Thomson Reuters (STU:TOC0) Operating Margin %: 30.47% (As of Mar. 2026) — 31% Above Median


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 Operating Margin %?

Thomson Reuters STU:TOC0 70 Operating Margin % is 30.47% as of Mar. 2026, which is 31% above its 10-year median of 23.21. 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. Among 1,070 Business Services companies, Thomson Reuters ranks better than 92.62% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thomson Reuters's Operating Income for the three months ended in Mar. 2026 was €550 Mil. Thomson Reuters's Revenue for the three months ended in Mar. 2026 was €1,805 Mil. Therefore, Thomson Reuters's Operating Margin % for the quarter that ended in Mar. 2026 was 30.47%.

The historical rank and industry rank for Thomson Reuters's Operating Margin % or its related term are showing as below:

STU:TOC0' s Operating Margin % Range Over the Past 10 Years
Min: 12.63   Med: 23.21   Max: 32.07
Current: 26.82


STU:TOC0's Operating Margin % is ranked better than
92.62% of 1070 companies
in the Business Services industry
Industry Median: 6.33 vs STU:TOC0: 26.82

Thomson Reuters's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Thomson Reuters's Operating Income for the three months ended in Mar. 2026 was €550 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €1,767 Mil.


Thomson Reuters  (STU:TOC0) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Thomson Reuters Operating Margin % Related Terms


Thomson Reuters Operating Margin % Historical Data

* Premium members only.

The historical data trend for Thomson Reuters's Operating Margin % 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 Operating Margin % Chart

Thomson Reuters Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.44 27.39 28.70 26.12 26.61

Thomson Reuters Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % 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 30.00 24.82 33.56 18.82 30.47

STU:TOC0 vs CTAS, CPRT, GPN: Operating Margin % Comparison

For the Specialty Business Services subindustry, Thomson Reuters's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Thomson Reuters's Operating Margin % falls into.


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

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Thomson Reuters's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=1698.606 / 6384.504
=26.61 %

Thomson Reuters's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=550.14 / 1805.255
=30.47 %

* 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 Operating Margin % →
What does a Operating Margin % of 30.47% mean?
Thomson Reuters (STU:TOC0) has a Operating Margin % of 30.47% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Thomson Reuters and its competitors. This is 31% above median its historical median of 23.21. Over the past decade, Thomson Reuters' Operating Margin % has ranged from 12.63 to 32.07. According to the industry distribution chart, Thomson Reuters ranks #79 out of 1070 companies in the Business Services industry, placing it in the top 7.4%.
Is Thomson Reuters' Operating Margin % too high?
Thomson Reuters' current Operating Margin % of 30.47% is 31% above median its 10-year median of 23.21. Over the past 10 years, this metric has ranged from a low of 12.63 to a high of 32.07. The Business Services industry median Operating Margin % is 6.33. Thomson Reuters' value of 30.47% is 381.4% above this industry median. Based on the distribution chart, Thomson Reuters ranks #79 out of 1070 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. 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' Operating Margin % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Thomson Reuters ranks #79 out of 1070 companies for Operating Margin %. This places Thomson Reuters in the top 7% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 6.33. Thomson Reuters' value of 30.47% is 381.4% above this benchmark. Historically, Thomson Reuters' own Operating Margin % has ranged from 12.63 to 32.07 over the past decade. While the company's 10-year median is 23.21 vs. the industry median of 6.33, Thomson Reuters has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Business Services company?
The median Operating Margin % among Business Services companies is 6.33, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thomson Reuters's current Operating Margin % of 30.47% is 381.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Thomson Reuters and its competitors. For the Business Services industry, the median Operating Margin % is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Reuters's current Operating Margin % is 30.47%, which is 31% above median its own 10-year median of 23.21. 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 Operating Margin % is 30.47%, which is 31% above median its 10-year median of 23.21 and 381.4% above the Business Services industry median of 6.33. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Thomson Reuters (STU:TOC0), the current Operating Margin % is 30.47% 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:

  • Operating Margin %: 30.47% (31% above median its 10-year median of 23.21)
  • GF Value™: €179.38 vs. price of €80.26 (55.3% below fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 381.4% above the Business Services median (#79 of 1070)

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

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

€80.26
Price
€179.38
GF Value