Thermo Fisher Scientific TMO Revenue Breakdown

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Annual revenue breakdowns for Thermo Fisher Scientific, fiscal 2009 to 2025, as reported in its filings.
Annual history

Thermo Fisher Scientific Revenue by Geography

Years FY 2009–2025
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FY 2025 Total $43.84B

Other was Thermo Fisher Scientific’s largest region in fiscal 2025, bringing in $22.32B of $43.84B (51%).

Thermo Fisher Scientific revenue by geography, fiscal 2009 to 2025
Geography FY 2009 FY 2010 FY 2012 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Other — — — $22.32B
Europe $10.76B $10.74B — $11.83B
Asia-Pacific $8.12B $7.87B $7.96B $8.10B
Other Regions $1.44B $1.48B $1.56B $1.60B
Total $44.92B $42.86B $31.27B $43.84B
Totals include 6 discontinued lines from earlier reporting.

Thermo Fisher Scientific revenue by geography: what the figures show

Thermo Fisher Scientific brought in $43.84B from its four regions in fiscal 2025, the year ended December 31, 2025. Thermo Fisher Scientific regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $31.27B. Other was the largest at $22.32B (50.9%), ahead of Europe at $11.83B (27.0%) and Asia-Pacific at $8.10B (18.5%). The remaining region, Other Regions, brought in $1.60B.

Compared with fiscal 2024, Other Regions grew 2.3% to $1.60B and Asia-Pacific grew 1.8% to $8.10B.

Thermo Fisher Scientific began breaking out Other in fiscal 2025, when it brought in $22.32B. Thermo Fisher Scientific stopped reporting North America ($22.76B in fiscal 2023) and United States ($21.76B in fiscal 2024) as separate regions.

Annual history

Thermo Fisher Scientific Revenue by Product & Service

Years FY 2016–2025
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FY 2025 Total $44.56B

Consumables was Thermo Fisher Scientific’s largest product and service line in fiscal 2025, bringing in $18.66B of $44.56B (42%).

Thermo Fisher Scientific revenue by product and service, fiscal 2016 to 2025
Product and Service FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Consumables $20.62B $17.60B $17.59B $18.66B
Service Revenues $16.37B $17.61B $17.85B $18.59B
Instruments $7.92B $7.65B $7.45B $7.30B
Total $44.92B $42.86B $42.88B $44.56B
Totals include 2 discontinued lines from earlier reporting.

Thermo Fisher Scientific revenue by product and service: what the figures show

Thermo Fisher Scientific brought in $44.56B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 3.9% from $42.88B in fiscal 2024. Consumables was the largest at $18.66B (41.9%), ahead of Service Revenues at $18.59B (41.7%) and Instruments at $7.30B (16.4%).

Compared with fiscal 2024, Consumables grew fastest, up 6.1% to $18.66B, while Instruments fell the most, down 1.9% to $7.30B. From fiscal 2022 to 2025, combined revenue from these lines fell from $44.92B to $44.56B, a compound annual decline of 0.3%. Consumables' share of the total fell from 45.9% to 41.9%.

Annual history

Thermo Fisher Scientific Revenue by Subsegments

Years FY 2024
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FY 2024 Total $31.08B

Pharma Services was Thermo Fisher Scientific’s largest segment in fiscal 2024, bringing in $6.69B of $31.08B (22%).

Thermo Fisher Scientific revenue by subsegments, fiscal 2024 to 2024
Subsegments FY 2024
Pharma Services $6.69B
Biosciences $4.19B
Chromatography & Mass Spectrometry $3.28B
Electron Microscopy $2.87B
Genetic Sciences $2.79B
Bioproduction $2.65B
Laboratory Products $2.53B
Healthcare Market Channel $1.76B
Chemical Analysis $1.32B
Clinical Diagnostics $1.06B
Immunodiagnostics $864.00M
Microbiology $633.00M
Transplant Diagnostics $454.00M
Total $31.08B

Thermo Fisher Scientific revenue by subsegments: what the figures show

Thermo Fisher Scientific brought in $31.08B from its 13 segments in fiscal 2024, the year ended December 31, 2024. Pharma Services was the largest at $6.69B (21.5%), ahead of Biosciences at $4.19B (13.5%) and Chromatography & Mass Spectrometry at $3.28B (10.5%). The other 10 segments brought in $16.93B combined.

Questions

Thermo Fisher Scientific Revenue Breakdown FAQ

How does Thermo Fisher Scientific make money?

Thermo Fisher Scientific (TMO) reports its revenue by geography, by product and service and by subsegments. In fiscal 2025, Other was its largest region, bringing in $22.32B (50.9% of the total), followed by Europe at $11.83B (27.0%).

What is Thermo Fisher Scientific's largest region?

Other was Thermo Fisher Scientific's largest region in fiscal 2025, bringing in $22.32B, or 50.9% of the $43.84B total across its four regions.

What is Thermo Fisher Scientific's largest product and service line?

Consumables was Thermo Fisher Scientific's largest product and service line in fiscal 2025, bringing in $18.66B, or 41.9% of the $44.56B total across its three product and service lines.

What is Thermo Fisher Scientific's largest segment?

Pharma Services was Thermo Fisher Scientific's largest segment in fiscal 2024, bringing in $6.69B, or 21.5% of the $31.08B total across its 13 segments.

Which Thermo Fisher Scientific product and service line is growing the fastest?

Among Thermo Fisher Scientific's product and service lines that make up at least 2% of revenue, Consumables grew fastest in fiscal 2025, up 6.1% from $17.59B to $18.66B.

Where does this revenue breakdown data come from?

Every figure comes from Thermo Fisher Scientific's annual financial filings, as reported. Each line keeps the name Thermo Fisher Scientific gives it, and years follow its fiscal calendar.

How far back does Thermo Fisher Scientific's revenue breakdown go?

Thermo Fisher Scientific's revenue by geography goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.