What is Thomson Reuters Corp's earnings per share (EPS)?

Thomson Reuters Corp (TRI) reported diluted earnings per share of $3.29 for fiscal year 2025. This represents a -32.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Thomson Reuters Corp Financials

TRI

FY2025 annual

Revenue $7.5B +3.0% YoY

Net Income $1.5B -31.9% YoY

EPS (Diluted) $3.29 -32.2% YoY

Free Cash Flow $2.0B +9.0% YoY

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

Thomson Reuters Corp (TRI) reported $7.5B in revenue for fiscal year 2025, up 3.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TRI FY2025 2026-08-15

Strong cash conversion and minimal leverage make the business run more on recurring cash than on balance-sheet risk.

By FY2025, free-cash-flow margin reached 27.0% even as net profit margin fell to 20.1%, so accounting earnings understated how much cash the business was extracting from each sales dollar. Because revenue also rose from FY2023 to FY2025 while total assets fell, the stronger cash output came from higher asset productivity rather than a bigger balance sheet.

The balance sheet is conservatively financed: long-term debt was only $190M against equity of $11.9B, so short-term tightness looks more like working-capital timing than heavy dependence on lenders. In practice, near-term obligations appear to be supported mainly by operating inflow rather than by carrying a large cash cushion.

This is a low-capital-intensity operation, with capex of $634M against operating cash flow of $2.65B in FY2025, leaving substantial cash after reinvestment. Tiny inventory relative to revenue also implies cash is not tied up in physical stock, which helps keep free cash flow structurally resilient.

Financial Health Signals

Financial Health Score 40/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Thomson Reuters Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Thomson Reuters Corp, and counted as zero in the overall score.

Growth

Thomson Reuters Corp's revenue grew a modest 3.0% year-over-year to $7.5B. This slow but positive growth earns a score of 50/100.

Leverage

Thomson Reuters Corp carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Thomson Reuters Corp's current ratio of 0.64 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Thomson Reuters Corp converts 27.0% of revenue into free cash flow ($2.0B). This strong cash generation earns a score of 92/100.

Returns

Not available for Thomson Reuters Corp, and counted as zero in the overall score.

Piotroski F-Score Partial

5/7

Thomson Reuters Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.76x

For every $1 of reported earnings, Thomson Reuters Corp generates $1.76 in operating cash flow ($2.7B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$7.5B

YoY+3.0%

5Y CAGR+4.6%

Thomson Reuters Corp generated $7.5B in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.

Net Income

$1.5B

YoY-31.9%

5Y CAGR+6.0%

Thomson Reuters Corp reported $1.5B in net income in fiscal year 2025. This represents a decrease of 31.9% from the prior year.

EPS (Diluted)

$3.29

YoY-32.2%

5Y CAGR+7.4%

Thomson Reuters Corp earned $3.29 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 32.2% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$2.0B

YoY+9.0%

5Y CAGR+10.2%

Thomson Reuters Corp generated $2.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.0% from the prior year.

Cash & Debt

$511.0M

YoY-74.0%

5Y CAGR-22.1%

Thomson Reuters Corp held $511.0M in cash against $190.0M in long-term debt as of fiscal year 2025, with $3.5B of liabilities due within a year.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

20.1%

YoY-10.3pp

5Y CAGR+1.3pp

Thomson Reuters Corp's net profit margin was 20.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.3 percentage points from the prior year.

Return on Equity

12.6%

YoY-5.8pp

5Y CAGR+1.4pp

Thomson Reuters Corp's ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$634.0M

YoY+4.4%

5Y CAGR+4.7%

Thomson Reuters Corp invested $634.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 4.4% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

