Service revenues — Consolidated revenues
Thermo Fisher Scientific Service revenues — Consolidated revenues decreased by 4.9% to $4.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $4.38B to $4.73B. Over 4 years (FY 2021 to FY 2025), Service revenues — Consolidated revenues shows an upward trend with a 20.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates a growing reliance on service-based business models, which typically offer higher revenue predictability and customer retention compared to product sales.
Detailed definition
This metric represents the portion of total corporate revenue generated specifically from service-based offerings within...
Peer comparison
Peers in the life sciences and diagnostics sector often report this as a key indicator of 'installed base' monetization and long-term service contract penetration.
tmo_segment_service_revenues_consolidated_revenuesHistorical Data
| 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 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.06B | $1.97B | $2.77B | $3.8B | $3.97B | $4.09B | $4.51B | $4.31B | $4.42B | $4.42B | $4.48B | $4.39B | $4.38B | $4.45B | $4.63B | $4.38B | $4.61B | $4.63B | $4.97B | $4.73B |
| QoQ Change | — | -4.3% | +40.7% | +37.2% | +4.4% | +3.2% | +10.0% | -4.4% | +2.6% | +0.0% | +1.3% | -1.9% | -0.3% | +1.6% | +4.0% | -5.3% | +5.1% | +0.6% | +7.3% | -4.9% |
| YoY Change | — | — | — | — | +92.7% | +107.8% | +62.6% | +13.3% | +11.3% | +7.9% | -0.7% | +2.0% | -0.9% | +0.7% | +3.4% | -0.1% | +5.2% | +4.1% | +7.4% | +7.8% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Thermo Fisher Scientific's service revenues — consolidated revenues?
- Thermo Fisher Scientific (TMO) reported service revenues — consolidated revenues of $4.73B in Q1 2026.
- How has Thermo Fisher Scientific's service revenues — consolidated revenues changed year-over-year?
- Thermo Fisher Scientific's service revenues — consolidated revenues increased by 7.8% year-over-year, from $4.38B to $4.73B.
- What is the long-term trend for Thermo Fisher Scientific's service revenues — consolidated revenues?
- Over 4 years (2021 to 2025), Thermo Fisher Scientific's service revenues — consolidated revenues has grown at a 20.4% compound annual growth rate (CAGR), from $8.85B to $18.59B.
- What does service revenues — consolidated revenues mean?
- The percentage or amount of total company revenue derived from service activities.