Thomson Reuters Corporation (TRI) Business Model Canvas

Thomson Reuters Corporation (TRI): Modelo de negócios Canvas [Jan-2025 Atualizado]

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Thomson Reuters Corporation (TRI) Business Model Canvas

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No cenário dinâmico dos Serviços Globais de Informação, a Thomson Reuters Corporation (TRI) surge como uma potência da inteligência profissional, a tecnologia, dados e conhecimentos sem problemas em vários setores. Com um modelo de negócios sofisticado que transcende a entrega tradicional de informações, a TRI se posicionou estrategicamente como um parceiro indispensável para profissionais legais, financeiros e acadêmicos em todo o mundo. Ao alavancar a tecnologia de ponta, extensos repositórios de dados e uma compreensão diferenciada das necessidades profissionais de fluxo de trabalho, a Thomson Reuters transformou os ecossistemas complexos de informação em informações acionáveis ​​e simplificadas que impulsionam a tomada de decisão e a excelência operacional.


Thomson Reuters Corporation (TRI) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com provedores de software jurídicos, tributários e contábeis

A Thomson Reuters mantém parcerias estratégicas com os principais provedores de software nos setores de tecnologia jurídica e financeira:

Parceiro Foco em parceria Ano estabelecido
Microsoft Integração da infraestrutura em nuvem 2018
Salesforce Gerenciamento de relacionamento com o cliente 2019
SEIVA Enterprise Software Solutions 2017

Colaboração com instituições financeiras globais e organizações de mídia

Thomson Reuters colabora com várias entidades financeiras e de mídia:

  • Bloomberg LP - Troca de dados financeiros
  • S&P Global - Compartilhamento de Inteligência de Mercado
  • NASDAQ - Dados de mercado e integração de tecnologia
  • Times financeiros - colaboração de conteúdo e pesquisa

Parcerias com instituições acadêmicas e de pesquisa

Instituição Foco na pesquisa Valor da parceria
Escola de Direito de Harvard Pesquisa e tecnologia legais Investimento anual de US $ 2,5 milhões
Mit Pesquisa de AI e aprendizado de máquina Colaboração anual de US $ 3,1 milhões
Universidade de Stanford Ciência e Analítica de Dados Grant de pesquisa de US $ 1,8 milhão

Integradores de tecnologia e provedores de serviços em nuvem

Thomson Reuters faz parceria com os principais provedores de serviços de tecnologia e em nuvem:

  • Amazon Web Services (AWS) - Infraestrutura em nuvem
  • Plataforma do Google Cloud - Analytics de dados e armazenamento
  • IBM - Enterprise Technology Solutions
  • Oracle - Integração de Software Oracle - Banco de Dados e Enterprise

Investimento total de parceria em 2023: US $ 87,4 milhões


Thomson Reuters Corporation (TRI) - Modelo de negócios: Atividades -chave

Desenvolvendo e mantendo plataformas de informações profissionais

A Thomson Reuters opera várias plataformas de informações profissionais com os seguintes detalhes importantes:

Plataforma Investimento anual Base de usuários
Westlaw Edge US $ 425 milhões 90% dos 200 melhores escritórios de advocacia
Refinitiv Eikon US $ 385 milhões 40.000 profissionais financeiros
Imposto & Plataforma de contabilidade US $ 265 milhões 85% dos departamentos fiscais da Fortune 500

Serviços de agregação e análise de dados

Os principais recursos de agregação de dados incluem:

  • Processamento de dados do mercado financeiro em tempo real: 500 milhões de+ pontos de dados diariamente
  • Banco de dados de pesquisa jurídica: 45 milhões+ documentos legais
  • Agregação global de notícias: mais de 600.000 fontes de notícias

Desenvolvimento de software para profissionais legais e financeiros

Investimentos e métricas de desenvolvimento de software:

Categoria de software Gasto anual de P&D Tamanho da equipe de desenvolvimento
Tecnologia jurídica US $ 612 milhões 1.850 desenvolvedores
Software financeiro US $ 524 milhões 1.600 desenvolvedores
Imposto & Software de contabilidade US $ 276 milhões 750 desenvolvedores

Criação de conteúdo e curadoria em vários domínios

Métricas de geração de conteúdo:

