Thomson Reuters (TRI) Financials

$87.71 -2.29 (-2.54%)

As of 03:52 PM Eastern

Annual Income Statements for Thomson Reuters

This table shows Thomson Reuters' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	3,200	1,523	4,113	1,564	1,122	5,689	1,338	3,112	2,084	1,925
Consolidated Net Income / (Loss)	3,149	1,459	4,023	1,564	1,122	5,689	1,338	2,695	2,207	1,502
Net Income / (Loss) Continuing Operations	2,093	637	164	1,570	1,149	5,687	1,391	3,063	2,069	1,906
Total Pre-Tax Income	2,074	507	533	971	1,764	1,054	2,082	3,063	2,069	1,906
Total Operating Income	2,427	1,034	780	1,199	1,929	1,242	1,834	2,332	2,109	2,132
Total Gross Profit	3,971	1,591	1,370	1,493	1,985	1,978	2,347	2,660	2,787	2,898
Total Revenue	12,203	5,297	5,501	5,906	5,984	6,348	6,627	6,794	7,258	7,476
Operating Revenue	12,203	5,297	5,501	5,906	5,984	6,348	6,627	6,794	7,258	7,476
Total Cost of Revenue	8,232	3,706	4,131	4,413	3,999	4,370	4,280	4,134	4,471	4,578
Operating Cost of Revenue	8,232	3,706	4,131	4,413	3,999	4,370	4,280	4,134	4,471	4,578
Total Operating Expenses	1,544	557	590	294	56	736	513	328	678	766
Depreciation Expense	313	113	110	154	184	177	140	116	113	111
Amortization Expense	1,239	492	509	563	608	593	584	609	709	819
Other Operating Expenses / (Income)	-8.00	-48	-29	-423	-736	-34	-211	-397	-144	-164
Total Other Income / (Expense), net	-353	-527	-247	-228	-165	-188	248	731	-40	-226
Interest Expense	403	357	260	163	195	196	196	152	125	143
Interest & Investment Income	-	-	-	-	-	-	-	883	85	-83
Net Income / (Loss) Discontinued Operations	-	822	3,859	-6.00	-27	2.00	-53	49	15	19
Weighted Average Basic Shares Outstanding	-	709.30M	501.49M	3.13	2.31	11.52	2.87	458.96M	456.01M	450.96M
Weighted Average Diluted Shares Outstanding	-	709.30M	501.49M	3.12	2.30	11.50	2.86	458.96M	456.01M	450.96M
Weighted Average Basic & Diluted Shares Outstanding	-	709.30M	501.49M	497.46M	497.12M	486.09M	482.06M	458.96M	456.01M	450.96M

No quarterly income statements for Thomson Reuters are available.

This table details how cash moves in and out of Thomson Reuters' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	1,458	-1,508	1,855	-1,883	963	-1,009	291	2,739	670	-1,587
Net Cash From Operating Activities	2,984	2,029	2,062	702	1,745	1,773	1,915	2,341	2,457	2,651
Net Cash From Continuing Operating Activities	2,900	630	892	866	1,762	1,841	1,982	2,327	2,469	2,651
Net Income / (Loss) Continuing Operations	1,056	637	164	1,570	1,149	5,687	1,391	2,646	2,192	1,483
Consolidated Net Income / (Loss)	1,056	637	164	1,570	1,149	5,687	1,391	2,646	2,192	1,483
Depreciation Expense	313	113	110	154	184	177	140	116	113	111
Amortization Expense	1,239	492	509	563	608	593	584	-	618	721
Non-Cash Adjustments To Reconcile Net Income	-3.00	-536	-84	-411	-369	-5,448	-141	121	-721	-122
Changes in Operating Assets and Liabilities, net	295	-76	193	-1,010	-354	-	-	-90	-	332
Net Cash From Discontinued Operating Activities	84	1,399	1,170	-164	-17	-68	-67	14	-12	0.00
Net Cash From Investing Activities	2,186	-1,047	14,729	-1,384	-138	-504	-462	3,513	680	-1,284
Net Cash From Continuing Investing Activities	-972	-453	-1,003	-1,413	-138	-252	-446	3,514	0.00	0.00
Purchase of Property, Plant & Equipment	-905	-519	-576	-505	-504	-487	-595	-544	-607	-634
Acquisitions	-112	-2.00	-478	-998	-167	-18	-191	-1,216	-622	-843
Divestitures	5.00	50	6.00	74	367	-822	209	-287	9.00	192
Sale and/or Maturity of Investments	-	-	-	-	-	994	43	5,424	1,854	0.00
Other Investing Activities, net	40	18	18	9.00	4.00	81	88	137	46	1.00
Net Cash From Discontinued Investing Activities	3,158	-594	15,732	29	0.00	-252	-16	-1.00	0.00	0.00
Net Cash From Financing Activities	-3,712	-2,490	-14,936	-1,201	-644	-2,273	-1,156	-5,626	-2,459	-2,828
Net Cash From Continuing Financing Activities	-3,712	-2,490	-14,876	-1,201	-644	-2,273	-1,156	-3,581	-2,459	-2,828
Repayment of Debt	-1,541	-2,112	-5,380	-51	-1,722	-109	977	-1,614	-492	-773
Repurchase of Common Equity	-1,673	-1,000	-9,962	-488	-200	-1,400	-1,282	-1,079	-639	-1,000
Payment of Dividends	-982	-958	-903	-701	-732	-775	-837	-892	-949	-1,039
Other Financing Activities, net	-14	-61	-1.00	39	-9.00	11	-14	4.00	-379	-16
Cash Interest Paid	347	374	296	189	164	165	168	201	149	138
Cash Interest Received	-	8.00	40	44	8.00	3.00	8.00	81	74	46
Cash Income Taxes Paid	347	191	308	314	164	1,066	216	869	551	337

