Thomson Reuters Past Earnings Performance
Past criteria checks 1/6
Thomson Reuters's earnings have been declining at an average annual rate of -27.2%, while the Professional Services industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 4.3% per year. Thomson Reuters's return on equity is 13%, and it has net margins of 20%.
Key information
-27.19%
Earnings growth rate
-25.48%
EPS growth rate
| Professional Services Industry Growth | 11.60% |
| Revenue growth rate | 4.30% |
| Return on equity | 13.00% |
| Net Margin | 19.98% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 03
TRI: Fiduciary Grade AI And Capital Returns Will Drive Future Upside
Analysts have adjusted their price target on Thomson Reuters to CA$172 from CA$179, reflecting updated views on its projected revenue growth and profit margins, as well as a lower assumed future P/E multiple. What's in the News Thomson Reuters outlined its standard for Fiduciary Grade AI for high stakes professional use, focused on authoritative content, privacy safeguards, and transparent, verifiable outputs.Narrative Update • Apr 23
TRI: Expanded AI Partnerships And Larger Buybacks Will Support Future Upside
Analysts trimmed their Thomson Reuters price target by about CA$7 to reflect a slightly higher discount rate and a modestly lower assumed future P/E multiple, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Supio expanded its collaboration with Thomson Reuters, giving Supio users direct access to Westlaw Advantage within CoCounsel Legal to link case building with legal research in a single workflow, with further AI driven capabilities planned for plaintiff focused litigation teams.Narrative Update • Apr 08
TRI: Larger Buybacks And Higher Dividend Will Support Future Upside
Analysts have made a modest upward adjustment to their CA$ price target for Thomson Reuters, reflecting slightly higher fair value estimates alongside small tweaks to discount rate and forward P/E assumptions. What's in the News Thomson Reuters announced a partnership with Smokeball to link Smokeball's practice management tools and AI matter assistant with CoCounsel Legal, aiming to create an integrated legal tech workflow for joint U.S. customers, including a real-time data connector for bulk document syncing across platforms (Client Announcements).Narrative Update • Mar 25
TRI: Larger Buybacks And Higher Dividend Will Support Future Upside
Analysts have lifted their CA$ fair value estimate for Thomson Reuters by roughly CA$2 to CA$185.72, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Smokeball and Thomson Reuters announced a partnership to link Smokeball's practice management tools and AI matter assistant with Thomson Reuters CoCounsel Legal, with a real time data connector planned to sync legal documents across platforms and further integration phases underway (Client Announcements).Narrative Update • Mar 11
TRI: Expanded Buybacks And Higher Dividend Will Support Future Upside
Analysts have trimmed their fair value estimate for Thomson Reuters by CA$3.56 to CA$183.42, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Thomson Reuters expanded its equity buyback authorization on February 25, 2026 by an additional 6,000,000 shares for $600 million, bringing the total plan term authorization to 16,000,000 shares and $1.6 billion (Key Developments).Narrative Update • Feb 24
TRI: Trust In AI Alliance And Rising Dividend Will Support Future Upside
Analysts have slightly reduced their CA$ fair value estimate for Thomson Reuters to CA$186.98 from CA$193.00. This reflects a modestly lower assumed future P/E multiple while keeping revenue growth and profit margin expectations effectively unchanged.
New Narrative • Feb 17
AI And Automation Catalysts Will Reshape Long Term Earnings Power
Catalysts About Thomson Reuters Thomson Reuters provides information, software and workflow tools for legal, tax, audit, risk and news professionals worldwide. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 10
TRI: Trust In AI Alliance And Dividend Streak Will Support Future Upside
Analysts have trimmed their price target on Thomson Reuters to about $193 from roughly $266, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E multiple. What's in the News Thomson Reuters approved a 10% or $0.24 per share annualized change in its dividend, bringing the dividend to $2.62 per common share.Analysis Article • Feb 09
Thomson Reuters Corporation (TSE:TRI) Shares Slammed 33% But Getting In Cheap Might Be Difficult Regardless
Thomson Reuters Corporation ( TSE:TRI ) shareholders that were waiting for something to happen have been dealt a blow...
