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Thermo Fisher Scientific (TMO) Tax Rate: 2009-2024

Historic Tax Rate for Thermo Fisher Scientific (TMO) over the last 14 years, with Dec 2024 value amounting to 9.34%.

  • Thermo Fisher Scientific's Tax Rate rose 565.00% to 11.34% in Q3 2025 from the same period last year, while for Sep 2025 it was 7.67%, marking a year-over-year decrease of 171.00%. This contributed to the annual value of 9.34% for FY2024, which is 483.00% up from last year.
  • Per Thermo Fisher Scientific's latest filing, its Tax Rate stood at 9.34% for FY2024, which was up 107.04% from 4.51% recorded in FY2023.
  • In the past 5 years, Thermo Fisher Scientific's Tax Rate ranged from a high of 12.54% in FY2021 and a low of 4.51% during FY2023.
  • In the last 3 years, Thermo Fisher Scientific's Tax Rate had a median value of 8.97% in 2022 and averaged 7.61%.
  • Its Tax Rate has fluctuated over the past 5 years, first plummeted by 446bps in 2023, then spiked by 483bps in 2024.
  • Yearly analysis of 5 years shows Thermo Fisher Scientific's Tax Rate stood at 11.76% in 2020, then spiked by 79bps to 12.54% in 2021, then tumbled by 357bps to 8.97% in 2022, then crashed by 446bps to 4.51% in 2023, then spiked by 483bps to 9.34% in 2024.