Thomson Reuters

Thomson Reuters Corporation (NYSE/TSX: TRI) is a global content and technology company headquartered in Toronto, Ontario, Canada. Founded in 2008 through the merger of Thomson Corporation and Reuters Group PLC, Thomson Reuters provides trusted information and solutions to professionals in the legal, tax, accounting, compliance, government, and media industries.

Thomson Reuters offers a wide range of products and services across its key segments:

• Legal Professionals: Provides legal research and workflow solutions like Westlaw, Practical Law, and HighQ to law firms and legal departments.

• Corporates: Offers legal, tax, and regulatory solutions to corporate customers, including Practical Law and indirect tax products.

• Tax & Accounting Professionals: Provides tax and accounting software and research tools like UltraTax and Confirmation to accounting firms and corporate tax departments.

• Reuters News: Global multimedia news provider serving financial, media and corporate clients.

• Global Print: Publishes and distributes legal and regulatory information in print format.

In recent years, Thomson Reuters has focused on expanding its AI and cloud-based offerings. The company launched AI-powered features like AI-Assisted Research on Westlaw Precision in 2023. In January 2024, Thomson Reuters acquired a majority stake in Pagero, a global leader in e-invoicing and indirect tax solutions, to enhance its tax and accounting capabilities.

Thomson Reuters reported total revenues of USD 6.79 billion in 2023, with organic revenue growth of 6%. The company's "Big 3" segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) grew 7% organically and comprised 81% of total revenues. For 2024, Thomson Reuters anticipates approximately 6% organic revenue growth and an adjusted EBITDA margin of about 38%. The company has also outlined a financial framework for 2025-2026 targeting 6.5%-8% organic revenue growth.