Yeah, Emory University does provide scholarships based on merit. Here are some of them:

The Robert W. Woodruff Scholarship
Total Worth: Full tuition, fees, and on-campus room and board
Eligibility: Full tuition, fees, and on-campus room and board
Minimum Criteria: Demonstrate qualities of forceful and unselfish character, intellectual and personal vigor, outstanding academic achievement, impressive communication skills, significant leadership and creativity in school or the broader community
Separate application needed: No

Dean’s Scholars
Total Worth: Full-tuition
Eligibility: Full-tuition
Minimum Criteria: Based on demonstrated academic achievement and leadership capabilities
Requirement for maintenance: Maintain a 3.4 grade-point average
Separate application needed: No

Liberal Arts Scholar
Total Worth: $10,000 to $20,000 per year
Eligibility: $10,000 to $20,000 per year
Minimum Criteria: Based on demonstrated academic achievement and leadership capabilities
Requirement for maintenance: Maintain a 3.2 grade-point average
Separate application needed: No

Emory University provides aids at an average of 44118 per student meeting 100% of students need. 100% of students with need receive financial aid at an average of 41305 need-based grant. They also provide other scholarships including Debate Scholarship and Music Scholarship.