Thomson Reuters

What Thomson Reuters does

Thomson Reuters Corporation is a Toronto-headquartered, publicly traded (TSX/Nasdaq: TRI) information services and AI-software company that delivers content, workflow tools, and AI-enabled assistants to professional markets including legal, tax, accounting, audit, compliance, risk, news, and international trade. The modern corporation was formed in 2008 when Thomson Corporation acquired Reuters Group; after divesting its Financial & Risk business to LSEG in 2021, the company has repositioned around AI-augmented professional information, with roots tracing back 175 years to the 1851 founding of Reuters.

The product portfolio is organized around four disciplines: Legal (Westlaw, Westlaw Advantage, Westlaw Edge, Practical Law, CoCounsel Legal, HighQ, Legal Tracker), Tax/Audit/Accounting (CoCounsel Tax, CoCounsel Audit, ONESOURCE suite, Guided Assurance, SurePrep, SafeSend, Additive), Risk & Fraud (CLEAR, Fraud Detect, with a strategic Socure partnership), and International Trade (ONESOURCE Global Trade Management, Global Trade Research AI, Global Classification AI) — supported by Reuters news and the Thomson Reuters Institute. The technology stack centers on CoCounsel (now rebuilt on Anthropic's Claude Agent SDK), a proprietary legal-focused LLM ("Thomson"), and a Fiduciary-Grade AI standard aligned to ISO 27001 and ISO 42001, all grounded in 1.9 billion Westlaw/Practical Law documents and 1.4 billion KeyCite signals curated by 2,700 attorney-editors. The data estate is consolidated on Snowflake across 37,500+ governed tables and 350 sources, and ONESOURCE+ delivers native integrations into Oracle Fusion Cloud ERP, Workday, and SAP.

Revenue is generated primarily through recurring annual subscriptions (Westlaw, CoCounsel, ONESOURCE, CLEAR, Reuters Connect) sold via an enterprise field-sales motion to law firms, corporates, tax/audit firms, and government, supplemented by professional services, ProView e-book sales, and API/data licensing. Q1 2026 reported $2.087B in revenue (+10% YoY) with 8% organic growth; FY2025 revenue was approximately $7.7B. The company is executing an aggressive AI-focused acquisition program (Casetext $650M in 2023, SurePrep $500M in 2023, plus SST, Materia, Additive, and Noetica) alongside Thomson Reuters Ventures, a $150M corporate venture fund launched in February 2025.

Name

Thomson Reuters

Legal name

Thomson Reuters Corporation

Website

https://thomsonreuters.com

Company type

Public

Founded year

1851

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Thomson Reuters Corporation (TSX/Nasdaq: TRI) is a Toronto-headquartered information services company that delivers AI-enabled legal, tax, audit, compliance, risk, and news software — including Westlaw, CoCounsel, ONESOURCE, CLEAR, and Reuters — to professionals and enterprises globally.

Ownership category

akta.pro rank

Product category

Legal & Tax Professional Software

NAICS

Software Publishers (513210), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Periodical Publishers (513120), Book Publishers (513130)

SIC

Services-Engineering, Accounting, Research, Management (8700), Books: Publishing Or Publishing & Printing (2731), Services-Legal Services (8111), Periodicals: Publishing Or Publishing & Printing (2721)

akta.pro primary industry

Regulatory Reporting & Submissions Automation (FSAFAOAA)

akta.pro secondary industries

Finance, Accounting & Tax Reference (GAAP/IFRS, Audit, Compliance, Tax) (EDAGAGAE), eDiscovery, Litigation Support & Expert Witness Services (BPAKAHAD), Regulatory Reporting & Recordkeeping (AML/CTF) (FSAMAMAG)

Keywords

• Legal research software
• Tax compliance software
• Regulatory information services
• Professional AI assistants
• News media services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription & Recurring Software Revenue: Primary revenue model based on recurring subscriptions to legal research (Westlaw), tax & accounting software (ONESOURCE, CoCounsel), and CLEAR risk/fraud investigation platforms. Q1 2026 organic revenue grew 8% with 'Big 3' segments (Legal Professionals, Corporates, Tax/Audit/Accounting Professionals) growing 9% organically. GenAI products now comprise 30% of annual contract value.
2. Professional Services & Training: Professional services revenue from certified delivery partners and internal teams for implementation, integration, and optimization of Thomson Reuters solutions, including ONESOURCE University, Legal Learning Hub, and CS Professional Suite training.
3. News & Media Subscription (Reuters): Subscription and licensing revenue from Reuters news services including Reuters Connect, Reuters Pictures, and content syndication to media organizations globally. Reuters won two Pulitzer Prizes in 2026 for Beat Reporting and National Reporting.
4. E-commerce Book Sales: Direct-to-consumer e-book sales via ProView e-reader platform and online storefronts for legal and tax professional reference books across multiple jurisdictions.
5. Data Monetization & API Licensing: Revenue from API and MCP integrations exposing Thomson Reuters content (Westlaw, Practical Law, CLEAR, CoCounsel) to enterprise platforms and partner-built integrations. Strategic partnerships with Oracle, Workday, SAP, and Microsoft enable embedded licensing arrangements.

