Service revenues — Cost of revenues
Thermo Fisher Scientific Service revenues — Cost of revenues decreased by 4.8% to $3.31B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $3B to $3.31B. Over 4 years (FY 2021 to FY 2025), Service revenues — Cost of revenues shows an upward trend with a 21.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease relative to service revenue suggests improved operational efficiency or better cost management in service delivery, while an increase may signal rising labor or supply chain costs.
Detailed definition
This metric tracks the direct costs associated with delivering service-based offerings, including labor, parts, and logi...
Peer comparison
Similar to 'Cost of Services' reported by other capital equipment manufacturers, this metric is benchmarked against service margins to assess competitive advantage in after-market support.
tmo_segment_service_revenues_cost_of_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 | $1.4B | $1.38B | $1.83B | $2.8B | $2.86B | $2.88B | $3.16B | $3.23B | $3.16B | $3.04B | $3.15B | $3.2B | $3.11B | $3.1B | $3.24B | $3B | $3.21B | $3.22B | $3.48B | $3.31B |
| QoQ Change | — | -1.1% | +32.6% | +52.9% | +2.0% | +0.9% | +9.8% | +2.2% | -2.3% | -3.6% | +3.6% | +1.5% | -2.7% | -0.4% | +4.5% | -7.3% | +6.8% | +0.4% | +8.1% | -4.8% |
| YoY Change | — | — | — | — | +104.4% | +108.6% | +72.7% | +15.5% | +10.6% | +5.7% | -0.3% | -1.0% | -1.4% | +1.8% | +2.7% | -6.2% | +3.0% | +3.9% | +7.5% | +10.3% |
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Frequently Asked Questions
- What is Thermo Fisher Scientific's service revenues — cost of revenues?
- Thermo Fisher Scientific (TMO) reported service revenues — cost of revenues of $3.31B in Q1 2026.
- How has Thermo Fisher Scientific's service revenues — cost of revenues changed year-over-year?
- Thermo Fisher Scientific's service revenues — cost of revenues increased by 10.3% year-over-year, from $3B to $3.31B.
- What is the long-term trend for Thermo Fisher Scientific's service revenues — cost of revenues?
- Over 4 years (2021 to 2025), Thermo Fisher Scientific's service revenues — cost of revenues has grown at a 21.2% compound annual growth rate (CAGR), from $5.98B to $12.91B.
- What does service revenues — cost of revenues mean?
- The direct expenses incurred to provide and maintain service-based offerings to customers.