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Thomson Reuters Corp (TRI) stock

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NASDAQ: TRI Nasdaq Diversified Support Services Next results ~November 3, 2026

B+ Fundamentals grade

Thomson Reuters Corp is a US-listed company in the diversified support services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$81

Cash-flow model

Base case. Range ~$60–$110 across our lower- and higher-growth cases (-1.4%–8.6% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 34% below it.

Price used: $122.24, November 2, 2026

Thomson Reuters Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds395 adding, 4 cuttingOf 29 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Thomson Reuters files

Where Thomson Reuters stands after its latest Filing

Revenue for the twelve months was $7.48bn, up 3.0% on a year earlier, slower than the 6.8% growth a quarter earlier. Free-cash-flow margin rose to 27.0% from 20.3% a year earlier. Operating margin widened to 28.5% from 19.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $81.17 a share, against a share price of $118. At that price, our model says the market is pricing in about 9.9% a year of cash-flow growth for five years, faster than the 4.6% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Thomson Reuters Corp's trailing-twelve-month revenue grew 3.0% year on year, with a free-cash-flow margin of 27.0%. Where it stands out: net margin of 20.1% ranks 2 of 32 diversified support services companies we cover.

Our discounted-cash-flow model values the business at ~$81 per share in the base case (~$60–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 9.0% while net income fell 32.0%: a 41pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 28.5% of revenue is left as operating profit, against a median of 4.5% for diversified support services companies we cover.
  • Strong cash generation. 27.0% of revenue turned into free cash flow, against a median of 4.1% for diversified support services companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $122.24 is 34% above our value per share of $81.
  • Growth easing. The growth rate is 3.8 points lower than a quarter earlier.
  • Below peers: revenue growth. Revenue growth of 3.0% ranks 25 of 32 diversified support services companies we cover (median 6.5%).

Latest results

Earnings per share
$0.99 against an average estimate of $0.96: beat by 3.3%
Next report
November 3, 2026; average EPS estimate $0.85

Thomson Reuters' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.4%
  • 1 week+0.1%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$7.5B
Operating margin
28.5%
Net margin
20.1%
EPS (TTM, diluted)
$3.34

Growth

Revenue growth
+3.0%
Change in growth rate
−3.8 pts
Share count change
−0.4%

Cash

Free cash flow (TTM)
$2B
FCF margin
27.0%

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Thomson Reuters Corp valuation models and calculator

What the price is pricing in

The share price implies about 8.7% a year of cash-flow growth for five years.That is close to the 4.6% a year revenue growth Thomson Reuters has delivered.

  • Priced in8.7%
  • Last 12 months3.0%
  • 3 years a year4.1%
  • 5 years a year4.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($109.82, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$81
Price used
$109.82close November 3, 2026
Implied change
▼ 26%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Thomson Reuters Corp's free cash flow after stock-based pay with after-tax interest added back ($2.1B, FY2025 Q4 TTM), growing 3.6% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$60–~$110 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Thomson Reuters Corp's free cash flow after stock-based pay ( $2.1B, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Thomson Reuters Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$81 ~$60–$110 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$61 ~$59–$100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$140 ~$96–$210 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$94 ~$79–$110 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$92 ~$61–$140 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Thomson Reuters Corp with Diversified Support Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +6%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $64$88$120$162$217$288
8.5% $48$65$89$119$158$208
10% $38$52$70$93$123$161

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $1.8bn and EPS of $0.85 (range $0.77 to $1.01) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.16 +5% $7.8bn +4%
Next $4.92 +18% $8.4bn +8%

Next year's EPS estimate has moved −2.3% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −5.7% on 90 days ago. In the last 30 days, 2 analysts raised Thomson Reuters Corp's forecast and 1 cut it.

Consensus EPS forecast Thomson Reuters Corp, last 90 days
$4.00 $4.50 $5.00 $5.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.41 Current fiscal year, 60 days ago: $4.44 Current fiscal year, 30 days ago: $4.43 Current fiscal year, 7 days ago: $4.17 Current fiscal year, Now: $4.16 $4.16 Next fiscal year, 90 days ago: $5.04 Next fiscal year, 60 days ago: $5.08 Next fiscal year, 30 days ago: $5.08 Next fiscal year, 7 days ago: $4.97 Next fiscal year, Now: $4.92 $4.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.41$5.04
60 days ago $4.44$5.08
30 days ago $4.43$5.08
7 days ago $4.17$4.97
Now $4.16$4.92

