Thomson Reuters (STU:TOC0) EBIT: €1,891 Mil (TTM As of Mar. 2026)


STU:TOC0 Thomson Reuters Corp STU:TOC0
70 GF Score
Price €80.26
GF Value €179.38
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Thomson Reuters EBIT?

Thomson Reuters STU:TOC0 70 EBIT is €1,891 Mil as of Mar. 2026. GuruFocus rates STU:TOC0 with a GF Score™ of 70/100 and a GF Value™ of €179.38 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Thomson Reuters's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €565 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,891 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thomson Reuters's annualized ROC % for the quarter that ended in Mar. 2026 was 11.25%. Thomson Reuters's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 749.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Thomson Reuters's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.76%.


Thomson Reuters  (STU:TOC0) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Thomson Reuters's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2200.56 * ( 1 - 20.53% )/( (15357.482 + 15744.73)/ 2 )
=1748.785032/15551.106
=11.25 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15320.76 - 1022.238 - ( 397.11 - max(0, 2961.672 - 1902.712+397.11))
=15357.482

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15521.56 - 984.37 - ( 422.985 - max(0, 3052.585 - 1845.045+422.985))
=15744.73

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Thomson Reuters's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=2259.38/( ( (308.294 + max(-818.132, 0)) + (294.965 + max(-661.725, 0)) )/ 2 )
=2259.38/( ( 308.294 + 294.965 )/ 2 )
=2259.38/301.6295
=749.06 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(948.794 + 19.642 + 445.788) - (1022.238 + 1068.354 + 141.764)
=-818.132

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1024.16 + 0 + 397.9) - (984.37 + 1005.13 + 94.285)
=-661.725

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Thomson Reuters's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1890.8/32835.109
=5.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Thomson Reuters EBIT Related Terms


Thomson Reuters EBIT Historical Data

* Premium members only.

The historical data trend for Thomson Reuters's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thomson Reuters EBIT Chart

Thomson Reuters Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,110.68 2,157.98 2,040.33 2,129.65 1,807.92

Thomson Reuters Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 526.33 345.93 521.42 458.60 564.85

STU:TOC0 vs CTAS, CPRT, GPN: EBIT Comparison

For the Specialty Business Services subindustry, Thomson Reuters's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Thomson Reuters EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Thomson Reuters's EV-to-EBIT falls into.


STU:TOC0
70GF Score
Thomson Reuters Corp STU:TOC0
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Thomson Reuters EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,891 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,891 Mil mean?
Thomson Reuters (STU:TOC0) has a EBIT of €1,891 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thomson Reuters.
Is Thomson Reuters' EBIT too high?
Thomson Reuters' current EBIT is €1,891 Mil. Overall, Thomson Reuters has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thomson Reuters' EBIT compare to CTAS and CPRT?
Thomson Reuters' EBIT of €1,891 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Business Services company?
A good EBIT depends on the Business Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Thomson Reuters. Thomson Reuters's current EBIT is €1,891 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Reuters stock overvalued right now?
Based on GuruFocus' analysis, Thomson Reuters (STU:TOC0) is currently considered Significantly Undervalued. The stock's GF Value™ is €179.38, compared to a current price of €80.26 — trading 55.3% below its estimated fair value. The current EBIT is €1,891 Mil. Thomson Reuters' overall GF Score™ is 70/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Thomson Reuters (STU:TOC0), the current EBIT is €1,891 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thomson Reuters (STU:TOC0) Overvalued in 2026?

Based on GuruFocus' analysis, Thomson Reuters stock appears to be undervalued. The current stock price of €80.26 is trading 55.3% below its estimated GF Value™ of €179.38. GuruFocus considers Thomson Reuters to be Significantly Undervalued.

Key valuation signals for STU:TOC0:

  • EBIT: €1,891 Mil
  • GF Value™: €179.38 vs. price of €80.26 (55.3% below fair value)
  • GF Score™: 70/100 with 1 warning sign

No single metric tells the full story. See the STU:TOC0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thomson Reuters Business Description

Address 19 Duncan Street, Toronto, ON, CAN, M5H 3H1
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
70GF Score

Get the complete analysis for STU:TOC0

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€80.26
Price
€179.38
GF Value