Thomson Reuters Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,476	7,258	6,794	6,627	6,348
Revenue Growth (YoY)	3.00%	6.83%	2.52%	4.40%	6.08%
Cost of Revenue	4,578	4,436	4,095	4,068	4,139
Gross Profit	2,898	2,822	2,699	2,559	2,209
Selling, General & Admin	-	59	64	52	61
Amortization of Goodwill & Intangibles	819	709	609	584	593
Other Operating Expenses	-164	52	-13	6	-29
Operating Expenses	766	933	776	782	802
Operating Income	2,132	1,889	1,923	1,777	1,407
Interest Expense	-143	-177	-211	-192	-185
Interest & Investment Income	-	76	84	7	2
Earnings From Equity Investments	-28	40	1,075	-432	6,240
Currency Exchange Gain (Loss)	-	143	-227	516	-2
Other Non Operating Income (Expenses)	-55	-98	35	-72	10
EBT Excluding Unusual Items	1,906	1,873	2,679	1,604	7,472
Merger & Restructuring Charges	-	-	-	-171	-183
Gain (Loss) on Sale of Assets	-	196	384	217	5
Pretax Income	1,906	2,069	3,063	1,650	7,294
Income Tax Expense	423	-123	417	259	1,607
Earnings From Continuing Operations	1,483	2,192	2,646	1,391	5,687
Earnings From Discontinued Operations	19	15	49	-53	2
Net Income to Company	1,502	2,207	2,695	1,338	5,689
Minority Interest in Earnings	-	3	-	-	-
Net Income	1,502	2,210	2,695	1,338	5,689
Preferred Dividends & Other Adjustments	4	5	5	3	2
Net Income to Common	1,498	2,205	2,690	1,335	5,687
Net Income Growth	-32.04%	-18.00%	101.42%	-76.48%	407.04%
Shares Outstanding (Basic)	449	451	463	466	476
Shares Outstanding (Diluted)	450	451	464	467	477
Shares Change (YoY)	-0.38%	-2.74%	-0.74%	-1.94%	-0.71%
EPS (Basic)	3.34	4.89	5.81	2.86	11.96
EPS (Diluted)	3.33	4.88	5.80	2.85	11.93
EPS Growth	-31.76%	-15.74%	103.10%	-76.09%	412.25%
Free Cash Flow	2,017	1,850	1,797	1,320	1,286
Free Cash Flow Per Share	4.49	4.10	3.87	2.82	2.70
Dividend Per Share	2.380	2.160	1.960	1.847	1.681
Dividend Growth	10.18%	10.20%	6.14%	9.88%	6.58%
Gross Margin	38.76%	38.88%	39.73%	38.62%	34.80%
Operating Margin	28.52%	26.03%	28.30%	26.82%	22.16%
Profit Margin	20.04%	30.38%	39.59%	20.14%	89.59%
Free Cash Flow Margin	26.98%	25.49%	26.45%	19.92%	20.26%
EBITDA	2,341	2,039	2,085	1,963	1,650
EBITDA Margin	31.31%	28.09%	30.69%	29.62%	25.99%
D&A For EBITDA	209	150	162	186	243
EBIT	2,132	1,889	1,923	1,777	1,407
EBIT Margin	28.52%	26.03%	28.30%	26.81%	22.16%
Effective Tax Rate	22.19%	-	13.61%	15.70%	22.03%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.