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TRIThomson Reuters Corporation
$87.86$38.4B
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TRI logoThomson Reuters Corporation(TRI)Earnings, Financials & Key Ratios

TRI•NASDAQ
$87.86
25.8× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryBusiness ServicesSub-IndustryProfessional Advisory and Compliance Services
AboutThomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-enabled technology solutions for legal, tax, regulatory, compliance, and IT professionals. The Tax & Accounting Professionals segment offers research and workflow products focusing on tax offerings and automating tax workflows to tax, accounting, and audit professionals in accounting firms. The Reuters News segment provides business, financial, and international news to media organizations, professional, and news consumers through news agency and industry events. The Global Print segment offers legal and tax information primarily in print format to legal and tax professionals, governments, law schools, and corporations. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1851 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.Show more
  • Revenue$7.48B+3.0%
  • EBITDA$2.92B-0.4%
  • Net Income$1.5B-32.0%
  • EPS (Diluted)3.40-30.5%
  • Gross Margin75.8%+0.6%
  • EBITDA Margin39.04%-3.3%
  • Operating Margin26.61%-8.4%
  • Net Margin20.09%-34.0%
  • ROE12.56%-34.5%

TRI Price & Volume

Thomson Reuters Corporation (TRI) stock price & volume — 10-year historical chart

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Digital Subscription Growth Drives Structural Margin Resilience

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:AI-driven data commoditization

Key Thesis Takeaways

  • Thomson Reuters is successfully transitioning toward a high-value digital subscription model, evidenced by a 9.8% year-over-year revenue growth in 2026Q1.
  • While the company maintains a fortress balance sheet with debt-to-equity compressed to 0.21, investors should monitor the long-term impact of generative AI on its premium pricing power.
  • The firm's disciplined capital allocation, including significant share buybacks of $672.7 million in 2025Q3, supports a favorable outlook despite potential margin compression risks in the legal research sector.

Verdict Logic

the company's ability to sustain a 30.5% operating margin in 2026Q1 while simultaneously reducing leverage suggests a durable competitive advantage that justifies the current forward P/E of 19.66.

TRI Growth Metrics

Thomson Reuters Corporation (TRI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-4.01%
5 Years4.55%
3 Years4.1%
TTM5.36%

Profit CAGR

10 Years1.81%
5 Years6.01%
3 Years3.93%
TTM-29.4%

EPS CAGR

10 Years8.1%
5 Years7.3%
3 Years8.8%
TTM-28%

Return on Capital

10 Years9.55%
5 Years11.8%
3 Years13.93%
Last Year13.49%

TRI Recent Earnings

Thomson Reuters Corporation (TRI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$1.23+4.2%
$1.18
Rev
$2.0B+2.0%
$2.0B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.07-1.8%
$1.09
Rev
$2.0B-0.5%
$2.0B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$0.85+4.9%
$0.81
Rev
$1.8B+1.3%
$1.8B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$0.87+4.8%
$0.83
Rev
$1.8B-0.3%
$1.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.23vs $1.18+4.2%
$2.0Bvs $2.0B+2.0%
Q1 2026Feb 5, 2026
$1.07vs $1.09-1.8%
$2.0Bvs $2.0B-0.5%
Q4 2025Nov 4, 2025
$0.85vs $0.81+4.9%
$1.8Bvs $1.8B+1.3%
Q3 2025Aug 6, 2025
$0.87vs $0.83+4.8%
$1.8Bvs $1.8B-0.3%
Based on last 12 quarters of dataView full earnings history →

Latest TRI News

Recent stock market news and headlines for Thomson Reuters Corporation (TRI)

PRNewsWire·Jun 22, 2026
AI is Ready but Firms are Not: How Falling Behind on AI Implementation is Costing Clients and Talent

New research warns of $143 billion in revenue at risk in the U.S. alone, as clients expect AI-driven value from providers Companies at risk of losing 24% of talent within two years if their firms fail to deliver on AI At the same time, one third of lawyers, accountants and compliance professionals are using unsanctioned AI, creating invisible risks organizations cannot monitor or control TORONTO, June 22, 2026 /PRNewswire/ -- Thomson Reuters (Nasdaq/TSX:TRI), a global content and technology company, today released its 2026 Future of Professionals report which warns of the financial cost of failing to effectively implement AI across the legal, tax and audit and risk professions. The findings, based on a global survey of 1,800 professionals, show a widening gap between AI ambition and reality, one that is now carrying material consequences with up to $143 billion in client revenue at risk in the U.S. alone* and talent considering leaving.

The Motley Fool·Jun 20, 2026
This Century-Old Financial Giant's Reverse Stock Split Leaves Investors Puzzled

In May 2026, Thomson Reuters announced a $1.44-per-share special dividend. At the same time, it announced a very unusual stock split, where each old share would be exchanged for 0.98456 new shares.

Peers Comparison

Key metrics vs top competitors for Thomson Reuters Corporation (TRI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TRI logoTRIThomson Reuters CorporationCurrent
$87.86$38.35B25.843%20.09%12.56%2.67%
SPGI logoSPGIS&P Global Inc.
$447.22$132.38B30.517.94%30.37%12.92%—
MCO logoMCOMoody's Corporation
$498.78$88.43B36.498.89%31.69%64.11%—
ICE logoICEIntercontinental Exchange, Inc.
$134.91$76.29B23.387.46%29.98%13.54%—
MSCI logoMSCIMSCI Inc.
$614.04$44.7B39.469.74%40.74%——
FDS logoFDSFactSet Research Systems Inc.
$252.20$8.97B16.225.39%23.21%26.58%—

Compare TRI vs Peers

Thomson Reuters Corporation (TRI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPGI

Most directly comparable listed peer for TRI.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare TRI against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPGI, MCO, ICE, MSCI

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TRI Frequently Asked Questions

Thomson Reuters Corporation (TRI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Thomson Reuters Corporation's revenue?

Thomson Reuters Corporation (TRI) reported $7.66B in revenue for fiscal year 2025. This represents a 1% decrease from $7.72B in 1996.

How fast is Thomson Reuters Corporation growing?

Thomson Reuters Corporation (TRI) grew revenue by 3.0% over the past year. Growth has been modest.

Is TRI profitable?

Yes, Thomson Reuters Corporation (TRI) is profitable, generating $1.53B in net income for fiscal year 2025 (20.1% net margin).

Dividend & Returns
Does TRI pay dividends?

Yes, Thomson Reuters Corporation (TRI) pays a dividend with a yield of 2.67%. This makes it attractive for income-focused investors.

What is TRI's return on equity?

Thomson Reuters Corporation (TRI) has a return on equity (ROE) of 12.6%. This is reasonable for most industries.

What is Thomson Reuters Corporation's free cash flow?

Thomson Reuters Corporation (TRI) generated $2.09B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TRI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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