Thermo Fisher Scientific (TMO) Operating Expenses (2009 - 2026)
Thermo Fisher Scientific (TMO) posted Operating Expenses of $9.1 billion for Q1 2026, down 8.21% quarter-over-quarter from $10.0 billion in Q4 2025, and up 5.71% year-on-year from $8.6 billion in Q1 2025.
Thermo Fisher Scientific (TMO) Operating Expenses (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific (TMO) has reported Operating Expenses for 18 consecutive years, with $9.1 billion the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $9.1 billion, up 5.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $37.3 billion (up 5.06% YoY), and the FY2025 annual result was $36.8 billion, up 3.57% from the prior year.
- Operating Expenses was $9.1 billion for Q1 2026 at Thermo Fisher Scientific, down from $10.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $10.0 billion in Q4 2025 and troughed at $8.6 billion in Q1 2025.
- Average Operating Expenses over 5 years is $9.1 billion, with a median of $9.0 billion recorded in 2025.
- Year-over-year, Operating Expenses surged 31.21% in 2022 and fell 5.81% in 2023.
- Over 5 years, Operating Expenses stood at $9.6 billion in 2022, then declined by 5.81% to $9.0 billion in 2023, then gained by 3.84% to $9.4 billion in 2024, then advanced by 6.19% to $10.0 billion in 2025, then slipped by 8.21% to $9.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $9.1 billion in Q1 2026, $10.0 billion in Q4 2025, and $9.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 790.16 Mn |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 1.44 Bn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 553.00 Mn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 Bn | 942.00 Mn | 2.50 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 9.14 Bn |
| Dec 31, 2025 | 9.96 Bn |
| Sep 27, 2025 | 9.18 Bn |
| Jun 28, 2025 | 9.02 Bn |
| Mar 29, 2025 | 8.65 Bn |
| Dec 31, 2024 | 9.38 Bn |
| Sep 28, 2024 | 8.76 Bn |
| Jun 29, 2024 | 8.72 Bn |
| Mar 30, 2024 | 8.68 Bn |
| Dec 31, 2023 | 9.03 Bn |
| Sep 30, 2023 | 8.71 Bn |
| Jul 1, 2023 | 9.11 Bn |
| Apr 1, 2023 | 9.15 Bn |
| Dec 31, 2022 | 9.59 Bn |
| Oct 1, 2022 | 8.97 Bn |
| Jul 2, 2022 | 8.97 Bn |
| Apr 2, 2022 | 9.00 Bn |
| Dec 31, 2021 | 8.16 Bn |
| Oct 2, 2021 | 7.05 Bn |
| Jul 3, 2021 | 7.11 Bn |