TRI revenueFY2025$7.48B
- FY YoY
- +3.0%
- 5Y CAGR
- +4.6%
TRI revenue was $7.48B for fiscal 2025 (ended Dec 31, 2025), up 3.0% from fiscal 2024. Compound annual growth was +4.6% over 5 years. It rose in 8 of the last 9 fiscal years.
Thomson Reuters Corporation (TRI) financials
For fiscal 2025 (ended Dec 31, 2025), Thomson Reuters Corporation reported $7.48B of revenue and $1.50B of net income.
- Revenue, FY2025
- $7.48B
- Revenue growth, YoY
- +3.0%
- Net income, FY2025
- $1.50B
- Net income growth, YoY
- -32.0%
- Net margin
- 20.1%
- Free cash flow, FY2025
- $2.02B
- EPS, diluted, FY2025
- $3.33
- EPS growth, YoY
- -31.9%
- Cash
- $511.00M
- Total debt
- $2.12B
- P/E
- 32.49
- P/S
- 6.53
- Market cap
- $48.79B
FY2016FY2025
FY2016FY2025
FY2017FY2025
TRI revenue and earnings growth
TRI net incomeFY2025$1.50B
- FY YoY
- -32.0%
- 5Y CAGR
- +6.0%
TRI net income was $1.50B for fiscal 2025 (ended Dec 31, 2025), down 32.0% from fiscal 2024. Compound annual growth was +6.0% over 5 years. It rose in 3 of the last 9 fiscal years.
TRI EPSFY2025$3.33
- FY YoY
- -31.9%
- 5Y CAGR
- +8.2%
TRI diluted EPS was $3.33 for fiscal 2025 (ended Dec 31, 2025), down 31.9% from fiscal 2024. Compound annual growth was +8.2% over 5 years.
TRI free cash flowFY2025$2.02B
- FY YoY
- +9.0%
- 5Y CAGR
- +10.2%
TRI free cash flow was $2.02B for fiscal 2025 (ended Dec 31, 2025), up 9.0% from fiscal 2024. Compound annual growth was +10.2% over 5 years. It rose in 6 of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.48B | $7.26B | $6.79B | $6.63B | $6.35B | $5.98B | $5.91B | $5.50B | $5.30B | $11.17B |
| Operating income | $2.13B | $2.11B | $2.33B | $1.83B | $1.24B | $1.93B | $1.20B | $780.00M | $1.03B | $1.39B |
| Income tax | $423.00M | -$123.00M | $417.00M | $259.00M | $1.61B | $71.00M | -$1.20B | $136.00M | -$134.00M | -$15.00M |
| Net income | $1.50B | $2.21B | $2.69B | $1.34B | $5.69B | $1.12B | $1.56B | $3.93B | $1.40B | $3.10B |
| EPS, basic | $3.34 | $4.89 | $5.81 | $2.76 | $11.53 | $2.25 | $3.12 | $5.89 | $1.94 | $4.14 |
| EPS, diluted | $3.33 | $4.89 | $5.80 | $2.75 | $11.50 | $2.25 | $3.11 | $5.88 | $1.94 | $4.13 |
| Diluted shares | 449.5M | 451.2M | 464.0M | 484.9M | 494.5M | 498.0M | 502.5M | 668.2M | 720.2M | 749.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $511.00M | $1.97B | $1.30B | $1.07B | $778.00M | $1.79B | $825.00M | $2.71B | $874.00M | $2.37B |
| Inventory | $23.00M | $21.00M | $20.00M | $29.00M | $28.00M | $26.00M | $23.00M | $33.00M | $31.00M | $32.00M |
| Current assets | $2.23B | $3.49B | $2.92B | $2.81B | $2.45B | $3.98B | $3.07B | $4.52B | $2.98B | $4.63B |
| Goodwill | $7.91B | $7.26B | $6.72B | $5.87B | $5.94B | $5.98B | $5.85B | $5.08B | $15.04B | $14.48B |
| Total assets | $17.94B | $18.44B | $18.68B | $21.71B | $22.15B | $17.88B | $17.30B | $17.02B | $26.48B | $27.85B |
| Current liabilities | $3.47B | $3.44B | $3.23B | $4.89B | $2.58B | $2.65B | $3.22B | $2.69B | $4.80B | $4.56B |
| Short-term debt | $795.00M | $973.00M | $372.00M | $1.65B | $0 | - | $579.00M | $3.00M | $1.64B | $1.11B |
| Long-term debt | $1.33B | $1.85B | $2.90B | $3.11B | $3.79B | $3.77B | $2.68B | $3.21B | $5.38B | $6.28B |
| Total debt | $2.12B | $2.82B | $3.28B | $4.76B | $3.79B | $3.77B | $3.25B | $3.22B | $7.03B | $7.39B |
| Total liabilities | $6.03B | $6.43B | $7.62B | $9.83B | $8.31B | $7.90B | $7.74B | $7.81B | $12.90B | $14.60B |
| Shareholders' equity | $11.91B | $12.01B | $11.06B | $11.88B | $13.83B | $9.98B | $9.56B | $9.21B | $13.57B | $13.26B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.65B | $2.46B | $2.34B | $1.92B | $1.77B | $1.75B | $702.00M | $2.06B | $2.03B | $2.98B |