  • Produção anual de conteúdo: 2,3 milhões de artigos+ artigos
  • Equipe editorial global: 3.200 profissionais
  • Idiomas cobertos: mais de 35 idiomas

Thomson Reuters Corporation (TRI) - Modelo de negócios: Recursos -chave

Extensos repositórios de informações e dados globais

Volume total de dados: 150 Petabytes de informações legais, financeiras e comerciais a partir de 2023

Categoria de dados Volume Atualizar frequência
Bancos de dados legais 45 petabytes Atualizações em tempo real
Bancos de dados financeiros 65 petabytes Atualizações por hora
Imposto & Repositórios contábeis 40 petabytes Atualizações diárias

Infraestrutura de tecnologia avançada e plataformas orientadas a IA

  • Infraestrutura de computação em nuvem: investimento anual de US $ 350 milhões
  • AI e plataformas de aprendizado de máquina: 287 Projetos ativos de IA/ML
  • Pesquisa de P&D de tecnologia anual: US $ 482 milhões em 2023

Força de trabalho altamente qualificada

Segmento da força de trabalho Número de funcionários Experiência média
Profissionais de pesquisa 3,650 12,5 anos
Especialistas em tecnologia 2,890 9,7 anos
Cientistas de dados 1,240 7,3 anos

Propriedade intelectual e bancos de dados proprietários

Ativos de propriedade intelectual total: 1.237 patentes registradas

  • Cobertura de banco de dados proprietária: 99,8% de mercados financeiros globais
  • Repositórios de conteúdo exclusivos: 672 bancos de dados especializados
  • Investimento anual de IP: US $ 215 milhões

Thomson Reuters Corporation (TRI) - Modelo de negócios: proposições de valor

Soluções de informação profissional abrangente

A Thomson Reuters fornece soluções de informações profissionais com uma receita de US $ 6,7 bilhões em 2023. A empresa oferece plataformas especializadas em vários setores profissionais.

Segmento Receita anual Quota de mercado
Profissionais do direito US $ 2,8 bilhões 42% de participação de mercado global
Imposto & Profissionais de contabilidade US $ 1,5 bilhão 35% de participação de mercado global
Notícias da Reuters & Mídia US $ 1,4 bilhão 25% de mercado de notícias global

Inteligência de mercado e análise em tempo real

A Thomson Reuters oferece dados financeiros e análises em tempo real com cobertura precisa do mercado.

  • Terminal Eikon: 190.000 assinantes profissionais
  • Dados de mercado em tempo real: cobertura de mais de 70.000 instrumentos financeiros globais
  • Análise de negociação: Processando 10 milhões de transações diárias diariamente

Ferramentas de fluxo de trabalho integradas para profissionais legais e financeiros

A empresa fornece soluções especializadas de fluxo de trabalho com integração tecnológica avançada.

Plataforma Base de usuários Custo anual de assinatura
Westlaw Edge 80% dos escritórios de advocacia dos EUA $ 3.500 - US $ 25.000 por usuário
HighQ Legal 45.000 profissionais do direito US $ 1.200 - US $ 5.000 por usuário

Conteúdo confiável e autoritário em vários setores

A Thomson Reuters mantém a autoridade de conteúdo entre domínios profissionais.

  • Fontes de conteúdo: mais de 500 equipes editoriais globais
  • Cobertura do idioma: 16 idiomas primários
  • Alcance global: serviços em 190 países

Thomson Reuters Corporation (TRI) - Modelo de Negócios: Relacionamentos do Cliente

Modelos de serviço profissional baseado em assinatura

A Thomson Reuters gera US $ 6,6 bilhões em receitas anuais de assinatura em 2023. As assinaturas de serviços profissionais são estruturadas em vários níveis:

Camada de assinatura Faixa de preço anual Segmento de cliente -alvo
Profissional básico $1,200 - $3,500 Profissionais individuais
Enterprise Professional $5,000 - $25,000 Grandes escritórios de advocacia, corporações
Profissional Premium $30,000 - $150,000 Corporações multinacionais globais

Gerenciamento de conta dedicado para clientes corporativos

A Thomson Reuters atende a 83% das 500 empresas globais por meio de equipes de gerenciamento de contas dedicadas.

