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) Research & Development (2009 - 2026)

Thermo Fisher Scientific's (TMO) quarterly Research & Development came in at $364.0 million in Q2 2026, up 3.41% on a YoY basis from $352.0 million in Q2 2025, and up 8.33% quarter-over-quarter from $336.0 million in Q1 2026.

Analysis

Thermo Fisher Scientific (TMO) Research & Development (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific (TMO) has reported Research & Development for 18 consecutive years, with $364.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development rose 3.41% year-over-year to $364.0 million; the trailing twelve-month figure through Jun 2026 stood at $1.4 billion (down 0.85% YoY), and the FY2025 full-year result was $1.4 billion, up 0.5% from the prior year.
  • Research & Development climbed to $364.0 million in Q2 2026 per TMO's latest filing, from $336.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $391.0 million in Q4 2022 and bottomed at $319.0 million in Q3 2023.
  • Historically, Research & Development has averaged $349.7 million across 5 years, with a median of $346.0 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Research & Development dropped 16.37% in 2023, then rose 14.37% in 2024.
  • Over 5 years, Research & Development stood at $391.0 million in 2022, then decreased by 16.37% to $327.0 million in 2023, then grew by 14.37% to $374.0 million in 2024, then slipped by 4.81% to $356.0 million in 2025, then rose by 2.25% to $364.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $364.0 million, $336.0 million, and $356.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Thermo Fisher Scientific 241.68 Bn 237.61 Bn 8.34 Bn 364.00 Mn
2 Danaher 147.34 Bn 142.99 Bn 3.61 Bn 412.00 Mn
3 Agilent Technologies 43.34 Bn 41.59 Bn 1.04 Bn 123.00 Mn
4 Illumina 34.58 Bn 33.41 Bn 770.00 Mn 252.00 Mn
5 Revvity 16.31 Bn 15.29 Bn 416.87 Mn 48.97 Mn
6 Bio-Techne 11.28 Bn 11.01 Bn 211.39 Mn 23.95 Mn
7 Bio-Rad Laboratories 10.16 Bn 8.54 Bn 345.80 Mn 61.20 Mn
8 Repligen 9.77 Bn 8.75 Bn 110.04 Mn 14.42 Mn
9 10x Genomics 9.45 Bn 8.90 Bn 112.50 Mn 56.79 Mn
10 Bruker 9.26 Bn 9.04 Bn 416.00 Mn 94.30 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 27, 2026 364.00 Mn
Mar 28, 2026 336.00 Mn
Dec 31, 2025 356.00 Mn
Sep 27, 2025 346.00 Mn
Jun 28, 2025 352.00 Mn
Mar 29, 2025 342.00 Mn
Dec 31, 2024 374.00 Mn
Sep 28, 2024 346.00 Mn
Jun 29, 2024 339.00 Mn
Mar 30, 2024 331.00 Mn
Dec 31, 2023 327.00 Mn
Sep 30, 2023 319.00 Mn
Jul 1, 2023 345.00 Mn
Apr 1, 2023 346.00 Mn
Dec 31, 2022 391.00 Mn
Oct 1, 2022 351.00 Mn
Jul 2, 2022 365.00 Mn
Apr 2, 2022 364.00 Mn
Dec 31, 2021 392.00 Mn
Oct 2, 2021 351.00 Mn