Thermo Fisher Scientific (TMO) Gross Margin (2009 - 2026)

Thermo Fisher Scientific has reported Gross Margin for 18 years, with the latest figure at 69.57% in Q2 2026.

• Gross Margin for Q2 2026 came in at 69.57%, down 59.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 69.78% (down 67.0% YoY), and the FY2025 annual result was 69.91%, down 57.0% from the prior year.
• Gross Margin steadied at 69.57% in Q2 2026, from 69.89% in the prior quarter.
• Over five years, Gross Margin peaked at 71.58% in Q4 2024 and troughed at 67.28% in Q4 2022.
• A 5-year average of 69.47% and a median of 69.59% in 2023 frame the typical range for Gross Margin.
• The largest YoY upside for Gross Margin was 410 bps in 2022 against a maximum downside of 3237 bps in 2022.
• A 5-year view of Gross Margin shows it stood at 67.84% in 2022, then advanced by 2 bps to 69.33% in 2023, then climbed by 3 bps to 71.58% in 2024, then dropped by 3 bps to 69.53% in 2025, then gained by 0 bps to 69.57% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 69.57% in Q2 2026, 69.89% in Q1 2026, and 69.53% in Q4 2025.