Industrials · Specialty Business Services
Price
$84.91
Market Cap
$37.1B
Employees
26,400
Beta
0.18
Avg Volume
2,035,067
CEO
Stephen John Hasker
Business Description
Thomson Reuters Corporation delivers essential business information services worldwide, with operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company is structured into five distinct divisions: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. For legal professionals, including law firms and governmental bodies, the Legal Professionals segment furnishes integrated workflow solutions. These comprehensive offerings blend specialized content, sophisticated tools, and powerful analytics to enhance legal research and operational efficiency. The Corporates segment provides a robust suite of technology solutions, infused with critical content, tailored for professionals navigating corporate legal, tax, regulatory, compliance, and IT landscapes. Serving tax, accounting, and audit specialists primarily within accounting firms, the Tax & Accounting Professionals division focuses on delivering research and workflow products that streamline tax processes and automate related tasks. Reuters News operates as a global news agency, supplying vital business, financial, and international news to media organizations, industry professionals, and the general public, also through industry events. Finally, the Global Print segment continues to offer legal and tax information, predominantly in print format, to its clientele, which includes legal and tax professionals, government entities, law schools, and corporations. The entity, originally known as The Thomson Corporation, officially adopted the name Thomson Reuters Corporation in April 2008. Established in 1851, its global headquarters are situated in Toronto, Canada, and it functions as a subsidiary of The Woodbridge Company Limited.
Business History
Price Overview
Price at report time · Jul 2, 6:36am (0m ago)
$84.91
Change · Jul 2
+3.24 (+3.97%)
Day Range
$82.39 – $86.97
52-Week Range
$76.28 – $218.42
50-Day MA
$86.18
200-Day MA
$114.35
Volume
1,136,995.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$85.00
Consensus
$137.44
High
$183.00
(37 analysts)
Share Structure
Outstanding
436,538,837.00
Float
127,403,860.00
Free Float
29.2%
Low free float
— 29.2% of shares trade freely, ~70.8% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
24.34
Stock Price: $84.91
EPS (Diluted): 3.40
EPS (Diluted): 3.40
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.05
Stock Price: $84.91
Total Equity: $11.91B
Shares: 449,532,466
Total Equity: $11.91B
Shares: 449,532,466
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
12.52
Market Cap: $37.07B
Total Debt: $2.12B
Cash: $511.00M
EBITDA: $3.05B
Total Debt: $2.12B
Cash: $511.00M
EBITDA: $3.05B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$61.8B
Market Cap: $37.07B
Total Debt: $2.12B
Cash: $511.00M
Total Debt: $2.12B
Cash: $511.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
75.8%
Gross Profit: $5.67B
Revenue: $7.48B
Revenue: $7.48B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
26.6%
Operating Income: $1.99B
Revenue: $7.48B
Revenue: $7.48B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
20.1%
Net Income: $1.50B
Revenue: $7.48B
Revenue: $7.48B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.7%
