Revenue
5Y CAGR +4.6%5Y CAGR +4.6%$7.5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
TRI
$109.30+0.05%
as of close, Nov 13, 2026
☾ AH $109.30 +0.05%
Thomson Reuters CorporationStock · IndustrialsNasdaq-100 · 0.1% of QQQNasdaq Composite · 0.1% of ONEQMSCI World · 0.02% of URTHMSCI ACWI · 0.02% of ACWI
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TRI financial statements
The full income statement, balance sheet, and cash-flow statement for Thomson Reuters Corporation (TRI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Operating income
5Y CAGR +12.0%5Y CAGR +12.0%— FY25
FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Net income
5Y CAGR +6.0%5Y CAGR +6.0%$1.5B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
EPS (diluted)
5Y CAGR +8.2%5Y CAGR +8.2%$3.33 FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Operating cash flow
5Y CAGR +8.7%5Y CAGR +8.7%$2.7B FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Capital expenditure
5Y CAGR +4.7%5Y CAGR +4.7%$634M FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Free cash flow
5Y CAGR +10.2%5Y CAGR +10.2%$2B FY25
FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares (diluted)
5Y −9.7%5Y −9.7%449.5M FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Dividend per share
5Y CAGR +9.4%5Y CAGR +9.4%$2.30 FY25
FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
No quarters filed for this figure.
Shares outstanding (point-in-time)
2017-12 709.3M2018-12 501.5M2019-12 497.5M2020-12 497.1M2021-12 486.1M2022-12 484.9M2023-12 464.0M2024-12 451.2M2025-12 449.5M-36.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.48B+3.0% | 7.26B+6.8% | 6.79B+2.5% | 6.63B+4.4% | 6.35B+6.1% | |
| Operating income | — | 2.11B-9.6% | 2.33B+27.2% | 1.83B+47.7% | 1.24B-35.6% | |
| Income tax | 423M+443.9% | -123M-129.5% | 417M+61.0% | 259M-83.9% | 1.61B+2163.4% | |
| 1.50B-31.9% | 2.21B-18.1% | 2.69B+101.4% | 1.34B-76.5% | 5.69B+407.0% | ||
| Net income to common | 1.50B-32.0% | 2.21B-18.0% | 2.69B+101.4% | 1.34B-76.5% | 5.69B+407.0% | |
| $3.33-31.9% | $4.89-15.7% | $5.80+110.9% | $2.75-76.1% | $11.50+411.1% | ||
| EPS (basic) | $3.34-31.7% | $4.89-15.8% | $5.81+110.5% | $2.76-76.1% | $11.53+412.4% | |
| Weighted-avg shares (basic) | 449M-0.4% | 450M-2.7% | 463M-4.3% | 484M-1.9% | 493M-0.7% | |
| Weighted-avg shares (diluted) | 450M-0.4% | 451M-2.7% | 464M-4.3% | 485M-1.9% | 495M-0.7% | |
| Dividends per share | $2.30+10.1% | $2.09+9.4% | $1.91+11.2% | $1.72+8.2% | $1.59+8.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.23B-36.2% | 3.49B+19.5% | 2.92B+3.9% | 2.81B+14.6% | 2.45B-38.3% | ||
| Cash & equivalents | 511M-74.0% | 1.97B+51.6% | 1.30B+21.4% | 1.07B+37.4% | 778M-56.5% | |
| Inventory | 23.0M+9.5% | 21.0M+5.0% | 20.0M-31.0% | 29.0M+3.6% | 28.0M+7.7% | |
| 17.9B-2.7% | 18.4B-1.3% | 18.7B-13.9% | 21.7B-2.0% | 22.1B+23.9% | ||
| Property, plant & equipment | 361M-6.5% | 386M-13.6% | 447M+8.0% | 414M-17.5% | 502M-7.9% | |
| Goodwill | 7.91B+9.0% | 7.26B+8.1% | 6.72B+14.5% | 5.87B-1.2% | 5.94B-0.6% | |
| 3.47B+0.9% | 3.44B+6.3% | 3.23B-33.9% | 4.89B+89.5% | 2.58B-2.7% | ||
| Short-term & current debt | 795M-18.3% | 973M+161.6% | 372M-77.4% | 1.65B | 0.00 | |
| 6.03B-6.3% | 6.43B-15.6% | 7.62B-22.5% | 9.83B+18.2% | 8.31B+5.2% | ||
| Long-term debt | 1.33B-28.1% | 1.85B-36.4% | 2.90B-6.7% | 3.11B-17.7% | 3.79B+0.4% | |
| 11.9B-0.8% | 12.0B+8.5% | 11.1B-6.9% | 11.9B-14.1% | 13.8B+38.6% | ||
| Total equity incl. non-controlling | 11.9B-0.8% | 12.0B+8.5% | 11.1B-6.9% | 11.9B-14.1% | 13.8B+38.6% | |
| Shares outstanding (cover) | — | — | — | — | 486M-2.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.65B+7.9% | 2.46B+5.0% | 2.34B+22.2% | 1.92B+8.0% | 1.77B+1.6% | ||
| Depreciation & amortization | 209M+2.5% | 204M+75.9% | 116M-17.1% | 140M-20.9% | 177M-3.8% | |
| Capital expenditure | 634M+4.4% | 607M+11.6% | 544M-8.6% | 595M+22.2% | 487M-3.4% | |
| Free cash flow | 2.02B+9.0% | 1.85B+2.9% | 1.80B+36.1% | 1.32B+2.6% | 1.29B+3.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 3.26B-0.7% | 3.28B-65.8% | 9.59B+820.1% | 1.04B | 0.00-100.0% | |
| Long-term debt repaid | 999M+244.5% | 290M-51.7% | 600M | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | — | — | 0.00 | |
| Dividends paid | 1.03B+9.6% | 944M+6.4% | 887M+6.4% | 834M+7.9% | 773M+5.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 59.3B-18.1% | 72.4B+2.1% | 70.9B+27.9% | 55.4B-4.6% | 58.1B+42.8% | |
| P/E | 39.5×+20.4% | 32.8×-38.1% | 53.0×+443.7% | 9.7×-4.6% | 10.2×-71.8% | |
| P/S | 7.9×-20.5% | 10.0×-6.8% | 10.7×+22.5% | 8.7×-4.6% | 9.2×+34.6% | |
| P/B | 5.0×-17.4% | 6.0×+1.0% | 6.0×+48.8% | 4.0×-4.6% | 4.2×+3.0% | |
| P/FCF | 29.4×-24.9% | 39.1×-27.2% | 53.7×+24.6% | 43.1×-4.6% | 45.2×+37.8% | |
| Earnings yield | 2.5%-16.9% | 3.0%+61.6% | 1.9%-81.6% | 10.3%+4.9% | 9.8%+255.0% | |
| FCF yield | 3.4%+33.1% | 2.6%+37.3% | 1.9%-19.7% | 2.3%+4.9% | 2.2%-27.5% | |
| Dividend yield | 1.7%+33.8% | 1.3%-0.2% | 1.3%-13.3% | 1.5%+13.4% | 1.3%-25.9% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: TRI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TRI filings on SEC EDGAR → Not investment advice.
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