No quarterly cash flow statements for Thomson Reuters are available.

This table presents Thomson Reuters' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	27,852	26,480	17,018	17,295	17,881	22,149	21,711	18,684	18,437	17,940
Total Current Assets	4,634	2,977	4,521	3,071	3,975	2,453	2,811	2,921	3,490	2,228
Cash & Equivalents	2,368	874	2,706	825	1,787	778	1,069	1,298	1,968	511
Accounts Receivable	1,392	1,457	1,313	1,167	1,151	1,057	1,069	1,122	1,087	1,143
Prepaid Expenses	686	548	426	546	425	510	469	435	400	480
Other Current Assets	188	98	76	533	612	108	204	66	35	94
Plant, Property, & Equipment, net	961	921	473	615	545	502	414	447	386	361
Plant, Property & Equipment, gross	961	921	473	615	545	502	414	447	386	361
Total Noncurrent Assets	22,257	22,582	12,024	13,609	13,361	19,194	18,486	15,316	14,561	15,351
Long-Term Investments	-	167	2,186	1,551	1,136	6,736	6,199	2,030	269	202
Goodwill	14,485	15,042	5,076	5,853	5,976	5,940	5,869	6,719	7,262	7,913
Intangible Assets	7,049	6,773	4,232	4,418	4,257	4,153	4,154	4,401	4,587	4,747
Noncurrent Deferred & Refundable Income Taxes	51	79	31	1,176	1,204	1,139	1,118	1,104	1,376	1,343
Other Noncurrent Operating Assets	672	521	499	611	788	1,226	1,146	1,062	1,067	1,146
Total Liabilities & Shareholders' Equity	27,852	26,480	17,018	17,295	17,881	22,149	21,711	18,684	18,437	17,940
Total Liabilities	14,596	12,905	7,808	7,735	7,901	8,315	9,826	7,620	6,431	6,026
Total Current Liabilities	4,562	4,796	2,691	3,219	2,652	2,581	4,891	3,233	3,436	3,468
Accounts Payable	2,448	2,086	1,778	1,373	1,159	1,363	1,222	1,114	1,091	1,090
Other Current Liabilities	1,003	1,066	910	1,267	376	175	812	507	113	108
Total Noncurrent Liabilities	10,034	8,109	5,117	4,516	5,249	5,734	4,935	4,387	2,995	2,558
Noncurrent Deferred & Payable Income Tax Liabilities	1,158	708	780	576	394	1,005	897	553	241	364
Other Noncurrent Operating Liabilities	8,876	7,401	4,337	3,940	4,855	4,729	4,038	3,834	2,754	2,194
Total Equity & Noncontrolling Interests	13,256	13,575	9,210	9,560	9,980	13,834	11,885	11,064	12,006	11,914
Total Preferred & Common Equity	12,773	13,077	9,210	9,560	9,980	13,834	11,885	11,064	12,006	11,914
Total Common Equity	12,773	13,077	9,210	9,560	9,980	13,834	11,885	11,064	12,006	11,914
Retained Earnings	17,066	16,750	10,087	10,342	10,669	14,645	13,040	12,085	13,197	12,817
Accumulated Other Comprehensive Income / (Loss)	-4,293	-3,673	-877	-782	-689	-811	-1,155	-1,021	-1,191	-903

