Thomson Reuters Corporation (TRI) financial statements: income statement, balance sheet and cash flow

Thomson Reuters Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Thomson Reuters Corporation reported revenue of $7.5B (+3.0% year on year) and net income of $1.5B (-31.9% year on year).

Income statement

Thomson Reuters Corporation income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$7.5B	$7.3B	$6.8B	$6.6B
Operating expenses	($4.6B)	($4.5B)	($4.1B)	($4.3B)
Depreciation	($111.0M)	($113.0M)	($116.0M)	($140.0M)
Amortization of software	($721.0M)	($618.0M)	—	—
Amortization of other identifiable intangible assets	($98.0M)	($91.0M)	—	—
Other operating gains, net	$164.0M	$144.0M	$397.0M	$211.0M
Operating profit	$2.1B	$2.1B	$2.3B	$1.8B
Net interest expense	($143.0M)	($125.0M)	($152.0M)	($196.0M)
Other finance (costs) income	($55.0M)	$45.0M	($192.0M)	$444.0M
Income before tax and equity method investments	$1.9B	$2.0B	$2.0B	$2.1B
Share of post-tax (losses) earnings in equity method investments	($28.0M)	$40.0M	$1.1B	($432.0M)
Tax (expense) benefit	($423.0M)	$123.0M	($417.0M)	($259.0M)
Earnings from continuing operations	$1.5B	$2.2B	$2.6B	$1.4B
Earnings from discontinued operations, net of tax	$19.0M	$15.0M	$49.0M	($53.0M)
Net earnings	$1.5B	$2.2B	$2.7B	$1.3B
Common shareholders	$1.5B	$2.2B	$2.7B	$1.3B
Non-controlling interests	$0	($3.0M)	—	—
From discontinued operations	$0.05	$0.03	$0.11	-$0.11
Basic earnings per share	$3.34	$4.89	$5.81	$2.76
From continuing operations	$3.29	$4.86	$5.70	$2.87
From discontinued operations	$0.04	$0.04	$0.11	-$0.11
Diluted earnings per share	$3.33	$4.89	$5.80	$2.75

Thomson Reuters Corporation income statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Revenues	$4.0B	$3.7B	$3.6B	$3.4B
Operating expenses	($2.4B)	($2.2B)	($2.2B)	($2.1B)
Depreciation	($55.0M)	($55.0M)	($57.0M)	($59.0M)
Amortization of computer software	($394.0M)	($352.0M)	—	—
Amortization of other identifiable intangible assets	($49.0M)	($49.0M)	—	—
Other operating gains, net	$68.0M	$2.0M	($70.0M)	$364.0M
Operating profit	$1.2B	$999.0M	$972.0M	$1.3B
Net interest expense	($86.0M)	($65.0M)	($76.0M)	($89.0M)
Other finance income (costs)	$17.0M	($58.0M)	$24.0M	($192.0M)
Income before tax and equity method investments	$1.1B	$876.0M	$920.0M	$1.1B
Share of post-tax losses in equity method investments	($11.0M)	($10.0M)	$53.0M	$989.0M
Tax expense	($196.0M)	($144.0M)	$335.0M	($415.0M)
Earnings from continuing operations	$921.0M	$722.0M	$1.3B	$1.6B
Earnings (loss) from discontinued operations, net of tax	($14.0M)	$25.0M	$11.0M	$24.0M
Net earnings	$907.0M	$747.0M	$1.3B	$1.6B
Earnings attributable to common shareholders	$907.0M	$747.0M	$1.3B	$1.6B
Basic earnings per share	$2.05	$1.65	$2.92	$3.49
From continuing operations	$2.08	$1.60	$2.90	$3.44
From discontinued operations	-$0.03	$0.05	$0.02	$0.05
Diluted earnings per share	$2.05	$1.65	$2.92	$3.49

Balance sheet

Thomson Reuters Corporation balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$511.0M	$2.0B	$1.3B	$1.1B
Trade and other receivables	$1.1B	$1.1B	$1.1B	$1.1B
Other financial assets	$94.0M	$35.0M	$66.0M	$204.0M
Prepaid expenses and other current assets	$480.0M	$400.0M	$435.0M	$469.0M
Current assets	$2.2B	$3.5B	$2.9B	$2.8B
Property and equipment, net	$361.0M	$386.0M	$447.0M	$414.0M
Software, net	$1.6B	$1.5B	$1.2B	$922.0M
Other identifiable intangible assets, net	$3.1B	$3.1B	$3.2B	$3.2B
Goodwill	$7.9B	$7.3B	$6.7B	$5.9B
Equity method investments	$202.0M	$269.0M	$2.0B	$6.2B
Other financial assets	$466.0M	$442.0M	$444.0M	$527.0M
Other non-current assets	$680.0M	$625.0M	$618.0M	$619.0M
Deferred tax	$1.3B	$1.4B	$1.1B	$1.1B
Total assets	$17.9B	$18.4B	$18.7B	$21.7B
Current indebtedness	$795.0M	$973.0M	$372.0M	$1.6B
Payables, accruals and provisions	$1.1B	$1.1B	$1.1B	$1.2B
Current tax liabilities	$224.0M	$197.0M	$248.0M	$324.0M
Deferred revenue	$1.3B	$1.1B	$992.0M	$886.0M
Other financial liabilities	$108.0M	$113.0M	$507.0M	$812.0M
Current liabilities	$3.5B	$3.4B	$3.2B	$4.9B
Long-term indebtedness	$1.3B	$1.8B	$2.9B	$3.1B
Provisions and other non-current liabilities	$656.0M	$675.0M	$692.0M	$691.0M
Other financial liabilities	$210.0M	$232.0M	$237.0M	$233.0M
Deferred tax	$364.0M	$241.0M	$553.0M	$897.0M
Total liabilities	$6.0B	$6.4B	$7.6B	$9.8B
Capital	$3.6B	$3.5B	$3.4B	$5.4B
Retained earnings	$9.2B	$9.7B	$8.7B	$7.6B
Accumulated other comprehensive loss	($903.0M)	($1.2B)	($1.0B)	($1.2B)
Total equity	$11.9B	$12.0B	$11.1B	$11.9B
Total liabilities and equity	$17.9B	$18.4B	$18.7B	$21.7B

Thomson Reuters Corporation balance sheet, quarters

Line item	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023
Cash and cash equivalents	$577.0M	$664.0M	$1.7B	$2.9B
Trade and other receivables	$1.1B	$1.1B	$1.1B	$1.0B
Other financial assets	$116.0M	$63.0M	$17.0M	$104.0M
Prepaid expenses and other current assets	$449.0M	$441.0M	$474.0M	$472.0M
Current assets	$2.3B	$2.3B	$3.3B	$4.4B
Property and equipment, net	$342.0M	$375.0M	$436.0M	$402.0M
Software, net	$1.7B	$1.6B	$1.5B	$1.1B
Other identifiable intangible assets, net	$3.1B	$3.1B	$3.2B	$3.2B
Goodwill	$8.1B	$7.8B	$7.3B	$6.2B
Equity method investments	$168.0M	$284.0M	$230.0M	$3.5B
Other financial assets	$469.0M	$454.0M	$419.0M	$448.0M
Other non-current assets	$705.0M	$625.0M	$620.0M	$610.0M
Deferred tax	$1.3B	$1.4B	$1.5B	$1.1B
Total assets	$18.1B	$18.0B	$18.4B	$20.9B
Current indebtedness	$1.6B	$499.0M	$1.3B	$2.4B
Payables, accruals and provisions	$1.0B	$892.0M	$1.0B	$933.0M
Current tax liabilities	$240.0M	$187.0M	$325.0M	$479.0M
Deferred revenue	$1.3B	$1.2B	$1.0B	$942.0M
Other financial liabilities	$318.0M	$112.0M	$88.0M	$124.0M
Current liabilities	$4.4B	$2.9B	$3.7B	$4.9B
Long-term indebtedness	$1.3B	$1.3B	$1.8B	$3.1B
Provisions and other non-current liabilities	$597.0M	$643.0M	$678.0M	$675.0M
Other financial liabilities	$206.0M	$212.0M	$247.0M	$202.0M
Deferred tax	$382.0M	$299.0M	$263.0M	$752.0M
Total liabilities	$7.0B	$5.3B	$6.8B	$9.7B
Capital	$3.0B	$3.6B	$3.4B	$3.4B
Retained earnings	$9.0B	$9.9B	$9.3B	$8.8B
Accumulated other comprehensive loss	($953.0M)	($895.0M)	($1.1B)	($1.0B)
Total equity	$11.1B	$12.6B	$11.6B	$11.2B
Total liabilities and equity	$18.1B	$18.0B	$18.4B	$20.9B

