# THERMO FISHER SCIENTIFIC INC. (TMO) FY2025 Annual P&L / Income Statement

- Company: THERMO FISHER SCIENTIFIC INC. (TMO)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-26, accession number 0000097745-26-000018
- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **Consumables**: 18,664,000,000 US dollars
- **Instruments**: 7,301,000,000 US dollars
- **Services**: 18,592,000,000 US dollars
- **Cost of revenues**: 26,318,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 44,557,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (4 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement/revenue-by-geography-4-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-revenue-by-geography-4-categories-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **North America**: 23,033,000,000 US dollars
- **Europe**: 11,826,000,000 US dollars
- **Asia-Pacific**: 8,101,000,000 US dollars
- **Other regions**: 1,597,000,000 US dollars
- **Cost of revenues**: 26,318,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 44,557,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **Life Sciences Solutions**: 8,781,000,000 US dollars
- **Analytical Instruments**: 7,353,000,000 US dollars
- **Specialty Diagnostics**: 4,604,000,000 US dollars
- **Laboratory Products and Biopharma Services**: 23,818,000,000 US dollars
- **Cost of revenues**: 26,318,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **Product revenues revenue**: 25,965,000,000 US dollars
- **Service revenues revenue**: 18,592,000,000 US dollars
- **Product revenues cost of revenue**: 13,405,000,000 US dollars
- **Service revenues cost of revenue**: 12,913,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 44,557,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Geography (2 categories)

- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement/revenue-by-geography-2-categories
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-revenue-by-geography-2-categories-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **UNITED STATES**: 22,240,000,000 US dollars
- **Other**: 22,316,000,000 US dollars
- **Cost of revenues**: 26,318,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.

## Chart details: Revenue by Business Segment by Subsegment Eliminations

- Page: https://plicit.ai/financials/tmo/fy2025-annual-income-statement/revenue-by-business-segment-by-subsegment-eliminations
- Chart image: https://plicit.ai/charts/tmo-fy2025-annual-revenue-by-business-segment-by-subsegment-eliminations-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Segments by Subsegments Consolidation Items. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 44,556,000,000 US dollars
- **Cost of revenue (calculated)**: 26,318,000,000 US dollars
- **Gross profit (calculated)**: 18,238,000,000 US dollars
- **Operating expenses (calculated)**: 10,492,000,000 US dollars
- **Operating income**: 7,746,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 438,000,000 US dollars
- **Income before income taxes**: 7,308,000,000 US dollars
- **Benefit from/(provision for) income taxes**: 547,000,000 US dollars
- **Net income**: 6,721,000,000 US dollars
- **Analytical Instruments**: 7,554,000,000 US dollars
- **Life Sciences Solutions**: 10,374,000,000 US dollars
- **Undisclosed (calculated)**: 27,823,000,000 US dollars
- **Cost of revenues**: 26,318,000,000 US dollars
- **Selling, general and administrative expenses**: 8,732,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Research and development expenses**: 1,397,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Restructuring and other costs**: 362,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn.
- **Revenue before reconciliation (calculated)**: 45,751,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Laboratory Products and Biopharma Services - Intersubsegment Eliminations**: negative 920,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Specialty Diagnostics - Intersubsegment Eliminations**: negative 275,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Equity in earnings/(losses) of unconsolidated entities**: negative 41,000,000 US dollars. Reported below-tax contribution to net income.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to THERMO FISHER SCIENTIFIC INC.: $6.70 B; to noncontrolling interests: $17.00 M.
- The amounts that make up net income come to $6,720.00 M and net income is $6,721.00 M; the $1.00 M difference is within the rounding of the filed amounts.