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Thomson Reuters Corp (TRI): Financial Statements and Key Figures
Thomson Reuters Corp (ticker TRI) is classified by the SEC under industry code 2741, Miscellaneous Publishing, and is listed on Nasdaq. It files its annual report with the U.S. Securities and Exchange Commission (SEC) on Form 40-F and reports in US dollars. Its fiscal 2025 ended on 31 December 2025; the annual report for that year was filed on 5 March 2026. For that year it reported revenue of US$ 7,476 million, net income of US$ 1,502 million and total assets of US$ 17,940 million at the year end. Fiscal years 2016 to 2025 are shown below.
The figures are as the company filed them, standardised by reporting tag; the filing is the authority. For education and analysis, not investment advice.
Key Figures
Money in US$ millions; earnings per share in US dollars. Free cash flow is the cash from operating activities less capital expenditures. Total debt is short-term plus long-term debt, or the total the company itself tags when that is larger. A margin is the profit line divided by revenue; return on equity is net income divided by the average of shareholders' equity at the start and the end of the year. A blank cell means the company does not report the line under a standard tag; it does not mean zero.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| year ended on | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec | 31 Dec |
| Revenue (US$ millions) | 11,166 | 5,297 | 5,501 | 5,906 | 5,984 | 6,348 | 6,627 | 6,794 | 7,258 | 7,476 |
| Net income (US$ millions) | 3,098 | 1,395 | 3,933 | 1,564 | 1,122 | 5,689 | 1,338 | 2,695 | 2,210 | 1,502 |
| Earnings per share, diluted (US$) | 4.13 | 1.94 | 5.88 | 3.11 | 2.25 | 11.50 | 2.75 | 5.80 | 4.89 | 3.33 |
| Cash from operating activities (US$ millions) | 2,984 | 2,029 | 2,062 | 702 | 1,745 | 1,773 | 1,915 | 2,341 | 2,457 | 2,651 |
| Free cash flow (US$ millions) | 1,510 | 1,486 | 197 | 1,241 | 1,286 | 1,320 | 1,797 | 1,850 | 2,017 | |
| Total assets (US$ millions) | 27,852 | 26,480 | 17,047 | 17,295 | 17,881 | 22,149 | 21,711 | 18,684 | 18,437 | 17,940 |
| Total debt (US$ millions) | 7,389 | 7,026 | 3,216 | 3,255 | 3,772 | 3,786 | 4,761 | 3,277 | 2,820 | 2,123 |
| Shareholders' equity (US$ millions) | 12,773 | 13,077 | 9,226 | 9,560 | 9,980 | 13,834 | 11,885 | 11,064 | 12,006 | 11,914 |
| Gross margin | ||||||||||
| 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 % |
| Return on equity | 24.3 % | 10.8 % | 35.3 % | 16.7 % | 11.5 % | 47.8 % | 10.4 % | 23.5 % | 19.2 % | 12.6 % |
Last twelve months: not shown. No quarterly reports in XBRL (the company files annual, half-year or current reports only): no last-twelve-month figures, none estimated.
Charts
Figure 1: Revenue and net income by fiscal year (US$ millions)
Figure 2: Cash from operating activities and free cash flow by fiscal year (US$ millions)
Compound Growth
The compound annual growth rate is the single yearly rate that, applied every year, takes the first value to the last one: the last value divided by the first, raised to the power of one over the number of years, less one. It uses only the two end values, so an unusual first or last year moves it a great deal.
- Revenue: 11,166 in fiscal 2016 to 7,476 in fiscal 2025 (US$ millions), 9 years: −4.4 % a year.
- Diluted earnings per share: 4.13 in fiscal 2016 to 3.33 in fiscal 2025 (US dollars per share), 9 years: −2.4 % a year.
Analyse This Company
Each link opens a calculator with Thomson Reuters Corp loaded from the same data.
- Company Financial Statements: The full income statement, balance sheet and cash flow statement of each fiscal year, with common-size and growth views.
- Capital Allocation History: Where the cash from operations went each year: capital expenditures, dividends, share repurchases, debt.
- Dividend Sustainability: How the dividends paid compare with earnings and with free cash flow, year by year.
- Earnings Quality Trend: How much of reported earnings arrived as cash, and how accruals moved over the years.
- Reverse DCF: The growth in free cash flow that a share price you type would assume.
- Financial Quality Scores: The Piotroski F-score and the DuPont breakdown of return on equity, worked step by step.
- Valuation Range: What a share price you type corresponds to as multiples of earnings, cash flow and book value, against the company's own history.
Several companies at once: Peer Comparison and Fundamental Screener.
Source
The annual report first filed for each fiscal year, with a link to its index page on EDGAR, the SEC's filing system. A later annual report repeats earlier years for comparison and sometimes restates them; where a value was taken from a later report, the last column gives the date of the latest one used.
| Fiscal year | Year ended | Form | Filed | On EDGAR | Later report used, filed |
|---|---|---|---|---|---|
| 2025 | 31 Dec 2025 | Form 40-F | 5 Mar 2026 | filing index | |
| 2024 | 31 Dec 2024 | Form 40-F | 6 Mar 2025 | filing index | 5 Mar 2026 |
| 2023 | 31 Dec 2023 | Form 40-F | 7 Mar 2024 | filing index | 6 Mar 2025 |
| 2022 | 31 Dec 2022 | Form 40-F | 8 Mar 2023 | filing index | 7 Mar 2024 |
| 2021 | 31 Dec 2021 | Form 40-F | 10 Mar 2022 | filing index | 8 Mar 2023 |
| 2020 | 31 Dec 2020 | Form 40-F | 10 Mar 2021 | filing index | 10 Mar 2022 |
| 2019 | 31 Dec 2019 | Form 40-F | 10 Mar 2020 | filing index | 10 Mar 2021 |
| 2018 | 31 Dec 2018 | Form 40-F | 13 Mar 2019 | filing index | 10 Mar 2020 |
| 2017 | 31 Dec 2017 | Form 40-F | 16 Mar 2018 | filing index | 13 Mar 2019 |
| 2016 | 31 Dec 2016 | Form 40-F | 16 Mar 2018 | filing index |
- The figures are as filed with the SEC and standardised by reporting tag. The filing is the authority: check it before relying on a number.
- A blank cell means the company does not tag that line, or the tagged figure is withheld as incomplete. It does not mean zero.
- Currency: every figure is in the currency the company reported that year (US dollars here). Nothing is converted.
- Per-share figures are adjusted for stock splits detected from the company's own restated figures, except where a year is flagged; the as-filed values are in the filings.
- For a bank, broker, insurer or other financial company (SIC codes 6000 to 6799) net debt, EBITDA, the current ratio and debt to equity are not meaningful and the tools show them as n/m.
- A fiscal year is named after the calendar year in which it ends. The data is updated from time to time, not daily; this company's figures were loaded on 13 November 2026.
For education and analysis, not investment advice.