TRI

Thomson Reuters
D

TRI

Arincen87/100B

If you had invested in Thomson Reuters ago, it would be worth $3,182 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

87/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Thomson Reuters key facts

Style
Value stock · 6.1/10Growth 4.0 · Value 6.1 · Dividend 4.6
Day range
108.620 – 110.130
52-week range
76.280 – 144.350
Market capitalization
47.38B USD
P/E
30.53
PEG ratio
1.93
EPS
3.58
Div Yield
2.40%
EPS growth forecast (FY2026)
+0.4%
Volume
49,832
Beta
0.19
ESG score
64.8/100Environment 57 · Social 70 · Governance 68
Sector
Industrials
Industry
Specialty Business Services
CEO
Stephen John Hasker
Employees
27K
IPO date
12 Jun 2002

Thomson Reuters earnings

Next earnings · Q4 FY2026
EPS estimate
1.15 USD
Revenue estimate
2.00B USD
Last quarter · Q3 FY2026
EPS0.81Missed -9.0%Revenue1.80BBeat +0.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20281.20———2.13B———
Q1 FY20281.47——+15.71%2.30B——+8.07%
Q1 FY20271.27——+3.41%2.13B——+4.00%
Q4 FY20261.15——+7.48%2.00B——-0.34%
Q3 FY20260.890.81-8.99%-4.71%1.80B1.80B+0.12%-0.04%
Q2 FY20260.960.99+3.13%+13.79%1.89B1.93B+2.16%+6.96%
Q1 FY20261.181.23+4.24%+9.82%2.00B2.04B+1.99%+7.54%
Q4 FY20251.091.07-1.83%+5.94%2.01B2.00B-0.52%+5.38%
Q3 FY20250.810.85+4.94%+6.25%1.78B1.80B+1.34%+2.09%
Q2 FY20250.830.87+4.82%+2.35%1.81B1.80B-0.26%+2.48%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Thomson Reuters analyst forecast

12-month price target
115.00 USD
+5.21%

Analysts' 1-year price targets range from 85.00 to 135.00, with an average of 115.00.

Past year
1-year forecast
Strong sellStrong buy
Buy
10 ratings
Buy
6
Hold
4
Sell
0

12-month price target

Highest target135.00
Average target115.00
Lowest target85.00
Current price109.31

Thomson Reuters valuation

Price to earnings ratio (TTM)
30.53
Forward P/E (FY2026)
27.84
Price to sales (TTM)
6.01
Price to book
4.22
EV / EBITDA (TTM)
15.91

Capital structure

Market capitalization
47.38B USD
+
Total debt
3.81B USD
−
Cash and short-term investments
1.39B USD
=
Enterprise value
49.80B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)20.68————
FY2027 (est.)23.6720.68———
FY2026 (est.)27.8423.67———
Now (TTM)30.5324.146.014.2215.91
FY202539.4234.688.055.0520.28
FY202433.3341.5110.126.1224.47
FY202325.1440.7210.136.2224.13
FY202245.3844.148.784.9020.66
FY202111.0444.149.804.5032.38

Thomson Reuters against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Copart, Cintas, Rollins, RB Global, UL Solutions, and Aramark, the US Specialty Business Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median30.5
    20.069.1
  • Gross marginAt its median75.8%
    75.1%77.0%
    Against its peers: 1 of 7Peers' median 46.9%
  • Operating marginAt its median28.5%
    19.6%34.3%
    Against its peers: 2 of 7Peers' median 18.5%
  • Net marginLowest in 5 years20.1%
    20.1%89.6%
    Against its peers: 2 of 7Peers' median 12.3%
  • Return on equityBelow its median12.6%
    11.3%41.1%
    Against its peers: 5 of 7Peers' median 21.0%
  • Free cash flow marginAbove its median27.5%
    19.8%35.6%
    Against its peers: 1 of 7Peers' median 16.2%
  • Revenue growthBelow its median3.0%
    2.5%6.8%
    Against its peers: 6 of 7Peers' median 7.7%
  • EPS growthBelow its median-30.5%
    -76.8%377.0%
    Against its peers: 7 of 7Peers' median 7.5%
  • Debt to EBITDALowest in 5 years0.70×
    0.70×2.00×
    Against its peers: 2 of 7Peers' median 1.21×
  • Current ratioBelow its median0.64
    0.571.02
    Against its peers: 6 of 7Peers' median 1.21

