Merck (MEX:MRK) Total Operating Expense: MXN649,975 Mil (TTM As of Mar. 2026)


MEX:MRK Merck & Co Inc MEX:MRK
74 GF Score
Price MXN2,196.80
GF Value MXN2,087.96
Valuation Fairly Valued
! 8 Warning Signs
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What is Merck Total Operating Expense?

Merck MEX:MRK -1.93% 74 Total Operating Expense is MXN649,975 Mil as of Mar. 2026. GuruFocus rates MEX:MRK with a GF Score™ of 74/100 and a GF Value™ of MXN2,087.96 (Fairly Valued). The stock has 8 warning signs investors should review.

Merck's Total Operating Expense for the three months ended in Mar. 2026 was MXN275,756 Mil. Merck's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN649,975 Mil.

Merck Total Operating Expense Related Terms

Merck Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Merck's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merck Total Operating Expense Chart

Merck Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 448,825.81 459,910.64 696,538.27 599,684.80 477,547.18

Merck Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 126,288.47 126,099.15 125,969.62 122,150.67 275,756.05
MEX:MRK
74GF Score
Merck & Co Inc MEX:MRK
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Merck Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN649,975 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN649,975 Mil mean?
Merck (MEX:MRK) has a Total Operating Expense of MXN649,975 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Merck and its competitors.
Is Merck's Total Operating Expense too high?
Merck's current Total Operating Expense is MXN649,975 Mil. Overall, Merck has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Merck's Total Operating Expense compare to AMGN and ABBV?
Merck's Total Operating Expense of MXN649,975 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Drug Manufacturers company?
A good Total Operating Expense depends on the Drug Manufacturers industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Merck and its competitors. Merck's current Total Operating Expense is MXN649,975 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merck stock overvalued right now?
Based on GuruFocus' analysis, Merck (MEX:MRK) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,087.96, compared to a current price of MXN2,196.80 — trading 5.2% above its estimated fair value. The current Total Operating Expense is MXN649,975 Mil. Merck's overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Merck (MEX:MRK), the current Total Operating Expense is MXN649,975 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Merck (MEX:MRK) Overvalued in 2026?

Based on GuruFocus' analysis, Merck stock appears to be overvalued. The current stock price of MXN2,196.80 is trading 5.2% above its estimated GF Value™ of MXN2,087.96. GuruFocus considers Merck to be Fairly Valued.

Key valuation signals for MEX:MRK:

  • Total Operating Expense: MXN649,975 Mil
  • GF Value™: MXN2,087.96 vs. price of MXN2,196.80 (5.2% above fair value)
  • GF Score™: 74/100 with 8 warning signs

No single metric tells the full story. See the MEX:MRK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Merck Business Description

Address 126 East Lincoln Avenue, Rahway, NJ, USA, 07065
Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform, led by Keytruda, is a major contributor to overall sales. The company also has a substantial vaccine business aimed at preventing pediatric diseases, as well as Gardasil for human papillomavirus. Additionally, Merck sells animal health-related drugs. From a geographical perspective, 47% of the company's sales are generated from US human health (pharmaceuticals and vaccines).
74GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,196.80
Price
MXN2,087.96
GF Value