Company / Income Tax
Thermo Fisher Scientific Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$547.0M
FY2025
5-year range
$374.0M / $1.1B
FY2021-FY2025
Trend
-16.7%
vs FY2024
Sector context
#11 of 162
Health Care
What the data says
Among 162 Health Care companies, Thermo Fisher Scientific is in the bottom 7% for income tax. Income Tax has fluctuated over the past 10 years, ranging from -$1M in FY2016 to $1.1B in FY2023.
Based on SEC 10-K filings.
$547M in FY2025 with a 5-year CAGR of -8.4%. Top quartile in the Health Care sector.
Improved from $1.1B to $547M over the past 2 years.
Health Care sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -13.7%
- 5-Year CAGR
- -8.4%
- 10-Year CAGR
- -
Sector benchmark
Bottom 7% in Health CareTop 93% of 162This company $547.0M Sector average $145.4M
▼
+276.2% above sector average
Key checks
Key Insights
- 5-year CAGR of -8.4%, indicating a declining trend.
- In FY2025, income tax decreased 16.7% year-over-year.
- Ranks #11 out of 162 companies in the Health Care sector.
- Peak income tax was recorded in FY2023.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $547.0M | -16.7% |
| FY2024 | $657.0M | -40.8% |
| FY2023 | $1.1B | +30.5% |
| FY2022 | $850.0M | +127.3% |
| FY2021 | $374.0M | -56.0% |
| FY2020 | $850.0M | +127.3% |
| FY2019 | $374.0M | +15.4% |
| FY2018 | $324.0M | +61.2% |
| FY2017 | $201.0M | +20200.0% |
| FY2016 | -$1.0M | +97.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026