Company Description
Thomson Reuters Corporation (TSX/Nasdaq: TRI) is a global content and technology company that focuses on helping professionals make informed decisions in complex, high‑stakes environments. Headquartered in Toronto, Canada, Thomson Reuters brings together trusted content and technology for customers across the legal, tax, audit, accounting, compliance, government, and media sectors. According to the company, its products combine highly specialized software and insights to support decisions and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is described as a world‑leading provider of trusted journalism and news.
Business focus and customer segments
Thomson Reuters emphasizes serving professionals who work with law, regulation, and financial and operational complexity. The company highlights three major customer segments often referred to as its "Big 3": Legal Professionals, Corporates, and Tax & Accounting Professionals. These segments collectively represent a substantial portion of the company’s revenues, reflecting the importance of legal research, corporate compliance, and tax and accounting workflows in its business.
The Legal Professionals segment includes offerings such as Westlaw, Practical Law, CoCounsel, and CoCounsel Drafting, which are cited as key drivers of organic revenue growth. These tools are used by legal practitioners to access legal content, conduct research, and support drafting and workflow activities. The Corporates segment focuses on solutions such as Indirect Tax, Direct Tax, Pagero, Practical Law, and Global Trade offerings, which help corporate customers manage tax, trade, and regulatory obligations. The Tax & Accounting Professionals segment serves accounting and audit firms and other tax professionals with tax and audit products, including UltraTax and SafeSend, as well as regional offerings in Latin America.
Information, publishing, and news activities
Within the broader information sector, Thomson Reuters operates in the "All Other Publishers" industry classification. Its activities extend beyond traditional publishing into software‑enabled information services. The company reports a Reuters News segment, which generates revenue from agency services and long‑term agreements, including a news agreement with the Data & Analytics business of London Stock Exchange Group. Reuters is consistently described in company communications as a world‑leading provider of trusted journalism, underscoring the importance of news and media within the overall portfolio.
Thomson Reuters also maintains a Global Print segment, which reflects more traditional print‑based information products. While this segment has experienced revenue declines due to lower shipment volumes, it remains part of the company’s diversified set of information and publishing activities.
AI, agentic systems, and technology initiatives
Recent company communications place strong emphasis on artificial intelligence and what Thomson Reuters describes as "agentic AI" solutions. The company has introduced agentic AI capabilities across multiple professional domains, including tax, audit, accounting, and legal workflows. Examples include CoCounsel Legal and CoCounsel Tax, Audit and Accounting, which are presented as AI‑powered tools designed to help professionals delegate complex, multi‑step tasks, automate document analysis, and transform workflow execution.
Thomson Reuters has also launched ONESOURCE+, described as an intelligent compliance network that brings together tax, trade, legal, and risk solutions. Within ONESOURCE+, the company highlights offerings such as ONESOURCE Sales and Use Tax AI and ONESOURCE Global Classification AI, which are intended to automate sales and use tax filing processes and accelerate product classification for global trade teams. These products are presented as examples of how the company integrates AI with specialized content and domain expertise to support audit‑ready documentation and transparent rationales.
In addition, Thomson Reuters has convened the Trust in AI Alliance through Thomson Reuters Labs, its innovation research center. This alliance brings together AI researchers and engineers from organizations such as Anthropic, AWS, Google Cloud, and OpenAI, along with Thomson Reuters experts, to focus on defining shared principles and technical approaches for trustworthy, agentic AI systems. The alliance is positioned as a forum for addressing reliability, interpretability, and verification in AI used in high‑stakes professional environments.
Role of Thomson Reuters Labs and partnerships
Thomson Reuters Labs is described as being uniquely positioned at the intersection of technology, human expertise, and trust. It supports the company’s efforts to explore how AI can be both innovative and accountable in complex domains such as legal, tax, and regulatory work. Through initiatives like the Trust in AI Alliance, Thomson Reuters Labs aims to share insights and key themes publicly, contributing to broader industry discussions about trustworthy AI.
