Thermo Fisher Scientific Inc. (TMO)
NYSE: TMO · Real-Time Price · USD
576.41
+16.88 (3.02%)
At close: Jul 28, 2026, 4:00 PM EDT
574.42
-1.99 (-0.35%)
After-hours: Jul 28, 2026, 7:59 PM EDT
Thermo Fisher Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
| 11,994 | 11,005 | 12,215 | 11,122 | 10,855 | 10,364 | 11,395 | 10,598 | 10,541 | 10,345 | 10,886 | 10,574 | 10,687 | 10,710 | 11,450 | 10,677 | 10,970 | 11,818 | 10,702 | 9,330 | |
Revenue Growth (YoY) | 10.49% | 6.19% | 7.20% | 4.94% | 2.98% | 0.18% | 4.68% | 0.23% | -1.37% | -3.41% | -4.93% | -0.97% | -2.58% | -9.38% | 6.99% | 14.44% | 18.30% | 19.30% | 1.44% | 9.49% |
Cost of Revenue | 7,051 | 6,575 | 7,204 | 6,539 | 6,446 | 6,129 | 6,573 | 6,270 | 6,194 | 6,140 | 6,493 | 6,258 | 6,436 | 6,570 | 6,844 | 6,375 | 6,371 | 6,354 | 5,448 | 4,679 |
Gross Profit | 4,943 | 4,430 | 5,011 | 4,583 | 4,409 | 4,235 | 4,822 | 4,328 | 4,347 | 4,205 | 4,393 | 4,316 | 4,251 | 4,140 | 4,606 | 4,302 | 4,599 | 5,464 | 5,254 | 4,651 |
Selling, General & Admin | 1,909 | 2,181 | 2,352 | 2,162 | 2,140 | 2,078 | 2,203 | 2,098 | 2,111 | 2,183 | 2,132 | 2,049 | 2,145 | 2,119 | 2,299 | 2,208 | 2,209 | 2,277 | 2,278 | 2,004 |
Depreciation & Amortization Expenses | 485 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Research & Development | 364 | 336 | 356 | 346 | 352 | 342 | 374 | 346 | 339 | 331 | 327 | 319 | 345 | 346 | 391 | 351 | 365 | 364 | 392 | 351 |
Other Operating Expenses | 98 | 49 | 46 | 135 | 82 | 98 | 228 | 45 | 77 | 29 | 80 | 84 | 183 | 112 | 55 | 33 | 24 | 2 | 46 | 18 |
Total Operating Expenses | 2,856 | 2,566 | 2,754 | 2,643 | 2,574 | 2,518 | 2,805 | 2,489 | 2,527 | 2,543 | 2,539 | 2,452 | 2,673 | 2,577 | 2,745 | 2,592 | 2,598 | 2,643 | 2,716 | 2,373 |
Operating Income | 2,087 | 1,863 | 2,255 | 1,941 | 1,834 | 1,716 | 2,016 | 1,838 | 1,820 | 1,663 | 1,854 | 1,864 | 1,578 | 1,563 | 1,861 | 1,710 | 2,001 | 2,821 | 2,538 | 2,278 |
Interest Income | 207 | 233 | 258 | 234 | 297 | 203 | 227 | 277 | 295 | 279 | 309 | 246 | 178 | 146 | 150 | 68 | 36 | 18 | 11 | 9 |
Interest Expense | -401 | -354 | -365 | -347 | -404 | -303 | -317 | -356 | -354 | -363 | -390 | -359 | -326 | -300 | -269 | -173 | -148 | -136 | -161 | -128 |
Other Non-Operating Income (Expense) | 31 | -9 | 6 | -2 | -19 | 3 | 14 | -16 | 5 | 10 | -33 | 14 | - | -46 | 35 | -4 | 28 | -163 | -526 | 18 |
Total Non-Operating Income (Expense) | -163 | -130 | -101 | -115 | -126 | -97 | -76 | -95 | -54 | -74 | -114 | -99 | -148 | -200 | -84 | -109 | -84 | -281 | -676 | -101 |
