Merck & Co., Inc.MRKNYSE
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R&D Expenses Over TimeContracting
Percentile Rank86
3Y CAGR+4.8%
5Y CAGR+3.1%
Year-over-Year Change

Research and development spending

3Y CAGR
+4.8%/yr
vs +8.6%/yr prior
5Y CAGR
+3.1%/yr
Consistent
Acceleration
-3.8pp
Decelerating
Percentile
P86
Within normal range
vs 5Y Ago
1.2x
Modest growth
Streak
2 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$15.60B-13.1%
2024$17.94B-41.2%
2023$30.53B+125.4%
2022$13.55B+10.6%
2021$12.24B-8.6%
2020$13.40B+37.8%
2019$9.72B-0.3%
2018$9.75B-5.7%
2017$10.34B+0.8%
2016$10.26B-