Thomson Reuters Corporation (TRI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.09B | 2.01B | 1.78B | 1.78B | 1.9B | 1.91B | 1.72B | 1.74B | 1.89B | 1.81B | 1.59B | 1.65B | 1.74B | 1.76B | 1.57B | 1.61B | 1.67B | 1.71B | 1.53B | 1.53B |
| Revenue Growth % | 9.84% | 5.24% | 3.36% | 2.59% | 0.8% | 5.18% | 8.16% | 5.65% | 8.46% | 2.83% | 1.27% | 2.04% | 3.82% | 3.22% | 3.15% | 5.35% | 5.95% | 5.82% | 5.75% | 9.04% |
| Cost of Goods Sold | 493M | 493M | 430M | 438M | 448M | 491M | 434M | 422M | 373M | 364M | 294M | 295M | 342M | 362M | 314M | 309M | 593M | 411M | 328M | 279M |
| COGS % of Revenue | 23.62% | 24.54% | 24.13% | 24.54% | 23.58% | 25.72% | 25.17% | 24.25% | 19.79% | 20.06% | 18.44% | 17.91% | 19.68% | 20.51% | 19.95% | 19.14% | 35.42% | 24.04% | 21.49% | 18.21% |
| Gross Profit | 1.59B | 1.52B | 1.35B | 1.35B | 1.45B | 1.42B | 1.29B | 1.32B | 1.51B | 1.45B | 1.3B | 1.35B | 1.4B | 1.4B | 1.26B | 1.3B | 1.08B | 1.3B | 1.2B | 1.25B |
| Gross Margin % | 76.38% | 75.46% | 75.87% | 75.46% | 76.42% | 74.28% | 74.83% | 75.75% | 80.21% | 79.94% | 81.56% | 82.09% | 80.32% | 79.49% | 80.05% | 80.86% | 64.58% | 75.96% | 78.51% | 81.79% |
| Gross Profit Growth % | 9.78% | 6.91% | 4.81% | 2.2% | -3.97% | -2.27% | -0.77% | -2.51% | 8.31% | 3.42% | 3.17% | 3.6% | 29.14% | 8.01% | 5.18% | 4.15% | -16.33% | -58.04% | 1.01% | 8.67% |
| Operating Expenses | 958M | 1.14B | 759M | 911M | 889M | 696M | 875M | 903M | 955M | 893M | 859M | 527M | 888M | 772M | 862M | 914M | 667M | 1.04B | 916M | 937M |
| OpEx % of Revenue | 45.9% | 56.65% | 42.59% | 51.04% | 46.79% | 36.46% | 50.75% | 51.9% | 50.66% | 49.2% | 53.89% | 32% | 51.09% | 43.74% | 54.76% | 56.63% | 39.84% | 60.94% | 60.03% | 61.16% |
| Selling, General & Admin | 704M | 729M | 674M | 670M | 644M | 690M | 674M | 665M | 629M | 662M | 600M | 620M | 651M | 683M | 654M | 672M | 414M | 761M | 664M | 672M |
| SG&A % of Revenue | 33.73% | 36.29% | 37.82% | 37.54% | 33.89% | 36.14% | 39.1% | 38.22% | 33.37% | 36.47% | 37.64% | 37.64% | 37.46% | 38.7% | 41.55% | 41.64% | 24.73% | 44.5% | 43.51% | 43.86% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 636M | 378M | 593M | 436M | 563M | 722M | 415M | 415M | 557M | 558M | 441M | 825M | 508M | 631M | 398M | 391M | 414M | 257M | 282M | 316M |
| Operating Margin % | 30.47% | 18.82% | 33.28% | 24.43% | 29.63% | 37.82% | 24.07% | 23.85% | 29.55% | 30.74% | 27.67% | 50.09% | 29.23% | 35.75% | 25.29% | 24.23% | 24.73% | 15.03% | 18.48% | 20.63% |
| Operating Income Growth % | 12.97% | -47.65% | 42.89% | 5.06% | 1.08% | 29.39% | -5.9% | -49.7% | 9.65% | -11.57% | 10.8% | 111% | 22.71% | 145.53% | 41.13% | 23.73% | 6.98% | -73.12% | -11.32% | -13.42% |
| EBITDA | 881M | 618M | 827M | 666M | 789M | 930M | 617M | 621M | 763M | 747M | 625M | 1B | 681M | 815M | 576M | 575M | 592M | 453M | 470M | 510M |
| EBITDA Margin % | 42.21% | 30.76% | 46.41% | 37.31% | 41.53% | 48.72% | 35.79% | 35.69% | 40.48% | 41.16% | 39.21% | 60.96% | 39.18% | 46.18% | 36.59% | 35.63% | 35.36% | 26.49% | 30.8% | 33.29% |
| EBITDA Growth % | 11.66% | -33.55% | 34.04% | 7.25% | 3.41% | 24.5% | -1.28% | -38.15% | 12.04% | -8.34% | 8.51% | 74.61% | 15.03% | 79.91% | 22.55% | 12.75% | 2.25% | -60.61% | -13.6% | -8.27% |
| D&A (Non-Cash Add-back) | 245M | 240M | 234M | 230M | 226M | 208M | 202M | 206M | 206M | 189M | 184M | 179M | 173M | 184M | 178M | 184M | 178M | 196M | 188M | 194M |
| EBIT | 653M | 537M | 585.59M | 399M | 569M | 797M | 409M | 434M | 579M | 466M | 558M | 723M | 428M | 216M | 849M | 711M | 508M | 237M | 316M | 319M |
