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Compared to Estimates, Merck (MRK) Q2 Earnings: A Look at Key Metrics

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Merck (MRK - Free Report) reported $16.61 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 5.1%. EPS of -$0.13 for the same period compares to $2.13 a year ago.

The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of $16.33 billion. With the consensus EPS estimate being -$0.26, the EPS surprise was +50%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Merck performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Sales- Infectious Diseases- Bridion - International: $37 million versus the two-analyst average estimate of $35.25 million. The reported number represents a year-over-year change of -26%.
  • Sales- Vaccines- Gardasil/Gardasil 9 - International: $626 million versus the two-analyst average estimate of $610.05 million. The reported number represents a year-over-year change of +7.8%.
  • Sales- Diabetes- Januvia - International: $109 million compared to the $93.78 million average estimate based on two analysts. The reported number represents a change of -29.7% year over year.
  • Sales- Diabetes- Januvia - U.S.: $149 million versus $108 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -31% change.
  • Sales- Vaccines- ProQuar/M-M-R II/Varivax: $592 million compared to the $618.29 million average estimate based on two analysts. The reported number represents a change of -2.8% year over year.
  • Sales- Diabetes- Januvia: $258 million versus the two-analyst average estimate of $201.78 million. The reported number represents a year-over-year change of -30.7%.
  • Sales- Animal health: $1.78 billion compared to the $1.77 billion average estimate based on two analysts. The reported number represents a change of +7.8% year over year.
  • Sales- Infectious Diseases- Bridion: $497 million compared to the $364.05 million average estimate based on two analysts. The reported number represents a change of +7.8% year over year.
  • Sales- Oncology- Keytruda: $7.9 billion versus $8.06 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.7% change.
  • Sales- Vaccines- Enflonsia: $2 million versus the two-analyst average estimate of $10 million.
  • Sales- Oncology- Alliance Revenue- Lynparza: $365 million versus $356.54 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
  • Sales- Oncology- Alliance revenue- Lenvima: $283 million versus the two-analyst average estimate of $239.26 million. The reported number represents a year-over-year change of +6.8%.

View all Key Company Metrics for Merck here>>>

Shares of Merck have returned +0.8% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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