Cash flow statement

Thomson Reuters Corporation cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Earnings from continuing operations	$1.5B	$2.2B	$2.6B	$1.4B
Depreciation	$111.0M	$113.0M	$116.0M	$140.0M
Amortization of software	$721.0M	—	$609.0M	$584.0M
Amortization of other identifiable intangible assets	$98.0M	$91.0M	—	—
Share of post-tax losses (earnings) in equity method investments	$28.0M	($40.0M)	—	$432.0M
Net gains on disposals of businesses and investments	($165.0M)	($192.0M)	($336.0M)	($217.0M)
Deferred tax	$60.0M	($640.0M)	($388.0M)	($80.0M)
Other	$272.0M	$151.0M	$298.0M	($276.0M)
Changes in working capital and other items	$43.0M	$176.0M	$457.0M	$8.0M
Operating cash flows from continuing operations	$2.7B	$2.5B	$2.3B	$2.0B
Operating cash flows from discontinued operations	$0	($12.0M)	$14.0M	($67.0M)
Net cash provided by operating activities	$2.7B	$2.5B	$2.3B	$1.9B
Acquisitions, net of cash acquired	($843.0M)	($622.0M)	($1.2B)	($191.0M)
Proceeds related to disposals of businesses and investments	$254.0M	$326.0M	$418.0M	$216.0M
Proceeds from sales of LSEG shares	0	1.9B	5.4B	—
Capital expenditures	($634.0M)	($607.0M)	($544.0M)	($595.0M)
Other investing activities	$1.0M	$46.0M	$137.0M	$88.0M
Taxes paid on sales of LSEG shares and disposals	-62.0M	-317.0M	-705.0M	-7.0M
Net cash (used in) provided by investing activities	($1.3B)	$680.0M	$3.5B	($462.0M)
Repayments of debt	($999.0M)	($290.0M)	($600.0M)	—
Net borrowings (repayments) under short-term loan facilities	$290.0M	($139.0M)	($956.0M)	—
Payments of lease principal	($64.0M)	($63.0M)	($58.0M)	($65.0M)
Repurchases of common shares	-1.0B	-639.0M	-1.1B	-1.3B
Dividends paid	($1.0B)	($949.0M)	($892.0M)	($837.0M)
Purchase of non-controlling interests	$0	($384.0M)	—	—
Other financing activities	($16.0M)	$5.0M	$4.0M	($14.0M)
Net cash used in financing activities	($2.8B)	($2.5B)	($5.6B)	($1.2B)
Translation adjustments	$4.0M	($8.0M)	$1.0M	($6.0M)
(Decrease) increase in cash and cash equivalents	($1.5B)	$670.0M	$229.0M	$291.0M
Cash and cash equivalents at beginning of period	$2.0B	$1.3B	$1.1B	$778.0M
Cash and cash equivalents at end of period	$511.0M	$2.0B	$1.3B	$1.1B
Interest paid, net of debt-related hedges	($138.0M)	($149.0M)	($201.0M)	($168.0M)
Interest received	$46.0M	$74.0M	$81.0M	$8.0M
Income taxes paid	($337.0M)	($551.0M)	($869.0M)	($216.0M)

Thomson Reuters Corporation cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Jun 30, 2025 · YTD	Jun 30, 2024 · YTD	Jun 30, 2023 · YTD
Earnings from continuing operations	$921.0M	$722.0M	$1.3B	$1.6B
Depreciation	$55.0M	$55.0M	$57.0M	$59.0M
Amortization of software	$394.0M	$352.0M	—	—
Amortization of other identifiable intangible assets	$49.0M	$49.0M	—	—
Share of post-tax losses in equity method investments	$11.0M	$10.0M	($53.0M)	—
Deferred tax	$48.0M	$18.0M	($695.0M)	($118.0M)
Other	$47.0M	$169.0M	$117.0M	$277.0M
Changes in working capital and other items	($98.0M)	($186.0M)	$46.0M	$160.0M
Operating cash flows from continuing operations	$1.4B	$1.2B	$1.1B	$961.0M
Operating cash flows from discontinued operations	($2.0M)	$2.0M	($2.0M)	$1.0M
Net cash provided by operating activities	$1.4B	$1.2B	$1.1B	$962.0M
Acquisitions, net of cash acquired	($248.0M)	($630.0M)	($455.0M)	($523.0M)
Proceeds related to disposals of businesses and investments, net of taxes	$8.0M	—	—	—
Capital expenditures	($333.0M)	($314.0M)	($297.0M)	($267.0M)
Other investing activities	$0	$1.0M	$6.0M	$68.0M
Net cash used in investing activities	($573.0M)	($938.0M)	$967.0M	$3.3B
Repayments of debt	($500.0M)	($999.0M)	($48.0M)	—
Net borrowings under short-term loan facilities	$1.3B	—	($139.0M)	$771.0M
Payments of lease principal	($31.0M)	($33.0M)	($31.0M)	($31.0M)
Payments for return of capital on common shares	-605.0M	—	0	-2.0B
Repurchases of common shares	-362.0M	—	-639.0M	-718.0M
Dividends paid	($557.0M)	($521.0M)	($475.0M)	($457.0M)
Other financing activities	($35.0M)	($10.0M)	$1.0M	$5.0M
Net cash used in financing activities	($785.0M)	($1.6B)	($1.7B)	($2.5B)
Translation adjustments	($1.0M)	$6.0M	($5.0M)	$1.0M
Increase (decrease) in cash and cash equivalents	$66.0M	($1.3B)	$384.0M	$1.8B
Cash and cash equivalents at beginning of period	$511.0M	$2.0B	$1.3B	$1.1B
Cash and cash equivalents at end of period	$577.0M	$664.0M	$1.7B	$2.9B
Interest paid, net of debt-related hedges	($74.0M)	($72.0M)	($84.0M)	($102.0M)
Interest received	$12.0M	$32.0M	$30.0M	$24.0M
Income taxes paid	($152.0M)	($150.0M)	($283.0M)	($378.0M)

Thomson Reuters Corporation score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.