Thomson Reuters Corporation

BST:TOCB Stock Report

Market Cap: €54.5b

Thomson Reuters Past Earnings Performance

Past criteria checks 4/6

Thomson Reuters has been growing earnings at an average annual rate of 24.1%, while the Professional Services industry saw earnings growing at 13.8% annually. Revenues have been growing at an average rate of 4.5% per year. Thomson Reuters's return on equity is 18.5%, and it has net margins of 30.7%.

Key information

24.1%

Earnings growth rate

25.3%

EPS growth rate

Professional Services Industry Growth14.5%
Revenue growth rate4.5%
Return on equity18.5%
Net Margin30.7%
Last Earnings Update30 Jun 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Thomson Reuters makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BST:TOCB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 236,7242,067530
31 Mar 236,6911,107510
31 Dec 226,6271,388520
30 Sep 226,5721,034130
30 Jun 226,524528110
31 Mar 226,4421,670600
31 Dec 216,3485,685610
30 Sep 216,2546,449570
30 Jun 216,1716,930640
31 Mar 216,0445,989680
31 Dec 205,9841,147760
30 Sep 205,9511,880850
30 Jun 205,9211,569920
31 Mar 205,9391,644980
31 Dec 195,9061,567970
30 Sep 195,8501432000
30 Jun 195,7211371800
31 Mar 195,609411620
31 Dec 185,501711460
30 Sep 185,388462270
30 Jun 185,376664280
31 Mar 185,345587290
31 Dec 175,297571290
30 Sep 176,743543340
30 Jun 178,215673410
31 Mar 179,704931460
31 Dec 1611,1661,003520
30 Sep 1611,1931,093530
30 Jun 1611,1961,088520
31 Mar 1611,2291,004520
31 Dec 1511,2571,069520
30 Sep 1511,5811,866480
30 Jun 1511,9411,847450
31 Mar 1512,2981,889420
31 Dec 1412,6071,906390
30 Sep 1412,674404440
30 Jun 1412,653445500
31 Mar 1412,657437560
31 Dec 1312,702124620
30 Sep 1312,788828640
30 Jun 1312,883996950
31 Mar 1312,9921,657640
31 Dec 1213,1321,984630
30 Sep 1213,345-939470

Quality Earnings: TOCB has a large one-off gain of $480.0M impacting its last 12 months of financial results to 30th June, 2023.

Growing Profit Margin: TOCB's current net profit margins (30.7%) are higher than last year (8.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TOCB's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: TOCB's earnings growth over the past year (291.5%) exceeds its 5-year average (24.1% per year).

Earnings vs Industry: TOCB earnings growth over the past year (291.5%) exceeded the Professional Services industry 1.6%.

Return on Equity

High ROE: TOCB's Return on Equity (18.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/08/07 21:54
End of Day Share Price 2023/05/10 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

Thomson Reuters Corporation is covered by 38 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
Manav PatnaikBarclays
Edward AtorinoBenchmark Company