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THOMSON REUTERS CORP /CAN/

TRI Clue Score58
Ontario, Canada Fiscal year ends December CIK 0001075124
$103.21 +1.63% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $103.21 −9.76% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue11.17Operating income1.39Net income3.10EPS, diluted4.13Fiscal year 2017Revenue5.30 −52.6%Operating income1.03Net income1.40 −55.0%EPS, diluted1.94 −53.0%Fiscal year 2018Revenue5.50 +3.9%Operating income0.78Net income3.93 +181.9%EPS, diluted5.88 +203.1%Fiscal year 2019Revenue5.91 +7.4%Operating income1.20Net income1.56 −60.2%EPS, diluted3.11 −47.1%Fiscal year 2020Revenue5.98 +1.3%Operating income1.93Net income1.12 −28.3%EPS, diluted2.25 −27.7%Fiscal year 2021Revenue6.35 +6.1%Operating income1.24Net income5.69 +407.0%EPS, diluted11.50 +411.1%Fiscal year 2022Revenue6.63 +4.4%Operating income1.83Net income1.34 −76.5%EPS, diluted2.75 −76.1%Fiscal year 2023Revenue6.79 +2.5%Operating income2.33Net income2.70 +101.4%EPS, diluted5.80 +110.9%Fiscal year 2024Revenue7.26 +6.8%Operating income2.11Net income2.21 −18.0%EPS, diluted4.89 −15.7%Fiscal year 2025Revenue7.48 +3.0%Operating income2.13Net income1.50 −32.0%EPS, diluted3.33 −31.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.17 5.30 5.50 5.91 5.98 6.35 6.63 6.79 7.26 7.48
Growth −52.6% +3.9% +7.4% +1.3% +6.1% +4.4% +2.5% +6.8% +3.0%
Operating income 1.39 1.03 0.78 1.20 1.93 1.24 1.83 2.33 2.11 2.13
Net income 3.10 1.40 3.93 1.56 1.12 5.69 1.34 2.70 2.21 1.50
Growth −55.0% +181.9% −60.2% −28.3% +407.0% −76.5% +101.4% −18.0% −32.0%
EPS, diluted 4.13 1.94 5.88 3.11 2.25 11.50 2.75 5.80 4.89 3.33
Growth −53.0% +203.1% −47.1% −27.7% +411.1% −76.1% +110.9% −15.7% −31.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin12.4%Net margin27.7%Fiscal year 2017Operating margin19.5%Net margin26.3%Free cash flow margin28.5%Fiscal year 2018Operating margin14.2%Net margin71.5%Free cash flow margin27.0%Fiscal year 2019Operating margin20.3%Net margin26.5%Free cash flow margin3.3%Fiscal year 2020Operating margin32.2%Net margin18.8%Free cash flow margin20.7%Fiscal year 2021Operating margin19.6%Net margin89.6%Free cash flow margin20.3%Fiscal year 2022Operating margin27.7%Net margin20.2%Free cash flow margin19.9%Fiscal year 2023Operating margin34.3%Net margin39.7%Free cash flow margin26.4%Fiscal year 2024Operating margin29.1%Net margin30.4%Free cash flow margin25.5%Fiscal year 2025Operating margin28.5%Net margin20.1%Free cash flow margin27.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 12.4% 19.5% 14.2% 20.3% 32.2% 19.6% 27.7% 34.3% 29.1% 28.5%
Net margin 27.7% 26.3% 71.5% 26.5% 18.8% 89.6% 20.2% 39.7% 30.4% 20.1%
Free cash flow margin n/a 28.5% 27.0% 3.3% 20.7% 20.3% 19.9% 26.4% 25.5% 27.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.98Buybacks−1.67Fiscal year 2017Operating cash flow2.03Capital expenditure−0.52Free cash flow1.51Buybacks−1.00Fiscal year 2018Operating cash flow2.06Capital expenditure−0.58Free cash flow1.49 −1.6%Buybacks−1.17Fiscal year 2019Operating cash flow0.70Capital expenditure−0.51Free cash flow0.20 −86.7%Buybacks−0.49Fiscal year 2020Operating cash flow1.75Capital expenditure−0.50Free cash flow1.24 +529.9%Buybacks−0.20Fiscal year 2021Operating cash flow1.77Capital expenditure−0.49Free cash flow1.29 +3.6%Buybacks−1.40Fiscal year 2022Operating cash flow1.92Capital expenditure−0.60Free cash flow1.32 +2.6%Buybacks−1.28Fiscal year 2023Operating cash flow2.34Capital expenditure−0.54Free cash flow1.80 +36.1%Buybacks−1.08Fiscal year 2024Operating cash flow2.46Capital expenditure−0.61Free cash flow1.85 +2.9%Buybacks−0.64Fiscal year 2025Operating cash flow2.65Capital expenditure−0.63Free cash flow2.02 +9.0%Buybacks−1.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.98 2.03 2.06 0.70 1.75 1.77 1.92 2.34 2.46 2.65
Capital expenditure n/a −0.52 −0.58 −0.51 −0.50 −0.49 −0.60 −0.54 −0.61 −0.63
Free cash flow n/a 1.51 1.49 0.20 1.24 1.29 1.32 1.80 1.85 2.02
Growth −1.6% −86.7% +529.9% +3.6% +2.6% +36.1% +2.9% +9.0%
Buybacks −1.67 −1.00 −1.17 −0.49 −0.20 −1.40 −1.28 −1.08 −0.64 −1.00

