Thermo Fisher Scientific (TMO) Tax Provisions (2009 - 2026)

Thermo Fisher Scientific (TMO) recorded quarterly Tax Provisions of $70.0 million in Q1 2026, down 54.25% on a QoQ basis from $153.0 million in Q4 2025, and down 26.32% year-over-year from $95.0 million in Q1 2025.

Thermo Fisher Scientific (TMO) Tax Provisions (2009 - 2026) Analysis & Trends

Thermo Fisher Scientific has disclosed Tax Provisions across 18 years of filings, most recently posting $70.0 million for Q1 2026.

  • Quarterly Tax Provisions fell 26.32% year-over-year to $70.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $522.0 million (up 10.59% YoY) and the FY2025 annual result came in at $547.0 million, down 16.74% from the prior year.
  • Tax Provisions retreated to $70.0 million in Q1 2026, from $153.0 million in the prior quarter.
  • Over five years, Tax Provisions peaked at $301.0 million in Q2 2022 and troughed at $31.0 million in Q4 2022.
  • A 5-year average of $133.1 million and a median of $128.0 million in 2024 frame the typical range for Tax Provisions.
  • Annual changes were most pronounced in 2022 — Tax Provisions plunged 88.56% — and 2024, when it jumped 510.87%.
  • Tracing TMO's Tax Provisions over 5 years: stood at $173.0 million in 2022, then slipped by 23.12% to $133.0 million in 2023, then advanced by 12.78% to $150.0 million in 2024, then rose by 2.0% to $153.0 million in 2025, then sank by 54.25% to $70.0 million in 2026.
  • Business Quant data shows TMO's Tax Provisions at $70.0 million in Q1 2026, $153.0 million in Q4 2025, and $207.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn -16.00 Mn
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 70.00 Mn
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 206.00 Mn
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 77.00 Mn
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 69.00 Mn
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 59.00 Mn
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn 300,000.00
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 23.00 Mn
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 40.20 Mn
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn 74.00 Mn

Historic Data

Download Data
DateValue
Mar 28, 2026 70.00 Mn
Dec 31, 2025 153.00 Mn
Sep 27, 2025 207.00 Mn
Jun 28, 2025 92.00 Mn
Mar 29, 2025 95.00 Mn
Dec 31, 2024 150.00 Mn
Sep 28, 2024 99.00 Mn
Jun 29, 2024 128.00 Mn
Mar 30, 2024 281.00 Mn
Dec 31, 2023 133.00 Mn
Sep 30, 2023 53.00 Mn
Jul 1, 2023 52.00 Mn
Apr 1, 2023 46.00 Mn
Dec 31, 2022 173.00 Mn
Oct 1, 2022 31.00 Mn
Jul 2, 2022 198.00 Mn
Apr 2, 2022 301.00 Mn
Dec 31, 2021 203.00 Mn
Oct 2, 2021 271.00 Mn
Jul 3, 2021 219.00 Mn