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Thomson Reuters Valuation Multiples
Discover revenue and EBITDA valuation multiples for Thomson Reuters and similar public comparables like MSCI, East Money, Experian, Nasdaq and more.
Thomson Reuters Overview
About Thomson Reuters
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
Founded
1977
HQ
Employees
26.4K
Website
Financials (LTM)
EV
$43B
Thomson Reuters Financials
Thomson Reuters reported last 12-month revenue of $8B and EBITDA of $3B.
In the same LTM period, Thomson Reuters generated $3B in EBITDA and $2B in net income.
Revenue (LTM)
Thomson Reuters P&L
In the most recent fiscal year, Thomson Reuters reported revenue of $7B and EBITDA of $3B.
Thomson Reuters expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Thomson Reuters Stock Performance
Thomson Reuters has current market cap of $41B, and enterprise value of $43B.
Market Cap Evolution
Thomson Reuters' stock price is $93.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $43B | $41B | 0.2% | XXX | XXX | XXX | $3.98 |
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Start Free TrialThomson Reuters Valuation Multiples
Thomson Reuters trades at 5.6x EV/Revenue multiple, and 14.3x EV/EBITDA.
EV / Revenue (LTM)
Thomson Reuters Financial Valuation Multiples
As of April 19, 2026, Thomson Reuters has market cap of $41B and EV of $43B.
Equity research analysts estimate Thomson Reuters' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thomson Reuters has a P/E ratio of 22.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $41B | XXX | $41B | XXX | XXX | XXX |
| EV (current) | $43B | XXX | $43B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 14.3x | XXX | 14.2x | XXX | XXX | XXX |
| EV/EBIT | 19.4x | XXX | 20.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 7.6x | XXX | XXX | XXX |
| P/E | 22.6x | XXX | 23.4x | XXX | XXX | XXX |
| EV/FCF | 21.7x | XXX | 21.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Thomson Reuters Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Thomson Reuters Margins & Growth Rates
Thomson Reuters' revenue in the last 12 month grew by 8%.
Thomson Reuters' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Thomson Reuters' rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thomson Reuters' rule of X is 60% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Thomson Reuters Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 60% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 49% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Thomson Reuters Public Comps
See public comps and valuation multiples for other Financial Data & Information and Legal Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Thomson Reuters | XXX | XXX | XXX | XXX | XXX | XXX |
| MSCI | XXX | XXX | XXX | XXX | XXX | XXX |
| East Money | XXX | XXX | XXX | XXX | XXX | XXX |
| Experian | XXX | XXX | XXX | XXX | XXX | XXX |
| Nasdaq | XXX | XXX | XXX | XXX | XXX | XXX |
| HiThink | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thomson Reuters M&A Activity
Thomson Reuters acquired XXX companies to date.
Last acquisition by Thomson Reuters was on XXXXXXXX, XXXXX. Thomson Reuters acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Thomson Reuters
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialThomson Reuters Investment Activity
Thomson Reuters invested in XXX companies to date.
Thomson Reuters made its latest investment on XXXXXXXX, XXXXX. Thomson Reuters invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Thomson Reuters
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Thomson Reuters
| When was Thomson Reuters founded? | Thomson Reuters was founded in 1977. |
| Where is Thomson Reuters headquartered? | Thomson Reuters is headquartered in Canada. |
| How many employees does Thomson Reuters have? | As of today, Thomson Reuters has over 26K employees. |
| Who is the CEO of Thomson Reuters? | Thomson Reuters' CEO is Steve Hasker. |
| Is Thomson Reuters publicly listed? | Yes, Thomson Reuters is a public company listed on Nasdaq. |
| What is the stock symbol of Thomson Reuters? | Thomson Reuters trades under TRI ticker. |
| When did Thomson Reuters go public? | Thomson Reuters went public in 1993. |
| Who are competitors of Thomson Reuters? | Thomson Reuters main competitors are MSCI, East Money, Experian, Nasdaq. |
| What is the current market cap of Thomson Reuters? | Thomson Reuters' current market cap is $41B. |
| What is the current revenue of Thomson Reuters? | Thomson Reuters' last 12 months revenue is $8B. |
| What is the current revenue growth of Thomson Reuters? | Thomson Reuters revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Thomson Reuters? | Current revenue multiple of Thomson Reuters is 5.6x. |
| Is Thomson Reuters profitable? | Yes, Thomson Reuters is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thomson Reuters? | Thomson Reuters' last 12 months EBITDA is $3B. |
| What is Thomson Reuters' EBITDA margin? | Thomson Reuters' last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Thomson Reuters? | Current EBITDA multiple of Thomson Reuters is 14.3x. |
| What is the current FCF of Thomson Reuters? | Thomson Reuters' last 12 months FCF is $2B. |
| What is Thomson Reuters' FCF margin? | Thomson Reuters' last 12 months FCF margin is 26%. |
| What is the current EV/FCF multiple of Thomson Reuters? | Current FCF multiple of Thomson Reuters is 21.7x. |
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