Thermo Fisher Scientific TMO
NYSE TMO
$659.18 +10.75 (+1.66%)
As of: Sep 17, 2026 · 3:59 PM EDT

Thermo Fisher Scientific (TMO) Cost of Revenue (2009 - 2026)

Thermo Fisher Scientific's (TMO) quarterly Cost of Revenue came in at $3.6 billion in Q2 2026, up 12.69% on a YoY basis from $3.2 billion in Q2 2025, and up 10.14% quarter-over-quarter from $3.3 billion in Q1 2026.

Analysis

Thermo Fisher Scientific (TMO) Cost of Revenue (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Cost of Revenue for 18 consecutive years, with $3.6 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 12.69% year-over-year to $3.6 billion; the trailing twelve-month figure through Jun 2026 stood at $14.0 billion (up 9.65% YoY), and the FY2025 full-year result was $13.4 billion, up 5.93% from the prior year.
  • Cost of Revenue grew to $3.6 billion in Q2 2026 per TMO's latest filing, from $3.3 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $3.7 billion in Q4 2025 and bottomed at $3.1 billion in Q2 2024.
  • Historically, Cost of Revenue has averaged $3.4 billion across 5 years, with a median of $3.3 billion in 2025.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 10487.88% in 2022, then dropped 9.32% in 2023.
  • Over 5 years, Cost of Revenue stood at $3.7 billion in 2022, then dropped by 9.32% to $3.3 billion in 2023, then dropped by 2.99% to $3.2 billion in 2024, then grew by 14.91% to $3.7 billion in 2025, then retreated by 1.93% to $3.6 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $3.6 billion, $3.3 billion, and $3.7 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Thermo Fisher Scientific 241.68 Bn 237.61 Bn 8.34 Bn 3.65 Bn
2 Danaher 147.34 Bn 142.99 Bn 3.61 Bn 2.65 Bn
3 Agilent Technologies 43.34 Bn 41.59 Bn 1.04 Bn 836.00 Mn
4 Illumina 34.58 Bn 33.41 Bn 770.00 Mn 389.00 Mn
5 Revvity 16.31 Bn 15.29 Bn 416.87 Mn 312.82 Mn
6 Bio-Techne 11.28 Bn 11.01 Bn 211.39 Mn 109.80 Mn
7 Bio-Rad Laboratories 10.16 Bn 8.54 Bn 345.80 Mn 305.20 Mn
8 Repligen 9.77 Bn 8.75 Bn 110.04 Mn 94.09 Mn
9 10x Genomics 9.45 Bn 8.90 Bn 112.50 Mn 38.54 Mn
10 Bruker 9.26 Bn 9.04 Bn 416.00 Mn 422.50 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 3.65 Bn
Mar 28, 2026 3.31 Bn
Dec 31, 2025 3.72 Bn
Sep 27, 2025 3.32 Bn
Jun 28, 2025 3.24 Bn
Mar 29, 2025 3.13 Bn
Dec 31, 2024 3.24 Bn
Sep 28, 2024 3.17 Bn
Jun 29, 2024 3.11 Bn
Mar 30, 2024 3.20 Bn
Dec 31, 2023 3.34 Bn
Sep 30, 2023 3.21 Bn
Jul 1, 2023 3.28 Bn
Apr 1, 2023 3.34 Bn
Dec 31, 2022 3.68 Bn
Oct 1, 2022 3.49 Bn
Jul 2, 2022 3.52 Bn
Apr 2, 2022 3.56 Bn
Dec 31, 2021 3.62 Bn
Oct 2, 2021 33.00 Mn