Summary
TOC Chart
Thomson Reuters: High Valuation Limits Near-Term Upside
I give a hold rating for Thomson Reuters (TRI), due to solid fundamentals, but limited near-term upside from high current valuation. TRI's core business is growing steadily, with strong performance in Legal, Corporates, and Tax & Accounting segments, and increasing Gen AI traction. Despite robust fundamentals, TRI's valuation at 45.8x forward PE is significantly above historical and peer multiples, leaving little room for error.
Thomson Reuters: Still Positive Considering EPS Beat And Improved Revenue Quality
I stick to a Buy for Thomson Reuters following my assessment of the company's first quarter results and the shift in its topline composition. TRI's 1Q2025 EPS surpassed expectations due to the strong performance of its Tax & Accounting Professionals segment. The company has been deriving a growing proportion of its revenue from star products and AI solutions.
Thomson Reuters Corporation (TRI) Q1 2025 Earnings Call Transcript
Thomson Reuters Corporation (NASDAQ:TRI ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Gary Bisbee - Head-Investor Relations Steve Hasker - Chief Executive Officer Mike Eastwood - Chief Financial Officer Conference Call Participants Scott Fletcher - CIBC Manav Patnaik - Barclays Aravinda Galappatthige - Canaccord Genuity Vince Valentini - TD Cowen Toni Kaplan - Morgan Stanley Drew McReynolds - RBC Andrew Steinerman - JPMorgan Jason Haas - Wells Fargo Doug Arthur - Huber Research George Tong - Goldman Sachs Joshua Dennerlein - Bank of America Operator Good day, and welcome to the Thomson Reuters First Quarter Earnings Call. Today's call is being recorded.
Thomson Reuters Corporation Dividends
 TOC 2 months ago | Other | €0.51 Per Share |
| TOC 4 months ago | Other | €0.51 Per Share |
| TOC 7 months ago | Other | €0.46 Per Share |
| TOC 11 months ago | Other | €0.46 Per Share |
| TOC 15 May 2024 | Other | €0.46 Per Share |
Thomson Reuters Corporation Earnings
| 6 Aug 2025 (In 3 weeks) Date | | 0.84 Cons. EPS | - EPS |
| 31 Jul 2025 (In 2 weeks) Date | | 0.84 Cons. EPS | - EPS |
| 30 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
| 30 Apr 2025 Date | | - Cons. EPS | - EPS |
| 6 Feb 2025 Date | | - Cons. EPS | - EPS |
| TOC 2 months ago | Other | €0.51 Per Share |
| TOC 4 months ago | Other | €0.51 Per Share |
| TOC 7 months ago | Other | €0.46 Per Share |
| TOC 11 months ago | Other | €0.46 Per Share |
| TOC 15 May 2024 | Other | €0.46 Per Share |
| 6 Aug 2025 (In 3 weeks) Date | | 0.84 Cons. EPS | - EPS |
| 31 Jul 2025 (In 2 weeks) Date | | 0.84 Cons. EPS | - EPS |
| 30 Jul 2025 (In 2 weeks) Date | | - Cons. EPS | - EPS |
| 30 Apr 2025 Date | | - Cons. EPS | - EPS |
| 6 Feb 2025 Date | | - Cons. EPS | - EPS |
Thomson Reuters Corporation (TOC) FAQ
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Thomson Reuters Corporation Profile
| Specialty Business Services Industry | Industrials Sector | Stephen John Hasker CEO | XFRA Exchange | CA8849038085 ISIN |
| CA Country | 26,400 Employees | 20 Feb 2025 Last Dividend | 27 Nov 2018 Last Split | - IPO Date |
Overview
Thomson Reuters Corporation, headquartered in Toronto, Canada, is a leading provider of business information services worldwide. Established in 1851 and having undergone a significant transformation from The Thomson Corporation to its current name in April 2008, the company caters to diverse sectors including legal, corporate, tax and accounting, news, and print. It boasts a comprehensive operational footprint across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. With its divisions focusing on Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print, Thomson Reuters delivers a broad spectrum of information-driven technologies and solutions. Operating under the ownership of The Woodbridge Company Limited, Thomson Reuters stands as a beacon of innovation and integrity in the business information landscape.
Products and Services
- Legal Professionals
- Corporates
- Tax & Accounting Professionals
- Reuters News
- Global Print
This segment delivers state-of-the-art research and workflow products designed for legal research. It offers integrated legal workflow solutions that amalgamate content, analytical tools, and legal technology to empower law firms and governmental agencies. Its mission is to streamline the complexities of legal research and operations through advanced, solution-oriented products.
Geared towards both small businesses and multinational organizations, the Corporates division supplies content-driven technologies. It employs generative AI to render integrated workflow solutions, facilitating efficient operations and strategic decision-making across the corporate spectrum.
Targeted at professionals in the fields of tax, accounting, and audit, this segment focuses on providing research and workflow products that emphasize tax offerings. It supports the automation of tax workflows with a suite of tools and content designed to enhance the precision and efficiency of tax, accounting, and audit operations.
Serving a dual audience of media organizations and financial market professionals, the Reuters News division disseminates business, financial, and international news. Its channels include the Reuters News Agency, Reuters.com, Reuters Events, and products and services integrated within the Thomson Reuters ecosystem, ensuring a broad and impactful distribution of world-class news content.
The Global Print segment caters primarily to the delivery of legal and tax information in print format. Despite the digital age, this segment underscores Thomson Reuters' commitment to traditional information dissemination, supporting professionals who rely on or prefer printed content for their legal and tax research needs.
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