Thomson Reuters Corporation (TRI): Business Model Canvas

In der dynamischen Landschaft globaler Informationsdienste entwickelt sich die Thomson Reuters Corporation (TRI) zu einem Kraftpaket für professionelle Informationen, das Technologie, Daten und Fachwissen über mehrere Branchen hinweg nahtlos miteinander verbindet. Mit einem ausgefeilten Geschäftsmodell, das über die traditionelle Bereitstellung von Informationen hinausgeht, hat sich TRI strategisch als unverzichtbarer Partner für Rechts-, Finanz- und akademische Fachkräfte weltweit positioniert. Durch den Einsatz modernster Technologie, umfangreicher Datenrepositorys und einem differenzierten Verständnis der Anforderungen professioneller Arbeitsabläufe hat Thomson Reuters komplexe Informationsökosysteme in optimierte, umsetzbare Erkenntnisse umgewandelt, die die Entscheidungsfindung und operative Exzellenz vorantreiben.

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Anbietern von Rechts-, Steuer- und Buchhaltungssoftware

Thomson Reuters unterhält strategische Partnerschaften mit wichtigen Softwareanbietern in den Bereichen Recht und Finanztechnologie:

Partner	Partnerschaftsfokus	Gründungsjahr
Microsoft	Integration der Cloud-Infrastruktur	2018
Salesforce	Kundenbeziehungsmanagement	2019
SAP	Unternehmenssoftwarelösungen	2017

Zusammenarbeit mit globalen Finanzinstituten und Medienorganisationen

Thomson Reuters arbeitet mit mehreren Finanz- und Medienunternehmen zusammen:

• Bloomberg LP – Finanzdatenaustausch
• S&P Global – Austausch von Marktinformationen
• NASDAQ – Marktdaten- und Technologieintegration
• Financial Times – Inhaltliche und wissenschaftliche Zusammenarbeit

Partnerschaften mit akademischen und Forschungseinrichtungen

Institution	Forschungsschwerpunkt	Partnerschaftswert
Harvard Law School	Rechtsforschung und Technologie	Jährliche Investition von 2,5 Millionen US-Dollar
MIT	Forschung zu KI und maschinellem Lernen	Jährliche Zusammenarbeit im Wert von 3,1 Millionen US-Dollar
Stanford-Universität	Datenwissenschaft und Analytik	Forschungsstipendium in Höhe von 1,8 Millionen US-Dollar

Technologieintegratoren und Cloud-Service-Anbieter

Thomson Reuters arbeitet mit führenden Technologie- und Cloud-Dienstanbietern zusammen:

• Amazon Web Services (AWS) – Cloud-Infrastruktur
• Google Cloud Platform – Datenanalyse und -speicherung
• IBM – Technologielösungen für Unternehmen
• Oracle – Datenbank- und Unternehmenssoftware-Integration

Gesamtinvestition der Partnerschaft im Jahr 2023: 87,4 Millionen US-Dollar

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Hauptaktivitäten

Entwicklung und Pflege professioneller Informationsplattformen

Thomson Reuters betreibt mehrere professionelle Informationsplattformen mit den folgenden wichtigen Details:

Plattform	Jährliche Investition	Benutzerbasis
Westlaw Edge	425 Millionen Dollar	90 % der 200 größten Anwaltskanzleien
Refinitiv Eikon	385 Millionen Dollar	40.000 Finanzfachleute
Steuer & Buchhaltungsplattform	265 Millionen Dollar	85 % der Steuerabteilungen der Fortune 500

Datenaggregations- und Analysedienste

Zu den wichtigsten Datenaggregationsfunktionen gehören:

• Echtzeit-Finanzmarktdatenverarbeitung: Über 500 Millionen Datenpunkte täglich
• Rechtsrecherchedatenbank: Über 45 Millionen Rechtsdokumente
• Globale Nachrichtenaggregation: über 600.000 Nachrichtenquellen

Softwareentwicklung für Rechts- und Finanzfachleute

Investitionen und Kennzahlen in die Softwareentwicklung:

Softwarekategorie	Jährliche F&E-Ausgaben	Größe des Entwicklungsteams
Rechtstechnologie	612 Millionen Dollar	1.850 Entwickler
Finanzsoftware	524 Millionen US-Dollar	1.600 Entwickler
Steuer & Buchhaltungssoftware	276 Millionen Dollar	750 Entwickler

Inhaltserstellung und Kuratierung über mehrere Domänen hinweg

Metriken zur Inhaltsgenerierung:

• Jährliche Content-Produktion: 2,3 Millionen+ Artikel
• Globales Redaktionsteam: 3.200 Fachleute
• Abgedeckte Sprachen: 35+ Sprachen

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiche globale Informations- und Datenrepositorys

Gesamtdatenvolumen: 150 Petabyte an rechtlichen, finanziellen und geschäftlichen Informationen (Stand 2023).

