Thomson Reuters (TRI) Financial Statements & Analysis

Thomson Reuters (TRI) Income Statement

Thomson Reuters reported revenue of $7.48B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 3.0% from $7.26B a year earlier. Net income was $1.53B, down 30.8% year over year, a net margin of 20.4%. Gross margin was 75.8% and operating margin 26.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $1.95B, up 9.5% from the same quarter a year earlier.

Thomson Reuters Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Thomson Reuters Corporation income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	7.48	7.26	6.79	6.63	6.35	5.98	5.91	5.50	11.33
Cost of Revenue	1.81	4.44	4.10	1.59	2.48	2.27	2.43	4.13	8.08
Gross Profit	5.67	2.79	2.70	5.04	3.87	3.72	3.48	1.37	3.25
Operating Expenses
Research & Development	0.00	0.00	0.44	0.45	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.72	0.06	0.06	2.67	1.62	4.00	4.41	4.13	8.08
Operating Expenses	3.68	0.68	0.37	3.23	5.11	4.06	4.71	4.72	9.58
Operating Income	1.99	2.11	2.33	1.82	1.24	1.93	1.20	0.78	1.76
Other Income/Expense
Interest Income	0.00	0.05	0.09	0.01	0.00	0.00	0.04	0.00	0.01
Interest Expense	0.15	-0.18	0.24	0.20	0.20	0.20	0.16	0.26	0.36
Other Income/Expense	-0.08	-0.08	-0.34	0.46	-0.19	-0.17	-0.83	-0.25	-0.53
Income
Income Before Tax	1.91	2.07	1.99	2.08	1.05	1.76	0.97	0.53	1.19
Income Tax Expense	0.43	-0.12	0.42	0.26	1.61	0.07	-1.20	0.14	-0.27
Net Income	1.53	2.21	2.70	1.34	-0.55	1.69	2.17	3.95	1.40
Net Income - Continuous Operations	1.53	2.19	2.70	1.39	-0.55	1.69	2.17	3.95	1.40
Net Income - Discontinued Operations	0.02	0.02	0.05	-0.05	0.00	-	-	-	-
EBITDA	3.06	2.04	2.95	3.01	2.03	2.76	1.90	1.45	1.48
EBIT	1.95	1.89	2.23	2.29	1.26	-	-	-	-
Depreciation & Amortization	0.95	0.15	0.73	0.72	0.77	0.79	0.72	0.62	1.46
Earnings Per Share
Basic EPS	3.00	5.00	6.00	3.00	-1.00	4.00	4.00	6.00	2.00
Diluted EPS	3.00	5.00	6.00	3.00	-1.00	4.00	4.00	6.00	2.00
Basic Shares Outstanding	0.45	0.44	0.46	0.46	0.48	0.48	0.48	0.64	0.63
Diluted Shares Outstanding	0.45	0.44	0.46	0.46	0.48	0.48	0.48	0.64	0.63

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Thomson Reuters Financial Statements

What was Thomson Reuters's revenue in fiscal 2025?

Thomson Reuters reported revenue of $7.48B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 3.0% from $7.26B a year earlier.

Is Thomson Reuters profitable?

Yes. Thomson Reuters earned net income of $1.53B in fiscal 2025, a net margin of 20.4%. In fiscal 2024 it earned $2.21B.

What is Thomson Reuters's operating margin?

Thomson Reuters's operating income was $1.99B on revenue of $7.48B in fiscal 2025, an operating margin of 26.6%, compared with 29.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition