What is Thermo Fisher Scientific's income tax at u.s. statutory rate?

Thermo Fisher Scientific (TMO) reported income tax at u.s. statutory rate of $364.00M in Q1 2026.

How has Thermo Fisher Scientific's income tax at u.s. statutory rate changed year-over-year?

Thermo Fisher Scientific's income tax at u.s. statutory rate increased by 7.1% year-over-year, from $340.00M to $364.00M.

What does income tax at u.s. statutory rate mean?

The tax expense calculated using the standard federal tax rate.

Tax

Income Tax at U.S. Statutory Rate

Thermo Fisher Scientific Income Tax at U.S. Statutory Rate increased by 7.1% to $364.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.1%, from $340.00M to $364.00M.

Analysis

StatementIncome Statement

SectionTax

CategoryRisk

SignalContext dependent

VolatilityStable

First reportedQ1 2015

Last reportedQ1 2026May 1, 2026

How to read this metric

Used as a benchmark to evaluate how much the company's actual tax rate deviates from the statutory norm.

Detailed definition

The theoretical income tax expense calculated by applying the U.S. federal statutory tax rate to the company's income be...

Peer comparison

Standard disclosure in the tax rate reconciliation table for all U.S. public companies.

Metric ID: cat_income_tax_at_statutory_rate

Historical 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	$430.00M	$456.00M	$533.00M	$403.00M	$336.00M	$286.00M	$301.00M	$370.00M	$334.00M	$370.00M	$366.00M	$340.00M	$364.00M
QoQ Change	—	+6.0%	+16.9%	-24.4%	-16.6%	-14.9%	+5.2%	+22.9%	-9.7%	+10.8%	-1.1%	-7.1%	+7.1%
YoY Change	—	—	—	-6.3%	-26.3%	-46.3%	-25.3%	+10.1%	+16.8%	+22.9%	-1.1%	+1.8%	+7.1%

Range$286.00M – $533.00M

CAGR-5.4%

Avg YoY Growth-4.7%

Median YoY Growth+0.4%

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Frequently Asked Questions

What is Thermo Fisher Scientific's income tax at u.s. statutory rate?: Thermo Fisher Scientific (TMO) reported income tax at u.s. statutory rate of $364.00M in Q1 2026.
How has Thermo Fisher Scientific's income tax at u.s. statutory rate changed year-over-year?: Thermo Fisher Scientific's income tax at u.s. statutory rate increased by 7.1% year-over-year, from $340.00M to $364.00M.
What does income tax at u.s. statutory rate mean?: The tax expense calculated using the standard federal tax rate.