| Net Interest Income | -39M | -40M | -30.66M | -29.48M | -22.93M | -21.38M | -21.17M | -29.99M | -39.82M | -25.69M | -31.59M | -29.38M | -49M | -48.07M | -42.47M | -46.6M | 46.56M | -47.84M | -42.71M | -46.6M |
| Interest Income | 5M | 1M | 5.93M | 11.18M | 15.95M | 21.38M | 0 | 17M | 0 | 25.69M | 22.71M | 26.34M | 10M | 3M | 2.83M | 0 | 46.56M | 996.63K | 0 | 0 |
| Interest Expense | 44M | 41M | 36.59M | 40.66M | 38.88M | 42.76M | 21.17M | 46.99M | 39.82M | 51.38M | 54.3M | 55.73M | 59M | 51.08M | 45.3M | 46.6M | 0 | 48.84M | 42.71M | 46.6M |
| Other Income/Expense | -34M | 113M | -44M | -87M | -46M | 20M | -61M | 27M | -26M | 112M | -89M | 283M | 425M | -349M | -125M | -554M | 844M | -549M | -684M | 1.04B |
| Pretax Income | 602M | 491M | 549M | 349M | 517M | 742M | 354M | 442M | 531M | 670M | 352M | 1.11B | 933M | 282M | 273M | -163M | 1.26B | -292M | -402M | 1.36B |
| Pretax Margin % | 28.85% | 24.44% | 30.81% | 19.55% | 27.21% | 38.87% | 20.53% | 25.4% | 28.17% | 36.91% | 22.08% | 67.27% | 53.68% | 15.98% | 17.34% | -10.1% | 75.15% | -17.08% | -26.34% | 88.84% |
| Income Tax | 125M | 158M | 121M | 52M | 92M | 135M | 77M | -402M | 67M | 20M | -18M | 219M | 196M | 103M | 8M | -92M | 240M | -115M | -161M | 289M |
| Effective Tax Rate % | 20.76% | 32.18% | 22.04% | 14.9% | 17.79% | 18.19% | 21.75% | -90.95% | 12.62% | 2.99% | -5.11% | 19.77% | 21.01% | 36.52% | 2.93% | 56.44% | 19.08% | 39.38% | 40.05% | 21.23% |
| Net Income | 459M | 332M | 423M | 313M | 434M | 587M | 301M | 841M | 481M | 678M | 367M | 894M | 756M | 218M | 228M | -115M | 1.01B | -175M | -240M | 1.07B |
| Net Margin % | 21.99% | 16.53% | 23.74% | 17.54% | 22.84% | 30.75% | 17.46% | 48.33% | 25.52% | 37.36% | 23.02% | 54.28% | 43.5% | 12.35% | 14.49% | -7.13% | 60.16% | -10.23% | -15.73% | 69.71% |
| Net Income Growth % | 5.76% | -43.44% | 40.53% | -62.78% | -9.77% | -13.42% | -17.98% | -5.93% | -36.38% | 211.01% | 60.96% | 877.39% | -24.93% | 224.57% | 195% | -110.77% | -80% | -131.14% | -199.59% | 747.62% |
| Net Income (Continuing) | 477M | 333M | 428M | 297M | 425M | 607M | 277M | 844M | 464M | 650M | 370M | 889M | 737M | 179M | 265M | -71M | 1.02B | -177M | -241M | 1.07B |
| Discontinued Operations | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.03 | 0.76 | 0.94 | 0.69 | 0.96 | 1.26 | 0.67 | 1.86 | 1.06 | 1.53 | 0.79 | 1.92 | 1.59 | 0.59 | 0.44 | -0.23 | 2.09 | -0.36 | -0.48 | 2.13 |
| EPS Growth % | 7.29% | -39.68% | 40.3% | -62.9% | -9.43% | -17.65% | -15.19% | -3.13% | -33.33% | 159.32% | 79.55% | 934.78% | -23.92% | 263.89% | 191.67% | -110.8% | -79.53% | -131.3% | -200% | 719.23% |
| EPS (Basic) | 1.03 | 0.76 | 0.94 | 0.69 | 0.96 | 1.27 | 0.67 | 1.87 | 1.06 | 1.53 | 0.79 | 1.92 | 1.60 | 0.59 | 0.44 | -0.23 | 2.09 | -0.36 | -0.48 | 2.13 |
| Diluted Shares Outstanding | 437.79M | 445.6M | 450.28M | 451.2M | 450.83M | 450.6M | 450.46M | 450.91M | 452.83M | 455.17M | 456.06M | 470.38M | 474.16M | 479.52M | 483.89M | 487.17M | 487.51M | 469.73M | 476.8M | 479.34M |
| Basic Shares Outstanding | 437.7M | 445.22M | 449.78M | 450.67M | 450.29M | 450.08M | 449.89M | 450.36M | 452.13M | 454.51M | 455.46M | 469.76M | 473.27M | 478.6M | 483.1M | 469.61M | 469.17M | 469.73M | 476.1M | 478.22M |
| Dividend Payout Ratio | 61% | 78.29% | 60.75% | 84.42% | 59.5% | 39.22% | 78.74% | 27.95% | 49.05% | 32.5% | 58.81% | 26.07% | 29.63% | 95.19% | 86.07% | - | 21.01% | - | - | 18.01% |