Merck & Co.'s results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-29. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $18,085 million (+4.7% vs a year earlier) |
| Diluted EPS (GAAP) | $2.04 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $2.49 |
| Full-year guidance | Raised |
Guidance
Merck narrowed 2026 sales to $66.8–$67.3 billion, raising the midpoint, and raised non-GAAP EPS to $2.77–$2.82 from $2.66–$2.76.
Why this label: 'Narrows and Raises' the sales range midpoint ($66.8-67.3B from $66.3-67.3B) and non-GAAP EPS range ($2.77-2.82 from $2.66-2.76); nothing core lowered.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| worldwide sales | FY2026 | $66.8–$67.3 billion | $66.3–$67.3 billion |
| non-GAAP EPS | FY2026 | $2.77–$2.82 | $2.66–$2.76 |
| non-GAAP operating expenses | FY2026 | $42.4–$42.9 billion | $42.0–$42.7 billion |
| non-GAAP effective tax rate | FY2026 | 32.0%–33.0% | 35.0%–36.0% |
From the release
Revenue: "Total Sales · $ · 18,085 · $ · 17,276 · 5 · %"
Earnings per share: "GAAP EPS Was $2.04; Non-GAAP EPS Was $2.49; GAAP and Non-GAAP EPS Include a One-Time Charge of $0.12 per Share Related to a Global License Agreement With SciBrunch"
worldwide sales: "Sales * · $66.8 billion to $67.3 billion · $66.3 billion to $67.3 billion"
non-GAAP EPS: "Non-GAAP EPS 3*** · $2.77 to $2.82 · $2.66 to $2.76"
non-GAAP operating expenses: "Operating expenses 3** · $42.4 billion to $42.9 billion · $42.0 billion to $42.7 billion"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Raised 2026 non-GAAP EPS guidance to $2.77–$2.82 from $2.66–$2.76.
Source
Merck & Co. earnings release (SEC filing), accession 0001104659-26-119825, filed 2026-10-29.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.