What is Thomson Reuters's EBITDA margin?

Latest reported EBITDA margin for Thomson Reuters (TRI) is 40.76% as of the trailing twelve months (TTM) ending March 31, 2026.

How has Thomson Reuters EBITDA margin changed year-over-year?

Thomson Reuters (TRI) EBITDA margin changed −1.3 percentage points year-over-year on the latest annual filing.

When did Thomson Reuters EBITDA margin hit its highest annual value?

Thomson Reuters EBITDA margin reached its highest annual value of 46.07% in 2020.

What was Thomson Reuters EBITDA margin in 2024?

Thomson Reuters (TRI) EBITDA margin in 2024 was 42.05%.

What was Thomson Reuters EBITDA margin in 2025?

Thomson Reuters (TRI) EBITDA margin in 2025 was 40.76%.

Thomson Reuters (TRI) EBITDA Margin

TTM

40.8%

YoY change

−1.29pp

Trough year (2011)

7.5%

Peak year (2020)

46.1%

EBITDA Margin history chart for Thomson Reuters (TRI) from 1995 to 2025

Latest: 40.8%

EBITDA Margin change chart for Thomson Reuters (TRI) from 1995 to 2025

Latest: −1.29pp

EBITDA Margin history table for Thomson Reuters (TRI) from 1995 to 2025


2025	40.8%	-1.29pp	Dec 31, 2025	Mar 5, 2026
2024	42.1%	-1.37pp	Dec 31, 2024	Mar 6, 2025
2023	43.4%	-2.00pp	Dec 31, 2023	Mar 7, 2024
2022	45.4%	+13.52pp	Dec 31, 2022	Mar 8, 2023
2021	31.9%	-14.17pp	Dec 31, 2021	Mar 10, 2022
2020	46.1%	+13.99pp	Dec 31, 2020	Mar 10, 2021
2019	32.1%	+5.73pp	Dec 31, 2019	Mar 10, 2020
2018	26.4%	-1.51pp	Dec 31, 2018	Mar 13, 2019
2017	27.9%	+1.01pp	Dec 31, 2017	Mar 16, 2018
2016	26.9%	-1.13pp	Dec 31, 2016	Mar 9, 2017
2015	28.0%	-6.03pp	Dec 31, 2015	Mar 8, 2016
2014	34.0%	+7.97pp	Dec 31, 2014	Mar 13, 2015
2013	26.1%	-7.22pp	Dec 31, 2013	Mar 12, 2014
2012	33.3%	+25.75pp	Dec 31, 2012	Mar 11, 2013
2011	7.5%	-15.77pp	Dec 31, 2011	Mar 19, 2012
2010	23.3%	+2.16pp	Dec 31, 2010	Mar 9, 2011
2009	21.1%	-7.74pp	Dec 31, 2009	Mar 11, 2010
2008	28.9%	+1.17pp	Dec 31, 2008	Mar 30, 2009
2007	27.7%	-1.57pp	Dec 31, 2007	Mar 10, 2008
2006	29.3%	-0.25pp	Dec 31, 2006	Mar 1, 2007
2005	29.5%	+1.78pp	Dec 31, 2005	Mar 1, 2006
2004	27.7%	-0.21pp	Dec 31, 2004	Mar 2, 2005
2003	27.9%	+0.98pp	Dec 31, 2003	Mar 10, 2004
2002	27.0%	+0.85pp	Dec 31, 2002	Mar 26, 2003
2001	26.1%	+1.05pp	Dec 31, 2001	May 2, 2002
2000	25.1%	-1.01pp	Dec 31, 2000	Dec 31, 2000
1999	26.1%	+0.21pp	Dec 31, 1999	Dec 31, 1999
1998	25.9%	+1.77pp	Dec 31, 1998	Dec 31, 1998
1997	24.1%	+6.79pp	Dec 31, 1997	Dec 31, 1997
1996	17.3%	+0.18pp	Dec 31, 1996	Dec 31, 1996
1995	17.1%	—	Dec 31, 1995	Dec 31, 1995

202540.8%-1.29pp
202442.1%-1.37pp
202343.4%-2.00pp
202245.4%+13.52pp
202131.9%-14.17pp
202046.1%+13.99pp
201932.1%+5.73pp
201826.4%-1.51pp
201727.9%+1.01pp
201626.9%-1.13pp
201528.0%-6.03pp
201434.0%+7.97pp
201326.1%-7.22pp
201233.3%+25.75pp
20117.5%-15.77pp
201023.3%+2.16pp
200921.1%-7.74pp
200828.9%+1.17pp
200727.7%-1.57pp
200629.3%-0.25pp
200529.5%+1.78pp
200427.7%-0.21pp
200327.9%+0.98pp
200227.0%+0.85pp
200126.1%+1.05pp
200025.1%-1.01pp
199926.1%+0.21pp
199825.9%+1.77pp
199724.1%+6.79pp
199617.3%+0.18pp
199517.1%—

EBITDA Margin values are taken from Thomson Reuters's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Thomson Reuters (TRI)

According to Thomson Reuters's latest reported financial statements, the company's latest reported EBITDA margin is 40.8%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 31, 2026 (reported May 6, 2026). Chart and table below cover the full reported history back to 1995.

2025's annual EBITDA margin for Thomson Reuters (TRI) came in at 40.76% – contracted 1.3 percentage points year-over-year.

The highest annual EBITDA margin of 46.07% was reported in 2020. The lowest in the available history was 7.52% in 2011.

Thomson Reuters EBITDA Margin by Year

Thomson Reuters EBITDA Margin 2025: 40.8%

2025's EBITDA margin for Thomson Reuters came in at 40.76%, contracted 1.3 percentage points from 2024.

Thomson Reuters EBITDA Margin 2024: 42.1%

Thomson Reuters posted EBITDA margin of 42.05% in 2024, contracted 1.4 percentage points from 2023.

Thomson Reuters EBITDA Margin 2023: 43.4%

In 2023, Thomson Reuters reported EBITDA margin of 43.42%, contracted 2.0 percentage points from 2022.

Thomson Reuters EBITDA Margin 2022: 45.4%

Thomson Reuters EBITDA margin in 2022 was 45.42%, expanded 13.5 percentage points from 2021.

Thomson Reuters EBITDA Margin 2021: 31.9%

Thomson Reuters EBITDA margin in 2021 was 31.90%.

See more financial history for Thomson Reuters (TRI).

Sector peers by EBITDA Margin

Industrials peers of Thomson Reuters (TRI), ranked by their latest EBITDA margin


Union Pacific (UNP)	52.5%
GE Aerospace (GE)	22.8%
Deere & Company (DE)	22.5%
Caterpillar (CAT)	21.6%
Eaton Corporation (ETN)	20.7%
Honeywell International (HON)	17.8%
RTX (RTX)	17.1%
Boeing (BA)	7.9%

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