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.96 $0.99 +3.3%
Mar 2026 $1.21 $1.23 +1.3%
Dec 2025 $1.08 $1.09 +0.8%
Sept 2025 $0.84 $0.86 +2.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

19 analysts, Nov 2026
Buy1474%
Hold526%
Sell00%

Monthly trend

  1. Nov 202659519
  2. Oct 202649518
  3. Sep 202658518

Counts of recommendations published by analysts covering Thomson Reuters Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
9.11
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
28%
of shares
Held by insiders
70.7%
of shares
Employees
27,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Thomson Reuters Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Thomson Reuters Corp in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Thomson Reuters Corp
$4B $6B $8B $10B $12B FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $11.2B Revenue (TTM), FY17 Q4: $5.3B Revenue (TTM), FY18 Q4: $5.5B Revenue (TTM), FY19 Q4: $5.9B Revenue (TTM), FY20 Q4: $6B Revenue (TTM), FY21 Q4: $6.3B Revenue (TTM), FY22 Q4: $6.6B Revenue (TTM), FY23 Q4: $6.8B Revenue (TTM), FY24 Q4: $7.3B Revenue (TTM), FY25 Q4: $7.5B $7.5B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY16 Q4 $11.2B
FY17 Q4 $5.3B
FY18 Q4 $5.5B
FY19 Q4 $5.9B
FY20 Q4 $6B
FY21 Q4 $6.3B
FY22 Q4 $6.6B
FY23 Q4 $6.8B
FY24 Q4 $7.3B
FY25 Q4 $7.5B
Revenue growth, TTM YoY Thomson Reuters Corp
-60% -40% -20% 0% 20% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: -52.6% Revenue growth, TTM YoY, FY18 Q4: 3.9% Revenue growth, TTM YoY, FY19 Q4: 7.4% Revenue growth, TTM YoY, FY20 Q4: 1.3% Revenue growth, TTM YoY, FY21 Q4: 6.1% Revenue growth, TTM YoY, FY22 Q4: 4.4% Revenue growth, TTM YoY, FY23 Q4: 2.5% Revenue growth, TTM YoY, FY24 Q4: 6.8% Revenue growth, TTM YoY, FY25 Q4: 3.0% 3.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 -52.6%
FY18 Q4 3.9%
FY19 Q4 7.4%
FY20 Q4 1.3%
FY21 Q4 6.1%
FY22 Q4 4.4%
FY23 Q4 2.5%
FY24 Q4 6.8%
FY25 Q4 3.0%
Operating margin (TTM) Thomson Reuters Corp
10% 20% 30% 40% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: 12.4% Operating margin (TTM), FY17 Q4: 19.5% Operating margin (TTM), FY18 Q4: 14.2% Operating margin (TTM), FY19 Q4: 20.3% Operating margin (TTM), FY20 Q4: 32.2% Operating margin (TTM), FY21 Q4: 19.6% Operating margin (TTM), FY22 Q4: 27.7% Operating margin (TTM), FY23 Q4: 34.3% Operating margin (TTM), FY24 Q4: 29.1% Operating margin (TTM), FY25 Q4: 28.5% 28.5%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 12.4%
FY17 Q4 19.5%
FY18 Q4 14.2%
FY19 Q4 20.3%
FY20 Q4 32.2%
FY21 Q4 19.6%
FY22 Q4 27.7%
FY23 Q4 34.3%
FY24 Q4 29.1%
FY25 Q4 28.5%
FCF margin (TTM) Thomson Reuters Corp
0% 10% 20% 30% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY17 Q4: 28.5% FCF margin (TTM), FY18 Q4: 27.0% FCF margin (TTM), FY19 Q4: 3.3% FCF margin (TTM), FY20 Q4: 20.7% FCF margin (TTM), FY21 Q4: 20.3% FCF margin (TTM), FY22 Q4: 19.9% FCF margin (TTM), FY23 Q4: 26.4% FCF margin (TTM), FY24 Q4: 25.5% FCF margin (TTM), FY25 Q4: 27.0% 27.0%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY17 Q4 28.5%
FY18 Q4 27.0%
FY19 Q4 3.3%
FY20 Q4 20.7%
FY21 Q4 20.3%
FY22 Q4 19.9%
FY23 Q4 26.4%
FY24 Q4 25.5%
FY25 Q4 27.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Thomson Reuters took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $7.5B
  2. Other operating costs $5.3B · 71.5%
  3. Operating income $2.1B · 28.5%
  4. Income tax $423M · 5.7%
  5. Interest and other $207M · 2.8%
  6. Net income $1.5B · 20.1%