Net Income: $1.50B
Total Equity: $11.91B
Total Equity: $11.91B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
10.1%
Operating Income: $1.99B
Tax Rate: 22.2%
Equity: $11.91B
Total Debt: $2.12B
Cash: $511.00M
Tax Rate: 22.2%
Equity: $11.91B
Total Debt: $2.12B
Cash: $511.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.64
Current Assets: $2.23B
Current Liabilities: $3.46B
Current Liabilities: $3.46B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.18
Short-Term Debt: $793.55M
Long-Term Debt: $1.33B
Total Debt: $2.12B
Total Equity: $11.91B
Long-Term Debt: $1.33B
Total Debt: $2.12B
Total Equity: $11.91B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$16.63
Revenue: $7.48B
Shares: 449,532,466
Shares: 449,532,466
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$26.50
Total Equity: $11.91B
Shares: 449,532,466
Shares: 449,532,466
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$4.57
Operating CF: $2.70B
CapEx: -$645.10M
Shares: 449,532,466
CapEx: -$645.10M
Shares: 449,532,466
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.8%
Last Dividend: N/A
Stock Price: $84.91
Stock Price: $84.91
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.50B
Net Income: $1.50B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TRI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.3B | $6.6B | $6.8B | $7.3B | $7.5B |
| Cost of Revenue | $1.6B | $1.6B | $1.6B | $1.8B | $1.8B |
| Gross Profit | $4.8B | $5.0B | $5.2B | $5.5B | $5.7B |
| Operating Expenses | $3.5B | $3.2B | $2.9B | $3.4B | $3.7B |
| Operating Income | $1.2B | $1.8B | $2.3B | $2.1B | $2.0B |
| Net Income | $5.7B | $1.3B | $2.7B | $2.2B | $1.5B |
| EBITDA | $2.0B | $3.0B | $3.0B | $3.1B | $3.0B |
| EPS | $11.42 | $2.65 | $5.91 | $4.89 | $3.40 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $708.0M | $988.0M | $1.2B | $1.9B | $511.0M |
| Total Current Assets | $2.5B | $2.8B | $2.9B | $3.5B | $2.2B |
| Total Assets | $22.1B | $21.7B | $18.7B | $18.4B | $17.9B |
| Current Liabilities | $2.6B | $4.9B | $3.2B | $3.4B | $3.5B |
| Long-Term Debt | $3.8B | $3.1B | $2.9B | $1.8B | $1.3B |
| Total Liabilities | $8.3B | $9.8B | $7.6B | $6.4B | $6.0B |
| Total Equity | $13.8B | $11.9B | $11.1B | $12.0B | $11.9B |
| Retained Earnings | $9.1B | $7.6B | $8.7B | $9.7B | $9.2B |
Cash Flow (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2.7B | $1.9B | $2.4B | $2.3B | $2.7B |
| Capital Expenditure | -$482.7M | -$571.4M | -$554.0M | -$577.9M | -$645.1M |
| Free Cash Flow | $2.3B | $1.3B | $1.8B | $1.8B | $2.1B |
| Acquisitions (net) | $9.9M | $24.0M | -$812.6M | -$647.4M | -$599.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.4B | -$1.2B | -$3.2B | -$608.3M | -$1.0B |
| Net Change in Cash | -$1.0B | $291.6M | $222.8M | $675.5M | -$1.5B |
Analyst Estimates (Annual)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$7.5B $7.5B – $7.5B
|
$7.9B $7.8B – $8.0B
|
$8.5B $8.4B – $8.5B
|
$9.2B $9.1B – $9.3B
|
| EBITDA |
$3.5B $3.5B – $3.5B
|
$3.7B $3.7B – $3.7B
|
$4.0B $4.0B – $4.0B
|
$4.3B $4.3B – $4.3B
|
| Net Income |
$1.8B $1.8B – $1.8B
|
$1.9B $1.9B – $2.0B
|
$2.2B $2.1B – $2.3B
|
$2.5B $2.3B – $2.8B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 2, 2026 6:36am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.4% | +2.5% | +6.8% | +3.0% |
| Gross Profit Growth | +5.8% | +3.8% | +4.5% | +3.7% |