New Narrative • Feb 03
AI Competition And Execution Risks Will Challenge Operations Yet Ultimately Support Long-Term Upside
Catalysts About Thomson Reuters Thomson Reuters provides information, software and tools for legal, tax, accounting, corporate and news professionals globally. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 26
TRI: Trust In AI Alliance And Buybacks Will Support Future Upside
Analysts have raised their price target on Thomson Reuters to US$46.22 from US$45.52, citing slightly refined assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Thomson Reuters launched the Trust in AI Alliance through Thomson Reuters Labs, bringing together AI experts from industry and academia to work on trustworthy, agentic AI systems used in high stakes professional settings, with founding participants including Anthropic, AWS, Google Cloud, OpenAI and Thomson Reuters.Narrative Update • Jan 12
TRI: AI Audit Integrations And Buybacks Will Support Future Upside Potential
Analysts have raised their fair value estimate for Thomson Reuters by approximately US$3 to about US$266 per share, reflecting updated assumptions regarding the discount rate, revenue growth, profit margins and future P/E. What's in the News Crunchafi partnered with Thomson Reuters to bring its lease accounting capabilities into Guided Assurance within the Cloud Audit Suite, aiming to automate complex lease workflows and reduce manual calculations for audit and accounting professionals (Client Announcements).Narrative Update • Dec 19
TRI: AI Audit Partnerships Will Drive Future Earnings And Shareholder Returns
Narrative Update on Thomson Reuters Analysts have modestly reduced their price target on Thomson Reuters, trimming fair value by approximately 2 percent to about $263 per share. This reflects slightly lower long term valuation multiples and marginally softer assumptions for growth and profitability.Narrative Update • Dec 05
TRI: AI Audit Partnerships Will Drive Long Term Earnings Upside
Analysts have raised their price target on Thomson Reuters to reflect a modest improvement in long term earnings expectations, highlighting stable fair value estimates alongside slightly higher discount rate and future price to earnings assumptions. What's in the News Fieldguide partnered with Thomson Reuters to embed the Guided Assurance audit methodology into Fieldguide's agentic AI platform, enabling dynamic risk assessments, automated diagnostics, and continuously updated audit standards within a single workflow (Key Developments).Narrative Update • Nov 21
TRI: AI Partnerships And Share Repurchases Will Drive Outperformance Ahead
Analysts have slightly lowered their price target for Thomson Reuters from $270.03 to $267.74. They cite minor adjustments to expected growth rates and profitability metrics as the reason for this change.Analysis Article • Nov 07
Thomson Reuters Corporation Just Beat EPS By 33%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that Thomson Reuters Corporation ( TSE:TRI ) filed its quarterly result this time last...Narrative Update • Nov 06
TRI: AI Partnerships And Share Buybacks Will Drive Stronger Performance
Analysts have modestly reduced their price target for Thomson Reuters from $276.64 to $270.03. They cite slightly increased revenue growth and profit margins, balanced by a mildly lower fair value estimate.Narrative Update • Oct 17
Agentic AI Will Transform Legal And Accounting Workflows
Analysts have slightly reduced their price target for Thomson Reuters, adjusting it from $277.20 to $276.64 per share due to minor shifts in projected growth and profitability metrics. What's in the News Thomson Reuters announced a strategic partnership with Supio, integrating Supio's AI-powered CaseAware platform to enhance case preparation tools for personal injury law firms in the US.Analysis Article • Oct 12
These 4 Measures Indicate That Thomson Reuters (TSE:TRI) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Oct 03
Agentic AI Will Transform Legal And Accounting Workflows
Narrative Update: Thomson Reuters Analyst Price Target Revision Analysts have modestly increased their price target for Thomson Reuters, raising the fair value estimate by approximately $3 to $277. This adjustment is attributed to slight improvements in profit margins and revenue growth forecasts.Analysis Article • Sep 12
Returns Are Gaining Momentum At Thomson Reuters (TSE:TRI)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Analysis Article • Aug 15
Why Thomson Reuters' (TSE:TRI) Shaky Earnings Are Just The Beginning Of Its Problems
TSX:TRI 1 Year Share Price vs Fair Value Explore Thomson Reuters's Fair Values from the Community and select yours The...Analysis Article • Jun 17
What Thomson Reuters Corporation's (TSE:TRI) P/E Is Not Telling You
Thomson Reuters Corporation's ( TSE:TRI ) price-to-earnings (or "P/E") ratio of 41.1x might make it look like a strong...