Datenkategorie	Lautstärke	Aktualisierungshäufigkeit
Rechtsdatenbanken	45 Petabyte	Echtzeit-Updates
Finanzdatenbanken	65 Petabyte	Stündliche Updates
Steuer & Buchhaltungsrepositorys	40 Petabyte	Tägliche Updates

Fortschrittliche Technologieinfrastruktur und KI-gesteuerte Plattformen

• Cloud-Computing-Infrastruktur: 350 Millionen US-Dollar jährliche Investition
• KI- und maschinelle Lernplattformen: 287 aktive KI/ML-Projekte
• Jährliche Ausgaben für Technologie-F&E: 482 Millionen US-Dollar im Jahr 2023

Hochqualifizierte Arbeitskräfte

Personalsegment	Anzahl der Mitarbeiter	Durchschnittliche Erfahrung
Forschungsexperten	3,650	12,5 Jahre
Technologieexperten	2,890	9,7 Jahre
Datenwissenschaftler	1,240	7,3 Jahre

Geistiges Eigentum und proprietäre Datenbanken

Gesamtes geistiges Eigentum: 1.237 angemeldete Patente

• Proprietäre Datenbankabdeckung: 99,8 % globale Finanzmärkte
• Einzigartige Inhaltsrepositorys: 672 spezialisierte Datenbanken
• Jährliche IP-Investition: 215 Millionen US-Dollar

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Wertversprechen

Umfassende professionelle Informationslösungen

Thomson Reuters bietet professionelle Informationslösungen mit einem Umsatz von 6,7 Milliarden US-Dollar im Jahr 2023. Das Unternehmen bietet spezialisierte Plattformen für mehrere Berufsbereiche.

Segment	Jahresumsatz	Marktanteil
Juristen	2,8 Milliarden US-Dollar	42 % Weltmarktanteil
Steuer & Buchhaltungsprofis	1,5 Milliarden US-Dollar	35 % Weltmarktanteil
Reuters-Nachrichten & Medien	1,4 Milliarden US-Dollar	25 % globaler Nachrichtenmarkt

Echtzeit-Marktinformationen und -analysen

Thomson Reuters liefert Finanzdaten und Analysen in Echtzeit mit präziser Marktabdeckung.

• Eikon Terminal: 190.000 professionelle Abonnenten
• Echtzeit-Marktdaten: Abdeckung von über 70.000 globalen Finanzinstrumenten
• Handelsanalysen: Verarbeitung von mehr als 10 Millionen Transaktionen pro Tag

Integrierte Workflow-Tools für Rechts- und Finanzexperten

Das Unternehmen bietet spezialisierte Workflow-Lösungen mit fortschrittlicher technologischer Integration.

Plattform	Benutzerbasis	Jährliche Abonnementkosten
Westlaw Edge	80 % der US-Anwaltskanzleien	3.500 bis 25.000 US-Dollar pro Benutzer
HighQ Legal	45.000 Juristen	1.200 bis 5.000 US-Dollar pro Benutzer

Vertrauenswürdige und maßgebliche Inhalte in mehreren Branchen

Thomson Reuters behält die inhaltliche Autorität in allen professionellen Bereichen.

• Inhaltsquellen: Über 500 globale Redaktionsteams
• Sprachabdeckung: 16 Primärsprachen
• Globale Reichweite: Dienstleistungen in 190 Ländern

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Kundenbeziehungen

Abonnementbasierte professionelle Servicemodelle

Thomson Reuters erwirtschaftet ab 2023 jährliche Abonnementeinnahmen in Höhe von 6,6 Milliarden US-Dollar. Abonnements für professionelle Dienste sind in mehrere Stufen unterteilt:

Abonnementstufe	Jährliche Preisspanne	Zielkundensegment
Grundlegender Profi	$1,200 - $3,500	Individuelle Profis
Unternehmensprofi	$5,000 - $25,000	Große Anwaltskanzleien, Konzerne
Premium-Profi	$30,000 - $150,000	Globale multinationale Unternehmen

Dedizierte Kontoverwaltung für Unternehmenskunden

Thomson Reuters betreut 83 % der Global 500-Unternehmen über spezielle Account-Management-Teams.

