Thermo Fisher Scientific Inc. revenue by segment TMO

Annual Quarterly

Thermo Fisher Scientific Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Laboratory Products And Biopharma Services at $23.8 billion, 53% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Product Consumables at $18.7 billion, 42% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 26, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	47,351	44,556	42,879	42,857	44,915	39,211	32,218	25,542	24,358	20,918	18,274
Operating segments
Laboratory Products And Biopharma Services	25,802 +10.4% share 54.5%	23,818 +3.5% share 53.5%	23,002 +0.5% share 53.6%	22,888 +2.6% share 53.4%	22,304 share 49.7%	—	—	—	—	—	—
Life Sciences Solutions	9,371 +10.4% share 19.8%	8,781 +7.6% share 19.7%	8,160 -4.5% share 19.0%	8,545 -26.1% share 19.9%	11,565 share 25.7%	—	—	—	—	—	—
Analytical Instruments	7,574 +3.4% share 16.0%	7,353 +1.2% share 16.5%	7,267 +2.3% share 16.9%	7,101 +10.2% share 16.6%	6,441 share 14.3%	—	—	—	—	—	—
Specialty Diagnostics	4,604 +1.4% share 9.7%	4,604 +3.5% share 10.3%	4,449 +2.9% share 10.4%	4,324 -6.1% share 10.1%	4,604 share 10.3%	—	—	—	—	—	—
Sales mix
Product Consumables	19,691 +8.5% share 41.6%	18,664 +6.1% share 41.9%	17,587 -0.1% share 41.0%	17,597 -14.7% share 41.1%	20,624 -8.8% share 45.9%	22,608 +22.0% share 57.7%	18,527 +41.3% share 57.5%	13,109 +4.2% share 51.3%	12,576 share 51.6%	—	—
Services	20,252 +11.0% share 42.8%	18,592 +4.2% share 41.7%	17,845 +1.3% share 41.6%	17,614 +7.6% share 41.1%	16,367 +84.9% share 36.4%	8,850 +28.0% share 22.6%	6,912 +14.3% share 21.5%	6,046 +10.1% share 23.7%	5,490 +54.9% share 22.5%	3,544 share 16.9%	—
Product Instruments	7,409 +1.1% share 15.6%	7,301 -1.9% share 16.4%	7,446 -2.6% share 17.4%	7,646 -3.5% share 17.8%	7,924 +2.2% share 17.6%	7,753 +14.4% share 19.8%	6,779 +6.1% share 21.0%	6,387 +1.5% share 25.0%	6,292 share 25.8%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Measuring & Controlling Devices, NEC (SIC 3829)
Listed as: TMO (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Waltham, MA
SEC filer status: Large accelerated filer
SEC CIK: 97745
Former names: THERMO ELECTRON CORP (until Nov 3, 2006)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.