Thermo Fisher Scientific Inc.
Close on Nov 2, 2026Market cap $252.41BP/E 36.0Yield 0.25%
Thermo Fisher Scientific Adjusted Operating Income by Year
Adjusted Operating Income ($M)
Thermo Fisher Scientific Adjusted Operating Income: $10,109M in FY2025, up 4.1% from a year earlier.
Where the FY2025 figure comes from
“Adjusted operating income (non-GAAP measure) 9,810 22.9 % 9,707 22.6 % 10,109 22.7 %”
Source: Q3 2026 Reconciliation of Financial Information ↗
Reported in IR Financial Reconciliation Package & SEC 8-K.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Adjusted Operating Income ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10,109 | +4.1% | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2024 | Dec 31, 2024 | 9,707 | -1.0% | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2023 | Dec 31, 2023 | 9,810 | -10.7% | Q3 2026 Reconciliation of Financial Information ↗ |
| FY2022 | Dec 31, 2022 | 10,985 | -9.5% | Q4 & FY2025 Reconciliation of Financial Information ↗ |
| FY2021 | Dec 31, 2021 | 12,138 | – | Q4 & FY2024 Reconciliation of Financial Information ↗ |
Breakdown
What makes up adjusted Operating Income
- Adjusted Operating Margin22.7% · FY2025
- GAAP Operating Margin17.4% · FY2025
- Adjusted Gross Margin $M18,571 · FY2025
- Adjusted Gross Margin %41.7% · FY2025
- GAAP Gross Margin %40.9% · FY2025
- Amortization of Intangibles in COGS270 · FY2025
- Adjusted SG&A Expense $M7,065 · FY2025
- Adjusted SG&A % of Revenue15.9% · FY2025
- Amortization of Intangibles in SG&A1,460 · FY2025
- GAAP R&D % of Total Revenue3.1% · FY2025
- Adjusted EBITDA11,159 · FY2025
- Adjusted Effective Tax Rate10.4% · FY2025
- Adjusted Net Income8,642 · FY2025
- Adjusted Diluted EPS22.87 · FY2025
- Free Cash Flow = Operating Cash Flow − Net CapEx6,337 · FY2025
Cite this data
StockData. (2026). Thermo Fisher Scientific Adjusted Operating Income ($M), annual FY2021–FY2025 [Data set]. Compiled from Thermo Fisher Scientific SEC filings and investor materials. https://stockdatahq.com/stocks/tmo/kpis/adj-op-inc
See every metric in the Thermo Fisher Scientific KPI table. Data updated Oct 29, 2026.