Company Overview

Thomson Reuters Corporation stands as a leading global provider of trusted content and technology that people and organizations need to make the right decisions. The company operates as a content and technology company across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It serves professionals across multiple industries with specialized software and intelligent information solutions.

Business Overview

Thomson Reuters serves professionals in the legal, tax, accounting, compliance, government, and media sectors. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency.

Operating Segments

Thomson Reuters operates through five key segments:

- Legal Professionals: Sells research and workflow products to law firms and governments.

- Corporates: Offers a full suite of content-driven technology solutions for businesses ranging from small enterprises to multinational organizations, including the seven global accounting firms.

- Tax & Accounting Professionals: Serves tax, accounting, and audit professionals within accounting firms.

- Reuters News: Reuters, a division of Thomson Reuters, is a world-leading provider of trusted journalism and news.

- Global Print: Primarily offers legal and tax information in print format.

Market Position and Financial Performance

Thomson Reuters has a market capitalization of $78.82 billion as of September 5, 2025, marking a 7.07% increase over the past year. The company demonstrates strong financial performance with revenue of $7.25 billion USD in 2024, an increase from $6.79 billion USD in 2023.

For the full year 2024, the company achieved organic revenue growth of 7% and met its outlook for total company organic revenue growth, adjusted EBITDA margin, and free cash flow. Adjusted Earnings Per Share (EPS) increased to $3.77 per share from $3.51 per share in the prior-year period, largely due to higher adjusted EBITDA.

The company's "Big 3" segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively achieved organic revenue growth of 8% in 2024, representing the majority of total revenues.

Key Financial Metrics (2024)

- Total Revenue: $7.25 billion USD (2024) vs $6.79 billion USD (2023)

- Adjusted EPS: $3.77 per share (2024) vs $3.51 per share (2023)

- Outstanding Shares: Approximately 450.1 million common shares outstanding as of February 4, 2025

- Market Cap: $78.82 billion (September 5, 2025)

Technology Innovation and AI Leadership

Thomson Reuters continues to advance its artificial intelligence capabilities. The company is progressing its AI strategy with the launch of CoCounsel Legal, featuring Deep Research on Westlaw and guided workflows, as well as CoCounsel for tax, audit, and accounting. CoCounsel Legal's Deep Research capability is the industry's first professional-grade agentic AI research tool, capable of generating research plans, explaining its logic, and delivering structured reports supported by Westlaw and Practical Law citations.

This solution is already trusted by over 20,000 law firms and corporate legal departments, including a majority of top US courts and Am Law 100 firms. The company's investment in AI increased to more than $200 million in 2024.

Brand Portfolio and Products

The company's flagship products include:

- Westlaw: Through its Westlaw business unit, Thomson Reuters offers a crucial service to legal professionals. Combined with Checkpoint (tax & accounting software), it provides top-tier software solutions to two stable industries.

- Practical Law: A key resource for legal research and workflow solutions.

- Checkpoint: A comprehensive tax and accounting software platform.

- Reuters News: A premier global news and information service.

Corporate Structure and Governance

The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. This rebranding followed the acquisition of Reuters Group plc by The Thomson Corporation. Founded in 1799, the company is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.

The company trades on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) under the symbol TRI. In a significant transition, the company announced on February 13, 2025, that it would switch its US stock listing to the Nasdaq Global Select Market. It ceased trading on the NYSE at market close on February 24, 2025, and commenced trading as a Nasdaq-listed security on February 25, 2025. Thomson Reuters was added to the Nasdaq-100 index on July 28, 2025.

Future Outlook

For 2025, the company's outlook anticipates organic revenue growth of approximately 7.0% - 7.5% and an adjusted EBITDA margin of approximately 39%. The updated financial framework for 2026 projects 7.5% - 8.0% organic revenue growth and an expansion of 50 basis points or more in adjusted EBITDA margin.

Thomson Reuters maintains a strong competitive position through its specialized content, advanced technology solutions, and deep customer relationships across professional services industries. The company's strategic focus on AI innovation and digital transformation positions it well for continued growth in serving the evolving needs of legal, tax, accounting, and corporate professionals worldwide.