Thermo Fisher Scientific Inc. (TMO)
NYSE: TMO · Real-Time Price · USD
673.82
-2.72 (-0.40%)
Oct 23, 2026, 4:00 PM EDT - Market closed
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 | 47,352 | 46,337 | 45,198 | 44,557 | 43,736 | 43,212 | 42,898 | 42,879 | 42,370 | 42,346 | 42,492 | 42,857 | 43,421 | 43,524 | 43,807 | 44,915 | 44,167 | 42,820 | 41,123 | 39,211 |
Other Revenue | -1 | -1 | -1 | -1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 47,351 | 46,336 | 45,197 | 44,556 | 43,736 | 43,212 | 42,898 | 42,879 | 42,370 | 42,346 | 42,492 | 42,857 | 43,421 | 43,524 | 43,807 | 44,915 | 44,167 | 42,820 | 41,123 | 39,211 | |
Revenue Growth (YoY) | 8.27% | 7.23% | 5.36% | 3.91% | 3.22% | 2.04% | 0.95% | 0.05% | -2.42% | -2.71% | -3.00% | -4.58% | -1.69% | 1.64% | 6.53% | 14.55% | 13.08% | 11.95% | 14.57% | 21.70% |
Cost of Revenue | 27,854 | 27,344 | 26,697 | 26,254 | 25,635 | 25,364 | 25,123 | 25,130 | 25,050 | 25,036 | 25,258 | 25,757 | 26,035 | 26,166 | 26,119 | 25,944 | 24,556 | 22,860 | 21,238 | 19,573 |
Gross Profit | 19,497 | 18,992 | 18,500 | 18,302 | 18,101 | 17,848 | 17,775 | 17,749 | 17,320 | 17,310 | 17,234 | 17,100 | 17,386 | 17,358 | 17,688 | 18,971 | 19,611 | 19,960 | 19,885 | 19,638 |
Selling, General & Admin | 8,842 | 8,773 | 8,601 | 8,527 | 8,470 | 8,453 | 8,502 | 8,602 | 8,520 | 8,469 | 8,434 | 8,440 | 8,464 | 8,653 | 8,781 | 8,940 | 8,854 | 8,611 | 8,317 | 7,857 |
Research & Development | 1,404 | 1,402 | 1,391 | 1,397 | 1,415 | 1,415 | 1,401 | 1,390 | 1,343 | 1,316 | 1,322 | 1,337 | 1,401 | 1,433 | 1,453 | 1,471 | 1,472 | 1,472 | 1,450 | 1,406 |
Amortization of Goodwill & Intangibles | 139 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 20 | 20 | 21 | 20 | 30 | 30 | 30 | 30 | 1 | 1 | 1 | 1 | - | - | - | - | 3 | 3 | 3 | 3 |
Operating Expenses | 10,405 | 10,195 | 10,013 | 9,944 | 9,915 | 9,898 | 9,933 | 10,022 | 9,864 | 9,786 | 9,757 | 9,778 | 9,865 | 10,086 | 10,234 | 10,411 | 10,329 | 10,086 | 9,770 | 9,266 |
Operating Income | 9,092 | 8,797 | 8,487 | 8,358 | 8,186 | 7,950 | 7,842 | 7,727 | 7,456 | 7,524 | 7,477 | 7,322 | 7,521 | 7,272 | 7,454 | 8,560 | 9,282 | 9,874 | 10,115 | 10,372 |
Interest Expense | -1,537 | -1,467 | -1,470 | -1,419 | -1,371 | -1,380 | -1,330 | -1,390 | -1,463 | -1,461 | -1,434 | -1,375 | -1,254 | -1,077 | -895 | -726 | -625 | -576 | -553 | -536 |
Interest & Investment Income | 951 | 932 | 1,023 | 993 | 962 | 1,005 | 1,002 | 1,078 | 1,160 | 1,129 | 1,012 | 879 | 720 | 542 | 400 | 272 | 133 | 74 | 49 | 43 |
Earnings From Equity Investments | -64 | -52 | -35 | -41 | 23 | 7 | -79 | -42 | -76 | -79 | -11 | -59 | -88 | -143 | -178 | -172 | -142 | -73 | -23 | -4 |
Currency Exchange Gain (Loss) | 66 | 52 | 63 | 66 | 22 | 7 | - | -16 | -16 | -37 | -58 | -29 | 62 | 88 | 126 | 102 | 47 | 19 | -22 | 162 |
Other Non Operating Income (Expenses) | -67 | -74 | -96 | -89 | -41 | -29 | -10 | 5 | -11 | 13 | 33 | 5 | -17 | -27 | -60 | -35 | -22 | -11 | 18 | -161 |
EBT Excluding Unusual Items | 8,441 | 8,188 | 7,972 | 7,868 | 7,781 | 7,560 | 7,425 | 7,362 | 7,050 | 7,089 | 7,019 | 6,743 | 6,944 | 6,655 | 6,847 | 8,001 | 8,673 | 9,307 | 9,584 | 9,876 |
