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Thermo Fisher Scientific (TMO) Tax Rate (2016 - 2025)

Thermo Fisher Scientific (TMO) has disclosed Tax Rate for 16 consecutive years, with 7.73% as the latest value for Q4 2024.

  • For the quarter ending Q4 2024, Tax Rate rose 8.0% year-over-year to 7.73%, compared with a TTM value of 9.35% through Dec 2024, up 484.0%, and an annual FY2025 reading of 7.48%, down 185.0% over the prior year.
  • Tax Rate was 7.73% for Q4 2024 at Thermo Fisher Scientific, up from 5.68% in the prior quarter.
  • Across five years, Tax Rate topped out at 17.68% in Q1 2024 and bottomed at 1.94% in Q4 2022.
  • Average Tax Rate over 5 years is 8.97%, with a median of 8.74% recorded in 2020.
  • The sharpest move saw Tax Rate plummeted -1193bps in 2020, then surged 1431bps in 2024.
  • Year by year, Tax Rate stood at 13.6% in 2020, then fell by -20bps to 10.9% in 2021, then decreased by -11bps to 9.74% in 2022, then decreased by -21bps to 7.64% in 2023, then increased by 1bps to 7.73% in 2024.
  • Business Quant data shows Tax Rate for TMO at 7.73% in Q4 2024, 5.68% in Q3 2024, and 7.25% in Q2 2024.