TRI (Thomson Reuters Corporation) Stock Financials & Earnings | Market Cap Arena

TRI (Thomson Reuters Corporation) Stock Financials & Earnings | Market Cap Arena

TRIThomson Reuters Corporation

Mkt Cap$46B

Industrials·Specialty Business Services·🇨🇦 Canada·NASDAQ

Revenue (TTM)$7.5B

Net Income (TTM)$1.5B

EPS (TTM)$3.35

Free Cash Flow (TTM)$2.0B

Gross Margin62.6%

Op. Margin28.5%

Net Margin20.1%

FCF Margin27.1%

P/S Ratio (TTM)6.2x

P/E Ratio (TTM)30.8x

YoY Rev Growth+3.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.7B	$1.4B	$508M
Q2 23	$1.6B	$1.4B	$825M
Q3 23	$1.6B	$1.3B	$441M
Q4 23	$1.8B	$1.5B	$558M
Q1 24	$1.9B	$1.5B	$557M
Q2 24	$1.7B	$1.3B	$415M
Q3 24	$1.7B	$1.3B	$415M
Q4 24	$1.9B	$1.4B	$722M
Q1 25	$1.9B	$1.5B	$563M
Q2 25	$1.8B	$1.3B	$436M
Q3 25	$1.8B	$1.4B	$593M
Q4 25	$2.0B	$546M	$546M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.9x	42.7x
Q2 23	6.9x	22.2x
Q3 23	6.9x	20.8x
Q4 23	6.8x	17.2x
Q1 24	6.7x	19.2x
Q2 24	6.6x	19.6x
Q3 24	6.5x	20.2x
Q4 24	6.4x	21.0x
Q1 25	6.4x	21.5x
Q2 25	6.3x	28.4x
Q3 25	6.3x	26.4x
Q4 25	6.2x	30.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$267M	$127M
Q2 23	$706M	$577M
Q3 23	$668M	$524M
Q4 23	$721M	$586M
Q1 24	$430M	$286M
Q2 24	$703M	$551M
Q3 24	$759M	$610M
Q4 24	$552M	$395M
Q1 25	$444M	$293M
Q2 25	$764M	$598M
Q3 25	$697M	$537M
Q4 25	$768M	$607M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$140M
Q2 23	$129M
Q3 23	$144M
Q4 23	$135M
Q1 24	$144M
Q2 24	$152M
Q3 24	$150M
Q4 24	$157M
Q1 25	$151M
Q2 25	$166M
Q3 25	$160M
Q4 25	$160M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+3.8%	-2.4%
Q2 23	+2.0%	-32.8%
Q3 23	+1.3%	-2.0%
Q4 23	+2.8%	+10.8%
Q1 24	+8.5%	+8.0%
Q2 24	+5.6%	+61.2%
Q3 24	+8.2%	+13.5%
Q4 24	+5.2%	-5.6%
Q1 25	+0.8%	+0.7%
Q2 25	+2.6%	+1.8%
Q3 25	+3.4%	-9.2%
Q4 25	+6.9%	+25.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$651M
Q2 23	$620M
Q3 23	$600M
Q4 23	$662M
Q1 24	$629M
Q2 24	$665M
Q3 24	$674M
Q4 24	$690M
Q1 25	$644M
Q2 25	$670M
Q3 25	$674M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.6B	$84M	$1.7B
Q2 23	$2.8B	$104M	$2.9B
Q3 23	$2.4B	$118M	$2.5B
Q4 23	$1.2B	$66M	$1.3B
Q1 24	$1.9B	$18M	$1.9B
Q2 24	$1.7B	$17M	$1.7B
Q3 24	$1.6B	$12M	$1.6B
Q4 24	$1.9B	$35M	$1.9B
Q1 25	$1.4B	$35M	$1.4B
Q2 25	$665M	$63M	$728M
Q3 25	$617M	$0	$617M
Q4 25	$511M	$94M	$605M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	474M	-1.1%
Q2 23	470M	-0.8%
Q3 23	456M	-3.0%
Q4 23	455M	-0.2%
Q1 24	453M	-0.5%
Q2 24	451M	-0.4%
Q3 24	450M	-0.1%
Q4 24	451M	+0.0%
Q1 25	451M	+0.1%
Q2 25	451M	+0.1%
Q3 25	450M	-0.2%
Q4 25	446M	-1.0%