TRI
Thomson Reuters Corporation

Thomson Reuters CorporationTRI

Industrials · Specialty Business Services
116.41USD
-4.64%
Oct 28, 2026
TRI overview ready
AI-Enabled Legal and Tax Workflow Solutions Combining Proprietary Content and Automation
Thomson Reuters is a direct professional-workflow AI vendor.
Narrative is still early
Exposed to the AI Adoption in Professional Services narrative through AI-Enabled Legal, Tax and Accounting Workflow Platforms — enabling supplier.
Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Unremarkable fundamentals
Primary risk
Competition from other legal and professional services technology providers.
Market Oct 27Price action Aug 9Research Sep 8

Conviction Level

CompanyFit8.0PriceAction9.4Valuation3.1CompanyPosition7.3BusinessQuality—

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
vs SPY
+16.2pp
Theme return
+16.7%
Beating SPY
5 of 5
21 sessions to Oct 27, 2026 · ranked 7 of 59 themes
Price
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Price Action

Constructive pullback in an uptrend
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$53.8B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+7.0%
Trailing twelve months
Gross Margin
+39.7%
Operating Margin
+26.9%
Trailing twelve months
Free Cash Flow Yield
+3.9%
P/E
33.0x
EV / EBITDA
24.6x
EV / Sales
7.2x
Market metrics as of Oct 27, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Thomson Reuters Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

What changed

Company Research

Thesis
Thomson Reuters is a direct professional-workflow AI vendor. Its Legal Professionals, Corporates, and Tax & Accounting businesses combine proprietary legal, regulatory and tax content with research and workflow software, including Westlaw, Practical Law, Checkpoint and CoCounsel; Reuters News is a separate, less thematic business line.
Opportunity
Moderate opportunity
Professional-service firms and in-house functions are adopting trusted, domain-specific AI platforms that combine proprietary content, research, drafting, compliance and workflow automation in legally and financially consequential work.
Key risk
Competition from other legal and professional services technology providers.

Economic classification

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Business & Markets

Industrials · Specialty Business Services
What they do

Thomson Reuters operates as a global content and technology company providing specialized information, research, and workflow solutions across legal, corporate, tax, audit, and news segments.

How it earns

The company primarily generates revenue through subscription-based access to its content and technology platforms.

Products & services
Legal research and workflow solutions
Corporate content-driven technologies
Tax, audit, and accounting tools
Reuters News services
Global print products
Customers & end markets
Law firms and legal professionals
Corporate clients
Tax, audit, and accounting professionals
Government entities
Media and news consumers
Market position

Leader in providing specialized content and technology solutions for legal and professional services markets.

Demand drivers
Low cyclicality

The company serves professional and regulatory-driven markets that tend to have stable demand regardless of economic cycles.