  • Tamanho médio da equipe de gerenciamento de contas: 4-6 profissionais
  • Horário de suporte dedicado: 24/7 para clientes corporativos
  • Tempo médio de resposta: menos de 2 horas para questões críticas

Auto-serviço plataformas digitais e suporte ao cliente

Métricas de engajamento da plataforma digital para 2023:

Métrica da plataforma Valor
Total de usuários digitais 2,4 milhões
Usuários ativos mensais 1,6 milhão
Taxa de resolução de autoatendimento 72%

Recursos em andamento de treinamento e desenvolvimento profissional

Investimento de treinamento e desenvolvimento em 2023:

  • Orçamento de treinamento anual: US $ 42 milhões
  • Módulos de treinamento on -line: 387 cursos únicos
  • Horário médio de treinamento por profissional: 24 horas/ano

Taxa de retenção de clientes através dessas estratégias de relacionamento: 91,3% a partir de 2023.


Thomson Reuters Corporation (TRI) - Modelo de Negócios: Canais

Equipes de vendas diretas direcionando clientes corporativos

A Thomson Reuters mantém uma força de vendas direta global de 23.500 profissionais de vendas a partir de 2023, direcionando especificamente os clientes em nível de empresa nos mercados legais, tributários, contábeis e de mídia.

Canal de vendas Número de representantes de vendas Cobertura geográfica
Soluções legais corporativas 8,750 América do Norte, Europa, Ásia-Pacífico
Imposto & Profissionais de contabilidade 6,500 Mercados globais
Reuters News Solutions 4,250 Mercados internacionais
Soluções de gerenciamento de riscos 4,000 Instituições financeiras em todo o mundo

Plataformas digitais on -line e mercados

A Thomson Reuters opera várias plataformas digitais com as seguintes métricas principais:

  • Westlaw Edge: 1,3 milhão de assinantes profissionais legais
  • Thomson Reuters Eikon: 190.000 usuários do mercado financeiro
  • Plataforma de pesquisa de impostos sobre pontos de verificação: 350.000 usuários profissionais ativos
  • Receita anual da plataforma digital: US $ 6,2 bilhões em 2023

Conferências profissionais e eventos da indústria

Thomson Reuters hospeda e participa de mais de 250 conferências do setor anualmente, visando segmentos profissionais com oportunidades de engajamento direto.

Tipo de evento Número anual Participantes estimados
Conferências de Tecnologia Jurídica 85 42,000
Simpósios de mercados financeiros 65 35,000
Workshops profissionais tributários 100 28,500

Interfaces de aplicativos móveis e baseados na Web

Thomson Reuters O ecossistema digital inclui:

  • 17 aplicativos móveis primários
  • Usuários ativos mensais de aplicativo móvel: 780.000
  • Visitantes exclusivos mensais da plataforma da web: 2,4 milhões
  • Investimento de desenvolvimento de plataformas móveis e web: US $ 425 milhões em 2023

Thomson Reuters Corporation (TRI) - Modelo de negócios: segmentos de clientes

Profissionais de advocacia e escritórios de advocacia

A Thomson Reuters atende a aproximadamente 500.000 profissionais do direito globalmente. O segmento legal gera US $ 3,1 bilhões em receita anual.

Tipo de cliente Penetração de mercado Gastos anuais
Grandes escritórios de advocacia 85% US $ 1,2 bilhão
Escritórios de advocacia de médio porte 65% US $ 750 milhões
Praticantes solo 40% US $ 350 milhões

Serviços financeiros e instituições bancárias

A Thomson Reuters apoia mais de 40.000 instituições financeiras em todo o mundo, gerando US $ 2,8 bilhões em receita anual a partir deste segmento.

  • Bancos globais: 92% de cobertura de mercado
  • Bancos de investimento: receita de US $ 1,5 bilhão
  • Empresas de gerenciamento de ativos: receita de US $ 650 milhões

Profissionais de impostos e contábeis

O segmento tributário e contábil atende a aproximadamente 250.000 profissionais, gerando US $ 1,9 bilhão em receita anual.

