Tax
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
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ1 2025
Last reportedQ1 2026May 1, 2026
How to read this metric
Higher values indicate effective utilization of government tax incentives, which improves net income and cash flow.
Detailed definition
The total value of tax credits applied to reduce the company's income tax liability. These credits are direct reductions...
Peer comparison
Standard metric for companies utilizing investment or operational tax credits to optimize their tax profile.
Metric ID:
tmo_tax_reconciliation_tax_creditsHistorical 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%
Tax Reconciliation: Tax Credits at Other Companies
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?
- Tax credits that lower the total income tax expense.