Shares of revenue. Source: Thomson Reuters's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 11.2 5.3 5.5 5.9 6.0 6.3 6.6 6.8 7.3 7.5
EBITDA 2.4 1.1 0.9 1.4 2.1 1.4 2.0 2.4 2.2 2.2
Operating income 1.4 1.0 0.8 1.2 1.9 1.2 1.8 2.3 2.1 2.1
Net income 3.1 1.4 3.9 1.6 1.1 5.7 1.3 2.7 2.2 1.5
Diluted EPS $4.29 $2.01 $6.11 $3.23 $2.34 $11.94 $2.75 $5.80 $4.89 $3.33
Growth (year on year)
Revenue — −52.6% +3.9% +7.4% +1.3% +6.1% +4.4% +2.5% +6.8% +3.0%
EBITDA — −52.5% −22.4% +52.0% +56.2% −32.8% +39.1% +24.0% −9.2% +0.9%
Operating income — −25.6% −24.6% +53.7% +60.9% −35.6% +47.7% +27.2% −9.6% +1.1%
Net income — −55.0% +181.9% −60.2% −28.3% +407.0% −76.5% +101.4% −18.0% −32.0%
Diluted EPS — −53.0% +203.1% −47.1% −27.7% +411.1% −77.0% +110.9% −15.7% −31.9%
Margins
EBITDA margin 21.6% 21.7% 16.2% 22.9% 35.3% 22.4% 29.8% 36.0% 30.6% 30.0%
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 — 28.5% 27.0% 3.3% 20.7% 20.3% 19.9% 26.4% 25.5% 27.0%
Cash flow
Cash from operations 3.0 2.0 2.1 0.7 1.7 1.8 1.9 2.3 2.5 2.7
Capital spending — 0.5 0.6 0.5 0.5 0.5 0.6 0.5 0.6 0.6
Free cash flow — 1.5 1.5 0.2 1.2 1.3 1.3 1.8 1.9 2.0
Balance sheet
Cash 2.4 0.9 2.7 0.8 1.8 0.8 1.1 1.3 2.0 0.5
Total debt 7.4 7.0 — 3.3 3.8 3.8 4.8 3.3 2.8 2.1
Net debt (negative = net cash) 5.0 6.2 −2.7 2.4 2.0 3.0 3.7 2.0 0.9 1.6
Diluted shares 721m 694m 643m 484m 480m 476m 485m 464m 451m 450m
Returned to shareholders
Buybacks 1.7 1.0 1.2 0.5 0.2 1.4 1.3 1.1 0.6 1.0
Total returned 1.7 1.0 1.2 0.5 0.2 1.4 1.3 1.1 0.6 1.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · December 31, 2025
What it owns · $17.9bn
Short-term assets $2.2bnLonger-term assets $15.7bn
What it owes, and who funded it · $17.9bn
Short-term liabilities $3.5bnLonger-term liabilities $2.6bnShareholders' equity $11.9bn
  • Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $3.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.2bn short-term assets against $2.6bn of longer-dated liabilities.
  • More cash than debt $511m of cash against $2.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 18% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 38% to 18% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.7bn of operating cash flow against $2.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $2.1bn against $127m of interest.

From Thomson Reuters Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$1B
Returned to shareholders
50%
of free cash flow
Buybacks, last 3 fiscal years
$2.7B
Diluted share count
−0.4%
year over year
Total shareholder yield
1.8%
dividends 0.0% + buybacks 1.8% of market value

Competitors: side by side with peers

Closest by revenue in diversified support services
Last 12 months unless stated TRI RTO BCO RBA CTAS CPRT Median
Revenue, last 12 months $7.5bn $6.9bn $5.5bn $4.8bn $11.6bn $4.7bn $906m
Revenue growth, last 12 months 3.0% 4.4% 8.1% 9.7% 9.5% 0.4% 6.3%
Revenue growth, 3-year average — — 5.0% 25.1% 8.7% 6.4% 6.4%
Revenue growth, latest quarter — — 7.1% 11.1% 10.9% 2.4% 7.2%
Gross margin — — 26.4% 45.6% 51.0% 45.7% 29.0%
Operating margin 28.5% 8.5% 10.5% 16.0% 23.4% 35.4% 4.9%
Operating margin, 3-year average 22.5% — 9.8% 16.6% 22.7% 36.3% 9.9%
Net margin 20.1% 6.8% 3.3% 10.0% 17.8% 31.8% 2.7%
Cash from operations / revenue 35.5% 14.1% 10.2% 17.8% 21.1% 34.4% 7.1%
Free-cash-flow margin 27.0% 11.1% 7.2% 12.6% 17.6% 27.2% 3.7%
Free-cash-flow margin, 3-year average 25.2% — 7.2% 15.5% 17.4% 25.4% 7.4%
Stock pay / revenue — — 0.5% 1.2% 1.1% 0.8% 1.4%
Change in share count −0.4% 0.3% −4.4% 0.6% −1.2% −2.1% 0.1%