Categoria profissional Base de clientes Receita anual
Contadores públicos certificados 180,000 US $ 1,2 bilhão
Consultores fiscais 50,000 US $ 450 milhões
Departamentos de impostos corporativos 20,000 US $ 250 milhões

Corporações multinacionais e agências governamentais

A Thomson Reuters atende a 80% das empresas da Fortune 500 e 85% das agências governamentais globais, gerando US $ 2,5 bilhões em receita.

  • Enterprise Risk Management Solutions: US $ 1,2 bilhão
  • Serviços de conformidade regulatória: US $ 850 milhões
  • Clientes corporativos globais: US $ 450 milhões

Organizações acadêmicas e de pesquisa

A Thomson Reuters suporta 5.000 instituições acadêmicas e de pesquisa, gerando US $ 600 milhões em receita anual.

Tipo de instituição Número de clientes Gastos anuais
Universidades de pesquisa 1,500 US $ 350 milhões
Bibliotecas públicas 2,500 US $ 150 milhões
Bibliotecas especiais 1,000 US $ 100 milhões

Thomson Reuters Corporation (TRI) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

A Thomson Reuters alocou US $ 1,88 bilhão para despesas de pesquisa e desenvolvimento em 2022, representando 12,4% da receita total. Os investimentos em tecnologia e desenvolvimento de produtos da empresa focavam em plataformas legais, tributárias e de inteligência.

Ano Investimento em P&D Porcentagem de receita
2022 US $ 1,88 bilhão 12.4%
2021 US $ 1,72 bilhão 11.9%

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura tecnológica da Thomson Reuters totalizaram aproximadamente US $ 675 milhões em 2022, cobrindo serviços em nuvem, data centers e infraestrutura de rede.

  • Despesas de infraestrutura em nuvem: US $ 245 milhões
  • Manutenção do data center: US $ 210 milhões
  • Infraestrutura de rede e segurança cibernética: US $ 220 milhões

Compensação global da força de trabalho

A Thomson Reuters registrou despesas totais de remuneração de funcionários de US $ 4,92 bilhões em 2022, com uma força de trabalho global de aproximadamente 24.000 funcionários.

Categoria de compensação Quantia
Salários US $ 3,65 bilhões
Benefícios US $ 890 milhões
Remuneração baseada em ações US $ 380 milhões

Aquisição de conteúdo e despesas de licenciamento

Os custos de aquisição e licenciamento de conteúdo para a Thomson Reuters atingiram US $ 612 milhões em 2022, apoiando seus serviços de informação em plataformas legais, tributárias e de mídia.

  • Licenciamento de conteúdo legal: US $ 245 milhões
  • Informações tributárias e contábeis: US $ 187 milhões
  • Notícias e conteúdo da mídia: US $ 180 milhões

Thomson Reuters Corporation (TRI) - Modelo de negócios: fluxos de receita

Acesso à plataforma digital baseada em assinatura

Em 2023, a Thomson Reuters registrou receitas totais de US $ 7,4 bilhões. As receitas de assinatura da plataforma digital representaram aproximadamente US $ 3,2 bilhões.

Segmento de plataforma digital Receita anual Porcentagem da receita total
Assinatura de profissionais jurídicos US $ 1,65 bilhão 22.3%
Imposto & Plataformas contábeis US $ 985 milhões 13.3%
Plataformas de notícias da Reuters US $ 550 milhões 7.4%

Licenciamento de software profissional

O licenciamento de software profissional gerou US $ 680 milhões em receita para 2023.

  • Software legal corporativo: US $ 420 milhões
  • Software de gerenciamento de riscos: US $ 260 milhões

Taxas de serviço de dados e análises

Os serviços de dados e análises contribuíram com US $ 1,1 bilhão para a receita da empresa em 2023.

Segmento de análise Receita anual
Dados dos mercados financeiros US $ 640 milhões
Análise de pesquisa jurídica US $ 460 milhões

Receita de consultoria e treinamento

Os serviços de consultoria e treinamento geraram US $ 350 milhões em 2023.

  • Serviços de consultoria legal: US $ 210 milhões
  • Programas de treinamento profissional: US $ 140 milhões

Contratos de solução corporativa

Os contratos de solução corporativa atingiram US $ 1,1 bilhão em 2023.

Enterprise Solution Type Valor anual do contrato
Grandes contratos corporativos US $ 750 milhões
Contratos governamentais e institucionais US $ 350 milhões

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.

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