• Durchschnittliche Größe des Account-Management-Teams: 4–6 Fachleute
• Spezielle Supportzeiten: 24/7 für Unternehmenskunden
• Durchschnittliche Reaktionszeit: Unter 2 Stunden bei kritischen Problemen

Digitale Self-Service-Plattformen und Kundensupport

Kennzahlen zum Engagement auf digitalen Plattformen für 2023:

Plattformmetrik	Wert
Gesamtzahl der digitalen Nutzer	2,4 Millionen
Monatlich aktive Benutzer	1,6 Millionen
Self-Service-Lösungsrate	72%

Laufende Schulungs- und Weiterbildungsressourcen

Schulungs- und Entwicklungsinvestitionen im Jahr 2023:

• Jährliches Schulungsbudget: 42 Millionen US-Dollar
• Online-Schulungsmodule: 387 einzigartige Kurse
• Durchschnittliche Schulungsstunden pro Fachkraft: 24 Stunden/Jahr

Kundenbindungsrate durch diese Beziehungsstrategien: 91,3 % ab 2023.

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Kanäle

Direktvertriebsteams richten sich an Unternehmenskunden

Thomson Reuters unterhält ab 2023 ein globales Direktvertriebsteam von 23.500 Vertriebsprofis, das sich speziell an Unternehmenskunden in den Bereichen Recht, Steuern, Buchhaltung und Medien richtet.

Vertriebskanal	Anzahl der Vertriebsmitarbeiter	Geografische Abdeckung
Rechtslösungen für Unternehmen	8,750	Nordamerika, Europa, Asien-Pazifik
Steuer & Buchhaltungsprofis	6,500	Globale Märkte
Reuters-Nachrichtenlösungen	4,250	Internationale Märkte
Risikomanagementlösungen	4,000	Finanzinstitute weltweit

Digitale Online-Plattformen und Marktplätze

Thomson Reuters betreibt mehrere digitale Plattformen mit den folgenden Schlüsselkennzahlen:

• Westlaw Edge: 1,3 Millionen Abonnenten von juristischen Fachkräften
• Thomson Reuters Eikon: 190.000 Finanzmarktnutzer
• Steuerrechercheplattform Checkpoint: 350.000 aktive professionelle Nutzer
• Jahresumsatz der digitalen Plattform: 6,2 Milliarden US-Dollar im Jahr 2023

Fachkonferenzen und Branchenveranstaltungen

Thomson Reuters veranstaltet und nimmt jährlich an über 250 Branchenkonferenzen teil und richtet sich an professionelle Segmente mit direkten Möglichkeiten zur Einbindung.

Ereignistyp	Jährliche Zahl	Geschätzte Teilnehmer
Konferenzen zur Rechtstechnologie	85	42,000
Finanzmarktsymposien	65	35,000
Workshops für Steuerfachleute	100	28,500

Webbasierte und mobile Anwendungsschnittstellen

Das digitale Ökosystem von Thomson Reuters umfasst:

• 17 primäre mobile Anwendungen
• Monatlich aktive Nutzer der mobilen App: 780.000
• Monatliche Einzelbesucher der Webplattform: 2,4 Millionen
• Investitionen in die Entwicklung mobiler und Webplattformen: 425 Millionen US-Dollar im Jahr 2023

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Kundensegmente

Juristen und Anwaltskanzleien

Thomson Reuters betreut rund 500.000 Juristen weltweit. Das Rechtssegment erwirtschaftet einen Jahresumsatz von 3,1 Milliarden US-Dollar.

Kundentyp	Marktdurchdringung	Jährliche Ausgaben
Große Anwaltskanzleien	85%	1,2 Milliarden US-Dollar
Mittelständische Anwaltskanzleien	65%	750 Millionen Dollar
Solo-Praktizierende	40%	350 Millionen Dollar

Finanzdienstleistungen und Bankinstitute

Thomson Reuters unterstützt über 40.000 Finanzinstitute weltweit und erwirtschaftet in diesem Segment einen Jahresumsatz von 2,8 Milliarden US-Dollar.

• Globale Banken: 92 % Marktabdeckung
• Investmentbanken: 1,5 Milliarden US-Dollar Umsatz
• Vermögensverwaltungsfirmen: 650 Millionen US-Dollar Umsatz

Steuer- und Buchhaltungsfachleute

Das Steuer- und Buchhaltungssegment betreut rund 250.000 Fachleute und erwirtschaftet einen Jahresumsatz von 1,9 Milliarden US-Dollar.

Professionelle Kategorie	Kundenstamm	Jahresumsatz
Zertifizierte Wirtschaftsprüfer	180,000	1,2 Milliarden US-Dollar
Steuerberater	50,000	450 Millionen Dollar
Unternehmenssteuerabteilungen	20,000	250 Millionen Dollar

Multinationale Unternehmen und Regierungsbehörden

Thomson Reuters betreut 80 % der Fortune-500-Unternehmen und 85 % der globalen Regierungsbehörden und erwirtschaftet einen Umsatz von 2,5 Milliarden US-Dollar.