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Thomson Reuters growth and profitability

Revenue (TTM)
7.88B USD
Net income (TTM)
1.58B USD
Gross margin
57.15%
Operating margin
25.04%
Net margin
20.02%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20257.48B+3.00%1.50B-32.04%75.80%28.52%20.09%3.05B-0.16%
FY20247.26B+6.83%2.21B-18.00%75.32%29.06%30.45%3.05B+3.46%
FY20236.79B+2.52%2.70B+101.42%77.04%34.32%39.67%2.95B-1.99%
FY20226.63B+4.40%1.34B-76.48%76.08%27.67%20.19%3.01B+48.64%
FY20216.35B+6.08%5.69B+407.04%75.08%19.57%89.62%2.03B-26.55%

Thomson Reuters revenue breakdown

By product

FY2025
100.0%Electronic Software And Services
SegmentRevenueShare of revenueChange on the year
Electronic Software And Services6.99B100.0%+3.7%

By region

FY2017
Americas: 35.3%United States: 32.3%EMEA: 15.1%Other Countries: 7.9%Asia Pacific: 6.4%Canada: 1.6%Others: 1.5%35.3%Americas32.3%United States15.1%EMEA7.9%Other Countries6.4%Asia Pacific1.6%Canada1.5%Others
RegionRevenueShare of revenueChange on the year
Americas7.05B35.3%—
United States6.44B32.3%—
EMEA3.01B15.1%—
Other Countries1.57B7.9%—
Asia Pacific1.27B6.4%—
Canada313.00M1.6%—
Others293.00M1.5%—

How Thomson Reuters makes its money

Revenue7.48B 100.0%
Cost of revenue1.81B 24.2%
Gross profit5.67B 75.8%
Selling and administration2.72B 36.3%
Other operating expenses818.00M 10.9%
Operating income2.13B 28.5%
Tax423.00M 5.7%
Other expense207.00M 2.8%
Net income1.50B 20.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Thomson Reuters dividends

Annual dividend
2.62 USD
Dividend yield (indicated)
2.40%
Payout ratio
130.19%
Years of dividend growth
33
Frequency
Quarterly
Next payment
0.66 USD
Next ex-dividend date
18 Nov 2026
Next payment date
10 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.382.171.961.781.621.521.446.321.381.36

Thomson Reuters financial health

Cash and short-term investments
1.39B USD
Total debt
3.81B USD
Net cash
-2.42B USD
Free cash flow (TTM)
2.10B USD
Current ratio
1.08
Debt to equity
0.34
Piotroski score
7 / 9
Altman Z-score
5.29

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025605.00M2.12B2.05B
FY20241.89B3.08B1.76B
FY20231.26B3.54B1.83B
FY20221.19B5.00B1.31B
FY2021816.00M4.05B2.26B

Thomson Reuters ownership

Institutions
92.48%
Institutional holders
455 (-39)
Free float
28.99%

Who owns the shares

Institutions 92.5% Others 7.5%
As of 30 Jun 2026

Shares free to trade

Free float 125.65M shares ·29.0% Closely held 307.81M shares ·71.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025448.97M449.53M-0.38%
FY2024450.61M451.24M-2.74%
FY2023463.18M463.97M-4.32%
FY2022483.89M484.93M-1.94%
FY2021493.44M494.50M-0.71%

Source: Financial Modeling Prep

Related Instruments

Title: Thomson Reuters Corp

Sector: Industrials
Industry: Specialty Business Services
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.

Common questions about Thomson Reuters stock