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

Thermo Fisher Scientific (TMO) has reported Tax Rate for 18 consecutive years, with 4.04% the latest figure, recorded in Q1 2026.

• Tax Rate for Q1 2026 came in at 4.04%, down 183.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.03% (up 36.0% YoY), and the FY2025 annual result was 7.48%, down 185.0% from the prior year.
• Tax Rate was 4.04% for Q1 2026 at Thermo Fisher Scientific, down from 7.11% in the prior quarter.
• Over five years, Tax Rate peaked at 17.68% in Q1 2024 and troughed at 1.94% in Q4 2022.
• Average Tax Rate over 5 years is 7.27%, with a median of 7.11% recorded in 2025.
• Year-over-year, Tax Rate soared 1431 bps in 2024 and plunged 1182 bps in 2025.
• Over 5 years, Tax Rate stood at 9.74% in 2022, then fell by 21 bps to 7.64% in 2023, then rose by 1 bps to 7.73% in 2024, then dropped by 8 bps to 7.11% in 2025, then tumbled by 43 bps to 4.04% in 2026.
• Per Business Quant data, the three most recent Tax Rate figures were 4.04% in Q1 2026, 7.11% in Q4 2025, and 11.34% in Q3 2025.