Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026)
Thermo Fisher Scientific's (TMO) quarterly Tax Rate came in at 8.68% in Q2 2026, up 330.0% on a YoY basis from 2.02% in Q2 2025, and up 115.01% quarter-over-quarter from 4.04% in Q1 2026.
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Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026) Analysis & Trends
Thermo Fisher Scientific (TMO) has reported Tax Rate for 18 consecutive years, with 8.68% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 330.0% year-over-year to 8.68%; the trailing twelve-month figure through Jun 2026 stood at 7.82% (up 160.0% YoY), and the FY2025 full-year result was 7.48%, down 185.0% from the prior year.
- Tax Rate improved to 8.68% in Q2 2026 per TMO's latest filing, from 4.04% 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.
- Historically, Tax Rate has averaged 7.35% across 5 years, with a median of 7.18% in 2024.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 1431 bps in 2024, then tumbled 1182 bps in 2025.
- Over 5 years, Tax Rate stood at 9.74% in 2022, then declined by 21 bps to 7.64% in 2023, then increased by 1 bps to 7.73% in 2024, then slipped by 8 bps to 7.11% in 2025, then gained by 22 bps to 8.68% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 8.68%, 4.04%, and 7.11% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 8.68% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 19.29% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 18.47% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 20.38% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 15.82% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 22.72% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 31.49% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 64.62% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 3.83% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | -27.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 8.68% |
| Mar 28, 2026 | 4.04% |
| Dec 31, 2025 | 7.11% |
| Sep 27, 2025 | 11.34% |
| Jun 28, 2025 | 5.38% |
| Mar 29, 2025 | 5.86% |
| Dec 31, 2024 | 7.73% |
| Sep 28, 2024 | 5.68% |
| Jun 29, 2024 | 7.25% |
| Mar 30, 2024 | 17.68% |
| Dec 31, 2023 | 7.64% |
| Sep 30, 2023 | 3.00% |
| Jul 1, 2023 | 3.64% |
| Apr 1, 2023 | 3.37% |
| Dec 31, 2022 | 9.74% |
| Oct 1, 2022 | 1.94% |
| Jul 2, 2022 | 10.33% |
| Apr 2, 2022 | 11.85% |
| Dec 31, 2021 | 10.90% |
| Oct 2, 2021 | 12.45% |