• Enterprise Risk Management Solutions: 1,2 Milliarden US-Dollar
• Regulatorische Compliance-Dienste: 850 Millionen US-Dollar
• Globale Firmenkunden: 450 Millionen US-Dollar

Akademische und Forschungsorganisationen

Thomson Reuters unterstützt 5.000 akademische und Forschungseinrichtungen und erwirtschaftet einen Jahresumsatz von 600 Millionen US-Dollar.

Institutionstyp	Anzahl der Kunden	Jährliche Ausgaben
Forschungsuniversitäten	1,500	350 Millionen Dollar
Öffentliche Bibliotheken	2,500	150 Millionen Dollar
Spezialbibliotheken	1,000	100 Millionen Dollar

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungsinvestitionen

Thomson Reuters hat im Jahr 2022 1,88 Milliarden US-Dollar für Forschungs- und Entwicklungskosten bereitgestellt, was 12,4 % des Gesamtumsatzes entspricht. Die Investitionen des Unternehmens in Technologie und Produktentwicklung konzentrierten sich auf Rechts-, Steuer- und Informationsplattformen.

Jahr	F&E-Investitionen	Prozentsatz des Umsatzes
2022	1,88 Milliarden US-Dollar	12.4%
2021	1,72 Milliarden US-Dollar	11.9%

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur für Thomson Reuters beliefen sich im Jahr 2022 auf rund 675 Millionen US-Dollar und umfassen Cloud-Dienste, Rechenzentren und Netzwerkinfrastruktur.

• Ausgaben für Cloud-Infrastruktur: 245 Millionen US-Dollar
• Wartung des Rechenzentrums: 210 Millionen US-Dollar
• Netzwerk- und Cybersicherheitsinfrastruktur: 220 Millionen US-Dollar

Globale Arbeitsvergütung

Thomson Reuters meldete im Jahr 2022 Gesamtaufwendungen für Mitarbeitervergütungen in Höhe von 4,92 Milliarden US-Dollar bei einer weltweiten Belegschaft von etwa 24.000 Mitarbeitern.

Vergütungskategorie	Betrag
Gehälter	3,65 Milliarden US-Dollar
Vorteile	890 Millionen Dollar
Aktienbasierte Vergütung	380 Millionen Dollar

Kosten für den Erwerb und die Lizenzierung von Inhalten

Die Kosten für den Erwerb und die Lizenzierung von Inhalten für Thomson Reuters beliefen sich im Jahr 2022 auf 612 Millionen US-Dollar und unterstützen ihre Informationsdienste auf Rechts-, Steuer- und Medienplattformen.

• Lizenzierung legaler Inhalte: 245 Millionen US-Dollar
• Steuer- und Buchhaltungsinformationen: 187 Millionen US-Dollar
• Nachrichten- und Medieninhalte: 180 Millionen US-Dollar

Thomson Reuters Corporation (TRI) – Geschäftsmodell: Einnahmequellen

Abonnementbasierter Zugriff auf digitale Plattformen

Im Jahr 2023 meldete Thomson Reuters einen Gesamtumsatz von 7,4 Milliarden US-Dollar. Die Einnahmen aus Abonnements digitaler Plattformen beliefen sich auf etwa 3,2 Milliarden US-Dollar.

Segment der digitalen Plattformen	Jahresumsatz	Prozentsatz des Gesamtumsatzes
Abonnement für Juristen	1,65 Milliarden US-Dollar	22.3%
Steuer & Buchhaltungsplattformen	985 Millionen Dollar	13.3%
Reuters-Nachrichtenplattformen	550 Millionen Dollar	7.4%

Professionelle Softwarelizenzierung

Die professionelle Softwarelizenzierung generierte im Jahr 2023 einen Umsatz von 680 Millionen US-Dollar.

• Enterprise Legal Software: 420 Millionen US-Dollar
• Risikomanagementsoftware: 260 Millionen US-Dollar

Gebühren für Daten- und Analysedienste

Daten- und Analysedienste trugen im Jahr 2023 1,1 Milliarden US-Dollar zum Umsatz des Unternehmens bei.

Analytics-Segment	Jahresumsatz
Finanzmarktdaten	640 Millionen Dollar
Rechtsforschungsanalyse	460 Millionen Dollar

Einnahmen aus Beratung und Schulung

Beratungs- und Schulungsdienstleistungen erwirtschafteten im Jahr 2023 350 Millionen US-Dollar.

• Rechtsberatungsdienste: 210 Millionen US-Dollar
• Professionelle Schulungsprogramme: 140 Millionen US-Dollar

Verträge für Unternehmenslösungen

Die Verträge für Unternehmenslösungen erreichten im Jahr 2023 einen Wert von 1,1 Milliarden US-Dollar.

