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Thomson Reuters (TRI) Financials

Thomson Reuters logo
$82.32 -0.86 (-1.03%)
Closing price 04:00 PM Eastern
Extended Trading
$83.25 +0.93 (+1.13%)
As of 05:23 PM Eastern
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Annual Income Statements for Thomson Reuters

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

Quarterly Income Statements for Thomson Reuters

No quarterly income statements for Thomson Reuters are available.

Annual Cash Flow Statements for Thomson Reuters

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

Quarterly Cash Flow Statements for Thomson Reuters

No quarterly cash flow statements for Thomson Reuters are available.

Annual Balance Sheets for Thomson Reuters

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

Quarterly Balance Sheets for Thomson Reuters

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

Annual Metrics And Ratios for Thomson Reuters

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		 - - - - - - - - - -

Quarterly Metrics And Ratios for Thomson Reuters

No quarterly metrics and ratios for Thomson Reuters are available.


Financials Breakdown Chart

Key Financial Trends

Thomson Reuters (NASDAQ: TRI) ended 2024 with a stronger balance sheet profile than it had in 2022 and 2023, driven mainly by higher cash, lower total liabilities, and continued growth in equity. That said, the company still carries a large amount of goodwill and intangible assets, so investors should keep an eye on the quality of the asset base.

  • Cash and equivalents rose to $1.97 billion in 2024, up from $1.30 billion in 2023 and $1.07 billion in 2022, giving the company more liquidity.
  • Total liabilities declined to $6.43 billion in 2024 from $7.62 billion in 2023 and $9.83 billion in 2022, showing meaningful deleveraging.
  • Total common equity increased to $12.01 billion from $11.06 billion in 2023 and $11.89 billion in 2022, which supports a healthier capital structure.
  • Retained earnings climbed to $13.20 billion, indicating the business continues to accumulate profits over time.
  • Total current assets improved to $3.49 billion from $2.92 billion a year ago, helped by stronger cash and somewhat steady receivables.
  • Current liabilities were fairly stable at $3.44 billion, roughly in line with 2023, while the company held more cash against them.
  • Accounts receivable remained near $1.09 billion, down slightly from 2023, suggesting no major change in short-term customer collections.
  • Total assets slipped slightly to $18.44 billion from $18.68 billion in 2023, but the decline was modest relative to the improvement in liabilities.
  • Goodwill and intangible assets remain large at $7.26 billion and $4.59 billion, respectively, which is common for an acquisition-heavy company but still worth watching.
  • Other noncurrent operating liabilities stayed elevated at $2.75 billion, which remains a meaningful long-term obligation on the balance sheet.

Overall, Thomson Reuters’ 2024 balance sheet looks more conservative and liquid than in prior years. The standout positives are the increase in cash and the decline in liabilities, while the main caution is the continued reliance on goodwill and intangible assets. For retail investors, that combination generally points to a company with solid financial flexibility, but one that still has some balance-sheet complexity behind the scenes.

06/09/26 03:43 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. Find out what analysts predict for Thomson Reuters in the coming months.

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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