This table presents Thomson Reuters' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q4 2023	Q4 2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	21,711	18,684	18,437
Total Current Assets	2,811	2,921	3,490
Cash & Equivalents	1,069	1,298	1,968
Accounts Receivable	1,069	1,122	1,087
Prepaid Expenses	469	435	400
Other Current Assets	204	66	35
Plant, Property, & Equipment, net	414	447	386
Plant, Property & Equipment, gross	414	447	386
Total Noncurrent Assets	18,486	15,316	14,561
Long-Term Investments	6,199	2,030	269
Goodwill	5,869	6,719	7,262
Intangible Assets	4,154	4,401	4,587
Noncurrent Deferred & Refundable Income Taxes	1,118	1,104	1,376
Other Noncurrent Operating Assets	1,146	1,062	1,067
Total Liabilities & Shareholders' Equity	21,711	18,684	18,437
Total Liabilities	9,826	7,620	6,431
Total Current Liabilities	4,891	3,233	3,436
Accounts Payable	1,222	1,114	1,091
Other Current Liabilities	812	507	113
Total Noncurrent Liabilities	4,935	4,387	2,995
Noncurrent Deferred & Payable Income Tax Liabilities	897	553	241
Other Noncurrent Operating Liabilities	4,038	3,834	2,754
Total Equity & Noncontrolling Interests	11,885	11,064	12,006
Total Preferred & Common Equity	11,885	11,064	12,006
Total Common Equity	11,885	11,064	12,006
Retained Earnings	13,040	12,085	13,197
Accumulated Other Comprehensive Income / (Loss)	-1,155	-1,021	-1,191

This table displays calculated financial ratios and metrics derived from Thomson Reuters' official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	450,962,491.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	450,962,491.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	4.27
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	2,445	1,307	581	2,678	1,851	-652	1,606	2,332	2,109	2,132
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	21.08%	17.57%	17.89%
Earnings before Interest and Taxes (EBIT)	2,477	864	793	1,134	1,959	1,250	2,278	2,332	2,109	2,132
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,029	1,469	1,412	1,851	2,751	2,020	3,002	2,448	2,222	2,964
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-872	10,438	-764	1,440	159	1,495	458	-544	662
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,999	14,178	4,321	7,763	8,174	7,363	7,474	9,348	12,001	13,471
Increase / (Decrease) in Invested Capital	0.00	2,179	-9,857	3,442	411	-811	111	1,874	2,653	1,470
Book Value per Share	$0.00	$18.44	$12.98	$19.06	$20.06	$27.83	$24.45	$22.95	$26.16	$26.13
Tangible Book Value per Share	$0.00	($12.32)	($0.14)	($1.42)	($0.51)	$7.53	$3.83	($0.12)	$0.34	($1.64)
Total Capital	14,367	15,219	9,213	10,139	9,980	13,834	11,885	11,064	12,006	11,914
Total Debt	1,111	1,644	3.00	579	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,257	603	-4,889	-1,797	-2,923	-7,514	-7,268	-3,328	-2,237	-713
Capital Expenditures (CapEx)	905	519	549	498	342	487	595	544	607	634
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,185	-1,049	-873	-394	-464	-906	-3,149	-1,610	-1,914	-1,751
Debt-free Net Working Capital (DFNWC)	1,183	-175	1,833	431	1,323	-128	-2,080	-312	54	-1,240
Net Working Capital (NWC)	72	-1,819	1,830	-148	1,323	-128	-2,080	-312	54	-1,240
Net Nonoperating Expense (NNE)	-704	-152	-3,442	1,114	729	-6,341	268	-363	-98	630
Net Nonoperating Obligations (NNO)	-1,257	603	-4,889	-1,797	-1,806	-6,471	-4,411	-1,716	-5.00	1,557
Total Depreciation and Amortization (D&A)	1,552	605	619	717	792	770	724	116	113	832
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$3.24	$2.33	$11.96	$2.86	$5.81	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	620.79M	483.42M	479.53M	2.00	11.00	3.00	6.00	456.01M	450.96M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.23	$2.33	$11.93	$2.85	$5.80	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	620.79M	483.42M	479.53M	2.00	11.00	3.00	6.00	456.01M	450.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	620.79M	483.42M	479.53M	479.20M	468.57M	464.68M	458.96M	456.01M	450.96M
Normalized Net Operating Profit after Tax (NOPAT)	1,699	724	581	839	1,851	869	1,606	1,632	1,476	1,492
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-

