THERMO FISHER SCIENTIFIC INC. R&D Expense 2010-2025 | TMO
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is THERMO FISHER SCIENTIFIC INC.'s current r&d expense?
THERMO FISHER SCIENTIFIC INC. (TMO) annual r&d expense for 2024 was $1.39B, a 3.96% increase from 2023. THERMO FISHER SCIENTIFIC INC. r&d expense for the quarter ending September 27, 2025 was $346.0M.
What was THERMO FISHER SCIENTIFIC INC.'s r&d expense in 2023?
THERMO FISHER SCIENTIFIC INC. annual r&d expense for 2023 was $1.34B, a 9.11% decline from 2022.
What was THERMO FISHER SCIENTIFIC INC.'s r&d expense in 2022?
THERMO FISHER SCIENTIFIC INC. annual r&d expense for 2022 was $1.47B, a 4.62% increase from 2021.
What is THERMO FISHER SCIENTIFIC INC.'s 5-year r&d expense CAGR?
THERMO FISHER SCIENTIFIC INC. r&d expense grew at a compound annual growth rate (CAGR) of 6.74% from FY2019 to FY2024, going from $1.00B to $1.39B over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+6.7%
FY2019
$1.00B
→
FY2024
$1.39B
101112131415161718192021222324
5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $1.39B | +4.0% | 10-K |
| FY2023 | $1.34B | -9.1% | 10-K |
| FY2022 | $1.47B | +4.6% | 10-K |
| FY2021 | $1.41B | +19.1% | 10-K |
| FY2020 | $1.18B | +17.7% | 10-K |
| FY2019 | $1.00B | +3.7% | 10-K |
| FY2018 | $967.0M | +9.0% | 10-K |
| FY2017 | $887.0M | +17.6% | 10-K |
| FY2016 | $754.0M | +9.0% | 10-K |
| FY2015 | $692.0M | +0.1% | 10-K |
| FY2014 | $691.1M | +74.7% | 10-K |
| FY2013 | $395.5M | +5.1% | 10-K |
| FY2012 | $376.4M | +10.6% | 10-K |
| FY2011 | $340.2M | +19.6% | 10-K |
| FY2010 | $284.4M | - | 10-K |
Company: THERMO FISHER SCIENTIFIC INC.Ticker: TMOSector: OtherIndustry: Measuring & Controlling Devices, NECView company profile →