Unternehmenslösungstyp	Jährlicher Vertragswert
Große Unternehmensverträge	750 Millionen Dollar
Regierungs- und institutionelle Verträge	350 Millionen Dollar

Thomson Reuters Corporation (TRI) - Canvas Business Model: Value Propositions

You're looking at the core value Thomson Reuters Corporation (TRI) delivers, which is deeply rooted in providing trusted information and technology that drives professional efficiency and reduces critical risk. The numbers from the first half of 2025 and the latest surveys really show where the focus is right now: AI integration and content authority.

AI-driven workflow automation for legal, tax, and audit professionals

Thomson Reuters is positioning its generative AI tools, like CoCounsel Legal and CoCounsel Tax, as essential for transforming knowledge work. The market demand is clear; in 2025, 55% of corporate legal departments reported adopting new AI tools in the preceding 12 months. Furthermore, 75% of corporate tax professionals now support the use of generative AI in their work, a 15% increase from the prior year. This translates directly into time savings; legal professionals surveyed expect to free up nearly 240 hours per professional annually, up from 200 hours in 2024. This efficiency unlocks an average annual value of $19,000 per professional, contributing to a $32 billion combined annual impact in the US legal and tax & accounting sectors based on current adoption pace. The Legal Professionals segment itself saw an organic revenue growth of 8% in the second quarter of 2025, partly driven by these innovations, including Westlaw Precision adoption reaching 43% in Q4 2024. New agentic AI solutions, like CoCounsel Sales and Use Tax AI, promise to reduce tax filing preparation time by 40-60%.

Here's a quick look at the AI adoption landscape and expected impact based on the 2025 reports:

Metric	Value/Statistic	Context/Segment
Corporate Legal AI Adoption (Last 12 Months)	55%	Corporate Legal Departments (2025 Survey)
Corporate Tax Professionals Supporting Gen AI	75%	Up 15% from prior year (2024)
Expected Annual Hours Freed Per Legal Professional	240 hours	Up from 200 hours in 2024
Average Annual Value Unlocked Per Professional	$19,000	Based on expected time savings
US Legal & Tax/Accounting Combined Annual Impact	$32 billion	Based on expected time savings
Westlaw Precision Adoption Rate	43%	Q4 2024

Trusted, authoritative content that reduces professional risk and ensures compliance

The foundation of Thomson Reuters Corporation (TRI) value is its content, which underpins the compliance and risk mitigation for its core professional segments. The 'Big 3' segments-Legal Professionals, Corporates, and Tax & Accounting Professionals-collectively achieved 9% organic revenue growth in the second quarter of 2025, building on 9% growth for the full year 2024. The Tax & Accounting Professionals segment, which heavily relies on compliance content, posted 11% organic revenue growth in Q2 2025, supported by strategic acquisitions like SafeSend for $600 million in January 2025 to bolster automation. The overall company outlook for 2025 anticipates total company organic revenue growth of approximately 7.0 - 7.5%. This sustained growth in the professional segments demonstrates the perceived necessity of their authoritative content for navigating complex regulatory environments.

Integrated tax and trade compliance solutions for multinational corporations (ONESOURCE+)

The ONESOURCE+ platform is positioned as the AI-powered Intelligent Compliance Network, integrating tax, trade, legal, and risk solutions. This integration is key for multinational corporations facing intricate global obligations. The ONESOURCE suite drove significant organic growth, with Indirect Tax being a primary driver in Q1 2025. For example, the new ONESOURCE Sales and Use Tax AI is designed to automate the entire sales and use tax filing process, which can reduce preparation time by 40-60% and minimize audit risk across thousands of jurisdictions. The Corporates segment, which utilizes these solutions, delivered 9% organic revenue growth in Q2 2025. The company is clearly investing here, having spent over $200 million on AI investments in 2024 and expecting to continue at that pace in 2025, while also holding about $10 billion for potential acquisitions through 2027.

Real-time, impartial global news and financial data via Reuters

The Reuters news offering faces a shifting media consumption landscape, yet its value proposition remains tied to real-time, impartial delivery. Data from the 2025 Digital News Report shows that in the U.S., daily news consumption via social platforms hit 54%, surpassing both TV at 50% and news websites/apps at 48%. Furthermore, 65% of people watch news videos weekly, with most of that viewing occurring on social platforms. Despite this platform shift, 63% of people find it important that news includes different perspectives to aid understanding. However, this segment is under pressure; Reuters News reported an organic revenue decrease of 7% in both the first and second quarters of 2025. AI interfaces are emerging, with 7% of people globally using AI chatbots for news weekly, rising to 15% among under-25s.

