Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026)
Thermo Fisher Scientific (TMO) posted quarterly Tax Rate of 8.68% for Q2 2026, up 330.0% year-over-year from 2.02% in Q2 2025, and up 115.01% on a QoQ basis from 4.04% in Q1 2026.
Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026) Analysis & Trends
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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.86 Bn | 209.80 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 140.41 Bn | 136.07 Bn | 3.61 Bn | 19.29% |
| 3 | Idexx Laboratories | 46.33 Bn | 46.13 Bn | 779.09 Mn | 18.89% |
| 4 | Agilent Technologies | 39.71 Bn | 37.90 Bn | 990.00 Mn | 16.91% |
| 5 | Iqvia Holdings | 39.35 Bn | 37.27 Bn | 1.44 Bn | 19.93% |
| 6 | Natera | 38.97 Bn | 37.87 Bn | 696.04 Mn | -0.35% |
| 7 | Illumina | 30.09 Bn | 28.92 Bn | 770.00 Mn | 20.38% |
| 8 | Mettler Toledo International | 28.70 Bn | 28.65 Bn | 650.22 Mn | 19.52% |
| 9 | Quest Diagnostics | 26.19 Bn | 25.56 Bn | 1.03 Bn | 21.36% |
| 10 | Labcorp Holdings | 25.89 Bn | 24.91 Bn | 1.01 Bn | 13.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 8.68% |
| Jun 27, 2026 | 8.68% |
| Jun 27, 2026 | 8.68% |
| Mar 28, 2026 | 4.04% |
| Mar 28, 2026 | 4.04% |
| Mar 28, 2026 | 4.04% |
| Dec 31, 2025 | 7.11% |
| Dec 31, 2025 | 7.11% |
| Dec 31, 2025 | 7.11% |
| Sep 27, 2025 | 11.34% |
| Sep 27, 2025 | 11.34% |
| Sep 27, 2025 | 11.34% |
| Jun 28, 2025 | 5.38% |
| Jun 28, 2025 | 5.38% |
| Jun 28, 2025 | 5.38% |
| Mar 29, 2025 | 5.86% |
| Mar 29, 2025 | 5.86% |
| Mar 29, 2025 | 5.86% |
| Dec 31, 2024 | 7.73% |
| Dec 31, 2024 | 7.73% |