Tax
Income Tax
Thermo Fisher Scientific Income Tax decreased by 26.3% to $70.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 26.3%, from $95.00M to $70.00M. Over 3 years (FY 2021 to FY 2024), Income Tax shows a downward trend with a -16.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $219.00M | $271.00M | $530.00M | $64.00M | $198.00M | $31.00M | $410.00M | $83.00M | $52.00M | $53.00M | $96.00M | $89.00M | $128.00M | $99.00M | $341.00M | $95.00M | $70.00M |
| QoQ Change | — | +23.7% | +95.6% | -87.9% | +209.4% | -84.3% | >999% | -79.8% | -37.3% | +1.9% | +81.1% | -7.3% | +43.8% | -22.7% | +244.4% | -72.1% | -26.3% |
| YoY Change | — | — | — | — | -9.6% | -88.6% | -22.6% | +29.7% | -73.7% | +71.0% | -76.6% | +7.2% | +146.2% | +86.8% | +255.2% | +6.7% | -26.3% |
Range$31.00M – $530.00M
CAGR-24.8%
Avg YoY Growth+23.5%
Median YoY Growth+6.7%
Current Streak2 quarters decline
Income Tax at Other Companies
Frequently Asked Questions
- What is Thermo Fisher Scientific's income tax?
- Thermo Fisher Scientific (TMO) reported income tax of $70.00M in Q1 2026.
- How has Thermo Fisher Scientific's income tax changed year-over-year?
- Thermo Fisher Scientific's income tax decreased by 26.3% year-over-year, from $95.00M to $70.00M.
- What is the long-term trend for Thermo Fisher Scientific's income tax?
- Over 3 years (2021 to 2024), Thermo Fisher Scientific's income tax has grown at a -16.0% compound annual growth rate (CAGR), from $1.11B to $657.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.