Thermo Fisher Scientific Inc. (TMO)
NYSE: TMO · Real-Time Price · USD
694.76
+17.82 (2.63%)
At close: Nov 6, 2026, 4:00 PM EST
692.00
-2.76 (-0.40%)
After-hours: Nov 6, 2026, 7:41 PM EST
Thermo Fisher Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 26, 2026 | 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 |
Operating Revenue | 12,137 | 11,994 | 11,005 | 12,215 | 11,122 | 10,854 | 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 |
Other Revenue | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 12,137 | 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 | |
Revenue Growth (YoY) | 9.13% | 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% |
Cost of Revenue | 6,997 | 7,084 | 6,561 | 7,171 | 6,529 | 6,436 | 6,118 | 6,551 | 6,261 | 6,194 | 6,125 | 6,471 | 6,244 | 6,418 | 6,529 | 6,844 | 6,375 | 6,371 | 6,354 | 5,456 |
Gross Profit | 5,140 | 4,910 | 4,444 | 5,044 | 4,593 | 4,419 | 4,246 | 4,844 | 4,337 | 4,347 | 4,220 | 4,415 | 4,330 | 4,269 | 4,181 | 4,606 | 4,302 | 4,599 | 5,464 | 5,246 |
Selling, General & Admin | 2,341 | 2,297 | 2,138 | 2,237 | 2,098 | 2,120 | 2,064 | 2,178 | 2,079 | 2,175 | 2,164 | 2,096 | 2,035 | 2,139 | 2,111 | 2,179 | 2,224 | 2,252 | 2,270 | 2,093 |
Research & Development | 348 | 364 | 336 | 356 | 346 | 352 | 342 | 374 | 346 | 339 | 331 | 327 | 319 | 345 | 346 | 391 | 351 | 365 | 364 | 392 |
Other Operating Expenses | - | - | 1 | -135 | - | - | - | 30 | - | - | - | 1 | - | - | - | - | - | - | - | 3 |
Operating Expenses | 2,689 | 2,661 | 2,475 | 2,458 | 2,444 | 2,472 | 2,406 | 2,582 | 2,425 | 2,514 | 2,495 | 2,424 | 2,354 | 2,484 | 2,457 | 2,570 | 2,575 | 2,617 | 2,634 | 2,488 |
Operating Income | 2,451 | 2,249 | 1,969 | 2,586 | 2,149 | 1,947 | 1,840 | 2,262 | 1,912 | 1,833 | 1,725 | 1,991 | 1,976 | 1,785 | 1,724 | 2,036 | 1,727 | 1,982 | 2,830 | 2,758 |
Interest Expense | -417 | -401 | -354 | -365 | -347 | -404 | -303 | -317 | -356 | -354 | -363 | -390 | -359 | -327 | -304 | -269 | -173 | -145 | -135 | -168 |
Interest & Investment Income | 252 | 207 | 233 | 258 | 234 | 297 | 203 | 227 | 277 | 295 | 279 | 309 | 246 | 178 | 146 | 150 | 68 | 36 | 18 | 11 |
Earnings From Equity Investments | -9 | -15 | -8 | -32 | 2 | 2 | -14 | 33 | -14 | -84 | 23 | -1 | -17 | -16 | -25 | -30 | -72 | -51 | -19 | - |
Currency Exchange Gain (Loss) | -7 | -7 | 7 | 23 | 30 | 3 | 10 | -21 | 15 | -4 | -6 | -21 | -6 | -25 | 23 | 70 | 20 | 13 | -1 | 15 |
Other Non Operating Income (Expenses) | 6 | 13 | -15 | -32 | -37 | -19 | -8 | 12 | -26 | 9 | 7 | -4 | 9 | 26 | -21 | -26 | -11 | -5 | 4 | -13 |
EBT Excluding Unusual Items | 2,276 | 2,046 | 1,832 | 2,438 | 2,031 | 1,826 | 1,728 | 2,196 | 1,808 | 1,695 | 1,665 | 1,884 | 1,849 | 1,621 | 1,543 | 1,931 | 1,559 | 1,830 | 2,697 | 2,603 |
Merger & Restructuring Charges | -9 | -28 | -50 | -40 | -10 | -10 | -11 | 41 | -45 | - | -36 | 159 | -84 | -21 | -166 | -9 | -33 | -24 | -2 | -23 |
Gain (Loss) on Sale of Investments | -9 | 24 | -1 | -44 | 8 | -3 | 1 | 14 | -4 | - | 11 | -13 | 11 | - | -44 | -25 | -13 | 17 | -141 | 43 |
Gain (Loss) on Sale of Assets | -172 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14 | - | - | - | - |
Asset Writedown | - | - | -14 | -94 | - | - | - | -252 | - | - | - | -219 | - | - | - | -60 | - | - | - | -12 |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | - | -19 | - | - | -18 | - | - | - | - | - |
Other Unusual Items | -7 | -134 | -41 | -137 | -201 | -102 | -112 | -25 | -30 | -13 | -27 | -53 | -28 | -186 | 23 | -104 | 16 | 43 | -33 | -749 |
Pretax Income | 2,079 | 1,908 | 1,726 | 2,123 | 1,828 | 1,711 | 1,606 | 1,974 | 1,729 | 1,682 | 1,613 | 1,739 | 1,748 | 1,414 | 1,338 | 1,747 | 1,529 | 1,866 | 2,521 | 1,862 |
Income Tax Expense | 352 | 167 | 70 | 153 | 207 | 92 | 95 | 150 | 99 | 128 | 281 | 133 | 53 | 52 | 46 | 173 | 31 | 198 | 301 | 203 |
Earnings From Continuing Operations | 1,727 | 1,741 | 1,656 | 1,970 | 1,621 | 1,619 | 1,511 | 1,824 | 1,630 | 1,554 | 1,332 | 1,606 | 1,695 | 1,362 | 1,292 | 1,574 | 1,498 | 1,668 | 2,220 | 1,659 |