Median of all 32 companies we cover in diversified support services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

32 diversified support services companies
Measure Company Peer median Rank
Revenue growth Growth 3.0% 6.5% 25 of 32
Change in growth rate Growth -3.8pp +0.8pp 24 of 32
Operating margin Profitability 28.5% 4.5% 2 of 29
Net margin Profitability 20.1% 3.3% 2 of 32
Free-cash-flow margin Cash generation 27.0% 4.1% 3 of 31
Long-term debt as % of assets Balance sheet 7.4% 33.7% 3 of 18
Change in share count Balance sheet -0.4% -0.1% 14 of 28

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$33B
Institutions reporting
408
Shares held vs prior quarter
▲ 59094.5%
Positions opened / closed
393 / 1

Top buyers and sellers, Q2 2026: 395 institutions bought and 4 sold ; the biggest buyer was Woodbridge Co Ltd (+296.2M shares) and the biggest seller Marshall Wace, LLP (−500K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Woodbridge Co Ltd $24.2B 296.2M 73.2% New
Invesco Ltd. $849M 10.4M 2.6% New
Royal Bank Of Canada $654M 8.0M 2.0% New
1832 Asset Management L.P. $627M 7.7M 1.9% New
Morgan Stanley $362M 4.4M 1.1% New
Tlt Family Holdco Ulc $346M 4.2M 1.0% New
Bank Of Montreal $346M 4.2M 1.0% New
TD Asset Management Inc $342M 4.2M 1.0% New
FMR LLC $334M 4.1M 1.0% New
Vanguard Capital Management LLC $303M 3.7M 0.9% New
Lcc Family Corp. $246M 3.0M 0.7% New
Fil Ltd $241M 3.0M 0.7% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Thomson Reuters Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Thomson Reuters Corp disclosed in the last 12 months; 2 earlier trades on record.

  • John H. Rutherford(R-FL 4):Sale (full), $1,001 - $15,000, traded February 17, 2022, filed March 16, 2022
  • John H. Rutherford(R-FL 4):Purchase, $1,001 - $15,000, traded July 17, 2017, filed August 20, 2018

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Thomson Reuters Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Thomson Reuters Corp in brief

What does Thomson Reuters Corp do?
Thomson Reuters Corp is a US-listed company in the diversified support services industry. Its financial year ends in December.
What is Thomson Reuters Corp's stock ticker?
Thomson Reuters Corp trades under the ticker TRI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Thomson Reuters Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Thomson Reuters Corp reported revenue of $7.5B, 3.0% higher than a year earlier, according to its SEC filings.
What is Thomson Reuters Corp's free cash flow?
Thomson Reuters Corp's free-cash-flow margin is 27.0% of revenue over the trailing twelve months, ranking 3 of the 31 diversified support services companies we cover.
What is Thomson Reuters Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Thomson Reuters Corp's free cash flow after stock-based pay gives ~$81 per share in the base case, and ~$60–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Thomson Reuters Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Woodbridge Co Ltd, Invesco Ltd. and Royal Bank Of Canada. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Thomson Reuters Corp buying back stock, and does it pay a dividend?
Thomson Reuters Corp spent $1B on share repurchases over the trailing twelve months, and its diluted share count fell 0.4% over the year.
How much debt does Thomson Reuters Corp have?
Thomson Reuters Corp's debt-to-equity ratio is 17.8%, from its latest balance sheet (37.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Thomson Reuters Corp's competitors?
In our Diversified Support Services peer group, the companies closest to Thomson Reuters Corp are Rentokil Initial PLC, Brinks Co, RB Global Inc., Cintas and Copart. The side-by-side comparison below sets their revenue, margins and growth against Thomson Reuters Corp's.
When is Thomson Reuters Corp's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Thomson Reuters Corp announces its own schedule.