New Narrative • Feb 09
Integration Challenges With SafeSend And Materia Will Hurt Profits
Significant AI investments and recent acquisitions must deliver revenue growth soon to avoid negative impacts on profitability and net margins.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Thomson Reuters makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 7,663 | 1,531 | 59 | 0 |
| 31 Dec 25 | 7,476 | 1,479 | 60 | 0 |
| 30 Sep 25 | 7,376 | 1,753 | 57 | 0 |
| 30 Jun 25 | 7,318 | 1,602 | 59 | 0 |
| 31 Mar 25 | 7,273 | 2,148 | 59 | 0 |
| 31 Dec 24 | 7,258 | 2,190 | 59 | 0 |
| 30 Sep 24 | 7,164 | 2,233 | 64 | 0 |
| 30 Jun 24 | 7,034 | 2,326 | 65 | 0 |
| 31 Mar 24 | 6,941 | 2,371 | 66 | 0 |
| 31 Dec 23 | 6,794 | 2,641 | 64 | 0 |
| 30 Sep 23 | 6,744 | 2,170 | 60 | 0 |
| 30 Jun 23 | 6,724 | 2,064 | 63 | 0 |
| 31 Mar 23 | 6,691 | 1,107 | 51 | 0 |
| 31 Dec 22 | 6,627 | 1,388 | 52 | 0 |
| 30 Sep 22 | 6,572 | 1,033 | 56 | 0 |
| 30 Jun 22 | 6,524 | 528 | 49 | 0 |
| 31 Mar 22 | 6,442 | 1,670 | 60 | 0 |
| 31 Dec 21 | 6,348 | 5,685 | 61 | 0 |
| 30 Sep 21 | 6,254 | 6,449 | 57 | 0 |
| 30 Jun 21 | 6,171 | 6,930 | 64 | 0 |
| 31 Mar 21 | 6,044 | 5,989 | 68 | 0 |
| 31 Dec 20 | 5,984 | 1,147 | 76 | 0 |
| 30 Sep 20 | 5,951 | 1,880 | 85 | 0 |
| 30 Jun 20 | 5,921 | 1,569 | 92 | 0 |
| 31 Mar 20 | 5,939 | 1,644 | 98 | 0 |
| 31 Dec 19 | 5,906 | 1,567 | 97 | 0 |
| 30 Sep 19 | 5,850 | 143 | 200 | 0 |
| 30 Jun 19 | 5,721 | 137 | 180 | 0 |
| 31 Mar 19 | 5,609 | 41 | 162 | 0 |
| 31 Dec 18 | 5,501 | 71 | 146 | 0 |
| 30 Sep 18 | 5,388 | 462 | 27 | 0 |
| 30 Jun 18 | 5,376 | 664 | 28 | 0 |
| 31 Mar 18 | 5,345 | 587 | 29 | 0 |
| 31 Dec 17 | 5,297 | 571 | 29 | 0 |
| 30 Sep 17 | 6,743 | 543 | 34 | 0 |
| 30 Jun 17 | 8,215 | 673 | 41 | 0 |
| 31 Mar 17 | 9,704 | 931 | 46 | 0 |
| 31 Dec 16 | 11,166 | 1,003 | 52 | 0 |
| 30 Sep 16 | 11,193 | 1,093 | 53 | 0 |
| 30 Jun 16 | 11,196 | 1,088 | 52 | 0 |
| 31 Mar 16 | 11,229 | 1,004 | 52 | 0 |
| 31 Dec 15 | 11,257 | 1,069 | 52 | 0 |
| 30 Sep 15 | 11,581 | 1,866 | 48 | 0 |
| 30 Jun 15 | 11,941 | 1,847 | 45 | 0 |
Quality Earnings: TRI has high quality earnings.
Growing Profit Margin: TRI's current net profit margins (20%) are lower than last year (29.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRI's earnings have declined by 27.2% per year over the past 5 years.
Accelerating Growth: TRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRI had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Professional Services industry average (8.9%).
Return on Equity
High ROE: TRI's Return on Equity (13%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 16:55 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Thomson Reuters Corporation is covered by 29 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| Manav Patnaik | Barclays |
| Edward Atorino | Benchmark Company |