Net Income to Company | 1,727 | 1,741 | 1,656 | 1,970 | 1,621 | 1,619 | 1,511 | 1,824 | 1,630 | 1,554 | 1,332 | 1,606 | 1,695 | 1,362 | 1,292 | 1,574 | 1,498 | 1,668 | 2,220 | 1,659 |
Minority Interest in Earnings | -6 | -5 | -5 | -6 | -5 | -2 | -4 | 6 | - | -6 | -4 | 24 | 20 | -1 | -3 | 2 | -3 | -4 | -5 | -1 |
Net Income | 1,721 | 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 |
Net Income to Common | 1,721 | 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 |
Net Income Growth (YoY) | 6.50% | 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% | -33.63% |
Shares Outstanding (Basic) | 370 | 371 | 372 | 376 | 378 | 378 | 378 | 382 | 382 | 382 | 382 | 387 | 386 | 386 | 386 | 391 | 392 | 392 | 392 | 394 |
Shares Outstanding (Diluted) | 371 | 371 | 373 | 377 | 378 | 378 | 379 | 383 | 384 | 383 | 384 | 388 | 388 | 388 | 388 | 393 | 395 | 394 | 395 | 398 |
Shares Change (YoY) | -1.85% | -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% |
EPS (Basic) | 4.65 | 4.68 | 4.44 | 5.22 | 4.28 | 4.28 | 3.99 | 4.79 | 4.27 | 4.05 | 3.48 | 4.21 | 4.44 | 3.53 | 3.34 | 4.03 | 3.81 | 4.24 | 5.65 | 4.21 |
EPS (Diluted) | 4.64 | 4.68 | 4.43 | 5.19 | 4.27 | 4.28 | 3.98 | 4.78 | 4.25 | 4.04 | 3.46 | 4.20 | 4.42 | 3.51 | 3.32 | 3.99 | 3.79 | 4.22 | 5.61 | 4.16 |
EPS Growth (YoY) | 8.67% | 9.38% | 11.31% | 8.59% | 0.47% | 5.89% | 15.03% | 13.81% | -3.85% | 15.10% | 4.22% | 5.38% | 16.62% | -16.83% | -40.82% | -4.18% | -20.88% | -8.46% | -4.59% | -33.28% |
Additional Metrics
Fiscal Quarter | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 26, 2026 | 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 |
Free Cash Flow | 2,113 | 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 |
Free Cash Flow Per Share | 5.70 | 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 | 4.08 |
Dividend Per Share | 0.470 | 0.470 | 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 |
Dividend Growth (YoY) | 9.30% | 9.30% | 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% |
Gross Margin | 42.35% | 40.94% | 40.38% | 41.29% | 41.30% | 40.71% | 40.97% | 42.51% | 40.92% | 41.24% | 40.79% | 40.56% | 40.95% | 39.95% | 39.04% | 40.23% | 40.29% | 41.92% | 46.23% | 49.02% |
Operating Margin | 20.19% | 18.75% | 17.89% | 21.17% | 19.32% | 17.94% | 17.75% | 19.85% | 18.04% | 17.39% | 16.68% | 18.29% | 18.69% | 16.70% | 16.10% | 17.78% | 16.18% | 18.07% | 23.95% | 25.77% |
Profit Margin | 14.18% | 14.47% | 15.00% | 16.08% | 14.53% | 14.90% | 14.54% | 16.06% | 15.38% | 14.69% | 12.84% | 14.97% | 16.22% | 12.73% | 12.04% | 13.76% | 14.00% | 15.17% | 18.74% | 15.49% |
Free Cash Flow Margin | 17.41% | 13.96% | 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% |
EBITDA | 3,276 | 3,068 | 2,703 | 3,314 | 2,810 | 2,633 | 2,545 | 3,004 | 2,662 | 2,613 | 2,561 | 2,830 | 2,829 | 2,640 | 2,583 | 2,884 | 2,565 | 2,818 | 3,689 | 3,441 |
EBITDA Margin | 26.99% | 25.58% | 24.56% | 27.13% | 25.26% | 24.26% | 24.56% | 26.36% | 25.12% | 24.79% | 24.76% | 26.00% | 26.75% | 24.70% | 24.12% | 25.19% | 24.02% | 25.69% | 31.21% | 32.15% |
D&A For EBITDA | 825 | 819 | 734 | 728 | 661 | 686 | 705 | 742 | 750 | 780 | 836 | 839 | 853 | 855 | 859 | 848 | 838 | 836 | 859 | 683 |
EBIT | 2,451 | 2,249 | 1,969 | 2,586 | 2,149 | 1,947 | 1,840 | 2,262 | 1,912 | 1,833 | 1,725 | 1,991 | 1,976 | 1,785 | 1,724 | 2,036 | 1,727 | 1,982 | 2,830 | 2,758 |
EBIT Margin | 20.19% | 18.75% | 17.89% | 21.17% | 19.32% | 17.94% | 17.75% | 19.85% | 18.04% | 17.39% | 16.68% | 18.29% | 18.69% | 16.70% | 16.10% | 17.78% | 16.18% | 18.07% | 23.95% | 25.77% |
Effective Tax Rate | 16.93% | 8.75% | 4.06% | 7.21% | 11.32% | 5.38% | 5.92% | 7.60% | 5.73% | 7.61% | 17.42% | 7.65% | 3.03% | 3.68% | 3.44% | 9.90% | 2.03% | 10.61% | 11.94% | 10.90% |
Revenue as Reported | 12,137 | 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 |