# Thomson Reuters Corporation (TRI)

> Source: Nexqual · https://nexqual.com/TRI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Thomson Reuters Corporation (TRI), nexqual.com/TRI" · informational, not investment advice.

**Price:** USD 123.26 (+6.94% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 115.26 · day 117.08–123.72 · 52w 76.28–164.3 · market cap $53.4B · NMS

## Key facts
- Analysts: Buy (mean 2.00 on a 1–5 scale) (19 analysts), mean target USD 122.58 (range 100–146).
- Total return with dividends: 1Y -21.4% vs S&P 500 +14.9%; 5Y +14.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.86, revenue estimate $1.80B.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 19 analysts; mean target USD 122.58 (low 100, high 146).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Jefferies | Initiated | Buy | $130 |
| 2026-10-13 | Morgan Stanley | Target lowered | Equal-Weight | $116 → $110 |
| 2026-09-08 | Barclays | Target lowered | Overweight | $140 → $130 |
| 2026-08-06 | RBC Capital | Target raised | Outperform | $121 → $124 |
| 2026-06-30 | Wells Fargo | Target lowered | Equal-Weight | $97 → $85 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -21.4% | +14.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -21.5% | +2.7% |
| Volatility (annualized) | 51.3% | 28.9% |
| Max drawdown | -51.5% (Oct 2025→Jun 2026) | -61.0% (Jul 2025→Jun 2026) |

## Peers (Specialty Business Services)
RELX (RELX PLC PLC) USD 40.62 +3.81% · CTAS (Cintas Corporation) USD 224.04 +1.77% · CPRT (Copart, Inc.) USD 29.09 +5.44% · GPN (Global Payments Inc.) USD 85.88 +2.81% · RBA (RB Global, Inc.) USD 84.39 +2.91% · ULS (UL Solutions Inc.) USD 73.63 -0.88%

## More
Full page: https://nexqual.com/TRI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.86 | $0.98 | -12.9% | $1.80B | 5 |
| Next quarter (ends 2026-12-31) | $1.27 | $1.25 | +1.4% | $2.05B | 5 |
| Current fiscal year (ends 2026-12-31) | $4.15 | $4.42 | -6.0% | $7.73B | 6 |
| Next fiscal year (ends 2027-12-31) | $4.93 | $5.05 | -2.3% | $8.40B | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±11.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 48.9% | ±11.2% |
| 2026-12-18 | 56 | 45.6% | ±14.6% |
| 2027-01-15 | 84 | 43.4% | ±16.6% |
| 2027-02-19 | 119 | 43.6% | ±19.8% |
| 2027-04-16 | 175 | 42.8% | ±23.4% |
| 2027-09-17 | 329 | 43.4% | ±31.9% |