Thomson Reuters Corporation (NYSE: TRI)
Specialty Business Services · Toronto, ON, Canada · Founded 2008
- Market capitalization: $70.0 billion
- Annual revenue: $7.0 billion
- Net income: $2.0 billion
- Employees: 26,000
- Sector: Industrials
- Headquarters: Toronto, Canada
- Founded: 2008
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Thomson Reuters provides news, data, and software to legal, tax, accounting, and compliance professionals. They're the company behind Westlaw (legal research), Reuters News, and a suite of tax and accounting tools. The sale of a 55% stake in their financial data business (now LSEG/Refinitiv) reshaped the company.
Subscription revenue from professional information services — lawyers use Westlaw, accountants use their tax tools, and compliance teams use their regulatory databases. The recurring revenue model has over 80% retention rates. They also earn from Reuters News licensing.
Thomson Corporation acquired Reuters in 2008 for $17 billion, creating Thomson Reuters. The 2018 sale of a 55% stake in the Financial & Risk business to Blackstone (which became Refinitiv, later sold to LSEG) generated $17 billion and refocused the company. They still hold a ~15% stake in LSEG.
| Market Capitalization | $70.0B |
| Annual Revenue | $7.0B |
| Net Income | $2.0B |
| Profit Margin | 29% |
| Revenue per Employee | $269231K |
| Stock Exchange | NYSE |
| Ticker Symbol | TRI |
Financial data is approximate and based on most recent annual filings.
Thomson Reuters' LSEG stake is worth more than $10 billion — essentially a free option on top of the operating business. Westlaw has been the dominant legal research platform for over 40 years.
Thomson Reuters is a quiet cash machine with a massive hidden asset in the LSEG stake. The AI opportunity in legal and tax research could be transformative.
What is Thomson Reuters Corporation's revenue?
Thomson Reuters Corporation generates approximately $7.0 billion in annual revenue.
How many employees does Thomson Reuters Corporation have?
Thomson Reuters Corporation employs approximately 26,000 people worldwide.
What is Thomson Reuters Corporation's market cap?
Thomson Reuters Corporation (TRI) has a market capitalization of approximately $70.0 billion on the NYSE.
When was Thomson Reuters Corporation founded?
Thomson Reuters Corporation was founded in 2008 and is headquartered in Toronto, ON, Canada.
Who is the CEO of Thomson Reuters Corporation?
Steve Hasker is the current CEO of Thomson Reuters Corporation.
What is Thomson Reuters Corporation's website?
Thomson Reuters Corporation's official website is thomsonreuters.com.
| CEO | Steve Hasker |
| Sector | Industrials |
| Industry | Specialty Business Services |
| Founded | 2008 |
| HQ | Toronto, ON |
| Country | Canada |
| Website | thomsonreuters.com |
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