TMSOF.PFD (Thomson Reuters) Tax Rate % : 21.27% (As of Sep. 2024)

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What is Thomson Reuters Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Thomson Reuters's Tax Expense for the three months ended in Sep. 2024 was $77.00 Mil. Thomson Reuters's Pre-Tax Income for the three months ended in Sep. 2024 was $362.00 Mil. Therefore, Thomson Reuters's Tax Rate % for the quarter that ended in Sep. 2024 was 21.27%.

Thomson Reuters Tax Rate % Historical Data

The historical data trend for Thomson Reuters's Tax Rate % 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.

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Thomson Reuters Tax Rate % Chart

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-123.38

4.02

152.47

12.44

20.98

Thomson Reuters Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															-3.42	4.88	12.43	-105.51	21.27

Thomson Reuters Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Thomson Reuters's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	417	/	1988
	=	20.98 %

Thomson Reuters's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	77	/	362
	=	21.27 %

Thomson Reuters Tax Rate % Related Terms

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Thomson Reuters Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Thomson Reuters Corp (OTCPK:TMSOF.PFD) » Definitions » Tax Rate %

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TRI:USA 0Q89:UK TOC:Germany TOC:Germany TRI.PR.B.PFD:Canada TRI:Canada

Address

19 Duncan Street, Suite 300, Toronto, ON, CAN, M5H 3H1

Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.