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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |