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TRI

Thomson Reuters Corporation

TRI

Thomson Reuters Corporation • NASDAQ
$135.43 ▲ 1.11% (+1.49)
Market Cap $60.97 B
52w High $218.42
52w Low $131.11
Dividend Yield 2.38%
P/E 34.99
Volume 288.72K
Outstanding Shares 450.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.782B ▼ $759M ▼ $423M ▲ 23.737% ▲ $0.93 ▲ $819.59M ▲
Q2-2025 $1.785B ▼ $911M ▲ $313M ▼ 17.535% ▼ $0.69 ▼ $629M ▼
Q1-2025 $1.9B ▼ $889M ▲ $434M ▼ 22.842% ▼ $0.959 ▼ $795M ▼
Q4-2024 $1.909B ▲ $696M ▼ $587M ▲ 30.749% ▲ $1.265 ▲ $1.005B ▲
Q3-2024 $1.724B $875M $301M 17.459% $0.674 $611M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $617.398M ▼ $17.833B ▼ $6.083B ▲ $11.75B ▼
Q2-2025 $727M ▼ $18.006B ▼ $5.362B ▼ $12.644B ▲
Q1-2025 $1.406B ▼ $18.478B ▲ $6.182B ▼ $12.296B ▲
Q4-2024 $1.888B ▲ $18.437B ▲ $6.431B ▼ $12.006B ▲
Q3-2024 $1.627B $18.431B $6.558B $11.873B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $423.255M ▲ $697.475M ▼ $-134.223M ▲ $-597.182M ▲ $-48.08M ▲ $537.289M ▼
Q2-2025 $301.894M ▼ $763.746M ▲ $-174.125M ▲ $-1.314B ▼ $-705.589M ▼ $597.882M ▲
Q1-2025 $423.716M ▼ $443.655M ▼ $-753.716M ▼ $-287.13M ▼ $-595.763M ▼ $293.112M ▼
Q4-2024 $589.87M ▲ $551.789M ▼ $-62.82M ▲ $-254.22M ▲ $238.565M ▲ $395.016M ▼
Q3-2024 $279.228M $759.173M $-218.866M $-494.097M $46.511M $609.544M

Five-Year Company Overview

Income Statement

Income Statement Thomson Reuters shows steady, if not spectacular, revenue growth over the past few years, with sales trending slightly upward rather than rapidly expanding. Profitability has improved meaningfully, with operating performance getting stronger and margins generally widening. Net income and earnings per share, however, are a bit bumpy, with one year in particular boosted by one‑off gains that make the long‑term trend look noisier than the underlying business. Stripping out those unusual items, the core operations look disciplined and profitable, driven by recurring, subscription‑like revenue from professional clients.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually cleaner. Total debt has been coming down over time, while equity has been building, which points to a more conservatively financed company. Cash on hand has fluctuated but remains comfortable relative to obligations. Overall, the business appears to be moving toward a lighter debt load and a more resilient capital structure, with no obvious signs of financial strain based on the multi‑year pattern.

Cash Flow

Cash Flow Cash generation is a key strength. The company consistently produces healthy operating cash flow and positive free cash flow year after year. Investment in the business through capital spending has been steady and manageable, leaving a good buffer of cash after these investments. This pattern supports ongoing dividends, buybacks, and acquisitions without stretching the balance sheet, and suggests the underlying business is cash‑rich and predictable.

Competitive Edge

Competitive Edge Thomson Reuters occupies a strong niche as a trusted provider of essential information and software to legal, tax, accounting, corporate, and news customers. Its competitive moat is built on massive proprietary content libraries, deep subject‑matter expertise, and products that are tightly woven into clients’ daily workflows, making it hard and risky for customers to switch. The brand is associated with accuracy and independence, especially through Reuters, which is critical in legal and financial contexts. While it operates in a competitive landscape with other large data and software providers, its embedded position with top law firms, accounting firms, and corporates gives it durable bargaining power and stable, recurring revenue.

Innovation and R&D

Innovation and R&D The company is leaning heavily into artificial intelligence and workflow automation, using its content and domain experts as fuel for advanced tools. It is rolling out AI‑enabled products across legal research, tax, compliance, and news, aiming to not just answer questions but automate full tasks and processes. Acquisitions in legal and tax tech have helped accelerate this shift and deepen its AI capabilities. The opportunity is to make its platforms more indispensable and increase customer reliance; the risk is execution—ensuring these tools are accurate, secure, and clearly valuable in a fast‑moving, competitive AI arms race.

Summary

Overall, Thomson Reuters looks like a mature, high‑quality information and software business: modest top‑line growth, improving profitability, solid balance sheet, and strong, recurring cash flows. Its competitive position is anchored in trusted content, specialized expertise, and high switching costs, which together support resilience through economic cycles. The major strategic story is its push to become a “content‑driven technology” and AI company, using generative and agent‑based AI to deepen its moat and expand into more corporate workflows. Key uncertainties center on how effectively it can commercialize these innovations, manage competitive pressure from other AI‑enabled platforms, and maintain trust and accuracy as automation takes on a larger role in its customers’ critical decisions.

NEWS

November 12, 2025 · 11:00 AM UTC

Thomson Reuters to Present at JP Morgan Ultimate Services Investor Conference

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November 5, 2025 · 9:00 AM UTC

Thomson Reuters Advances AI Market Leadership with New Agentic AI Solutions

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November 4, 2025 · 6:30 AM UTC

Thomson Reuters Reports Third-Quarter 2025 Results

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November 4, 2025 · 5:15 AM UTC

Thomson Reuters Joins NetDocuments ndConnect Program to Deliver Secure, Integrated AI Experiences for Legal Professionals

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October 1, 2025 · 11:00 AM UTC

Thomson Reuters Third-Quarter 2025 Earnings Announcement and Webcast Scheduled for November 4, 2025

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