Merck & Co beats estimates but cautious on 2026

3 February 2026

US pharma giant Merck & Co (NYSE: MRK) has announced financial results for the fourth quarter and full year of 2025.

Merck’s fourth-quarter worldwide sales were $16.4 billion, 5% up on the same period of 2024 and ahead of analysts’ expectations for $16.19 billion.

The company reported adjusted earnings of $2.04 per share for the quarter, above the $2.01 expected by analysts and up nearly 19% on a year earlier.

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