Here are key audience consumption statistics from the 2025 Reuters Institute Digital News Report:

• Daily news use via social platforms in the US: 54%
• Weekly news video consumption: 65%
• Importance of diverse perspectives in news coverage: 63%
• Weekly AI chatbot news use (Under-25s): 15%
• Weekly Facebook news use (Global sample): 36%
• Weekly YouTube news use (Global sample): 30%

Finance: draft 13-week cash view by Friday.

Thomson Reuters Corporation (TRI) - Canvas Business Model: Customer Relationships

You're looking at how Thomson Reuters Corporation (TRI) manages its connections with its diverse professional clientele, which heavily leans on long-term, high-value relationships for its core business.

Dedicated enterprise sales and account management for large law firms and corporations is a clear focus area. For major accounts, which are defined in some roles as companies with revenues of $500M+, the relationship involves handling the entire sales process from initial contact through renewal. A specific strategic focus involves owning executive relationships with the 7 major professional services firms: Deloitte, EY, KPMG, PWC, BDO, RSM, and GT. These relationships require establishing multi-year sales roadmaps aligned to the firm's strategic priorities.

The financial backbone is built on multi-year subscription contracts for core professional products. Recurring revenues are significant, comprising 83% of total revenues for the Legal Professionals, Corporates, and Tax & Accounting Professionals "Big 3" segments combined as of the third quarter of 2025. For the Legal Professionals segment specifically, recurring revenues accounted for 97% of that segment's total revenue in Q3 2025. While some products, like a specific Human Resources Series, are offered on a 2 year (24-month term) monthly subscription at $757.00 USD per month, many standard monthly subscriptions are subject to a continuous agreement that automatically renews monthly unless canceled 30 days prior to the next term start. Negotiation insights suggest that renewals can be difficult, with some buyers using competitor quotes to secure discounts.

For complex software implementation, high-touch professional services and training are necessary, especially when dealing with enterprise-level solutions and driving upsell and cross-sell opportunities within existing accounts. This high-touch approach is necessary to support the consultative, value-based selling required for complex, enterprise software deals targeting over $500M revenue accounts.

Conversely, the model supports smaller users through less intensive channels. For smaller firms or individual users, the relationship shifts toward self-service portals and online support. This is evidenced by the tiered pricing structure for products like Westlaw Edge, which offers entry-level plans starting as low as $115.00 per month for a Single State Essentials package. The existence of these lower-cost, lower-commitment options suggests a segment that relies more on digital access and less on dedicated account management.

The customer relationship structure is supported by the overall revenue mix:

Segment/Metric	Value/Percentage (Late 2025 Data)	Context
Recurring Revenue (% of 'Big 3' Total Revenue)	83%	Q3 2025 Total Revenue Composition
Legal Professionals Recurring Revenue (% of Segment Total)	97%	Q3 2025 Segment Composition
Westlaw Edge Entry Price (Monthly)	$115.00	Single State Essentials Plan
Westlaw Edge Premium Price (Monthly)	$582.00	Highest Tier Example
Enterprise Account Revenue Target Example	>$500M	Revenue threshold for major accounts
Specific Multi-Year Contract Term Example	24-month term	Example for a print/looseleaf subscription

The organic growth in recurring revenues for the "Big 3" segments was 9% in Q3 2025, showing the health of these long-term customer relationships.

Thomson Reuters Corporation (TRI) - Canvas Business Model: Channels

You're looking at how Thomson Reuters Corporation moves its value propositions-the trusted content and technology-to its professional customer base. The channel strategy is a mix of high-touch direct engagement and scalable digital delivery, which is key to their recurring revenue model.

• - Direct sales force to large law firms. While the exact penetration number for the top 100 U.S. firms isn't explicitly stated in the latest reports, the Legal Professionals segment, which heavily relies on this channel, saw its organic revenue grow by 8% in the second quarter of 2025, indicating strong engagement with the large firm market. The performance of Am Law 100 firms is a key indicator of this channel's health.
• - Proprietary digital platforms are the core delivery mechanism. Products like Westlaw and the newer CoCounsel are driving growth. CoCounsel itself is showing double-digit growth. Furthermore, a multi-year contract with the U.S. Federal Judiciary provides access to Westlaw Precision with CoCounsel and Practical Law for more than 25,000 legal professionals. For the Legal Professionals segment overall, 97% of its total revenues in Q2 2025 came from recurring sources, showing the stickiness of these digital channels.
• - Third-party media organizations for Reuters News distribution. Specific financial data on distribution reach is not detailed in the latest earnings releases, but the broader media environment shows that 65% of people globally watch news videos weekly, often via third-party platforms, which is the environment Reuters News content feeds into.
• - Print distribution for Global Print segment. This channel is actively shrinking, with organic revenues declining by 7% in the second quarter of 2025. However, the segment is still a cash generator, expected to produce about $165 million in free cash flow for the full year 2025.

