Thomson Reuters Corporation (TRI) annual results, year to 31 December 2025: revenue USD 7,476 million, from the 40-F
Thomson Reuters Corporation files a 40-F with the SEC once a year, in US dollars. In the year to 31 December 2025 it reported revenue of USD 7,476 million, up 3.0% on the year before. Its profit attributable to shareholders was USD 1,502 million, down 32.0%, and diluted earnings per share USD 3.33.
The year to 31 December 2025, against the year before
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Revenue | 7,258 | 7,476 |
| Operating profit | 2,109 | 2,132 |
| Income tax | -123 | 423 |
| Profit for the year | 2,207 | 1,502 |
| Profit attributable to shareholders | 2,210 | 1,502 |
| Filing | 40-F | 40-F |
USD million, from the 40-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Cash from operations | 2,457 | 2,651 |
| Purchase of property, plant and equipment | 607 | 634 |
| Free cash flow | 1,850 | 2,017 |
| Filing | 40-F | 40-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Total assets | 18,437 | 17,940 |
| Equity attributable to shareholders | 12,006 | 11,914 |
| Cash and cash equivalents | 1,968 | 511 |
| Borrowings, as filed | 2,820 | 2,123 |
| Lease liabilities | 256 | 249 |
| Inventories | 21.0 | 23.0 |
| Goodwill | 7,262 | 7,913 |
| Filing | 40-F | 40-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2024 | Dec 2025 |
|---|---|---|
| Operating margin | 29.1% | 28.5% |
| Net margin | 30.4% | 20.1% |
| Free cash flow margin | 25.5% | 27.0% |
| Return on year-end equity | 18.4% | 12.6% |
| Filing | 40-F | 40-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025, this page
- Year to 31 December 2024
- Year to 31 December 2023
- Year to 31 December 2022
- Year to 31 December 2021
- Year to 31 December 2020
- Year to 31 December 2019
- Year to 31 December 2018
- Year to 31 December 2017
- Year to 31 December 2016
Source
40-F for the year to 31 December 2025, filed 5 March 2026, accession 0001193125-26-094222: the filing on EDGAR. All of Thomson Reuters Corporation's filings: EDGAR company page. The figures are in US dollars as filed.
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