Merger & Restructuring Charges | -201 | -294 | -240 | -201 | -115 | -118 | -85 | -110 | 8 | -171 | -90 | -220 | -388 | -104 | -232 | -68 | -82 | -67 | -52 | -72 |
Gain (Loss) on Sale of Investments | -89 | -13 | -40 | -38 | 20 | 9 | 11 | 21 | -6 | 8 | 9 | -46 | -58 | -83 | -64 | -161 | -93 | -58 | -74 | 66 |
Gain (Loss) on Sale of Assets | 72 | - | - | - | - | - | - | - | - | - | - | - | 14 | 14 | 14 | - | - | - | - | - |
Asset Writedown | -94 | -154 | -108 | -94 | -252 | -252 | -252 | -252 | -219 | -219 | -219 | -219 | -60 | -60 | -60 | -46 | -12 | -12 | -122 | -122 |
Legal Settlements | - | - | - | - | - | - | - | - | -19 | -19 | -1 | -19 | - | - | -18 | - | - | - | - | - |
Other Unusual Items | -292 | -141 | -196 | -267 | -315 | -179 | -111 | -26 | -54 | 91 | -204 | - | -205 | -394 | -7 | -63 | -708 | -747 | -731 | -911 |
Pretax Income | 7,837 | 7,586 | 7,388 | 7,268 | 7,119 | 7,020 | 6,988 | 6,995 | 6,760 | 6,779 | 6,514 | 6,239 | 6,247 | 6,028 | 6,480 | 7,663 | 7,778 | 8,423 | 8,605 | 8,837 |
Income Tax Expense | 743 | 598 | 522 | 547 | 544 | 436 | 471 | 657 | 640 | 594 | 519 | 284 | 324 | 302 | 448 | 703 | 733 | 973 | 994 | 1,109 |
Earnings From Continuing Operations | 7,094 | 6,988 | 6,866 | 6,721 | 6,575 | 6,584 | 6,517 | 6,338 | 6,120 | 6,185 | 5,995 | 5,955 | 5,923 | 5,726 | 6,032 | 6,960 | 7,045 | 7,450 | 7,611 | 7,728 |
Net Income to Company | 7,094 | 6,988 | 6,866 | 6,721 | 6,575 | 6,584 | 6,517 | 6,338 | 6,120 | 6,185 | 5,995 | 5,955 | 5,923 | 5,726 | 6,032 | 6,960 | 7,045 | 7,450 | 7,611 | 7,728 |
Minority Interest in Earnings | -22 | -21 | -18 | -17 | -5 | - | -3 | -3 | 15 | 35 | 39 | 40 | 18 | -5 | -8 | -10 | -13 | -11 | -8 | -3 |
Net Income | 7,072 | 6,967 | 6,848 | 6,704 | 6,570 | 6,584 | 6,514 | 6,335 | 6,135 | 6,220 | 6,034 | 5,995 | 5,941 | 5,721 | 6,024 | 6,950 | 7,032 | 7,439 | 7,603 | 7,725 |
Net Income to Common | 7,072 | 6,967 | 6,848 | 6,704 | 6,570 | 6,584 | 6,514 | 6,335 | 6,135 | 6,220 | 6,034 | 5,995 | 5,941 | 5,721 | 6,024 | 6,950 | 7,032 | 7,439 | 7,603 | 7,725 |
Net Income Growth (YoY) | 7.64% | 5.82% | 5.13% | 5.83% | 7.09% | 5.85% | 7.95% | 5.67% | 3.26% | 8.72% | 0.17% | -13.74% | -15.52% | -23.09% | -20.77% | -10.03% | -17.90% | -13.46% | -4.05% | 21.18% |
Shares Outstanding (Basic) | 372 | 374 | 376 | 377 | 379 | 380 | 381 | 382 | 383 | 384 | 385 | 386 | 388 | 389 | 391 | 392 | 393 | 393 | 394 | 394 |
Shares Outstanding (Diluted) | 374 | 375 | 377 | 378 | 379 | 381 | 382 | 383 | 384 | 386 | 387 | 388 | 389 | 391 | 392 | 394 | 396 | 396 | 397 | 397 |
Shares Change (YoY) | -1.52% | -1.44% | -1.38% | -1.31% | -1.30% | -1.30% | -1.36% | -1.29% | -1.16% | -1.41% | -1.34% | -1.52% | -1.71% | -1.14% | -1.07% | -0.76% | -0.50% | -0.63% | -0.44% | -0.50% |
EPS (Basic) | 19.02 | 18.63 | 18.24 | 17.78 | 17.34 | 17.33 | 17.10 | 16.58 | 16.02 | 16.20 | 15.67 | 15.53 | 15.33 | 14.71 | 15.43 | 17.73 | 17.92 | 18.93 | 19.32 | 19.61 |
EPS (Diluted) | 18.97 | 18.58 | 18.19 | 17.74 | 17.32 | 17.30 | 17.06 | 16.53 | 15.95 | 16.13 | 15.59 | 15.45 | 15.26 | 14.64 | 15.34 | 17.63 | 17.79 | 18.79 | 19.19 | 19.46 |