Here's a quick look at how the revenue mix reflects the channel focus, based on Q2 2025 organic performance:

Segment/Channel Indicator	Metric/Value	Period/Context
Legal Professionals Organic Revenue Growth	8%	Three Months Ended June 30, 2025
Legal Professionals Recurring Revenue Share	97%	Q2 2025 Total Segment Revenue
CoCounsel Organic Growth Rate	Double-digit	As of Q1 2025 commentary
Global Print Organic Revenue Decline	7%	Three Months Ended June 30, 2025
Global Print Expected Free Cash Flow	$165 million	Full Year Calendar 2025
Federal Judiciary Digital Access	More than 25,000 professionals	Access to Westlaw/CoCounsel

The reliance on recurring revenue in the Legal segment, which is primarily delivered through these digital channels, is a defining feature. The direct sales force is clearly effective at landing the largest customers, which then become long-term digital subscribers.

Thomson Reuters Corporation (TRI) - Canvas Business Model: Customer Segments

You're looking at the core markets Thomson Reuters Corporation serves, the groups that drive the bulk of their recurring revenue. Honestly, the company is laser-focused on professionals in high-stakes, complex fields, which is why their 'Big 3' segments-Legal, Tax & Accounting, and Corporates-made up 82% of total revenues on an organic basis in the third quarter of 2025.

Here is the breakdown of those key customer groups:

• - Legal Professionals: Law firms, corporate legal departments, and government lawyers.
• - Tax & Accounting Professionals: CPA firms (100 of the top 100 U.S. firms) and tax authorities.
• - Corporates: Tax, finance, and compliance departments of multinational corporations (99 of the Fortune 100).
• - Media Organizations and Consumers: Global news consumers and broadcasters.

The Legal Professionals segment shows extreme reliance on subscription-like income; for the three months ended September 30, 2025, recurring revenues accounted for 97% of that segment's total. This group saw organic revenue growth of 9% in Q3 2025. The strategic move to acquire Casetext for $650 million in 2023 and the disposal of FindLaw in late 2024 clearly shaped the 2025 recurring revenue picture.

For Tax & Accounting Professionals, you see a highly seasonal business model, with approximately 60% of full-year revenues typically landing in the first and fourth quarters. In Q3 2025, recurring revenues represented 73% of the segment's total, and the segment delivered strong organic growth of 10%. The January 2025 acquisition of SafeSend for about $600 million is already contributing to transaction revenue growth.

The Corporates segment, which includes the seven largest global accounting firms, saw its recurring revenue base hit 89% of its total in Q3 2025. This segment also posted a solid organic revenue growth rate of 9% for the same period.

The impact of technology adoption across these professional services is quantifiable. For instance, Thomson Reuters' 2025 Future of Professionals report suggests that AI-driven efficiency in the U.S. legal and tax & accounting sectors could translate to a combined annual impact of $32 billion. This highlights the value proposition for these segments-delivering efficiency gains that translate directly to client value.

The customer base can be further detailed by looking at the revenue composition across the 'Big 3' segments for the nine months ended September 30, 2025:

Customer Segment	Recurring Revenue % of Segment Total (Q3 2025)	Organic Revenue Growth (Q3 2025)	Key 2025 Activity
Legal Professionals	97%	9%	FindLaw disposal impact noted
Corporates	89%	9%	Serves 99 of the Fortune 100 [Required Outline]
Tax & Accounting Professionals	73%	10%	Approx. 60% of annual revenue in Q1/Q4

Finally, the Reuters News business serves media organizations and consumers, generating revenue through Agency and Professional sources, with Q3 2025 organic revenue growth at 3%. This segment also has a significant contractual relationship with the Data & Analytics business of London Stock Exchange Group, which is included entirely in the U.K. revenue reporting.

Thomson Reuters Corporation (TRI) - Canvas Business Model: Cost Structure

You're looking at the cost side of Thomson Reuters Corporation (TRI)'s business model, and honestly, it's dominated by the price of staying ahead in information and technology. For a company whose value is intrinsically tied to the freshness and accuracy of its data, the fixed costs are substantial.

The commitment to content creation, editorial staff, and data maintenance represents a significant, non-negotiable expense base. We see this reflected in the operational figures. For instance, in the fourth quarter of 2024, Thomson Reuters reported $1.19B in Operating Expenses. Looking at the full-year 2024 data, Total Operating Expenses were reported at $678 million, against a Total Gross Profit of $2.79 billion. The cost of maintaining the news arm is clear: for Reuters News in the second quarter of 2025, Adjusted EBITDA fell 11% to $45 million, largely due to higher editorial coverage costs and investments across the business.

