Operating Income for Thermo Fisher Scientific (TMO)
According to Thermo Fisher Scientific's latest reported financial statements, the company's current operating income (TTM) is $8.03B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$8.03B
YoY change
+5.8%
5Y CAGR
+0.5%
Peak year (2021)
$10.32B
Cumulative operating income
$82.24B
Operating Income history chart for Thermo Fisher Scientific (TMO) from 1985 to 2025
Operating Income history table for Thermo Fisher Scientific (TMO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $8.11B | +5.8% | ||
| 2024 | $7.66B | +2.9% | ||
| 2023 | $7.45B | -12.7% | ||
| 2022 | $8.53B | -17.4% | ||
| 2021 | $10.32B | +30.7% | ||
| 2020 | $7.90B | +85.4% | ||
| 2019 | $4.26B | +10.0% | ||
| 2018 | $3.87B | +18.5% | ||
| 2017 | $3.27B | +14.3% | ||
| 2016 | $2.86B | +14.6% | ||
| 2015 | $2.49B | +6.2% | ||
| 2014 | $2.35B | +30.6% | ||
| 2013 | $1.80B | +10.4% | ||
| 2012 | $1.63B | +10.0% | ||
| 2011 | $1.48B | +17.2% | ||
| 2010 | $1.26B | +13.1% | ||
| 2009 | $1.12B | -11.7% | ||
| 2008 | $1.27B | +18.8% | ||
| 2007 | $1.07B | +191.8% | ||
| 2006 | $365.30M | +24.3% | ||
| 2005 | $293.77M | +15.5% | ||
| 2004 | $254.44M | +37.7% | ||
| 2003 | $184.77M | +18.9% | ||
| 2002 | $155.45M | +354.5% | ||
| 2001 | $34.20M | -82.7% | ||
| 2000 | $198.16M | -20.3% | ||
| 1999 | $248.60M | -33.8% | ||
| 1998 | $375.80M | -7.7% | ||
| 1997 | $407.00M | +43.2% | ||
| 1996 | $284.20M | +14.9% | ||
| 1995 | $247.30M | +37.5% | ||
| 1994 | $179.80M | +45.5% | ||
| 1993 | $123.60M | +81.0% | ||
| 1992 | $68.30M | +78.3% | ||
| 1991 | $38.30M | +7.6% | ||
| 1990 | $35.60M | +100.0% | ||
| 1989 | $17.80M | -7.3% | ||
| 1988 | $19.20M | +156.0% | ||
| 1987 | $7.50M | -39.0% | ||
| 1986 | $12.30M | +151.0% | ||
| 1985 | $4.90M | — |
Operating Income values are taken from Thermo Fisher Scientific's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Thermo Fisher Scientific (TMO) operating income is $8.11B – grew 5.8% year-over-year.
Across 2020–2025 (5 years), Thermo Fisher Scientific operating income produced a CAGR of +0.5% – sustaining 2 straight years of year-over-year growth.
Thermo Fisher Scientific operating income peaked at $10.32B in 2021; the latest annual figure is $8.11B in 2025 (21.4% below peak).
$10.32B stands as the all-time-high annual operating income, posted in 2021, against a low of $4.90M during 1985.
Thermo Fisher Scientific (TMO) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $22.84B.
Thermo Fisher Scientific Operating Income by Year
Thermo Fisher Scientific Operating Income 2025: $8.11B
Thermo Fisher Scientific operating income in 2025 was $8.11B, grew 5.8% from 2024.
Thermo Fisher Scientific Operating Income 2024: $7.66B
Thermo Fisher Scientific operating income in 2024 was $7.66B, edged up 2.9% from 2023.
Thermo Fisher Scientific Operating Income 2023: $7.45B
Thermo Fisher Scientific operating income in 2023 was $7.45B, declined 12.7% below 2022.
Thermo Fisher Scientific Operating Income 2022: $8.53B
Thermo Fisher Scientific operating income in 2022 was $8.53B, declined 17.4% below 2021.
Thermo Fisher Scientific Operating Income 2021: $10.32B
Thermo Fisher Scientific operating income in 2021 was $10.32B.
See more financial history for Thermo Fisher Scientific (TMO).
Sector peers — Operating Income
Companies in the same sector as Thermo Fisher Scientific, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $127.66B | Healthcare |
| Eli Lilly and Company (LLY) | $29.70B | Healthcare |
| Merck & Co., Inc. (MRK) | $26.78B | Healthcare |
| Johnson & Johnson (JNJ) | $25.60B | Healthcare |
| AbbVie Inc. (ABBV) | $20.09B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $18.96B | Healthcare |
| AstraZeneca PLC (AZN) | $13.74B | Healthcare |
| Amgen Inc. (AMGN) | $10.68B | Healthcare |
Frequently asked questions
What is Thermo Fisher Scientific's operating income?
- Latest reported operating income for Thermo Fisher Scientific (TMO) is $8.03B (period ending March 28, 2026).
How has Thermo Fisher Scientific operating income changed year-over-year?
- Thermo Fisher Scientific (TMO) operating income changed +5.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Thermo Fisher Scientific operating income?
- Thermo Fisher Scientific (TMO) operating income compound annual growth rate is +0.5% over the most recent 5 years available.
When did Thermo Fisher Scientific operating income hit its highest annual value?
- Thermo Fisher Scientific operating income reached its highest annual value of $10.32B in 2021.
What was Thermo Fisher Scientific operating income in 2024?
- Thermo Fisher Scientific (TMO) operating income in 2024 was $7.66B.
What was Thermo Fisher Scientific operating income in 2025?
- Thermo Fisher Scientific (TMO) operating income in 2025 was $8.11B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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