What is Thomson Reuters's operating margin?

Latest reported operating margin for Thomson Reuters (TRI) is 26.66% as of the trailing twelve months (TTM) ending March 31, 2026.

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

Thomson Reuters (TRI) operating margin changed −2.5 percentage points year-over-year on the latest annual filing.

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

Thomson Reuters operating margin reached its highest annual value of 34.32% in 2023.

What was Thomson Reuters operating margin in 2024?

Thomson Reuters (TRI) operating margin in 2024 was 29.06%.

What was Thomson Reuters operating margin in 2025?

Thomson Reuters (TRI) operating margin in 2025 was 26.61%.

Thomson Reuters (TRI) Operating Margin

TTM

26.7%

YoY change

−2.45pp

Trough year (2011)

-5.1%

Peak year (2023)

34.3%

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

Latest: 26.6%

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

Latest: −2.45pp

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


2025	26.6%	-2.45pp	Dec 31, 2025	Mar 5, 2026
2024	29.1%	-5.27pp	Dec 31, 2024	Mar 6, 2025
2023	34.3%	+6.65pp	Dec 31, 2023	Mar 7, 2024
2022	27.7%	+8.11pp	Dec 31, 2022	Mar 8, 2023
2021	19.6%	-12.67pp	Dec 31, 2021	Mar 10, 2022
2020	32.2%	+11.93pp	Dec 31, 2020	Mar 10, 2021
2019	20.3%	+6.12pp	Dec 31, 2019	Mar 10, 2020
2018	14.2%	-5.34pp	Dec 31, 2018	Mar 13, 2019
2017	19.5%	+7.07pp	Dec 31, 2017	Mar 16, 2018
2016	12.4%	-1.11pp	Dec 31, 2016	Mar 9, 2017
2015	13.6%	-6.63pp	Dec 31, 2015	Mar 8, 2016
2014	20.2%	+8.25pp	Dec 31, 2014	Mar 13, 2015
2013	11.9%	-7.64pp	Dec 31, 2013	Mar 12, 2014
2012	19.6%	+24.68pp	Dec 31, 2012	Mar 11, 2013
2011	-5.1%	-15.96pp	Dec 31, 2011	Mar 19, 2012
2010	10.9%	-1.26pp	Dec 31, 2010	Mar 9, 2011
2009	12.1%	-2.13pp	Dec 31, 2009	Mar 11, 2010
2008	14.2%	-3.53pp	Dec 31, 2008	Mar 30, 2009
2007	17.8%	-1.16pp	Dec 31, 2007	Mar 10, 2008
2006	18.9%	-0.05pp	Dec 31, 2006	Mar 1, 2007
2005	19.0%	+2.48pp	Dec 31, 2005	Mar 1, 2006
2004	16.5%	+0.72pp	Dec 31, 2004	Mar 2, 2005
2003	15.8%	+0.53pp	Dec 31, 2003	Mar 10, 2004
2002	15.3%	-9.42pp	Dec 31, 2002	Mar 26, 2003
2001	24.7%	+12.54pp	Dec 31, 2001	May 2, 2002
2000	12.1%	-1.85pp	Dec 31, 2000	Dec 31, 2000
1999	14.0%	-0.30pp	Dec 31, 1999	Dec 31, 1999
1998	14.3%	+0.14pp	Dec 31, 1998	Dec 31, 1998
1997	14.1%	+4.01pp	Dec 31, 1997	Dec 31, 1997
1996	10.1%	-0.39pp	Dec 31, 1996	Dec 31, 1996
1995	10.5%	—	Dec 31, 1995	Dec 31, 1995

202526.6%-2.45pp
202429.1%-5.27pp
202334.3%+6.65pp
202227.7%+8.11pp
202119.6%-12.67pp
202032.2%+11.93pp
201920.3%+6.12pp
201814.2%-5.34pp
201719.5%+7.07pp
201612.4%-1.11pp
201513.6%-6.63pp
201420.2%+8.25pp
201311.9%-7.64pp
201219.6%+24.68pp
2011-5.1%-15.96pp
201010.9%-1.26pp
200912.1%-2.13pp
200814.2%-3.53pp
200717.8%-1.16pp
200618.9%-0.05pp
200519.0%+2.48pp
200416.5%+0.72pp
200315.8%+0.53pp
200215.3%-9.42pp
200124.7%+12.54pp
200012.1%-1.85pp
199914.0%-0.30pp
199814.3%+0.14pp
199714.1%+4.01pp
199610.1%-0.39pp
199510.5%—

Operating 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 Operating Margin at Thomson Reuters (TRI)

According to Thomson Reuters's latest reported financial statements, the company's latest reported operating margin is 26.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

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.

The 2025 reading of Thomson Reuters (TRI) operating margin is 26.61% – contracted 2.5 percentage points year-over-year.

The highest annual operating margin of 34.32% was reported in 2023. The lowest in the available history was -5.11% in 2011.

Thomson Reuters Operating Margin by Year

Thomson Reuters Operating Margin 2025: 26.6%

2025's operating margin for Thomson Reuters came in at 26.61%, contracted 2.5 percentage points from 2024.

Thomson Reuters Operating Margin 2024: 29.1%

Thomson Reuters posted operating margin of 29.06% in 2024, contracted 5.3 percentage points from 2023.

Thomson Reuters Operating Margin 2023: 34.3%

In 2023, Thomson Reuters reported operating margin of 34.32%, expanded 6.6 percentage points from 2022. This figure represents the highest annual value in the available history.

Thomson Reuters Operating Margin 2022: 27.7%

Thomson Reuters operating margin in 2022 was 27.67%, expanded 8.1 percentage points from 2021.

Thomson Reuters Operating Margin 2021: 19.6%

Thomson Reuters operating margin in 2021 was 19.57%.

See more financial history for Thomson Reuters (TRI).

Sector peers by Operating Margin

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


Union Pacific (UNP)	40.1%
GE Aerospace (GE)	18.5%
Eaton Corporation (ETN)	18.1%
Deere & Company (DE)	17.9%
Caterpillar (CAT)	16.6%
Honeywell International (HON)	14.9%
RTX (RTX)	10.9%
Boeing (BA)	-5.9%

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