Thomson Reuters (TMSOF) Cost of Revenue (2018 - 2024)
Thomson Reuters' (TMSOF) quarterly Cost of Revenue came in at $17.0 million in Q1 2024, down 26.09% on a YoY basis from $23.0 million in Q2 2023, and down 26.09% quarter-over-quarter from $23.0 million in Q1 2023.
Analysis
Thomson Reuters (TMSOF) Cost of Revenue (2018 - 2024) Analysis & Trends
Thomson Reuters (TMSOF) has reported Cost of Revenue for 7 consecutive years, with $17.0 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Cost of Revenue fell 26.09% year-over-year to $17.0 million; the trailing twelve-month figure through Mar 2024 stood at $416.0 million (down 12.05% YoY), and the FY2022 full-year result was $293.0 million, changed N/A from the prior year.
- Cost of Revenue fell to $17.0 million in Q1 2024 per TMSOF's latest filing, from $23.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $298.0 million in Q4 2022 and bottomed at $17.0 million in Q1 2024.
- Historically, Cost of Revenue has averaged $73.2 million across 5 years, with a median of $43.5 million in 2020.
- The sharpest annual moves came in 2020 and 2021: Cost of Revenue slumped 75.0% in 2020, then surged 148.57% in 2021.
- Over 5 years, Cost of Revenue stood at $37.0 million in 2020, then jumped by 135.14% to $87.0 million in 2021, then soared by 242.53% to $298.0 million in 2022, then sank by 92.28% to $23.0 million in 2023, then fell by 26.09% to $17.0 million in 2024.
- According to Business Quant data, Cost of Revenue over the past three periods registered $17.0 million, $23.0 million, and $298.0 million for Q1 2024, Q1 2023, and Q4 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Docusign | 12.31 Bn | 11.54 Bn | 697.87 Mn | 177.87 Mn |
| 2 | Thomson Reuters | 5.12 Bn | 4.08 Bn | - | - |
| 3 | Workiva | 4.10 Bn | 3.28 Bn | 205.27 Mn | 50.02 Mn |
| 4 | Vertex | 2.03 Bn | 1.80 Bn | 131.30 Mn | 72.67 Mn |
| 5 | Clarivate | 1.22 Bn | 1.01 Bn | 401.80 Mn | 185.50 Mn |
| 6 | Donnelley Financial Solutions | 1.22 Bn | 1.20 Bn | 148.00 Mn | 76.20 Mn |
| 7 | Legalzoom.Com | 989.65 Mn | 822.42 Mn | 139.93 Mn | 65.36 Mn |
| 8 | Telos | 338.53 Mn | 287.88 Mn | 16.69 Mn | 31.05 Mn |
| 9 | CS Disco | 261.83 Mn | 160.43 Mn | 32.11 Mn | 11.03 Mn |
| 10 | Audioeye | 97.66 Mn | 88.95 Mn | 8.45 Mn | 2.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 17.00 Mn |
| Mar 31, 2023 | 23.00 Mn |
| Dec 31, 2022 | 298.00 Mn |
| Sep 30, 2022 | 78.00 Mn |
| Mar 31, 2022 | 74.00 Mn |
| Sep 30, 2021 | 87.00 Mn |
| Mar 31, 2021 | 50.00 Mn |
| Dec 31, 2020 | 37.00 Mn |
| Sep 30, 2020 | 35.00 Mn |
| Mar 31, 2020 | 33.00 Mn |
| Dec 31, 2019 | 138.00 Mn |
| Sep 30, 2019 | 103.00 Mn |
| Mar 31, 2019 | 132.00 Mn |
| Dec 31, 2018 | 244.00 Mn |
| Sep 30, 2018 | 111.00 Mn |
| Jun 30, 2018 | 70.00 Mn |
| Mar 31, 2018 | 41.00 Mn |