Pricing tiers

Go-to-market motion1 record

Core offering

Thomson Reuters provides professional-grade information, software, and AI-powered tools to legal, tax, accounting, compliance, risk, and media professionals. Its core offerings include the Westlaw legal research platform, the CoCounsel AI assistant suite (Legal, Tax, Audit), the ONESOURCE tax and trade compliance portfolio, the CLEAR investigative platform, and the Reuters news service, all delivered primarily through subscription and recurring software contracts.

Product overview

Thomson Reuters operates a platform-plus-modules architecture organized around four core disciplines: Legal, Tax & Accounting, Risk & Fraud, and International Trade & Supply Chain, supported by its Reuters news division. The legal business centers on Westlaw (Westlaw Advantage, Westlaw Edge) for research, Practical Law for know-how, the CoCounsel Legal AI platform rebuilt on Anthropic's Claude Agent SDK, and matter management via HighQ and Legal Tracker. The CLEAR suite powers risk, fraud, and investigations. The tax and accounting business spans CoCounsel Tax, CoCounsel Audit, Guided Assurance, Ready to Advise, Ready to Review, SafeSend, Audit Intelligence Analyze, and the ONESOURCE portfolio (Determination, Income Tax, Indirect Compliance, Pagero, Tax Provision, Denied Party Screening, Foreign Trade Zone Management, Global Classification AI, Free Trade Agreement Management, Export Management). ONESOURCE+ serves as the intelligent compliance network unifying tax, trade, legal, and risk solutions. Acquired brands include Casetext (origin of CoCounsel), SurePrep, Gestta, Imagen, Safe Sign Technologies, Materia, Additive, and Noetica, each extending the platform's AI capabilities. ProView provides professional e-books, while Reuters delivers news and editorial content.

Differentiator

Problem solved

Functional benefit

Brands

• Reuters: World-leading provider of trusted journalism and news; part of the News and media segment.
• Westlaw
• CoCounsel
• Practical Law
• ONESOURCE
• CLEAR
• HighQ
• ProView
• Checkpoint
• SurePrep

Products and services

• CoCounsel Legal An AI-powered legal assistant integrating research, analysis, and drafting, grounded in Westlaw and Practical Law content; used by 1 million professionals globally.
• CoCounsel Tax

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability16 records

Feature8 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Avalara: Indirect tax compliance automation competitor overlapping with ONESOURCE Determination, Indirect Compliance, and Pagero in VAT/GST/sales-use tax determination and e-invoicing.
• Intuit: Tax and accounting software peer (ProConnect, Lacerte, TurboTax) competing in the same accounting professional segment as SurePrep, ProSystem fx Tax, and CoCounsel Tax.
• LexisNexis (RELX): RELX's LexisNexis is the most direct competitor, offering Lexis+ AI legal research, Protégé gen-AI assistant, and LexisNexis Risk Solutions, directly overlapping Westlaw, CoCounsel, and CLEAR.
• Wolters Kluwer: Dutch professional information services peer serving legal, tax, accounting, health, and compliance markets with comparable subscription software (Legisway, CCH, OneSumX) and active GenAI rollout across the same customer verticals.
• Bloomberg Industry Group (Bloomberg Law): Bloomberg's legal and tax research platforms (Bloomberg Law, Bloomberg Tax) compete head-to-head with Westlaw and Checkpoint, leveraging Bloomberg's broader financial-data ecosystem.
• Dow Jones (News Corp): News and information services peer and direct competitor to Reuters News, with overlapping professional subscription products (Barron's, WSJ Pro) targeting financial and corporate clients.

Emerging players

• Harvey: Legal-AI-native challenger built on frontier foundation models, targeting Am Law firms with AI legal assistants; competes directly with CoCounsel Legal on agentic workflows.
• Ironclad: Contract lifecycle management AI-native platform competing in adjacent legal workflow territory; integrated with CoCounsel Legal via DocuSign partnership.

Broad incumbents

• Verisk Analytics: Analytics and data services incumbent for risk, fraud, and compliance; comparable to CLEAR Risk Inform and Fraud Detect in serving insurance, financial services, and government investigations.
• Microsoft (Copilot for Legal/365): Platform incumbent integrating Copilot into Microsoft 365, the same surface area where CoCounsel Legal positions itself; partnership-and-competition dynamic as Thomson Reuters' MCP integration relies on Claude-on-365.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ThomsonReuters
• YouTubeyoutube.com/thomsonreuters
• Facebookfacebook.com/thomsonreuters
• LinkedInlinkedin.com/company/thomson-reuters
• Instagraminstagram.com/thomsonreuters

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A67 records

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thomson Reuters