How Thomson Reuters makes money

Period

FY2025

How does Thomson Reuters make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Thomson Reuters Corporation · FY2025 · year ended 2025-12-31

Revenue$7.5BGross profit$7.5B · 100%Cost of revenue$0 · 0%Operating income$2.1B · 29%Operating expenses$5.3B · 71%Other opex$5.3B · 71%Pre-tax income$1.9B · 26%Other expense$207M · 3%Net income$1.5B · 20%Income tax$423M · 6%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.