| Operating Income Growth | +47.7% | +27.2% | -9.6% | -5.7% |
| Net Income Growth | -76.5% | +101.4% | -18.0% | -32.0% |
| EBITDA Growth | +48.6% | -2.0% | +3.5% | -0.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2007-07-25 | HALVERSTADT DONALD B | D-Return | 7,500.00 | $40.84 | $306,300 |
| 2007-07-25 | HALVERSTADT DONALD B | D-Return | 8,000.00 | $34.19 | $273,520 |
| 2007-07-25 | HALVERSTADT DONALD B | D-Return | 18,000.00 | $24.98 | $449,640 |
| 2007-07-25 | HALVERSTADT DONALD B | D-Return | 7,500.00 | $24.45 | $183,375 |
| 2007-07-25 | HALVERSTADT DONALD B | D-Return | 5,643.00 | $54.00 | $304,722 |
| 2007-07-25 | SHELTON JAMES D | D-Return | 160,000.00 | $30.00 | $4.8M |
| 2007-07-25 | SHELTON JAMES D | D-Return | 154.00 | $54.00 | $8,316 |
| 2007-07-25 | SHELTON JAMES D | D-Return | 100,000.00 | $25.94 | $2.6M |
| 2007-07-25 | SHELTON JAMES D | D-Return | 250,000.00 | $32.15 | $8.0M |
| 2007-07-25 | SHELTON JAMES D | D-Return | 66,909.00 | $17.07 | $1.1M |
| 2007-07-25 | SHELTON JAMES D | D-Return | 300,000.00 | $35.52 | $10.7M |
| 2007-07-25 | REINHARDT UWE E | D-Return | 7,500.00 | $24.45 | $183,375 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 18,000.00 | $24.98 | $449,640 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 8,000.00 | $34.19 | $273,520 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 5,288.00 | $54.00 | $285,552 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 20,000.00 | $11.50 | $230,000 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 6,000.00 | $19.44 | $116,625 |
| 2007-07-25 | REINHARDT UWE E | D-Return | 7,500.00 | $40.84 | $306,300 |
| 2007-07-25 | DEPARLE NANCY ANN | D-Return | 7,500.00 | $40.84 | $306,300 |
| 2007-07-25 | DEPARLE NANCY ANN | D-Return | 7,500.00 | $24.45 | $183,375 |
Dividend History (Last 20)
Last updated: Jul 2, 2026 6:36am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-20 | $0.66 | 2026-05-04 | 2026-05-20 | 2026-06-10 |
| 2026-05-04 | $1.44 | 2026-04-15 | 2026-05-04 | 2026-05-04 |
| 2026-02-17 | $0.66 | 2026-02-04 | 2026-02-17 | 2026-03-10 |
| 2025-11-18 | $0.60 | 2025-11-03 | 2025-11-18 | 2025-12-10 |
| 2025-08-19 | $0.60 | 2025-08-05 | 2025-08-19 | 2025-09-10 |
| 2025-05-15 | $0.60 | 2025-04-30 | 2025-05-15 | 2025-06-10 |
| 2025-02-20 | $0.60 | 2025-02-06 | 2025-02-20 | 2025-03-10 |
| 2024-11-21 | $0.54 | 2024-11-05 | 2024-11-21 | 2024-12-10 |
| 2024-08-15 | $0.54 | 2024-08-01 | 2024-08-15 | 2024-09-10 |
| 2024-05-15 | $0.54 | 2024-05-02 | 2024-05-16 | 2024-06-10 |
| 2024-02-20 | $0.54 | 2024-02-08 | 2024-02-21 | 2024-03-08 |
| 2023-11-15 | $0.49 | 2023-11-01 | 2023-11-16 | 2023-12-15 |
| 2023-08-16 | $0.49 | 2023-08-02 | 2023-08-17 | 2023-09-15 |
| 2023-06-23 | $4.67 | |||
| 2023-05-17 | $0.49 | 2023-05-02 | 2023-05-18 | 2023-06-15 |
| 2023-02-22 | $0.49 | 2023-02-09 | 2023-02-23 | 2023-03-16 |
| 2022-11-16 | $0.45 | 2022-11-01 | 2022-11-17 | 2022-12-15 |
| 2022-08-17 | $0.45 | 2022-02-02 | 2022-08-18 | 2022-09-15 |
| 2022-05-25 | $0.45 | 2022-05-03 | 2022-05-26 | 2022-06-15 |
| 2022-02-23 | $0.45 | 2022-02-08 | 2022-02-24 | 2022-03-15 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TRI — it's generated by the pipeline (
market-narrative step).
No community reviews yet for TRI.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.367 · 8fb65fa8 · 2026-07-01 20:05:31