The company also engages in partnerships to integrate its products into customers’ existing technology environments. For example, Thomson Reuters CoCounsel Legal is being connected to NetDocuments through the ndConnect interoperability program. This integration allows shared customers to use CoCounsel Legal’s research, document analysis, and drafting capabilities within NetDocuments’ document management workflows, while maintaining security, governance, and document‑level control. Such collaborations illustrate how Thomson Reuters positions its AI‑enabled products within broader professional ecosystems.
Financial reporting and capital management
As a foreign private issuer, Thomson Reuters files reports with the U.S. Securities and Exchange Commission on Form 40‑F and furnishes current information on Form 6‑K. Recent 6‑K filings have included news releases on quarterly results, management’s discussion and analysis, unaudited consolidated financial statements, and certifications by senior officers under the Sarbanes‑Oxley Act. These filings provide detail on segment performance, revenue composition, and non‑IFRS financial measures such as adjusted EBITDA, adjusted EPS, and organic revenue growth.
The company has also communicated capital management actions, including a normal course issuer bid approved by the Toronto Stock Exchange and a plan to repurchase up to a specified number of common shares over a defined period. In connection with this, Thomson Reuters entered into an automatic share purchase plan with its broker, allowing share repurchases during blackout periods under parameters set when the company is not in possession of material non‑public information. These actions are described by the company as part of a disciplined capital strategy that balances growth investments, financial leverage, and returns to shareholders through dividends and share repurchases.
Stock listing and regulatory status
Thomson Reuters common shares trade on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbol TRI. The company identifies itself in SEC filings as Thomson Reuters Corporation and indicates that it files annual reports on Form 40‑F. Recent Form 6‑K filings reference its principal executive office in Toronto, Ontario, Canada. There is no indication in the provided information of delisting, deregistration, or bankruptcy proceedings.
Professional domains served
Across its segments, Thomson Reuters focuses on professionals who require authoritative information and workflow tools. Legal professionals use products such as Westlaw, Practical Law, and CoCounsel Legal for research, drafting, and workflow automation. Corporate customers rely on Indirect Tax, Direct Tax, Pagero, Practical Law, and Global Trade offerings to manage tax and regulatory obligations. Tax & Accounting professionals use products including UltraTax, SafeSend, and other tax and audit tools, with particular reference to business in Latin America.
In addition to these segments, Reuters News serves media organizations and other customers through agency services and long‑term agreements. Global Print continues to provide print‑based information products, though the company has reported lower shipment volumes in that segment.
Use of non‑IFRS measures and segment reporting
Thomson Reuters supplements its IFRS‑based financial reporting with non‑IFRS measures such as adjusted EBITDA, adjusted EBITDA margin, adjusted EPS, free cash flow, and organic revenue growth. The company explains in its releases that these measures are used as supplemental indicators of operating performance and financial position, and it provides reconciliations to the most directly comparable IFRS measures. Segment reporting highlights revenue and adjusted EBITDA performance for Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print, as well as corporate costs.
Commitment to justice, truth, and transparency
In its public statements, Thomson Reuters consistently describes its mission as informing the way forward by bringing together trusted content and technology. The company states that its products are designed to empower professionals with data, intelligence, and solutions needed to make informed decisions, and to support institutions in their pursuit of justice, truth, and transparency. This mission underpins both its traditional publishing and news activities and its newer AI‑driven offerings.
Stock Performance
Latest News
SEC Filings
Financial Highlights
Upcoming Events
Short Interest History
Short interest in Thomson Reuters (TRI) currently stands at 6.6 million shares, down 0.6% from the previous reporting period, representing 1.5% of the float. Over the past 12 months, short interest has increased by 442.2%. This relatively low short interest suggests limited bearish sentiment. The 6.7 days to cover indicates moderate liquidity for short covering.
Days to Cover History
Days to cover for Thomson Reuters (TRI) currently stands at 6.7 days, down 20.7% from the previous period. This moderate days-to-cover ratio suggests reasonable liquidity for short covering, requiring about a week of average trading volume. The days to cover has increased 294.7% over the past year, indicating improving liquidity conditions. The ratio has shown significant volatility over the period, ranging from 1.5 to 8.4 days.