TRI

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Thomson Reuters Corp

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Key Metrics

Previous Close: $104.95
52-Week Range: $76.28 – $180.00
Market Cap: $45.87B
P/E (TTM): 27.86
EPS (TTM): 3.80
Dividend Yield: 2.50%

Advanced Metrics

Price/Book: 4.12
PEG Ratio: 1.59
Return on Equity: 14.17%
Return on Assets: 7.44%
Gross Margin: 39.66%
Operating Margin: 28.30%
Profit Margin: 21.22%
Current Ratio: 0.51
Debt/Equity: 0.29
Total Debt: $3.20B
Free Cash Flow: $2.11B
Revenue Growth: 9.50%
Earnings Growth: 47.20%
Enterprise Value: $47.98B

TRI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.63B	$6.79B	$7.26B	$7.48B
Cost of Revenue	$1.58B	$1.56B	$1.79B	$1.81B
Gross Profit	$5.04B	$5.23B	$5.47B	$5.67B
Selling, General & Admin	$2.67B	$2.53B	$2.66B	$2.72B
Operating Expenses	$3.23B	$3.28B	$3.57B	$3.68B
Operating Income	$1.81B	$1.95B	$1.90B	$1.99B
EBITDA	$3.01B	$2.95B	$3.05B	$3.05B
Pretax Income	$2.08B	$1.99B	$2.03B	$1.93B
Income Tax	$259.00M	$417.00M	-$123.00M	$423.00M
Net Income	$1.34B	$2.69B	$2.21B	$1.50B
Diluted EPS	3.03	5.89	4.97	3.38
Diluted Shares	460.23M	456.81M	444.27M	442.59M

TRI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$988.00M	$1.20B	$1.85B	$371.00M
Receivables	$1.14B	$1.19B	$1.15B	$1.22B
Inventory	$29.00M	$20.00M	$21.00M	$23.00M
Current Assets	$2.81B	$2.92B	$3.49B	$2.23B
Total Assets	$21.71B	$18.68B	$18.44B	$17.94B
Current Liabilities	$4.89B	$3.23B	$3.44B	$3.47B
Long-Term Debt	$3.11B	$2.90B	$1.85B	$1.33B
Total Debt	$5.00B	$3.54B	$3.08B	$2.37B
Total Liabilities	$9.83B	$7.62B	$6.43B	$6.03B
Retained Earnings	$7.64B	$8.68B	$9.70B	$9.22B
Shareholders' Equity	$11.88B	$11.06B	$12.01B	$11.91B
Working Capital	-$2.08B	-$312.00M	$54.00M	-$1.24B
Net Debt	$3.77B	$2.08B	$967.00M	$1.75B

TRI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.92B	$2.34B	$2.46B	$2.65B
Capital Expenditure	-$595.00M	-$544.00M	-$607.00M	-$634.00M
Free Cash Flow	$1.32B	$1.80B	$1.85B	$2.02B
Depreciation & Amortisation	$724.00M	$725.00M	$822.00M	$930.00M
Investing Cash Flow	-$462.00M	$3.51B	$680.00M	-$1.28B
Financing Cash Flow	-$1.16B	-$5.63B	-$2.46B	-$2.83B
Dividends Paid	-$837.00M	-$892.00M	-$949.00M	-$1.04B
Share Repurchases	-$1.28B	-$3.12B	-$639.00M	-$1.00B
Net Change in Cash	$297.00M	$228.00M	$678.00M	-$1.46B

TRI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.90B	$1.78B	$1.78B	$2.01B	$2.09B
Cost of Revenue	$448.00M	$438.00M	$430.00M	$493.00M	$493.00M
Gross Profit	$1.45B	$1.35B	$1.35B	$1.52B	$1.59B
Selling, General & Admin	$644.00M	$670.00M	$674.00M	$729.00M	$704.00M
Operating Expenses	$882.00M	$904.00M	$754.00M	$1.14B	$958.00M
Operating Income	$570.00M	$443.00M	$598.00M	$378.00M	$636.00M
EBITDA	$795.00M	$629.00M	$846.00M	$777.00M	$898.00M
Pretax Income	$523.00M	$353.00M	$562.00M	$496.00M	$609.00M
Income Tax	$92.00M	$52.00M	$121.00M	$158.00M	$125.00M
Net Income	$434.00M	$313.00M	$423.00M	$332.00M	$459.00M
Diluted EPS	0.98	0.70	0.95	0.75	1.05
Diluted Shares	443.87M	444.24M	443.33M	438.72M	437.79M

TRI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.37B	$664.00M	$618.00M	$371.00M	$400.00M
Receivables	$1.05B	$1.09B	$1.05B	$1.22B	$1.18B
Inventory	—	—	—	$23.00M	—
Current Assets	$2.89B	$2.26B	$2.19B	$2.23B	$2.13B
Total Assets	$18.48B	$17.97B	$17.85B	$17.94B	$17.94B
Current Liabilities	$3.16B	$2.85B	$3.56B	$3.47B	$3.53B
Long-Term Debt	$1.84B	$1.34B	$1.34B	$1.33B	$1.33B
Total Debt	$3.06B	$2.09B	$2.42B	$2.37B	$2.45B
Total Liabilities	$6.18B	$5.35B	$6.09B	$6.03B	$6.13B
Retained Earnings	$9.87B	$9.93B	$9.11B	$9.22B	$9.15B
Shareholders' Equity	$12.30B	$12.62B	$11.76B	$11.91B	$11.81B
Working Capital	-$270.00M	-$598.00M	-$1.38B	-$1.24B	-$1.40B
Net Debt	$1.44B	$1.18B	$1.56B	$1.75B	$2.05B

TRI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$445.00M	$746.00M	$704.00M	$756.00M	$505.00M
Capital Expenditure	-$151.00M	-$163.00M	-$162.00M	-$158.00M	-$156.00M
Free Cash Flow	$294.00M	$583.00M	$542.00M	$598.00M	$349.00M
Depreciation & Amortisation	$226.00M	$230.00M	$234.00M	$240.00M	$245.00M
Investing Cash Flow	-$756.00M	-$182.00M	-$141.00M	-$205.00M	-$367.00M
Financing Cash Flow	-$288.00M	-$1.27B	-$607.00M	-$658.00M	-$248.00M
Dividends Paid	-$260.00M	-$261.00M	-$261.00M	-$257.00M	-$281.00M
Share Repurchases	$0.00	$0.00	-$670.00M	-$330.00M	-$262.00M
Net Change in Cash	-$599.00M	-$711.00M	-$44.00M	-$107.00M	-$110.00M

Market Snapshot

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