TRI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRI annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$7.5B+3.0%	$7.3B+6.8%	$6.8B+2.5%	$6.6B+4.4%	$6.3B+6.1%	$6.0B+1.3%	$5.9B+7.4%	$5.5B+3.9%	$5.3B-52.6%	$11.2B
Interest Expense	$14.0M0.0%	$14.0M+55.6%	$9.0M+12.5%	$8.0M0.0%	$8.0M-20.0%	$10.0M+42.9%	$7.0M	N/A	N/A	N/A
Income Tax	$423.0M+443.9%	-$123.0M-129.5%	$417.0M+61.0%	$259.0M-83.9%	$1.6B+2163.4%	$71.0M+105.9%	-$1.2B-980.9%	$136.0M+201.5%	-$134.0M-793.3%	-$15.0M
Net Income	$1.5B-31.9%	$2.2B-18.1%	$2.7B+101.4%	$1.3B-76.5%	$5.7B+407.0%	$1.1B-28.3%	$1.6B-61.1%	$4.0B+175.7%	$1.5B-53.7%	$3.1B
EPS (Diluted)	$3.29-32.2%	$4.85-14.8%	$5.69+99.0%	$2.86-75.1%	$11.50+400.0%	$2.30-26.3%	$3.12	$0.24	$1.94	$1.34

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$1.8B	N/A	$1.7B	N/A	$1.6B	N/A	$1.6B
Interest Expense	N/A	$4.0M	N/A	$4.0M	N/A	$2.0M	N/A	$2.0M
Income Tax	N/A	$52.0M	N/A	-$402.0M	N/A	$219.0M	N/A	-$92.0M
Net Income	N/A	$313.0M	N/A	$841.0M	N/A	$894.0M	N/A	-$115.0M
EPS (Diluted)	N/A	$0.66	N/A	$1.87	N/A	$1.89	N/A	-$0.15

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.

TRI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRI annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$17.9B-2.7%	$18.4B-1.3%	$18.7B-13.9%	$21.7B-2.0%	$22.1B+23.9%	$17.9B+3.4%	$17.3B+1.6%	$17.0B-35.7%	$26.5B-4.9%	$27.9B
Current Assets	$2.2B-36.2%	$3.5B+19.5%	$2.9B+3.9%	$2.8B+14.6%	$2.5B-38.3%	$4.0B+29.4%	$3.1B-32.1%	$4.5B+51.9%	$3.0B-35.8%	$4.6B
Cash & Equivalents	$511.0M-74.0%	$2.0B+51.6%	$1.3B+21.4%	$1.1B+37.4%	$778.0M-56.5%	$1.8B+116.6%	$825.0M-69.5%	$2.7B+209.6%	$874.0M-63.1%	$2.4B
Inventory	$23.0M+9.5%	$21.0M+5.0%	$20.0M-31.0%	$29.0M+3.6%	$28.0M+7.7%	$26.0M+13.0%	$23.0M-30.3%	$33.0M+6.5%	$31.0M-3.1%	$32.0M
Goodwill	$7.9B+9.0%	$7.3B+8.1%	$6.7B+14.5%	$5.9B-1.2%	$5.9B-0.6%	$6.0B+2.1%	$5.9B+15.3%	$5.1B-66.3%	$15.0B+3.8%	$14.5B
Total Liabilities	$6.0B-6.3%	$6.4B-15.6%	$7.6B-22.5%	$9.8B+18.2%	$8.3B+5.2%	$7.9B+2.1%	$7.7B-0.9%	$7.8B-39.5%	$12.9B-11.6%	$14.6B
Current Liabilities	$3.5B+0.9%	$3.4B+6.3%	$3.2B-33.9%	$4.9B+89.5%	$2.6B-2.7%	$2.7B-17.6%	$3.2B+19.6%	$2.7B-43.9%	$4.8B+5.1%	$4.6B
Long-Term Debt	$190.0M-4.0%	$198.0M-5.3%	$209.0M+16.8%	$179.0M-9.1%	$197.0M-11.7%	$223.0M-11.9%	$253.0M-92.1%	$3.2B-54.2%	$7.0B-4.9%	$7.4B
Total Equity	$11.9B-0.8%	$12.0B+8.5%	$11.1B-6.9%	$11.9B-14.1%	$13.8B+38.6%	$10.0B+4.4%	$9.6B+3.8%	$9.2B-32.2%	$13.6B+2.4%	$13.3B
Retained Earnings	$9.2B-4.9%	$9.7B+11.7%	$8.7B+13.6%	$7.6B-16.5%	$9.1B+75.6%	$5.2B+5.0%	$5.0B+4.8%	$4.7B-34.2%	$7.2B-3.7%	$7.5B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$17.9B-0.1%	$18.0B-2.6%	$18.4B+0.3%	$18.4B-1.6%	$18.7B-10.6%	$20.9B-3.8%	$21.7B-0.4%	$21.8B
Current Assets	$2.2B-1.2%	$2.3B-35.4%	$3.5B+6.9%	$3.3B+11.8%	$2.9B-34.1%	$4.4B+57.7%	$2.8B+25.3%	$2.2B
Cash & Equivalents	$511.0M-23.0%	$664.0M-66.3%	$2.0B+17.8%	$1.7B+28.7%	$1.3B-54.6%	$2.9B+167.4%	$1.1B+131.9%	$461.0M
Inventory	$23.0M	N/A	$21.0M	N/A	$20.0M	N/A	$29.0M	N/A
Goodwill	$7.9B+1.0%	$7.8B+7.9%	$7.3B-0.5%	$7.3B+8.6%	$6.7B+8.5%	$6.2B+5.5%	$5.9B-0.7%	$5.9B
Total Liabilities	$6.0B+12.6%	$5.3B-16.8%	$6.4B-4.9%	$6.8B-11.3%	$7.6B-21.3%	$9.7B-1.4%	$9.8B+16.3%	$8.4B
Current Liabilities	$3.5B+21.5%	$2.9B-16.9%	$3.4B-7.8%	$3.7B+15.3%	$3.2B-34.3%	$4.9B+0.6%	$4.9B+79.2%	$2.7B
Long-Term Debt	$190.0M0.0%	$190.0M-4.0%	$198.0M-4.3%	$207.0M-1.0%	$209.0M+18.1%	$177.0M-1.1%	$179.0M0.0%	$179.0M
Total Equity	$11.9B-5.6%	$12.6B+5.1%	$12.0B+3.4%	$11.6B+5.0%	$11.1B-1.2%	$11.2B-5.8%	$11.9B-11.0%	$13.4B
Retained Earnings	$9.2B-7.2%	$9.9B+2.4%	$9.7B+4.5%	$9.3B+6.9%	$8.7B-1.8%	$8.8B+15.6%	$7.6B-14.8%	$9.0B

