Total Debt for Merck & Co. (MRK)
According to Merck & Co.'s latest reported financial statements, the company's latest reported total debt is $50.53B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
MRK
Currently viewingTotal DebtSwitch metric
Latest period
$50.53B
YoY change
+32.0%
5Y CAGR
+8.6%
Peak year (2025)
$50.53B
Latest annual
$50.53B
Total Debt history chart for Merck & Co. (MRK) from 1985 to 2025
Total Debt history table for Merck & Co. (MRK) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $50.53B | +32.0% | ||
| 2024 | $38.27B | +5.5% | ||
| 2023 | $36.27B | +13.4% | ||
| 2022 | $31.98B | -7.6% | ||
| 2021 | $34.63B | +3.6% | ||
| 2020 | $33.42B | +22.2% | ||
| 2019 | $27.35B | +8.9% | ||
| 2018 | $25.11B | +2.9% | ||
| 2017 | $24.41B | -1.7% | ||
| 2016 | $24.84B | -5.9% | ||
| 2015 | $26.41B | +23.4% | ||
| 2014 | $21.40B | -14.6% | ||
| 2013 | $25.06B | +21.8% | ||
| 2012 | $20.57B | +17.4% | ||
| 2011 | $17.52B | -2.1% | ||
| 2010 | $17.88B | +2.3% | ||
| 2009 | $17.47B | +180.0% | ||
| 2008 | $6.24B | +8.7% | ||
| 2007 | $5.74B | -16.0% | ||
| 2006 | $6.84B | -15.6% | ||
| 2005 | $8.10B | +17.8% | ||
| 2004 | $6.87B | +1.1% | ||
| 2003 | $6.80B | -20.5% | ||
| 2002 | $8.55B | -3.6% | ||
| 2001 | $8.87B | +28.1% | ||
| 2000 | $6.92B | +15.3% | ||
| 1999 | $6.00B | +56.1% | ||
| 1998 | $3.85B | +71.0% | ||
| 1997 | $2.25B | +27.6% | ||
| 1996 | $1.76B | -1.9% | ||
| 1995 | $1.80B | +38.9% | ||
| 1994 | $1.29B | -54.8% | ||
| 1993 | $2.86B | +116.3% | ||
| 1992 | $1.32B | +58.7% | ||
| 1991 | $832.10M | -9.3% | ||
| 1990 | $917.10M | +106.0% | ||
| 1989 | $445.10M | -26.0% | ||
| 1988 | $601.60M | -40.9% | ||
| 1987 | $1.02B | +88.4% | ||
| 1986 | $540.40M | +7.9% | ||
| 1985 | $500.80M | — |
Total Debt values are taken from Merck & Co.'s reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual total debt for Merck & Co. (MRK) came in at $50.53B – surged 32.0% year-over-year.
Over 2020–2025 (5 years), Merck & Co. total debt expanded at a +8.6% compound annual rate, with the latest reading among the more recent periods of the dataset.
2025 marks the peak total debt at $50.53B, with the historical low of $445.10M recorded in 1989.
Among 8 Healthcare peers, Merck & Co. (MRK) ranks 5th; the peer median for total debt is $51.27B.
Merck & Co. Total Debt by Year
Merck & Co. Total Debt 2025: $50.53B
Merck & Co. total debt in 2025 was $50.53B, surged 32.0% from 2024. This figure represents the highest annual value in the available history.
Merck & Co. Total Debt 2024: $38.27B
Merck & Co. total debt in 2024 was $38.27B, grew 5.5% from 2023.
Merck & Co. Total Debt 2023: $36.27B
Merck & Co. total debt in 2023 was $36.27B, grew 13.4% from 2022.
Merck & Co. Total Debt 2022: $31.98B
Merck & Co. total debt in 2022 was $31.98B, declined 7.6% below 2021.
Merck & Co. Total Debt 2021: $34.63B
Merck & Co. total debt in 2021 was $34.63B.
See more financial history for Merck & Co. (MRK).
Sector peers — Total Debt
Companies in the same sector as Merck & Co., ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $130.96B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $78.39B | Healthcare |
| AbbVie Inc. (ABBV) | $69.07B | Healthcare |
| Amgen Inc. (AMGN) | $54.60B | Healthcare |
| Johnson & Johnson (JNJ) | $47.93B | Healthcare |
| Eli Lilly and Company (LLY) | $42.50B | Healthcare |
| Thermo Fisher Scientific Inc. (TMO) | $40.85B | Healthcare |
| AstraZeneca PLC (AZN) | $29.70B | Healthcare |
Frequently asked questions
What is Merck & Co.'s total debt?
- Latest reported total debt for Merck & Co. (MRK) is $50.53B (period ending December 31, 2025).
How has Merck & Co. total debt changed year-over-year?
- Merck & Co. (MRK) total debt changed +32.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Merck & Co. total debt?
- Merck & Co. (MRK) total debt compound annual growth rate is +8.6% over the most recent 5 years available.
When did Merck & Co. total debt hit its highest annual value?
- Merck & Co. total debt reached its highest annual value of $50.53B in 2025.
What was Merck & Co. total debt in 2024?
- Merck & Co. (MRK) total debt in 2024 was $38.27B.
What was Merck & Co. total debt in 2025?
- Merck & Co. (MRK) total debt in 2025 was $50.53B.
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