Thomson Reuters
Embedding authoritative content in professional workflows across law, tax, corporate work and news.
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Profile
Provides authoritative content and workflow software for legal, corporate, tax, audit and accounting professionals, alongside Reuters news and print products. Professional workflows drive the portfolio, supported by acquisitions and AI-assisted tools, while Reuters News follows governance-backed Trust Principles.
Supplies authoritative content and workflow software to legal, corporate, tax, audit and accounting professionals. Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals form the portfolio's economic center, alongside Reuters and Global Print.
Combines professional information with research, compliance, document-processing and AI-assisted tools. Acquisitions extend capabilities across tax onboarding, data gathering, return delivery and document review, while Reuters distributes business, financial and global news.
Serves professional and media customers through workflow platforms and Reuters' global news distribution. The business depends on continuing demand for embedded authoritative content, while Reuters News operates under Trust Principles backed by charter duties and special control protections. Woodbridge, the Thomson family's investment vehicle, is the controlling shareholder.
Company facts
Key statistics
Year to date −17.2% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Scotiabank | Reiterate | Outperform | $138 | $135 | |
| Jun 30, 2026 | Wells Fargo | Reiterate | Equal Weight | $87 | $85 | |
| May 8, 2026 | Barclays | Reiterate | Overweight | $170 | $130 | |
| May 6, 2026 | Scotiabank | Reiterate | Sector Outperform | $156 | $138 | |
| Apr 23, 2026 | UBS | Reiterate | Buy | $131.50 | $183 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.96 | $0.99 | +3.1% | $1.89B | $1.93B | +2.2% | −9.66% |
| May 5, 2026Q1 FY26 | $1.18 | $1.23 | +4.2% | $2.00B | $2.04B | +2.0% | −3.89% |
| Feb 5, 2026Q4 FY25 | $1.09 | $1.07 | −1.8% | $2.01B | $2.00B | −0.5% | −1.87% |
| Nov 4, 2025Q3 FY25 | $0.81 | $0.85 | +4.9% | $1.78B | $1.80B | +1.3% | −1.60% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $1.79B | $1.78B | $2.01B | $2.09B | $1.95B | |
| Gross profit | $1.45B | $1.35B | $1.35B | $1.52B | $1.59B | $743.0M | |
| Operating income | $563.0M | $436.0M | $593.0M | $378.0M | $636.0M | $558.0M | |
| Net income | $434.0M | $313.0M | $423.0M | $332.0M | $459.0M | $448.0M | |
| Diluted EPS | $0.96 | $0.69 | $0.94 | $0.76 | $1.03 | $1.01 | |
| Gross margin | 76.4% | 75.5% | 75.9% | 75.5% | 76.4% | 38.0% | |
| Operating margin | 29.6% | 24.4% | 33.3% | 18.8% | 30.5% | 28.6% |
Fiscal years (4-quarter sums)FY21 $6.35B · FY22 $6.63B · FY23 $6.79B · FY24 $7.26B · FY25 $7.48B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $576.3M · Total debt $3.18B · Total assets $18.06B · Shareholders' equity $11.11B
Dividends
Raised for 35 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 19, 2026 | Aug 19 | Sep 10 | $0.655 | |
| May 20, 2026 | May 20 | Jun 10 | $0.655 | cut from $1.4355 |
| May 4, 2026 | May 4 | May 4 | $1.4355 | raised from $0.655 |
| Feb 17, 2026 | Feb 17 | Mar 10 | $0.655 | raised from $0.595 |
| Nov 18, 2025 | Nov 18 | Dec 10 | $0.595 | |
| Aug 19, 2025 | Aug 19 | Sep 10 | $0.595 | |
| May 15, 2025 | May 15 | Jun 10 | $0.595 | |
| Feb 20, 2025 | Feb 20 | Mar 10 | $0.595 | raised from $0.5397 |
Ownership
Shares outstanding 436.54M · Float 127.43M · 29.2% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Woodbridge Co Ltd | 296.25M | 67.86% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 10.39M | 2.38% | 13F | Aug 14, 2026 |
| Royal Bank of Canada | 8.00M | 1.83% | 13F | Aug 14, 2026 |
| 1832 Asset Management L.P. | 7.67M | 1.76% | 13F | Aug 13, 2026 |
| Morgan Stanley | 4.44M | 1.02% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Thomson Reuters | $106.23 | −0.03% | $46.37B | 28.4 | 22.2 | 5.9 | +7.0% |
| RELX (ADR) | $36.54 | 0.00% | $63.79B | 21.3 | — | 4.8 | +0.4% |
| Intuit | $358.02 | +0.02% | $97.94B | 21.7 | 13.4 | 4.6 | +13.7% |
| Vertex | $14.23 | 0.00% | $2.31B | 465.0 | 15.3 | 2.9 | +10.5% |
| News Corp Class A | $30.65 | −1.00% | $17.38B | 30.1 | 23.0 | 2.1 | +10.8% |
| Median | 25.9 | 15.3 | 3.7 | +10.7% |