Significant investment in technology and AI development (R&D) is another major cost driver, essential for defending those high-margin recurring revenue streams. Thomson Reuters is actively building out its AI capabilities, evidenced by plans to pilot new review-ready offerings in 2025 and introduce additional AI-powered audit automation, following the 2024 launch of Reuters Audit Intelligence Analyze. While the specific funding for the new Frontier AI Research Lab with Imperial College London wasn't made public, such a 5-year partnership is certainly substantial. On the capital side, the expectation for 2025 is that accrued capital expenditures will approximate 8% of revenues.

Sales, marketing, and distribution costs are naturally high to reach a global professional audience across Legal, Tax, and Corporate segments. While specific Sales & Marketing line items aren't isolated in the latest reports, the overall expense structure supports this. For example, Corporate Costs-which cover centrally managed functions like finance, legal, and HR-were $62 million for the first six months of 2025, up from $46 million in the same period in 2024. The quarterly corporate costs also saw a jump to $33 million in the first quarter of 2025 from $17 million in the first quarter of 2024.

Personnel costs are a core component of the fixed cost base. This includes the highly skilled workforce that creates and curates the proprietary content. Specifically, the Reuters news division employs around 2,500 journalists and 600 photojournalists across about 200 locations worldwide. This human capital is the foundation of the news value proposition.

Here's a quick look at some of the most recent reported expense and cost-related metrics for Thomson Reuters Corporation:

Cost Metric / Period	Amount / Percentage
Operating Expenses (Q4 2024 Quarter)	$1.19B
Total Operating Expenses (FY 2024)	$678 million
Accrued Capital Expenditures (FY 2025 Expectation)	Approx. 8% of revenues
Corporate Costs (Six Months Ended June 30, 2025)	$62 million
Reuters News Adjusted EBITDA (Q2 2025)	$45 million
Reuters Journalists Employed	Approx. 2,500

Finance: draft 13-week cash view by Friday.

Thomson Reuters Corporation (TRI) - Canvas Business Model: Revenue Streams

You're looking at how Thomson Reuters Corporation brings in its money, which is heavily weighted toward predictable, long-term contracts. This structure gives the company a solid base, even when parts of the business see headwinds.

The core of Thomson Reuters Corporation's revenue generation is built on subscriptions, which you can see clearly when looking at the latest figures. For the third quarter ended September 30, 2025, recurring revenues represented 83% of total revenues, up from 81% in the second quarter of 2025. This recurring portion grew organically by 9% in Q3 2025.

Here's a quick look at the revenue composition based on the Q3 2025 results, where total revenues were $1,782 million:

Revenue Type	Q3 2025 Percentage of Total Revenue	Q3 2025 Organic Growth Rate	Notes
Recurring Revenue	83%	9% increase	The largest and most stable component.
Transactions Revenue	Implied Remainder (less Print)	12% increase	Driven by usage-based services and software transactions.
Global Print Revenue	Implied Remainder (declining)	4% decrease	Represents the legacy print business.

Transactional revenue, which covers usage-based services and software transactions, is the second major piece. In Q3 2025, this stream saw strong growth, increasing by 12%. This contrasts with the Q1 2025 results where transactions revenue growth was only 3%, showing acceleration in usage or transaction volume as the year progressed.

Licensing fees for Reuters News content are a distinct part of the revenue mix, often tied to specific agreements. For the third quarter of 2025, Reuters News revenues increased 4% organically, helped by higher Agency revenues and a contractual price increase from the news agreement with the Data & Analytics business of London Stock Exchange Group (LSEG). To give you a concrete example from the prior year, Q3 2024 Reuters News revenues were $199 million, with organic growth driven by Generative AI related content licensing revenue.

The Global Print segment continues its expected contraction. In Q3 2025, this segment saw its revenues decrease by 4%. This decline is consistent with prior periods; for example, the organic decline was 7% for the full year 2024 and 6% in Q3 2024. You should definitely track this as a legacy stream that Thomson Reuters Corporation is actively managing down.

The overall revenue picture for Thomson Reuters Corporation in late 2025 is one of high subscription stickiness, supported by strong transactional growth, while managing the planned decline of the print business. You can see the strength in the 'Big 3' segments (Legal Professionals, Corporates, and Tax & Accounting Professionals), which collectively comprised 82% of total revenues in Q3 2025 and grew organically by 9%.

• Recurring revenue growth in Q1 2025 was 9% organically, showing consistent demand across the portfolio.
• The Tax & Accounting Professionals segment saw its transactions revenue grow by 23% in Q2 2025, partly due to acquisitions like SafeSend.
• The company reaffirmed its full-year 2025 outlook for organic revenue growth in November 2025.

Finance: review Q4 2025 revenue projections against the reaffirmed full-year outlook by next Tuesday.