Key Stats
Thomson Reuters stands as a global content and technology company delivering integrated information solutions to professionals across legal, tax, accounting, compliance, government, and media sectors. The company emerged through the 2008 merger of Thomson Corporation and Reuters Group, combining Thomson’s expertise in specialized information services with Reuters’ legacy in trusted journalism.
Headquartered in Toronto, Canada, Thomson Reuters operates through customer-focused segments including Legal Professionals, Corporates, Tax and Accounting Professionals, and Reuters News. The organization maintains flagship products such as Westlaw for legal research, Checkpoint for tax professionals, and the Reuters news service.
The Thomson family maintains control through Woodbridge Company, ensuring strategic continuity while the company trades publicly on NYSE and TSX under symbol TRI. Thomson Reuters serves decision makers in financial markets, corporate legal departments, accounting firms, and government agencies with content-driven technology powered by artificial intelligence and data analytics.
Thomson Reuters History
Paul Julius Reuter established Reuters news agency in London, utilizing telegraph cables and carrier pigeons to transmit stock market quotations and news between financial centers.
Roy Thomson acquired The Timmins Press in Ontario, Canada, marking the beginning of the Thomson media empire that would eventually span newspapers, magazines, and publishing businesses.
Reuters launched the Monitor Money Rates Service, creating an electronic marketplace for foreign exchange trading and revolutionizing how financial markets operated globally.
Reuters became a publicly quoted company on London Stock Exchange and NASDAQ while establishing the Reuters Trust Principles to protect editorial independence and integrity.
Thomson Corporation acquired West Publishing, a leading provider of legal information in the United States, significantly expanding its presence in legal research and publishing markets.
Thomson Corporation acquired Reuters Group for approximately 16.6 billion dollars, creating Thomson Reuters and establishing one of the world’s largest providers of intelligent information for businesses and professionals.
Steve Hasker was appointed Chief Executive Officer, leading the company’s transformation toward content-driven technology and artificial intelligence integration across all product lines.
Thomson Reuters acquired Casetext for 650 million dollars, accelerating its generative AI capabilities for legal professionals and launching multiple AI-powered research assistants across product portfolios.
The company completed acquisitions of SafeSend for 600 million dollars and Additive, strengthening tax automation capabilities while maintaining aggressive investment in artificial intelligence technologies.
Thomson Reuters Co-founders
German-born founder of Reuters news agency who pioneered the use of telegraph cables and carrier pigeons for rapid news transmission. He established Reuters in London in 1851, building an enviable reputation for speed, accuracy, integrity, and impartiality in financial reporting.
Canadian newspaper publisher who acquired The Timmins Press in 1934 and built a vast media empire spanning newspapers, magazines, and broadcasting. He became Lord Thomson of Fleet and established the foundation for what would become Thomson Corporation.
Thomson Reuters Revenue
Thomson Reuters demonstrated consistent revenue growth trajectory with 2024 full-year revenue reaching 7.26 billion dollars, representing a 6.8 percent increase from 2023. The company projects organic revenue growth of 7 to 7.5 percent for 2025.
Thomson Reuters Competitors
Thomson Reuters operates in highly competitive markets across legal, financial, tax, and media sectors. Primary competitors include Bloomberg in financial data, LexisNexis in legal research, and several specialized technology providers.
| Competitor | Primary Market | Key Products |
|---|---|---|
| Bloomberg | Financial Data | Bloomberg Terminal, Market Data |
| FactSet Research Systems | Investment Intelligence | FactSet Workstation, Analytics |
| S&P Global | Financial Intelligence | Capital IQ, Credit Ratings |
| LexisNexis | Legal Research | Lexis+, Legal Analytics |
| Wolters Kluwer | Professional Information | Tax Software, Legal Solutions |
| Moody’s Analytics | Risk Assessment | Credit Analysis, Risk Tools |
| Refinitiv (LSEG) | Financial Markets | Eikon, Market Data |
| Clarivate | Information Services | Web of Science, IP Solutions |
| Dun & Bradstreet | Business Data | Credit Reports, Risk Solutions |
| PitchBook | Private Markets | PE/VC Data, M&A Intelligence |
Thomson Reuters Acquisitions
Thomson Reuters has pursued an aggressive acquisition strategy to expand capabilities and accelerate technology integration across professional services markets. The company completed over 200 acquisitions between 2008 and 2018, with recent focus on artificial intelligence, automation, and cloud-native solutions.
In 2023, Thomson Reuters acquired Casetext for 650 million dollars, bringing advanced generative AI capabilities for legal professionals through the CoCounsel AI assistant. This acquisition marked a strategic pivot toward embedding artificial intelligence across core product portfolios, enabling lawyers to automate research, document review, and contract analysis workflows.
The 2024 acquisition of Pagero Group for approximately 800 million dollars strengthened the company’s position in e-invoicing and indirect tax compliance solutions. Pagero’s Smart Business Network connects over 90,000 customers to a platform reaching 14 million companies globally, enhancing Thomson Reuters ONESOURCE suite with end-to-end workflow automation capabilities.
Thomson Reuters acquired SafeSend in January 2025 for 600 million dollars, expanding tax automation capabilities for accounting professionals. SafeSend automates the final stages of tax return processes including assembly, review, e-signature, and delivery, serving 70 percent of the top 500 accounting firms in the United States.
Other significant 2024 acquisitions included Materia, a specialist in agentic AI for tax and accounting professionals, and Safe Sign Technologies to accelerate the generative AI roadmap. The company also acquired Additive in September 2025, bringing automation tools specifically designed for tax professionals to streamline compliance workflows.
These strategic acquisitions complement organic investment in content, technology, and talent while building competitive advantages in AI-powered professional services. Thomson Reuters has allocated approximately 10 billion dollars for potential acquisitions through 2027, focusing on companies with unique intellectual property, talented teams, and alignment with long-term growth strategies. The acquisition approach emphasizes integration planning, technology alignment, and cultural fit to ensure acquired capabilities enhance existing product ecosystems effectively.
Thomson Reuters Market Cap
Thomson Reuters market capitalization reached approximately 79 billion dollars in 2025, reflecting strong investor confidence in the company’s technology transformation and AI integration strategy. The market cap has grown significantly from 17.7 billion dollars in 2002.
FAQs
What does Thomson Reuters company do?
Thomson Reuters provides integrated information solutions combining content, technology, and expertise for legal, tax, accounting, compliance, government, and media professionals. The company delivers research platforms, workflow automation, news services, and AI-powered decision support tools to help professionals make informed decisions.
Who owns Thomson Reuters Corporation?
The Woodbridge Company, the Thomson family’s private holding company, owns 53 percent of Thomson Reuters. The remaining shares trade publicly on NYSE and TSX under ticker TRI, with institutional investors and public shareholders holding the balance.
When did Thomson and Reuters merge?
Thomson Corporation acquired Reuters Group on April 17, 2008, for approximately 16.6 billion dollars. The merger combined Thomson’s specialized information services with Reuters’ news agency to create a global content and technology powerhouse serving professional markets worldwide.
What are Thomson Reuters flagship products?
Key products include Westlaw for legal research, Checkpoint for tax professionals, ONESOURCE for corporate tax compliance, Practical Law for legal workflows, and Reuters news service. The company has launched AI-powered assistants across platforms including CoCounsel for legal work.
How much revenue does Thomson Reuters generate annually?
Thomson Reuters generated 7.26 billion dollars in revenue for 2024, representing 6.8 percent growth from the previous year. The company projects organic revenue growth of 7 to 7.5 percent for 2025, driven by strong performance across Legal, Corporate, and Tax segments.