Not reported in any period shown, so not listed: Accounts Receivable.

TRI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TRI annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	$2.7B+7.9%	$2.5B+5.0%	$2.3B+22.2%	$1.9B+8.0%	$1.8B+1.6%	$1.7B+148.6%	$702.0M-66.0%	$2.1B+1.6%	$2.0B-32.0%	$3.0B
Capital Expenditures	$634.0M+4.4%	$607.0M+11.6%	$544.0M-8.6%	$595.0M+22.2%	$487.0M-3.4%	$504.0M-0.2%	$505.0M-12.3%	$576.0M+11.0%	$519.0M	N/A
Free Cash Flow	$2.0B+9.0%	$1.9B+2.9%	$1.8B+36.1%	$1.3B+2.6%	$1.3B+3.6%	$1.2B+529.9%	$197.0M-86.7%	$1.5B-1.6%	$1.5B	N/A
Investing Cash Flow	-$1.3B-288.8%	$680.0M-80.6%	$3.5B+860.4%	-$462.0M+8.3%	-$504.0M-265.2%	-$138.0M+90.0%	-$1.4B-109.4%	$14.7B+1506.8%	-$1.0B-147.9%	$2.2B
Financing Cash Flow	-$2.8B-15.0%	-$2.5B+56.3%	-$5.6B-386.7%	-$1.2B+49.1%	-$2.3B-253.0%	-$644.0M+46.4%	-$1.2B+92.0%	-$14.9B-499.8%	-$2.5B+32.9%	-$3.7B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$746.0M	N/A	$705.0M	N/A	$695.0M	N/A	$433.0M
Capital Expenditures	N/A	$163.0M	N/A	$152.0M	N/A	$127.0M	N/A	$137.0M
Free Cash Flow	N/A	$583.0M	N/A	$553.0M	N/A	$568.0M	N/A	$296.0M
Investing Cash Flow	N/A	-$182.0M	N/A	$324.0M	N/A	$1.6B	N/A	-$254.0M
Financing Cash Flow	N/A	-$1.3B	N/A	-$1.2B	N/A	-$1.2B	N/A	-$368.0M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