Pretax Income | 1,924 | 1,734 | 2,153 | 1,826 | 1,709 | 1,620 | 1,941 | 1,742 | 1,765 | 1,589 | 1,740 | 1,765 | 1,430 | 1,363 | 1,777 | 1,601 | 1,917 | 2,540 | 1,862 | 2,177 |
Provision for Income Taxes | 167 | 70 | 153 | 207 | 92 | 95 | 150 | 99 | 128 | 281 | 133 | 53 | 52 | 46 | 173 | 31 | 198 | 301 | 203 | 271 |
Net Income | 1,757 | 1,664 | 2,000 | 1,619 | 1,617 | 1,525 | 1,791 | 1,643 | 1,637 | 1,308 | 1,607 | 1,712 | 1,378 | 1,317 | 1,604 | 1,570 | 1,719 | 2,239 | 1,659 | 1,906 |
Minority Interest in Earnings | 20 | 13 | 38 | 3 | 0 | 18 | -39 | 14 | 90 | -19 | -23 | -3 | 17 | 28 | 28 | 75 | 55 | 24 | 1 | 4 |
Net Income to Common | 1,736 | 1,651 | 1,964 | 1,616 | 1,617 | 1,507 | 1,830 | 1,630 | 1,548 | 1,328 | 1,630 | 1,715 | 1,361 | 1,289 | 1,576 | 1,495 | 1,664 | 2,215 | 1,658 | 1,902 |
Net Income Growth (YoY) | 7.36% | 9.55% | 7.32% | -0.86% | 4.46% | 13.48% | 12.27% | -4.96% | 13.74% | 3.03% | 3.43% | 14.72% | -18.21% | -41.81% | -4.95% | -21.40% | -8.97% | -5.22% | -33.76% | -1.60% |
Shares Outstanding (Basic) | 371 | 372 | 376 | 378 | 378 | 378 | 382 | 382 | 382 | 382 | 387 | 386 | 386 | 386 | 391 | 392 | 392 | 392 | 394 | 394 |
Shares Outstanding (Diluted) | 371 | 373 | 377 | 378 | 378 | 379 | 383 | 384 | 383 | 384 | 388 | 388 | 388 | 388 | 393 | 395 | 394 | 395 | 398 | 397 |
Shares Change (YoY) | -1.85% | -1.58% | -1.57% | -1.56% | -1.31% | -1.30% | -1.29% | -1.03% | -1.29% | -1.03% | -1.27% | -1.77% | -1.52% | -1.77% | -1.26% | -0.50% | -0.51% | -0.50% | -0.50% | -0.50% |
EPS (Basic) | 4.68 | 4.44 | 5.22 | 4.28 | 4.28 | 3.99 | 4.79 | 4.26 | 4.05 | 3.47 | 4.22 | 4.44 | 3.53 | 3.34 | 4.03 | 3.82 | 4.25 | 5.66 | 4.20 | 4.83 |
EPS (Diluted) | 4.68 | 4.43 | 5.21 | 4.27 | 4.28 | 3.98 | 4.78 | 4.25 | 4.04 | 3.46 | 4.20 | 4.42 | 3.51 | 3.32 | 4.01 | 3.79 | 4.22 | 5.61 | 4.17 | 4.79 |
EPS Growth (YoY) | 9.35% | 11.31% | 9.00% | 0.47% | 5.94% | 15.03% | 13.81% | -3.85% | 15.10% | 4.22% | 4.74% | 16.62% | -16.83% | -40.82% | -3.84% | -20.88% | -8.46% | -4.59% | -33.17% | -1.03% |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Mar '26 Mar 28, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 27, 2025 | Jun '25 Jun 28, 2025 | Mar '25 Mar 29, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 28, 2024 | Jun '24 Jun 29, 2024 | Mar '24 Mar 30, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jul '23 Jul 1, 2023 | Apr '23 Apr 1, 2023 | Dec '22 Dec 31, 2022 | Oct '22 Oct 1, 2022 | Jul '22 Jul 2, 2022 | Apr '22 Apr 2, 2022 | Dec '21 Dec 31, 2021 | Oct '21 Oct 2, 2021 |
