Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026)
Thermo Fisher Scientific's Tax Rate came in at 8.68% for Q2 2026, up 3.30 percentage points from 5.38% a year earlier and up 4.64 percentage points from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 27, 2026, Thermo Fisher Scientific reported Tax Rate of 7.82%, up 1.60 percentage points year-over-year; for FY2025, it came in at 7.48%, down 1.85 percentage points from FY2024.
- Tax Rate carries a five-year change of -4.27 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 9.34% in FY2024 (+4.83 pp), 4.51% in FY2023 (-4.46 pp), 8.97% in FY2022 (-3.57 pp) and 12.54% in FY2021 (+0.79 pp).
- The five-year range for quarterly Tax Rate is 1.94% (Q3 2022) to 17.68% (Q1 2024).
- Year-over-year, Tax Rate increased in four of the last eight quarters, with an average year-over-year change of -0.55 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2024 (a gain of 14.31 percentage points), and the weakest in Q1 2025 (a drop of 11.82 percentage points).
- Business Quant data shows TMO's Tax Rate at 4.04% (Q1 2026), 7.11% (Q4 2025) and 11.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 227.48 Bn | 5.13 Bn | 16.86% |
| 2 | Abbott Laboratories | 196.71 Bn | 171.17 Bn | 7.39 Bn | 25.26% |
| 3 | Intuitive Surgical | 162.39 Bn | 142.81 Bn | 2.08 Bn | 21.54% |
| 4 | Danaher | 159.24 Bn | 138.90 Bn | 3.84 Bn | - |
| 5 | Medtronic | 134.19 Bn | 100.06 Bn | 6.34 Bn | 16.34% |
| 6 | Stryker | 127.55 Bn | 113.73 Bn | 4.25 Bn | 24.47% |
| 7 | Boston Scientific | 64.68 Bn | 60.35 Bn | 3.43 Bn | 20.87% |
| 8 | Becton Dickinson | 58.15 Bn | 55.30 Bn | 2.32 Bn | 18.41% |
| 9 | Edwards Lifesciences | 57.96 Bn | 41.27 Bn | 1.35 Bn | 17.02% |
| 10 | Medline | 52.32 Bn | 49.45 Bn | 1.93 Bn | 17.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 16.86% |
| 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% |
API Access
Thermo Fisher Scientific Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "TMO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();