No quarterly metrics and ratios for Thomson Reuters are available.

Financials Breakdown Chart

Key Financial Trends

Thomson Reuters (TRI) shows a healthier near-term liquidity profile in FY2024, with a modestly stronger equity base and a leaner liability stack, even as the balance sheet reworks its asset mix. Compared with FY2023 (restated) and FY2022, notable changes include a jump in cash, higher current assets, a lower overall liability load, and a large shift away from long-term investments.

Cash & equivalents rose to $1.97B in FY2024, up from $1.30B in FY2023 and $1.07B in FY2022.
Total current assets increased to $3.49B in FY2024, versus $2.92B in FY2023 and $2.81B in FY2022.
Total current liabilities declined from $4.89B in 2022 to $3.44B in 2024, easing near-term obligations.
Total liabilities declined to $6.43B in FY2024 from $9.83B in 2022, lowering overall leverage.
Total equity rose to $12.01B in FY2024 from $11.09B in FY2023, strengthening the company's capital base.
Retained earnings increased to $13.20B in FY2024, up from $12.04B in FY2023.
Current ratio sits around 1.02x in FY2024 (3.49B in current assets vs. 3.44B in current liabilities), indicating improved short-term liquidity.

Long-term investments collapsed to about $0.27B in FY2024 from $6.20B in FY2022, signaling a major portfolio reallocation.

PPE net declined to $0.39B in FY2024 from $0.45B in FY2023, reflecting a reduced tangible asset base.

Total assets declined from $21.71B in FY2022 to $18.44B in FY2024, indicating an overall shrinkage in the balance sheet.
Total assets and the asset mix shifts may imply strategic changes in asset deployment and potential impairment considerations over time.

05/19/26 03:27 PM ETAI Generated. May Contain Errors.

Thomson Reuters Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Thomson Reuters' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Thomson Reuters' net income appears to be on a downward trend, with a most recent value of $1.50 billion in 2025, falling from $3.15 billion in 2016. The previous period was $2.21 billion in 2024. See where experts think Thomson Reuters is headed by visiting Thomson Reuters' forecast page.

Thomson Reuters' total operating income in 2025 was $2.13 billion, based on the following breakdown:

Total Gross Profit: $2.90 billion
Total Operating Expenses: $766 million

Over the last 9 years, Thomson Reuters' total revenue changed from $12.20 billion in 2016 to $7.48 billion in 2025, a change of -38.7%.

Thomson Reuters' total liabilities were at $6.03 billion at the end of 2025, a 6.3% decrease from 2024, and a 58.7% decrease since 2016.

In the past 9 years, Thomson Reuters' cash and equivalents has ranged from $511 million in 2025 to $2.71 billion in 2018, and is currently $511 million as of their latest financial filing in 2025.

Over the last 9 years, Thomson Reuters' book value per share changed from 0.00 in 2016 to 26.13 in 2025, a change of 2,612.7%.

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Financial statements for NASDAQ:TRI last updated on 3/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Thomson Reuters (TRI) Financials

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Thomson Reuters (TRI) Financials

Annual Income Statements for Thomson Reuters

Quarterly Income Statements for Thomson Reuters

Annual Cash Flow Statements for Thomson Reuters

Quarterly Cash Flow Statements for Thomson Reuters

Annual Balance Sheets for Thomson Reuters

Quarterly Balance Sheets for Thomson Reuters

Annual Metrics And Ratios for Thomson Reuters

Quarterly Metrics And Ratios for Thomson Reuters

Financials Breakdown Chart

Key Financial Trends

Thomson Reuters Financials - Frequently Asked Questions

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How has Thomson Reuters' revenue changed over the last 9 years?

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