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Thomson Reuters Corporation (TRI.TO)

CAD134.34 +5.34 (+4.14%)
CA TSX Industrials Specialty Business Services
Address 333 Bay Street M5H 2R2
Toronto, ON, CA
CEO Stephen John Hasker
Website tr.com
IPO 2008-06-04
ISIN CA8849038812

Explore sections of this company profile

Also trades on NASDAQ Global Select · TRI (USD) Toronto Stock Exchange · TRI.TO (CAD)
Description

Thomson Reuters Corporation delivers business information services globally, spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company organizes its operations into five main divisions. Its Legal Professionals segment offers advanced research and integrated workflow platforms, blending content, analytical tools, and solutions for legal firms and government bodies. The Corporates segment caters to legal, tax, regulatory, compliance, and IT specialists with technology-enabled solutions rich in specialized content. For Tax & Accounting Professionals, the company provides research and workflow products aimed at automating tax processes for those in accounting, tax, and auditing. The Reuters News segment distributes business, financial, and international news to media organizations, industry professionals, and the general public via its news agency and organized events. Finally, the Global Print segment supplies legal and tax resources predominantly in physical print format to legal and tax experts, governmental agencies, law schools, and corporations. Established in 1851, the firm was formerly known as The Thomson Corporation before changing its name to Thomson Reuters Corporation in April 2008. It is headquartered in Toronto, Canada, and operates as a subsidiary of The Woodbridge Company Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD134.34 +5.34 (+4.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
744.2K
Beta
0.18
Float Shares
129.35M
Free Float %
29.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.98% -4.50% +2.14% +2.43% -39.22% -34.99% -54.41% -32.25% -0.23% +93.87% +399.58%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (27 ratings, all time) Buy
Price Targets & DCF
Current price
134.34
DCF (Unlevered) 572.63 +326.3%
DCF (Levered) 564.98 +320.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 72% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 9 0
Hold 5 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.41
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Business Services: +7.6%
    +4.8% Q1'26: +8.0% (vs Q1'25)
  • EPS growth Specialty Business Services: +24.4%
    -30.5% Q1'26: +7.3% (vs Q1'25)
  • FCF margin FCF growth · Specialty Business Services: +27.6%
    +24.8% Q1'26: +16.7% (vs Q1'25)
  • EBIT margin Specialty Business Services: +9.0%
    +27.8% Q1'26: +30.6% (vs Q1'25)
  • ROIC Specialty Business Services: +7.8%
    +12.2% Q1'26: +14.4% (vs Q1'25)
  • Share dilution Specialty Business Services: +0.4%
    -0.4% Q1'26: -2.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Business Services: -0.21×
    0.69× Q1'26: 0.70× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.21) × ERP
WACC = 95% × Ke + 5% × Kd (6.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 611.88 Current price: 134.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