EPS Growth (YoY) | 9.54% | 7.45% | 6.67% | 7.32% | 8.54% | 7.24% | 9.37% | 6.99% | 4.56% | 10.18% | 1.64% | -12.37% | -14.23% | -22.09% | -20.03% | -9.40% | -17.43% | -12.99% | -3.46% | 21.93% |
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 | 7,596 | 7,318 | 6,748 | 6,293 | 6,111 | 6,170 | 6,724 | 7,267 | 7,775 | 7,963 | 7,560 | 6,927 | 6,546 | 5,854 | 5,620 | 6,911 | 5,600 | 6,336 | 7,001 | 6,789 |
Free Cash Flow Per Share | 20.34 | 19.52 | 17.92 | 16.65 | 16.11 | 16.22 | 17.61 | 18.97 | 20.23 | 20.66 | 19.54 | 17.85 | 16.84 | 14.97 | 14.33 | 17.54 | 14.16 | 16.02 | 17.66 | 17.10 |
Dividend Per Share | 0.430 | 1.800 | 1.760 | 1.720 | 1.680 | 1.640 | 1.600 | 1.560 | 1.520 | 1.480 | 1.440 | 1.400 | 1.350 | 1.300 | 1.250 | 1.200 | 1.160 | 1.120 | 1.080 | 1.040 |
Dividend Growth (YoY) | -74.41% | 9.76% | 10.00% | 10.26% | 10.53% | 10.81% | 11.11% | 11.43% | 12.59% | 13.85% | 15.20% | 16.67% | 16.38% | 16.07% | 15.74% | 15.38% | 16.00% | 16.67% | 17.39% | 18.18% |
Gross Margin | 41.17% | 40.99% | 40.93% | 41.08% | 41.39% | 41.30% | 41.44% | 41.39% | 40.88% | 40.88% | 40.56% | 39.90% | 40.04% | 39.88% | 40.38% | 42.24% | 44.40% | 46.61% | 48.35% | 50.08% |
Operating Margin | 19.20% | 18.98% | 18.78% | 18.76% | 18.72% | 18.40% | 18.28% | 18.02% | 17.60% | 17.77% | 17.60% | 17.09% | 17.32% | 16.71% | 17.02% | 19.06% | 21.02% | 23.06% | 24.60% | 26.45% |
Profit Margin | 14.94% | 15.04% | 15.15% | 15.05% | 15.02% | 15.24% | 15.19% | 14.77% | 14.48% | 14.69% | 14.20% | 13.99% | 13.68% | 13.14% | 13.75% | 15.47% | 15.92% | 17.37% | 18.49% | 19.70% |
Free Cash Flow Margin | 16.04% | 15.79% | 14.93% | 14.12% | 13.97% | 14.28% | 15.67% | 16.95% | 18.35% | 18.80% | 17.79% | 16.16% | 15.08% | 13.45% | 12.83% | 15.39% | 12.68% | 14.80% | 17.03% | 17.31% |
EBITDA | 12,197 | 11,739 | 11,296 | 11,138 | 10,990 | 10,833 | 10,819 | 10,835 | 10,661 | 10,832 | 10,860 | 10,728 | 10,936 | 10,672 | 10,835 | 11,941 | 12,498 | 12,880 | 12,945 | 12,964 |
EBITDA Margin | 25.76% | 25.34% | 24.99% | 25.00% | 25.13% | 25.07% | 25.22% | 25.27% | 25.16% | 25.58% | 25.56% | 25.03% | 25.19% | 24.52% | 24.73% | 26.59% | 28.30% | 30.08% | 31.48% | 33.06% |
D&A For EBITDA | 3,105 | 2,942 | 2,809 | 2,780 | 2,804 | 2,883 | 2,977 | 3,108 | 3,205 | 3,308 | 3,383 | 3,406 | 3,415 | 3,400 | 3,381 | 3,381 | 3,216 | 3,006 | 2,830 | 2,592 |
EBIT | 9,092 | 8,797 | 8,487 | 8,358 | 8,186 | 7,950 | 7,842 | 7,727 | 7,456 | 7,524 | 7,477 | 7,322 | 7,521 | 7,272 | 7,454 | 8,560 | 9,282 | 9,874 | 10,115 | 10,372 |
EBIT Margin | 19.20% | 18.98% | 18.78% | 18.76% | 18.72% | 18.40% | 18.28% | 18.02% | 17.60% | 17.77% | 17.60% | 17.09% | 17.32% | 16.71% | 17.02% | 19.06% | 21.02% | 23.06% | 24.60% | 26.45% |
Effective Tax Rate | 9.48% | 7.88% | 7.07% | 7.53% | 7.64% | 6.21% | 6.74% | 9.39% | 9.47% | 8.76% | 7.97% | 4.55% | 5.19% | 5.01% | 6.91% | 9.17% | 9.42% | 11.55% | 11.55% | 12.55% |
Revenue as Reported | 44,556 | 46,336 | 45,197 | 44,556 | 43,736 | 43,212 | 42,898 | 42,879 | 42,370 | 42,346 | 42,492 | 42,857 | 43,421 | 43,524 | 43,807 | 44,915 | 44,167 | 42,820 | 41,123 | 39,211 |