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

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

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

Thermo Fisher Scientific has disclosed Operating Income across 18 years of filings, most recently posting $1.9 billion for Q1 2026.

  • Quarterly Operating Income rose 8.57% year-over-year to $1.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.9 billion (up 6.81% YoY) and the FY2025 annual result came in at $7.7 billion, up 5.57% from the prior year.
  • Operating Income fell to $1.9 billion in Q1 2026, 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.
  • A 5-year average of $1.9 billion and a median of $1.9 billion in 2023 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2023 — Operating Income sank 44.59% — and 2024, when it climbed 15.34%.
  • Tracing TMO's Operating Income over 5 years: stood at $1.9 billion in 2022, then decreased by 0.38% to $1.9 billion in 2023, then rose by 8.74% to $2.0 billion in 2024, then rose by 11.86% to $2.3 billion in 2025, then decreased by 17.38% to $1.9 billion in 2026.
  • Business Quant data shows TMO's Operating Income at $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 29,902.70 Bn 29,902.24 Bn 1.11 Bn -47.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 1.86 Bn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 1.34 Bn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 362.59 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 399.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 514.00 Mn
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -93.52 Mn
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 209.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 238.95 Mn
10 Quest Diagnostics 21.68 Bn 21.59 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