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

Thermo Fisher Scientific has reported Tax Rate for 18 years, with the latest figure at 8.68% in Q2 2026.

• Tax Rate for Q2 2026 came in at 8.68%, up 330.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 7.82% (up 160.0% YoY), and the FY2025 annual result was 7.48%, down 185.0% from the prior year.
• Tax Rate improved to 8.68% in Q2 2026, from 4.04% in the prior quarter.
• Over five years, Tax Rate peaked at 17.68% in Q1 2024 and troughed at 1.94% in Q4 2022.
• A 5-year average of 7.35% and a median of 7.18% in 2024 frame the typical range for Tax Rate.
• The widest annual swing landed in 2024, when Tax Rate jumped 1431 bps; it then sank 1182 bps in 2025.
• A 5-year view of Tax Rate shows it stood at 9.74% in 2022, then slipped by 21 bps to 7.64% in 2023, then climbed by 1 bps to 7.73% in 2024, then retreated by 8 bps to 7.11% in 2025, then increased by 22 bps to 8.68% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 8.68% in Q2 2026, 4.04% in Q1 2026, and 7.11% in Q4 2025.