THERMO FISHER SCIENTIFIC INC. (TMO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	47.4B	44.6B	42.9B	42.9B	44.9B
Cost of Revenue	27.7B	26.3B	25.2B	25.7B	25.9B
Gross Profit	19.6B	18.2B	17.7B	17.2B	19.0B
Operating Expenses
R&D Expense	1.4B	1.4B	1.4B	1.3B	1.5B
SG&A Expense	7.9B	8.7B	8.7B	8.4B	9.0B
General & Admin Expense	3.8B	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	1.8B	—	—	—	—
Total Operating Expenses	11.1B	10.1B	10.1B	9.7B	10.5B
Cost and Expenses	38.8B	36.4B	35.2B	35.4B	36.4B
Operating Income (EBIT)	8.5B	8.1B	7.7B	7.4B	8.5B
Non-Operating
Interest Income	950.0M	993.0M	1.1B	879.0M	272.0M
Interest Expense	1.5B	1.4B	1.7B	1.5B	726.0M
Net Interest Income	(587.0M)	(426.0M)	(576.0M)	(612.0M)	(454.0M)
Other Non-Op Income/Expense	(646.0M)	(842.0M)	(667.0M)	(1.2B)	(862.0M)
Non-Operating Income (excl Interest)	(437.0M)	(577.0M)	(1.0B)	(343.0M)	(36.0M)
EBT (Pre-Tax Income)	7.9B	7.3B	7.0B	6.2B	7.7B
Income Tax Expense	742.0M	547.0M	657.0M	284.0M	703.0M
Bottom Line
Net Income	7.1B	6.7B	6.3B	6.0B	7.0B
Earnings from Cont. Ops	7.1B	6.7B	6.3B	6.0B	7.0B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	7.1B	6.7B	6.3B	6.0B	7.0B
Per Share
Basic EPS	$18.99	$17.77	$16.58	$15.53	$17.73
Diluted EPS	$18.96	$17.74	$16.53	$15.45	$17.64
Revenue Per Share	$127.98	$118.50	$112.25	$111.03	$114.58
Shares
Basic Shares Outstanding	370.0M	376.0M	382.0M	386.0M	392.0M
Diluted Shares Outstanding	371.0M	377.0M	383.0M	388.0M	394.0M
Profitability Metrics
EBITDA	11.2B	11.5B	11.8B	11.2B	11.9B
D&A	2.3B	2.8B	3.1B	3.4B	3.4B
EBIT	9.0B	8.7B	8.7B	7.8B	8.6B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026