Thermo Fisher (TMO) r&d spend was $1.4B in FY2025 (+1% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$1.4B
+1%
2024
$1.4B
+4%
2023
$1.3B
-9%
2022
$1.5B
+5%
2021
$1.4B
+19%
2020
$1.2B
+18%
2019
$1.0B
+4%
2018
$967M
+9%
2017
$887M
+18%
2016
$754M
+9%
2015
$692M
+0%
2014
$691M
+75%
2013
$396M
+5%
2012
$376M
+11%
2011
$340M
+20%
2010
$284M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$336M
Q4 2025
$356M
Q3 2025
$346M
Q2 2025
$352M
Q1 2025
$342M
Q4 2024
$374M
Q3 2024
$346M
Q2 2024
$339M
Q1 2024
$331M
Q4 2023
$327M
Q3 2023
$319M
Q2 2023
$345M
Source: TMO on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.