16 Rev. Ana.
11 EPS Ana.
Dec 2027
15 Rev. Ana.
10 EPS Ana.
Dec 2028
6 Rev. Ana.
3 EPS Ana.
Revenue
13.00B
est: 13.18B (-1.4%)
13.07B
est: 13.24B (-1.3%)
13.81B
est: 13.04B (+5.8%)
13.28B
est: 13.08B (+1.5%)
12.70B
est: 12.77B (-0.6%)
12.61B
est: 12.85B (-1.9%)
12.21B
est: 12.09B (+1.0%)
11.17B
est: 11.01B (+1.4%)
11.33B
est: 11.08B (+2.3%)
5.50B
est: 5.38B (+2.3%)
5.91B
est: 5.85B (+1.0%)
5.98B
est: 6.02B (-0.5%)
6.35B
est: 6.20B (+2.3%)
6.63B
est: 6.66B (-0.5%)
6.79B
est: 5.14B (+32.1%)
7.26B
est: 7.11B (+2.2%)
7.61B
est: 7.53B (+1.0%)
7.90B
7.71B – 7.98B
+4.8% YoY
8.51B
8.19B – 8.63B
+7.7% YoY
9.14B
8.85B – 9.25B
+7.4% YoY
EBITDA
2.75B
est: 2.89B (-5.1%)
2.97B
est: 1.50B (+97.8%)
1.04B
est: 2.29B (-54.7%)
4.37B
est: 237.70M (+1,738.0%)
3.31B
est: 3.52B (-5.9%)
4.29B
est: 2.42B (+77.2%)
3.15B
est: 3.25B (-3.1%)
3.00B
est: 2.35B (+27.4%)
1.48B
est: 4.40B (-66.4%)
1.45B
est: 781.21M (+85.6%)
1.90B
est: 4.80B (-60.5%)
2.76B
est: 2.12B (+29.9%)
2.03B
est: 2.20B (-8.2%)
3.01B
est: 2.31B (+30.6%)
2.95B
est: 2.09B (+41.2%)
3.05B
est: 2.68B (+13.8%)
3.06B
est: 3.06B (+0.0%)
3.21B
3.13B – 3.24B
+4.8% YoY
3.45B
3.32B – 3.51B
+7.7% YoY
3.71B
3.59B – 3.76B
+7.4% YoY
EBIT
1.19B
est: 1.64B (-27.2%)
1.47B
est: 1.16B (+26.7%)
-671.00M
est: 1.34B (-150.2%)
2.63B
est: -707.09M (+472.5%)
1.48B
est: 2.59B (-42.9%)
2.47B
est: 1.49B (+65.8%)
1.57B
est: 2.41B (-34.8%)
1.45B
est: 1.40B (+3.2%)
871.00M
est: 1.41B (-38.1%)
831.00M
est: 490.93M (+69.3%)
1.18B
est: 814.02M (+44.7%)
1.97B
est: 1.18B (+66.1%)
1.26B
est: 1.23B (+2.1%)
2.29B
est: 1.29B (+77.8%)
2.23B
est: 1.50B (+48.6%)
2.23B
est: 2.07B (+7.8%)
2.11B
est: 2.19B (-3.6%)
2.30B
2.24B – 2.32B
+4.8% YoY
2.48B
2.38B – 2.51B
+7.7% YoY
2.66B
2.58B – 2.69B
+7.4% YoY
Net Income
844.00M
est: 1.36B (-37.8%)
909.00M
est: 847.80M (+7.2%)
-1.39B
est: 895.82M (-255.2%)
2.07B
est: -1.39B (+248.5%)
137.00M
est: 2.02B (-93.2%)
1.91B
est: 137.66M (+1,286.8%)
1.26B
est: 1.84B (-31.8%)
3.10B
est: 1.15B (+168.8%)
1.40B
est: 3.13B (-55.5%)
3.95B
est: 679.42M (+481.2%)
2.17B
est: 4.22B (-48.6%)
1.69B
est: 1.57B (+8.0%)
-553.00M
est: 1.63B (-133.9%)
1.89B
est: 1.70B (+10.7%)
2.70B
est: 1.70B (+58.4%)
2.21B
est: 1.64B (+34.5%)
1.53B
est: 1.77B (-13.7%)
1.91B
1.81B – 2.02B
+8.0% YoY
2.16B
2.02B – 2.30B
+12.9% YoY
2.52B
2.29B – 2.75B
+16.6% YoY
SGA
est: 2.31B (-100.0%)
est: 8.70B (-100.0%)
est: 8.81B (-100.0%)
9.76B
est: 9.13B (+6.9%)
9.55B
est: 8.49B (+12.5%)
9.21B
est: 8.25B (+11.6%)
8.81B
est: 7.86B (+12.1%)
8.23B
est: 6.69B (+23.1%)
8.08B
est: 7.46B (+8.3%)
4.13B
est: 1.63B (+153.0%)
4.41B
est: 4.18B (+5.5%)
4.00B
est: 3.98B (+0.4%)
1.62B
est: 4.14B (-60.8%)
1.62B
est: 4.33B (-62.5%)
64.00M
est: 901.60M (-92.9%)
2.66B
est: 1.25B (+113.5%)
est: 1.32B (-100.0%)
1.38B
1.35B – 1.40B
+4.8% YoY
1.49B
1.43B – 1.51B
+7.7% YoY
1.60B
1.55B – 1.62B
+7.4% YoY
EPS
1.15
est: 1.94 (-40.8%)
1.25
est: 1.98 (-36.9%)
-1.91
est: 2.17 (-188.1%)
2.74
est: 2.25 (+21.9%)
0.18
est: 2.05 (-91.2%)
2.70
est: 1.90 (+41.9%)
1.83
est: 2.24 (-18.2%)
4.73
est: 2.22 (+113.4%)
2.22
est: 2.69 (-17.6%)
6.14
est: 0.64 (+865.1%)
4.49
est: 1.26 (+257.1%)
3.54
est: 1.81 (+96.0%)
-1.16
est: 1.97 (-158.9%)
