.47B |
| Q1 FY2007 | 31 Mar 2007 | 24.99% | 4.62B | 18.48B |
| Q4 FY2006 | 31 Dec 2006 | 25.25% | 4.43B | 17.56B |
| Q3 FY2006 | 30 Sept 2006 | 26.34% | 5.08B | 19.29B |
| Q2 FY2006 | 30 Jun 2006 | 28.81% | 5.56B | 19.30B |
| Q1 FY2006 | 31 Mar 2006 | 25.37% | 4.78B | 18.85B |
| Q4 FY2005 | 31 Dec 2005 | 25.76% | 4.63B | 17.98B |
| Q3 FY2005 | 30 Sept 2005 | 25.95% | 4.61B | 17.78B |
| Q2 FY2005 | 30 Jun 2005 | 25.98% | 4.52B | 17.39B |
| Q1 FY2005 | 31 Mar 2005 | 31.53% | 5.56B | 17.65B |
| Q4 FY2004 | 31 Dec 2004 | 33.63% | 5.81B | 17.29B |
| Q3 FY2004 | 30 Sept 2004 | 35.28% | 6.11B | 17.31B |
| Q2 FY2004 | 30 Jun 2004 | 39.14% | 6.64B | 16.97B |
| Q1 FY2004 | 31 Mar 2004 | 41.42% | 6.74B | 16.27B |
| Q4 FY2003 | 31 Dec 2003 | 43.85% | 6.83B | 15.58B |
| Q3 FY2003 | 30 Sept 2003 | 47.84% | 7.33B | 15.31B |
| Q2 FY2003 | 30 Jun 2003 | 30.11% | 5.90B | 19.61B |
| Q1 FY2003 | 31 Mar 2003 | 38.33% | 7.23B | 18.88B |
| Q4 FY2002 | 31 Dec 2002 | 39.28% | 7.15B | 18.20B |
| Q3 FY2002 | 30 Sept 2002 | 40.61% | 7.12B | 17.53B |
| Q2 FY2002 | 30 Jun 2002 | 51.45% | 8.63B | 16.78B |
| Q1 FY2002 | 31 Mar 2002 | 44.08% | 7.25B | 16.45B |
| Q4 FY2001 | 31 Dec 2001 | 45.37% | 7.28B | 16.05B |
| Q3 FY2001 | 30 Sept 2001 | 46.79% | 7.19B | 15.36B |
| Q2 FY2001 | 30 Jun 2001 | 47.90% | 7.07B | 14.77B |
| Q1 FY2001 | 31 Mar 2001 | 46.98% | 6.98B | 14.86B |
| Q4 FY2000 | 31 Dec 2000 | 45.99% | 6.82B | 14.83B |
| Q3 FY2000 | 30 Sept 2000 | 49.04% | 6.63B | 13.52B |
| Q2 FY2000 | 30 Jun 2000 | 49.80% | 6.33B | 12.72B |
| Q1 FY2000 | 31 Mar 2000 | 50.33% | 6.09B | 12.10B |
| Q4 FY1999 | 31 Dec 1999 | 44.48% | 5.89B | 13.24B |
| Q3 FY1999 | 30 Sept 1999 | 44.48% | 5.72B | 12.86B |
| Q2 FY1999 | 30 Jun 1999 | 42.74% | 5.55B | 12.97B |
| Q1 FY1999 | 31 Mar 1999 | 40.35% | 5.38B | 13.34B |
| Q4 FY1998 | 31 Dec 1998 | 41.00% | 5.25B | 12.80B |
| Q3 FY1998 | 30 Sept 1998 | 40.52% | 5.09B | 12.56B |
| Q2 FY1998 | 30 Jun 1998 | 36.01% | 4.92B | 13.66B |
| Q1 FY1998 | 31 Mar 1998 | 36.19% | 4.76B | 13.15B |
| Q4 FY1997 | 31 Dec 1997 | 36.64% | 4.61B | 12.59B |
| Q3 FY1997 | 30 Sept 1997 | 34.40% | 4.42B | 12.83B |
| Q2 FY1997 | 30 Jun 1997 | 32.92% | 4.22B | 12.82B |
| Q1 FY1997 | 31 Mar 1997 | 32.48% | 4.04B | 12.43B |
| Q4 FY1996 | 31 Dec 1996 | 32.42% | 3.88B | 11.97B |
| Q3 FY1996 | 30 Sept 1996 | 32.43% | 3.70B | 11.40B |
| Q2 FY1996 | 30 Jun 1996 | 31.37% | 3.56B | 11.33B |
| Q1 FY1996 | 31 Mar 1996 | 29.51% | 3.44B | 11.66B |
| Q4 FY1995 | 31 Dec 1995 | 28.42% | 3.34B | 11.74B |
| Q3 FY1995 | 30 Sept 1995 | 28.22% | 3.25B | 11.52B |
| Q2 FY1995 | 30 Jun 1995 | 27.93% | 3.17B | 11.36B |
| Q1 FY1995 | 31 Mar 1995 | 27.87% | 3.08B | 11.05B |
| Q4 FY1994 | 31 Dec 1994 | 26.91% | 3.00B | 11.14B |
| Q3 FY1994 | 30 Sept 1994 | 25.75% | 2.90B | 11.26B |
| Q2 FY1994 | 30 Jun 1994 | 25.94% | 2.82B | 10.87B |
| Q1 FY1994 | 31 Mar 1994 | 21.39% | 2.23B | 10.41B |
| Q4 FY1993 | 31 Dec 1993 | 21.62% | 2.17B | 10.02B |
| Q3 FY1993 | 30 Sept 1993 | 39.35% | 2.07B | 5.27B |
| Q2 FY1993 | 30 Jun 1993 | 40.81% | 2.01B | 4.93B |
| Q1 FY1993 | 31 Mar 1993 | 48.17% | 2.49B | 5.17B |
| Q4 FY1992 | 31 Dec 1992 | 48.90% | 2.45B | 5.00B |
| Q3 FY1992 | 30 Sept 1992 | 43.78% | 2.40B | 5.47B |
| Q2 FY1992 | 30 Jun 1992 | 43.37% | 2.30B | 5.31B |
| Q1 FY1992 | 31 Mar 1992 | 43.15% | 2.21B | 5.11B |
| Q4 FY1991 | 31 Dec 1991 | 43.16% | 2.12B | 4.92B |
| Q3 FY1991 | 30 Sept 1991 | 43.75% | 2.03B | 4.65B |
| Q2 FY1991 | 30 Jun 1991 | 44.60% | 1.95B | 4.36B |
| Q1 FY1991 | 31 Mar 1991 | 45.87% | 1.86B | 4.06B |
| Q4 FY1990 | 31 Dec 1990 | 46.45% | 1.78B | 3.83B |
| Q3 FY1990 | 30 Sept 1990 | 45.72% | 1.71B | 3.73B |
| Q2 FY1990 | 30 Jun 1990 | 44.28% | 1.63B | 3.69B |
| Q1 FY1990 | 31 Mar 1990 | 44.61% | 1.56B | 3.49B |
| Q4 FY1989 | 31 Dec 1989 | 42.48% | 1.50B | 3.52B |
| Q3 FY1989 | 30 Sept 1989 | 43.02% | 1.43B | 3.33B |
| Q2 FY1989 | 30 Jun 1989 | — | 1.36B | — |
| Q1 FY1989 | 31 Mar 1989 | — | 1.28B | — |
| Q4 FY1988 | 31 Dec 1988 | 42.26% | 1.21B | 2.86B |
| Q3 FY1988 | 30 Sept 1988 | — | 1.13B | — |
| Q2 FY1988 | 30 Jun 1988 | — | 1.06B | — |
| Q1 FY1988 | 31 Mar 1988 | — | 976.50M | — |
| Q4 FY1987 | 31 Dec 1987 | 42.82% | 906.40M | 2.12B |
| Q3 FY1987 | 30 Sept 1987 | — | 845.80M | — |
| Q2 FY1987 | 30 Jun 1987 | — | 781.20M | — |
| Q1 FY1987 | 31 Mar 1987 | — | 719.30M | — |
| Q4 FY1986 | 31 Dec 1986 | 26.30% | 675.80M | 2.57B |
| Q3 FY1986 | 30 Sept 1986 | — | 638.40M | — |
| Q2 FY1986 | 30 Jun 1986 | — | 601.40M | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | — | — | 2.63B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about Merck & Co's ROE
Source: Financial Modeling Prep