Free Cash Flow | 1,675 | 816 | 2,992 | 1,835 | 1,105 | 361 | 2,810 | 1,894 | 1,659 | 904 | 3,318 | 2,082 | 1,256 | 271 | 2,937 | 1,390 | 1,022 | 1,562 | 1,626 | 2,126 |
Free Cash Flow Growth (YoY) | 51.58% | 126.04% | 6.48% | -3.12% | -33.39% | -60.07% | -15.31% | -9.03% | 32.09% | 233.58% | 12.97% | 49.78% | 22.90% | -82.65% | 80.63% | -34.62% | -39.42% | 15.70% | -40.94% | -9.22% |
Free Cash Flow Per Share | 4.51 | 2.19 | 7.94 | 4.85 | 2.92 | 0.95 | 7.34 | 4.93 | 4.33 | 2.35 | 8.55 | 5.37 | 3.24 | 0.70 | 7.47 | 3.52 | 2.59 | 3.95 | 4.09 | 5.36 |
Dividends Per Share | - | 0.470 | 0.430 | 0.430 | 0.430 | 0.430 | 0.390 | 0.390 | 0.390 | 0.390 | 0.350 | 0.350 | 0.350 | 0.350 | 0.300 | 0.300 | 0.300 | 0.300 | 0.260 | 0.260 |
Dividend Growth (YoY) | - | 9.30% | 10.26% | 10.26% | 10.26% | 10.26% | 11.43% | 11.43% | 11.43% | 11.43% | 16.67% | 16.67% | 16.67% | 16.67% | 15.38% | 15.38% | 15.38% | 15.38% | 18.18% | 18.18% |
Gross Margin | 41.21% | 40.25% | 41.02% | 41.21% | 40.62% | 40.86% | 42.32% | 40.84% | 41.24% | 40.65% | 40.35% | 40.82% | 39.78% | 38.66% | 40.23% | 40.29% | 41.92% | 46.23% | 49.09% | 49.85% |
Operating Margin | 17.40% | 16.93% | 18.46% | 17.45% | 16.90% | 16.56% | 17.69% | 17.34% | 17.27% | 16.08% | 17.03% | 17.63% | 14.77% | 14.59% | 16.25% | 16.02% | 18.24% | 23.87% | 23.72% | 24.42% |
Profit Margin | 14.65% | 15.12% | 16.37% | 14.56% | 14.90% | 14.71% | 15.72% | 15.50% | 15.53% | 12.64% | 14.76% | 16.19% | 12.89% | 12.30% | 14.01% | 14.70% | 15.67% | 18.95% | 15.50% | 20.43% |
FCF Margin | 13.97% | 7.41% | 24.49% | 16.50% | 10.18% | 3.48% | 24.66% | 17.87% | 15.74% | 8.74% | 30.48% | 19.69% | 11.75% | 2.53% | 25.65% | 13.02% | 9.32% | 13.22% | 15.19% | 22.79% |
EBITDA | 2,087 | 2,599 | 2,983 | 2,602 | 2,520 | 2,421 | 2,758 | 2,577 | 2,611 | 2,499 | 2,693 | 2,717 | 2,433 | 2,422 | 2,709 | 2,548 | 2,837 | 3,680 | 3,221 | 2,906 |
EBITDA Margin | 17.40% | 23.62% | 24.42% | 23.40% | 23.22% | 23.36% | 24.20% | 24.32% | 24.77% | 24.16% | 24.74% | 25.70% | 22.77% | 22.61% | 23.66% | 23.86% | 25.86% | 31.14% | 30.10% | 31.15% |
EBIT | 2,087 | 1,863 | 2,255 | 1,941 | 1,834 | 1,716 | 2,016 | 1,838 | 1,820 | 1,663 | 1,854 | 1,864 | 1,578 | 1,563 | 1,861 | 1,710 | 2,001 | 2,821 | 2,538 | 2,278 |
EBIT Margin | 17.40% | 16.93% | 18.46% | 17.45% | 16.90% | 16.56% | 17.69% | 17.34% | 17.27% | 16.08% | 17.03% | 17.63% | 14.77% | 14.59% | 16.25% | 16.02% | 18.24% | 23.87% | 23.72% | 24.42% |
Effective Tax Rate | 8.68% | 4.04% | 7.11% | 11.34% | 5.38% | 5.86% | 7.73% | 5.68% | 7.25% | 17.68% | 7.64% | 3.00% | 3.64% | 3.37% | 9.74% | 1.94% | 10.33% | 11.85% | 10.90% | 12.45% |