Tax
Foreign Rate Differential
Thermo Fisher Scientific Foreign Rate Differential decreased by 248.8% to -$150.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 248.8%, from -$43.00M to -$150.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryOther
SignalLower is better
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026May 1, 2026
How to read this metric
A negative differential suggests lower average tax rates abroad, which can improve net margins, while a positive differential indicates higher foreign tax burdens.
Detailed definition
Quantifies the difference between the domestic statutory corporate tax rate and the weighted average tax rates applicabl...
Peer comparison
Standard metric for multinational insurance and financial services firms with global operations.
Metric ID:
tmo_foreign_rate_differentialHistorical Data
13 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$18.00M | -$86.00M | -$82.00M | -$56.00M | -$147.00M | -$52.00M | -$73.00M | -$51.00M | -$38.00M | -$38.00M | -$17.00M | -$43.00M | -$150.00M |
| QoQ Change | — | -377.8% | +4.7% | +31.7% | -162.5% | +64.6% | -40.4% | +30.1% | +25.5% | +0.0% | +55.3% | -152.9% | -248.8% |
| YoY Change | — | — | — | -211.1% | -70.9% | +36.6% | -30.4% | +65.3% | +26.9% | +47.9% | +66.7% | -13.2% | -248.8% |
Range-$150.00M – -$17.00M
CAGR+102.7%
Avg YoY Growth-33.1%
Median YoY Growth+6.9%
Current Streak2 quarters decline
Foreign Rate Differential at Other Companies
Frequently Asked Questions
- What is Thermo Fisher Scientific's foreign rate differential?
- Thermo Fisher Scientific (TMO) reported foreign rate differential of -$150.00M in Q1 2026.
- How has Thermo Fisher Scientific's foreign rate differential changed year-over-year?
- Thermo Fisher Scientific's foreign rate differential decreased by 248.8% year-over-year, from -$43.00M to -$150.00M.
- What does foreign rate differential mean?
- The tax rate advantage or disadvantage of operating in foreign countries versus the home country.