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Thomson Reuters Corporation

Thomson Reuters Corporation

TRI.TO
Thomson Reuters CorporationCA flagToronto Stock Exchange
125.37
CAD
+0.49
- -
54.73BMarket Cap
Thomson Reuters Corporation
TRI.TO
(Toronto Stock Exchange)

Recent

price

125.37

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
18.22
19.23
18.41
17.8
18.11
16.72
17.34
8.55
8.68
12.43
12.69
13.55
14.43
14.9
16.36
16.91
17.39
Revenue per Share
1.27
-1.94
2.78
0.19
2.74
1.86
4.81
2.25
6.2
3.28
2.38
12.14
2.91
5.9
4.97
3.39
3.46
Basic EPS, GAAP
3.73
3.62
3.73
2.95
3.47
4.22
4.63
3.28
3.25
1.48
3.7
3.79
4.17
5.13
5.54
6
6.15
Free Cash Flow per Basic Share
1.26
1.34
1.44
1.46
1.49
1.51
1.52
1.55
1.43
1.47
1.55
1.65
1.82
1.96
2.14
2.35
2.41
Dividend per Share
29.01
24.59
25.8
24.33
24.47
23.82
26.03
26.48
12.74
17.74
18.71
27.44
24.81
22.96
26.27
25.56
28.96
Book Value per Share
-11.06
-13.09
-12.14
-14.1
-15.09
-16.03
-13.03
-13.48
-0.33
-1.73
-0.77
7.75
3.81
-0.36
0.11
-1.94
-2.31
Tangible Book Value per Share
717
718
713
714
696
673
644
619
634
475
471
468
459
456
444
442
441
Basic Weighted Avg Shares
13,070
13,807
13,132
12,702
12,607
11,257
11,166
5,297
5,501
5,906
5,984
6,348
6,627
6,794
7,258
7,476
7,663
Sales/Revenue/Turnover
10.86
15.62
19.84
11.82
19.47
13.5
12.63
19.52
14.09
20.3
32.07
19.44
27.39
28.7
26.12
26.61
26.82
Operating Margin (%)
1,574
1,709
1,735
1,830
1,822
1,582
1,552
605
619
717
792
770
724
725
822
930
949
Depreciation Expense
909
-1,390
1,989
137
1,909
1,255
3,098
1,395
3,933
1,564
1,122
5,689
1,338
2,695
2,210
1,502
1,527
Net Income, GAAP
13.06
- -
5.84
84.55
3.07
2.95
- -
- -
25.52
- -
4.02
152.47
12.44
20.98
- -
21.87
22.57
Effective Tax Rate (%)
6.95
-10.07
15.15
1.08
15.14
11.15
27.74
26.34
71.5
26.48
18.75
89.62
20.19
39.67
30.45
20.09
19.93
Profit Margin (%)
-1,352
-690
-859
-861
-951
-1,850
72
-1,819
1,830
-148
1,323
-128
-2,080
-312
54
-1,240
-1,396
Working Capital
6,873
7,160
6,223
7,470
7,576
6,829
6,278
5,382
3,213
2,929
3,995
3,983
3,293
3,114
2,045
1,518
1,328
LT Debt
19,675
16,750
17,498
16,430
14,659
13,100
13,256
13,575
9,210
9,560
9,980
13,834
11,885
11,064
12,006
11,914
11,812
Total Equity
4.56
- -
10.06
0.95
10.12
6.69
- -
- -
3.48
- -
13.43
-4.02
9.05
9.65
- -
10.47
10.61
Return on Invested Capital (%)
4.34
- -
9.21
0.62
8.88
6.32
- -
- -
22.95
- -
10.47
37.2
9.05
18.82
- -
11.49
16.34
Return on Capital (%)
4.38
-7.24
11.02
0.75
11.08
7.58
18.88
8.4
32.12
18.92
12.98
52.48
11.01
24.6
19.93
13.05
20.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
899
854
1,120
LT Borrowings
1,338
1,328
1,328
LT Finance Leases
179
190
- -
Preferred Equity and Hybrid Capital
- -
110
- -
Shares Outstanding
438
438
436
Market Capitalization
69,854
59,221
39,776

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,186
2,228
2,133
Cash, Cash Equivalents & STI
705
465
489
Accounts Receivable, Net
1,053
1,111
1,184
Inventories
- -
23
- -
Total Current Liabilities
3,561
3,468
3,529
Payables & Accruals
1,051
1,197
1,138
ST Debt
899
854
1,120
Deferred Revenue
1,132
1,251
1,162

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.5%
5.07%
-0.77%
Free Cash Flow
10.21%
8.94%
7.9%
Net Income, GAAP
56.73%
76.39%
-32.04%
Sales/Revenue/Turnover
-1.8%
4.57%
3%
Total Cash Common Dividend
0.68%
7.24%
9.64%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,885
1,740
1,724
1,909
7,258
2025
1,900
1,785
1,782
2,009
7,476
2026
2,087
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.08
1.89
0.68
1.32
4.97
2025
0.98
0.7
0.96
0.76
3.39
2026
1.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
0.53
0.54
0.53
2.14
2025
0.59
0.59
0.59
0.59
2.35
2026
0.64
- -
- -
- -
- -
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Business
Thomson Reuters Corporation (TSX/Nasdaq: TRI) provides trusted content, technology solutions, and human expertise to professionals across legal, tax and accounting, corporates, and news sectors worldwide. The company offers core products and services including legal research platforms such as Westlaw and Practical Law; AI-powered tools like CoCounsel for legal analysis, drafting, and workflows; tax and accounting software encompassing ONESOURCE for compliance, UltraTax CS, and SurePrep for 1040 automation; corporate solutions for trade management, risk, and ESG reporting via ONESOURCE+; and Reuters News for real-time financial, business, and international coverage delivered through desktops, media outlets, and reuters.com. It operates in five primary segments—Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print—serving law firms, governments, corporations, CPAs, CFOs, and media organizations in the Americas, Europe, Middle East, Africa, and Asia Pacific. Founded through the 2008 merger of Thomson Corporation—tracing roots to 1934—and Reuters Group—established in 1851—the company maintains headquarters in Toronto, Ontario, Canada, and remains majority-owned by The Woodbridge Company, the Thomson family holding entity. Thomson Reuters conducts global operations with a focus on high-value professional markets, delivering integrated workflow products that combine authoritative content, analytics, and generative AI capabilities. Recent developments include the October 2025 acquisition of SurePrep, LLC, for $500 million to bolster tax automation; the June 2025 completion of the TimeBase acquisition to enhance Australian legal offerings; the January 2025 purchase of SafeSend tax filing software for $600 million; and the February 2025 launch of a $150 million second Corporate Venture Capital Fund targeting Series A investments in legal, tax, and accounting innovations. In December 2025, the company announced a five-year Frontier AI Research Lab partnership with Imperial College London for foundational AI research and training of large-scale models, alongside new AI-powered audit ecosystem partnerships with Trullion, Audit Sight, Crunchafi, Fieldguide, Validis, and Valid8 Financial. It also transitioned its U.S. listing to Nasdaq Global Select Market in February 2025, joining the Nasdaq-100 index in July 2025, while emphasizing an open ecosystem strategy through gradual integrations like Pagero for compliance networks.