Thermo Fisher Scientific (TMO) Operating Income (2009 - 2026)

Thermo Fisher Scientific (TMO) posted Operating Income of $1.9 billion for Q1 2026, down 17.38% quarter-over-quarter from $2.3 billion in Q4 2025, and up 8.57% year-on-year from $1.7 billion in Q1 2025.

Thermo Fisher Scientific (TMO) Operating Income (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Operating Income for 18 consecutive years, with $1.9 billion the latest figure, recorded in Q1 2026.

  • Operating Income for Q1 2026 came in at $1.9 billion, up 8.57% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.9 billion (up 6.81% YoY), and the FY2025 annual result was $7.7 billion, up 5.57% from the prior year.
  • Operating Income was $1.9 billion for Q1 2026 at Thermo Fisher Scientific, down from $2.3 billion in the prior quarter.
  • Over five years, Operating Income peaked at $2.8 billion in Q2 2022 and troughed at $1.6 billion in Q2 2023.
  • Average Operating Income over 5 years is $1.9 billion, with a median of $1.9 billion recorded in 2023.
  • Year-over-year, Operating Income tumbled 44.59% in 2023 and increased 15.34% in 2024.
  • Over 5 years, Operating Income stood at $1.9 billion in 2022, then slipped by 0.38% to $1.9 billion in 2023, then gained by 8.74% to $2.0 billion in 2024, then gained by 11.86% to $2.3 billion in 2025, then slipped by 17.38% to $1.9 billion in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were $1.9 billion in Q1 2026, $2.3 billion in Q4 2025, and $1.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -47.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 1.86 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 1.34 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 362.59 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -93.52 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 399.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 514.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 209.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 238.95 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 399.00 Mn

Historic Data

Download Data
DateValue
Mar 28, 2026 1.86 Bn
Dec 31, 2025 2.26 Bn
Sep 27, 2025 1.94 Bn
Jun 28, 2025 1.83 Bn
Mar 29, 2025 1.72 Bn
Dec 31, 2024 2.02 Bn
Sep 28, 2024 1.84 Bn
Jun 29, 2024 1.82 Bn
Mar 30, 2024 1.66 Bn
Dec 31, 2023 1.85 Bn
Sep 30, 2023 1.86 Bn
Jul 1, 2023 1.58 Bn
Apr 1, 2023 1.56 Bn
Dec 31, 2022 1.86 Bn
Oct 1, 2022 1.71 Bn
Jul 2, 2022 2.00 Bn
Apr 2, 2022 2.82 Bn
Dec 31, 2021 2.54 Bn
Oct 2, 2021 2.28 Bn
Jul 3, 2021 2.16 Bn