Merck & Company ( (MRK) ) has released its Q3 earnings. Here is a breakdown of the information Merck & Company presented to its investors.
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Merck & Co., Inc., known as MSD outside the United States and Canada, is a leading biopharmaceutical company focused on the development of innovative medicines and vaccines for both humans and animals. The company operates primarily in the pharmaceutical industry and is recognized for its research-intensive approach and diverse product portfolio.
In its third-quarter 2025 financial results, Merck reported total worldwide sales of $17.3 billion, marking a 4% increase from the same period in 2024. Key products such as KEYTRUDA and WINREV AIR showed significant sales growth, while GARDASIL/GARDASIL 9 experienced a decline. The company also highlighted strategic advancements, including the FDA approval of KEYTRUDA QLEX Injection and the acquisition of Verona Pharma.
Merck’s financial performance was bolstered by a substantial increase in net income, with GAAP EPS rising to $2.32 from $1.24 in the previous year. Non-GAAP EPS also saw a significant increase, reaching $2.58. The company continued to invest in its pipeline, with notable progress in oncology and cardiovascular research, and expanded its manufacturing capabilities in the U.S.
Looking ahead, Merck has updated its full-year 2025 financial outlook, expecting worldwide sales between $64.5 billion and $65.0 billion and a non-GAAP EPS range of $8.93 to $8.98. The company remains focused on driving growth through strategic investments and innovation in its product offerings.
Merck’s management expressed confidence in the company’s strategic direction, emphasizing its commitment to delivering value through its robust pipeline and ongoing investments in research and development. The company aims to maintain its leadership position in the biopharmaceutical industry by advancing its portfolio and expanding its market presence.

