Thomson Reuters Corporation

Financial information is king and Thomson Reuters Corporation holds the crown. The company is the market leader in financial data (ahead of rival information provider Bloomberg). Thomson Reuters provides electronic information and services to businesses and professionals worldwide, serving the legal, financial services, tax and accounting, healthcare and science, and media markets. Data is primarily offered online, and to a lesser extent via CD-ROM and print formats; nearly all revenues come from subscription sales to its plethora of offerings. Thomson Reuters was created in 2008 as the result of the $16 billion cash and stock purchase of news service Reuters by information provider The Thomson Corporation.

Thomson Reuters is organized into two units, the Markets division and the Professional division; however in 2011 the company announced plans to restructure in 2012. Such plans include disbanding its two divisions in order to streamline the business and operate more efficiently.

Meanwhile, the Markets division consists of its financial and media businesses, including units devoted to its Financial Professionals & Marketplaces, Enterprise Solutions, and Media businesses. Markets is made up of established brands and products such as Reuters, OmgeoLipperTradeweb, First Call, and Datastream.

The company's Professional division includes non-financial business segments devoted to Legal, Tax & Accounting, and Intellectual Property & Science businesses. Professional operations include Thomson Reuters, Legal;  Elite (business management software); Thomson Intellectual Property & Science (technical information and applications); and Thomson Tax & Accounting (tax and accounting information, software, and services).

The Markets division accounts for more than half of Thomson Reuters revenues. Within the division, the company in 2010 grew its offerings through the launch of the Thomson Reuters Eikon platform, a flagship financial data product that directly competes with Bloomberg's financial terminals and free online information. Eikon is a desktop product that incorporates Internet-style search, display, and navigation tools. Also that year its Markets division introduced Thomson Reuters Elektron, an ultra low-latency electronic trading and data distribution platform. 

In addition to new product launches, the company has bolstered its Markets holdings through acquisitions; recent purchases include Hugin Group, a provider of regulatory and news distribution services, from NYSE Euronext, and Breakingviews, a financial commentary website.

At its Professional division, Thomson Reuters, Legal is the largest business, and accounts for nearly 30% of Thomson Reuters' revenues. In 2011 the company announced plans to divest its Healthcare business, formerly part of its Science unit. The company said the healthcare division was less integrated with its other operations, and also lacked the global scale of the rest of the business. However, later that year it put such plans on hold due to unfavorable market conditions.

Thomson Reuters added to its Professional division in 2010 with the acquisition of Round Table Group, a provider of expert witness consulting services to litigators, and Complinet, a provider of compliance information solutions. It used the Complinet acquisition to help form its new Governance, Risk and Compliance business. Also in 2010 Thomson Reuters launched WestlawNext, a new version of its flagship online legal information service. 

Thomson Reuters operates in more than 100 countries. It has US offices in New York, Massachusetts, Minnesota, and Texas; it has international offices in London and Bangalore, India. (The acquisition of Reuters significantly expanded the geographic reach of the business, with the former Thomson having earned most of its revenue from the US, while the majority of Reuters' revenue came from Europe.)

The Thomson family, through its Woodbridge investment firm, owns 55% of Thomson Reuters.

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Thomson Reuters Corporation

3 Times Square
New York, NY 10036
Phone: (646) 223-4000


  • Employer Type: Public
  • Stock Symbol: TRI
  • Stock Exchange: NYSE
  • Chairman: David Thomson
  • Deputy Chairman: W. Geoffrey Beattie
  • Deputy Chairman: Niall FitzGerald

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