TRI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TRI annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Net Margin	20.1%-10.3pp	30.4%-9.3pp	39.7%+19.5pp	20.2%-69.4pp	89.6%+70.9pp	18.8%-7.7pp	26.5%-46.6pp	73.1%+45.6pp	27.5%-0.7pp	28.2%
Return on Equity	12.6%-5.8pp	18.4%-6.0pp	24.4%+13.1pp	11.3%-29.9pp	41.1%+29.9pp	11.2%-5.1pp	16.4%-27.3pp	43.7%+32.9pp	10.8%-13.0pp	23.8%
Return on Assets	8.4%-3.6pp	12.0%-2.4pp	14.4%+8.3pp	6.2%-19.5pp	25.7%+19.4pp	6.3%-2.8pp	9.0%-14.6pp	23.6%+18.1pp	5.5%-5.8pp	11.3%
Current Ratio	0.64-0.4x	1.02+0.1x	0.90+0.3x	0.57-0.4x	0.95-0.5x	1.50+0.5x	0.95-0.7x	1.68+1.1x	0.62-0.4x	1.02
Debt-to-Equity	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.010.0x	0.020.0x	0.03-0.3x	0.35-0.2x	0.520.0x	0.56
FCF Margin	27.0%+1.5pp	25.5%-1.0pp	26.5%+6.5pp	19.9%-0.3pp	20.3%-0.5pp	20.7%+17.4pp	3.3%-23.7pp	27.0%-1.5pp	28.5%	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Net Margin	N/A	17.5%	N/A	48.3%	N/A	54.3%	N/A	-7.1%
Return on Equity	N/A	2.5%	N/A	7.2%	N/A	8.0%	N/A	-0.9%
Return on Assets	N/A	1.7%	N/A	4.6%	N/A	4.3%	N/A	-0.5%
Current Ratio	0.64-0.1x	0.79-0.2x	1.02+0.1x	0.880.0x	0.900.0x	0.90+0.3x	0.57-0.2x	0.82
Debt-to-Equity	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.01
FCF Margin	N/A	32.7%	N/A	31.8%	N/A	34.5%	N/A	18.3%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Note: The current ratio is below 1.0 (0.64), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Thomson Reuters Corp Ranks

Frequently Asked Questions

What is Thomson Reuters Corp's annual revenue?

Thomson Reuters Corp (TRI) reported $7.5B in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Thomson Reuters Corp's revenue growing?

Thomson Reuters Corp (TRI) revenue grew by 3.0% year-over-year, from $7.3B to $7.5B in fiscal year 2025.

Is Thomson Reuters Corp profitable?

Yes, Thomson Reuters Corp (TRI) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 20.1%.

How much debt does Thomson Reuters Corp have?

As of fiscal year 2025, Thomson Reuters Corp (TRI) had $511.0M in cash and equivalents against $190.0M in long-term debt.

What is Thomson Reuters Corp's net profit margin?

Thomson Reuters Corp (TRI) had a net profit margin of 20.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Thomson Reuters Corp's return on equity (ROE)?

Thomson Reuters Corp (TRI) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Thomson Reuters Corp's free cash flow?

Thomson Reuters Corp (TRI) generated $2.0B in free cash flow during fiscal year 2025. This represents a 9.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Thomson Reuters Corp's operating cash flow?

Thomson Reuters Corp (TRI) generated $2.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Thomson Reuters Corp's total assets?

Thomson Reuters Corp (TRI) had $17.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Thomson Reuters Corp's capital expenditures?

Thomson Reuters Corp (TRI) invested $634.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Thomson Reuters Corp's current ratio?

Thomson Reuters Corp (TRI) had a current ratio of 0.64 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Thomson Reuters Corp's debt-to-equity ratio?

Thomson Reuters Corp (TRI) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Thomson Reuters Corp's return on assets (ROA)?

Thomson Reuters Corp (TRI) had a return on assets of 8.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Thomson Reuters Corp's Piotroski F-Score?

Thomson Reuters Corp (TRI) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Thomson Reuters Corp's earnings high quality?

Thomson Reuters Corp (TRI) has an earnings quality ratio of 1.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Thomson Reuters Corp?

Thomson Reuters Corp (TRI) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.