What is Thermo Fisher Scientific's tax reconciliation: tax credits?

Thermo Fisher Scientific (TMO) reported tax reconciliation: tax credits of $46.00M in Q1 2026.

What does tax reconciliation: tax credits mean?

The total amount of tax credits used to lower the company's tax bill.

Tax Reconciliation: Tax Credits

Thermo Fisher Scientific Tax Reconciliation: Tax Credits increased by 2.2% to $46.00M in Q1 2026 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement

SectionTax

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2025

Last reportedQ4 2025

How to read this metric

Higher credits generally signal strong investment in R&D or effective utilization of international tax incentives.

Detailed definition

The total value of tax credits, such as research and development or foreign tax credits, that reduce the company's overa...

Peer comparison

Widely used by R&D-intensive companies to demonstrate tax-efficient innovation funding.

Metric ID: is_tmo_tax_reconciliation_tax_credits

Historical Data

2 periods

	Q1 '25	Q1 '26
Value	$45.00M	$46.00M
QoQ Change	—	+2.2%
YoY Change	—	+2.2%

Range$45.00M – $46.00M

Avg YoY Growth+2.2%

Median YoY Growth+2.2%

Frequently Asked Questions

What is Thermo Fisher Scientific's tax reconciliation: tax credits?: Thermo Fisher Scientific (TMO) reported tax reconciliation: tax credits of $46.00M in Q1 2026.
What does tax reconciliation: tax credits mean?: The total amount of tax credits used to lower the company's tax bill.