# THERMO FISHER SCIENTIFIC INC. (TMO) FY2026 Q1 P&L / Income Statement - Company: THERMO FISHER SCIENTIFIC INC. (TMO) - Period: 2026-01-01 to 2026-03-28 - Filing: Q1 FY2026 10-Q, filed 2026-05-01, accession number 0000097745-26-000092 - Page: https://plicit.ai/financials/tmo/fy2026-q1-income-statement - Chart image: https://plicit.ai/charts/tmo-fy2026-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service (3 categories) Income statement for 2026-01-01 through 2026-03-28. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 11,005,000,000 US dollars - **Cost of revenue (calculated)**: 6,575,000,000 US dollars - **Gross profit (calculated)**: 4,430,000,000 US dollars - **Operating expenses (calculated)**: 2,567,000,000 US dollars - **Operating income**: 1,863,000,000 US dollars - **Other income (expense), net (calculated)**: negative 129,000,000 US dollars - **Income before income taxes**: 1,734,000,000 US dollars - **Benefit from/(provision for) income taxes**: 70,000,000 US dollars - **Net income**: 1,656,000,000 US dollars - **Consumables**: 4,722,000,000 US dollars - **Instruments**: 1,555,000,000 US dollars - **Services**: 4,728,000,000 US dollars - **Cost of revenues**: 6,575,000,000 US dollars - **Selling, general and administrative expenses**: 2,181,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 336,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Restructuring and other costs**: 49,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Equity in earnings/(losses) of unconsolidated entities**: negative 8,000,000 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.: $1.65 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/tmo/fy2026-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/tmo-fy2026-q1-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-03-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 11,005,000,000 US dollars - **Cost of revenue (calculated)**: 6,575,000,000 US dollars - **Gross profit (calculated)**: 4,430,000,000 US dollars - **Operating expenses (calculated)**: 2,567,000,000 US dollars - **Operating income**: 1,863,000,000 US dollars - **Other income (expense), net (calculated)**: negative 129,000,000 US dollars - **Income before income taxes**: 1,734,000,000 US dollars - **Benefit from/(provision for) income taxes**: 70,000,000 US dollars - **Net income**: 1,656,000,000 US dollars - **Life Sciences Solutions**: 2,219,000,000 US dollars - **Analytical Instruments**: 1,667,000,000 US dollars - **Specialty Diagnostics**: 1,124,000,000 US dollars - **Laboratory Products and Biopharma Services**: 5,995,000,000 US dollars - **Cost of revenues**: 6,575,000,000 US dollars - **Selling, general and administrative expenses**: 2,181,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 336,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Restructuring and other costs**: 49,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Equity in earnings/(losses) of unconsolidated entities**: negative 8,000,000 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.: $1.65 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Product and Service (2 categories) - Page: https://plicit.ai/financials/tmo/fy2026-q1-income-statement/revenue-by-product-and-service-2-categories - Chart image: https://plicit.ai/charts/tmo-fy2026-q1-revenue-by-product-and-service-2-categories-sankey.png Income statement for 2026-01-01 through 2026-03-28. View: Product and service (2 categories). Revenue and costs use their disclosed categories. - **Total revenues**: 11,005,000,000 US dollars - **Cost of revenue (calculated)**: 6,575,000,000 US dollars - **Gross profit (calculated)**: 4,430,000,000 US dollars - **Operating expenses (calculated)**: 2,567,000,000 US dollars - **Operating income**: 1,863,000,000 US dollars - **Other income (expense), net (calculated)**: negative 129,000,000 US dollars - **Income before income taxes**: 1,734,000,000 US dollars - **Benefit from/(provision for) income taxes**: 70,000,000 US dollars - **Net income**: 1,656,000,000 US dollars - **Product revenues revenue**: 6,277,000,000 US dollars - **Service revenues revenue**: 4,728,000,000 US dollars - **Product revenues cost of revenue**: 3,261,000,000 US dollars - **Service revenues cost of revenue**: 3,314,000,000 US dollars - **Selling, general and administrative expenses**: 2,181,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 336,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Restructuring and other costs**: 49,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Equity in earnings/(losses) of unconsolidated entities**: negative 8,000,000 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.: $1.65 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/tmo/fy2026-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/tmo-fy2026-q1-revenue-by-geography-sankey.png Income statement for 2026-01-01 through 2026-03-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 11,005,000,000 US dollars - **Cost of revenue (calculated)**: 6,575,000,000 US dollars - **Gross profit (calculated)**: 4,430,000,000 US dollars - **Operating expenses (calculated)**: 2,567,000,000 US dollars - **Operating income**: 1,863,000,000 US dollars - **Other income (expense), net (calculated)**: negative 129,000,000 US dollars - **Income before income taxes**: 1,734,000,000 US dollars - **Benefit from/(provision for) income taxes**: 70,000,000 US dollars - **Net income**: 1,656,000,000 US dollars - **North America**: 5,705,000,000 US dollars - **Europe**: 2,957,000,000 US dollars - **Asia-Pacific**: 1,970,000,000 US dollars - **Other regions**: 372,000,000 US dollars - **Undisclosed (calculated)**: 1,000,000 US dollars - **Cost of revenues**: 6,575,000,000 US dollars - **Selling, general and administrative expenses**: 2,181,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 336,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Restructuring and other costs**: 49,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Equity in earnings/(losses) of unconsolidated entities**: negative 8,000,000 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.: $1.65 B; to noncontrolling interests: $5.00 M. ## Chart details: Revenue by Business Segment by Subsegment Eliminations - Page: https://plicit.ai/financials/tmo/fy2026-q1-income-statement/revenue-by-business-segment-by-subsegment-eliminations - Chart image: https://plicit.ai/charts/tmo-fy2026-q1-revenue-by-business-segment-by-subsegment-eliminations-sankey.png Income statement for 2026-01-01 through 2026-03-28. View: Segments by Subsegments Consolidation Items. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total revenues**: 11,005,000,000 US dollars - **Cost of revenue (calculated)**: 6,575,000,000 US dollars - **Gross profit (calculated)**: 4,430,000,000 US dollars - **Operating expenses (calculated)**: 2,567,000,000 US dollars - **Operating income**: 1,863,000,000 US dollars - **Other income (expense), net (calculated)**: negative 129,000,000 US dollars - **Income before income taxes**: 1,734,000,000 US dollars - **Benefit from/(provision for) income taxes**: 70,000,000 US dollars - **Net income**: 1,656,000,000 US dollars - **Analytical Instruments**: 1,716,000,000 US dollars - **Life Sciences Solutions**: 2,636,000,000 US dollars - **Undisclosed (calculated)**: 6,952,000,000 US dollars - **Cost of revenues**: 6,575,000,000 US dollars - **Selling, general and administrative expenses**: 2,181,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Research and development expenses**: 336,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Restructuring and other costs**: 49,000,000 US dollars. Source detail retained; this breakdown has not reconciled exactly and is not drawn. - **Revenue before reconciliation (calculated)**: 11,304,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Laboratory Products and Biopharma Services - Intersubsegment Eliminations**: negative 228,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Specialty Diagnostics - Intersubsegment Eliminations**: negative 71,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Equity in earnings/(losses) of unconsolidated entities**: negative 8,000,000 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.: $1.65 B; to noncontrolling interests: $5.00 M.