| Capital expenditures | $634.00M | $607.00M | $544.00M | $595.00M | $487.00M | $504.00M | $505.00M | $576.00M | $519.00M | - |
| Free cash flow | $2.02B | $1.85B | $1.80B | $1.32B | $1.29B | $1.24B | $197.00M | $1.49B | $1.51B | - |
| Investing cash flow | -$1.28B | $680.00M | $3.51B | -$462.00M | -$504.00M | -$138.00M | -$1.38B | $14.73B | -$1.05B | $2.19B |
| Financing cash flow | -$2.83B | -$2.46B | -$5.63B | -$1.16B | -$2.27B | -$644.00M | -$1.20B | -$14.94B | -$2.49B | -$3.71B |
| Share repurchases | $1.00B | $639.00M | $1.08B | $1.28B | $1.40B | $200.00M | $488.00M | $1.17B | $1.00B | $1.67B |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 3.0% | 6.8% | 2.5% | 4.4% | 6.1% | 1.3% | 7.4% | 3.9% | -52.6% | - |
| Net income growth, YoY | -32.0% | -18.0% | 101.4% | -76.5% | 407.0% | -28.3% | -60.2% | 181.9% | -55.0% | - |
| EPS growth, YoY | -31.9% | -15.7% | 110.9% | -76.1% | 411.1% | -27.7% | -47.1% | 203.1% | -53.0% | - |
| Operating margin | 28.5% | 29.1% | 34.3% | 27.7% | 19.6% | 32.2% | 20.3% | 14.2% | 19.5% | 12.4% |
| Net margin | 20.1% | 30.4% | 39.7% | 20.2% | 89.6% | 18.8% | 26.5% | 71.5% | 26.3% | 27.7% |
| Free cash flow margin | 27.0% | 25.5% | 26.4% | 19.9% | 20.3% | 20.7% | 3.3% | 27.0% | 28.5% | - |
| Return on equity | 12.6% | 18.4% | 24.4% | 11.3% | 41.1% | 11.2% | 16.4% | 42.7% | 10.3% | 23.4% |
| Return on assets | 8.4% | 12.0% | 14.4% | 6.2% | 25.7% | 6.3% | 9.0% | 23.1% | 5.3% | 11.1% |
| Current ratio | 0.64 | 1.02 | 0.90 | 0.57 | 0.95 | 1.50 | 0.95 | 1.68 | 0.62 | 1.02 |
| Debt to equity | 0.18 | 0.23 | 0.30 | 0.40 | 0.27 | 0.38 | 0.34 | 0.35 | 0.52 | 0.56 |
Source: XBRL data Thomson Reuters Corporation files with the SEC, latest filing dated Mar 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
TRI peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TRI | $7.48B | +3.0% | $1.50B | 20.1% | $48.79B |
| MH | $2.08B | -0.7% | $73.77M | 3.5% | $2.08B |
| CMPR | $3.81B | +10.0% | $85.57M | 2.2% | $1.39B |
| WBTN | $1.37B | -0.5% | -$343.92M | -25.1% | $1.31B |
| DLX | $2.13B | +0.4% | $79.90M | 3.8% | $1.22B |
| ACCO | $1.57B | +1.5% | $66.30M | 4.2% | $467.2M |
| QUAD | $2.38B | -4.9% | $26.50M | 1.1% | $387.2M |
| PMTS | $607.70M | +17.9% | $16.46M | 2.7% | $283.4M |
| MGIH | $20.34M | -19.7% | -$7.09M | -34.9% | $13.7M |
TRI FAQ
8 questionsWhat is TRI revenue?
Thomson Reuters Corporation (TRI) reported $7.48B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 3.0% from the year before.Is TRI profitable?
Yes. Thomson Reuters Corporation earned $1.50B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 20.1%.How much cash and debt does TRI have?
Thomson Reuters Corporation reported $511.00M in cash and cash equivalents and $2.12B of debt on its most recent balance sheet in SEC filings.How fast is TRI revenue growing?
Thomson Reuters Corporation's revenue changed +3.0% in fiscal 2025, to $7.48B. Its compound annual growth rate was +4.6% over 5 years.What is TRI free cash flow?
Thomson Reuters Corporation generated $2.02B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $2.65B less capital expenditures.What is TRI earnings per share?
Diluted earnings per share were $3.33 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did TRI last report financial results?
The latest statements here come from Thomson Reuters Corporation's 40-F filed on Mar 5, 2026, covering the period ended Dec 31, 2025.Where does this TRI financial data come from?
Quantisnow builds these statements from the structured XBRL data Thomson Reuters Corporation files with the SEC. It is provided for information only and is not investment advice.