3.90
est: 2.52 (+54.7%)
5.58
est: 3.76 (+48.6%)
4.89
est: 3.70 (+32.2%)
3.40
est: 3.99 (-14.8%)
4.31
4.03 – 4.49
+8.2% YoY
4.93
4.49 – 5.12
+14.3% YoY
5.64
5.08 – 6.12
+14.5% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-06 Scotiabank Sector Outperform Sector Outperform Maintain
2026-04-23 UBS Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-11 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-08 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-05-07 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-05-06 A 4/5 5/5 4/5 5/5 3/5 3/5 2/5
2026-05-05 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-04 A- 4/5 5/5 4/5 5/5 3/5 2/5 2/5
2026-05-01 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-30 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-29 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-28 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-27 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-24 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-23 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-22 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-21 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-20 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-17 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5
2026-04-16 A- 4/5 5/5 4/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.75B
OE per share TTM
3.90
Owner's Yield
3.18%
Maintenance CapEx ratio
2.38%
Maint CapEx / Avg PPE
7.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 243 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Core MSCI Canadian Quality Dividend Index ETF XDIV.TO 2.27% 92.53M 0.11%
2 TD Q Canadian Low Volatility ETF TCLV.TO 1.59% 1.37M 0.34%
3 iShares S&P/TSX Composite High Dividend Index ETF XEI.TO 1.46% 43.87M 0.22%
4 BMO Low Volatility Canadian Equity ETF ZLB.TO 1.38% 60.86M 0.39%
5 TD Q Canadian Dividend ETF TQCD.TO 1.30% 30.57M 0.39%
6 ALPS Disruptive Technologies ETF DTEC 1.05% 742.1K 0.50%
7 iShares Canadian Growth Index ETF XCG.TO 0.95% 970.9K 0.55%
8 iShares MSCI Min Vol Canada Index ETF XMV.TO 0.82% 2.26M 0.34%
9 BMO Canadian High Dividend Covered Call ETF ZWC.TO 0.75% 12.77M 0.72%
10 BMO MSCI Canada Selection Equity Index ETF ESGA.TO 0.72% 870.2K 0.16%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
80.1K
Shares Outstanding
436.12M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Stephen John Hasker President, Chief Executive Officer & Director 5M male
Ragunath Ramanathan President of the Legal Professionals 4M male
Kirsty Roth Chief Operations & Technology Officer 3M female
Paul J. Bascobert President of Reuters News 2M male
Michael Eastwood Chief Financial Officer 2M male
David Wong Chief Product Officer 2M male
Mary-Alice Vuicic Executive Vice President & Chief People Officer 641.8K female
Sue Brooks Interim Head of Reuters News Agency female
Carla Jones Chief of Staff female
Taneli D. Ruda Chief Strategy Officer male
David Carrel Chief Marketing Officer male
Elizabeth Beastrom President of Tax, Audit & Accounting Professionals female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits