Filing Flows › Thermo Fisher Scientific (TMO) › Q3 2025
Thermo Fisher Scientific (TMO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Thermo Fisher Scientific (TMO) reported revenue of $11.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +2% from the quarter before. Operating margin was 17.5%, net earnings $1.6B (14.6% of revenue).
Thermo Fisher Scientific, Q3 2025: revenue $11.1B (+5% year over year), operating margin 17.5%, net earnings $1.6B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | +2% | +5% |
| Operating profit | $1.9B | +6% | +6% |
| Net earnings | $1.6B | +0.2% | -0.5% |
| Operating cash flow | $2.2B | +60% | +3% |
| Free cash flow | $1.8B | +66% | -3% |
What changed
Revenue was $11.1B in Q3 2025, up 5% year over year and up 2% from the previous quarter. Laboratory Products and Biopharma Services was the largest line at 53% of revenue. Laboratory Products and Biopharma Services added $0.23B year over year (up 4%), 43% of the total change.
Operating profit was $1.9B, a 17.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 17% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $1.6B, down 1% year over year. The effective tax rate was 11.3%.
Operating cash flow was $2.2B (up 3% year over year), 138% of net earnings. Non-cash charges added back $0.66B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.40B left free cash flow of $1.8B.
Questions
What was Thermo Fisher Scientific's revenue in the third quarter 2025?
Thermo Fisher Scientific (TMO) reported revenue of $11.1B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +2% from the quarter before.
Was Thermo Fisher Scientific profitable in the third quarter 2025?
Operating profit was $1.9B (17.5% of revenue) and net earnings $1.6B.