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.37Total debt6.28Net cash (debt)−3.91Shareholders’ equity12.77Debt to equity0.49Fiscal year 2017Cash0.87Total debt5.38Net cash (debt)−4.51Shareholders’ equity13.08Debt to equity0.41Fiscal year 2018Cash2.71Total debt3.21Net cash (debt)−0.51Shareholders’ equity9.23Debt to equity0.35Fiscal year 2019Cash0.83Total debt2.68Net cash (debt)−1.85Shareholders’ equity9.56Debt to equity0.28Fiscal year 2020Cash1.79Total debt3.77Net cash (debt)−1.99Shareholders’ equity9.98Debt to equity0.38Fiscal year 2021Cash0.78Total debt3.79Net cash (debt)−3.01Shareholders’ equity13.83Debt to equity0.27Fiscal year 2022Cash1.07Total debt3.11Net cash (debt)−2.05Shareholders’ equity11.89Debt to equity0.26Fiscal year 2023Cash1.30Total debt2.91Net cash (debt)−1.61Shareholders’ equity11.06Debt to equity0.26Fiscal year 2024Cash1.97Total debt1.85Net cash (debt)0.12Shareholders’ equity12.01Debt to equity0.15Fiscal year 2025Cash0.51Total debt1.33Net cash (debt)−0.82Shareholders’ equity11.91Debt to equity0.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.37 0.87 2.71 0.83 1.79 0.78 1.07 1.30 1.97 0.51
Total debt 6.28 5.38 3.21 2.68 3.77 3.79 3.11 2.91 1.85 1.33
Net cash (debt) −3.91 −4.51 −0.51 −1.85 −1.99 −3.01 −2.05 −1.61 0.12 −0.82
Shareholders’ equity 12.77 13.08 9.23 9.56 9.98 13.83 11.89 11.06 12.01 11.91
Debt to equity 0.49 0.41 0.35 0.28 0.38 0.27 0.26 0.26 0.15 0.11

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
2.37 0.87 2.71 0.83 1.79 0.78 1.07 1.30 1.97 0.51
0.03 0.03 0.03 0.02 0.03 0.03 0.03 0.02 0.02 0.02
0.96 0.92 0.47 0.62 0.55 0.50 0.41 0.45 0.39 0.36
14.49 15.04 5.08 5.85 5.98 5.94 5.87 6.72 7.26 7.91
27.85 26.48 17.02 17.30 17.88 22.15 21.71 18.68 18.44 17.94
Growth −4.9% −35.7% +1.6% +3.4% +23.9% −2.0% −13.9% −1.3% −2.7%
Liabilities
6.28 5.38 3.21 2.68 3.77 3.79 3.11 2.91 1.85 1.33
calc 6.28 5.38 3.21 2.68 3.77 3.79 3.11 2.91 1.85 1.33
14.60 12.91 7.81 7.74 7.90 8.32 9.83 7.62 6.43 6.03
Equity
7.48 7.20 4.74 4.97 5.21 9.15 7.64 8.68 9.70 9.22
12.77 13.08 9.23 9.56 9.98 13.83 11.89 11.06 12.01 11.91
Growth +2.4% −29.4% +3.6% +4.4% +38.6% −14.1% −6.9% +8.5% −0.8%
Per share and net cash
calc −3.91 −4.51 −0.51 −1.85 −1.99 −3.01 −2.05 −1.61 0.12 −0.82
n/a 709.3 501.5 497.5 497.1 486.1 n/a n/a n/a n/a
calc n/a 18.44 18.40 19.22 20.08 28.46 n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how.