Thomson Reuters (TRI) Gross Margin (2018 - 2024)

Thomson Reuters (TRI) has reported Gross Margin for 7 consecutive years, with 99.1% the latest figure, recorded in Q1 2024.

• For the quarter ending Q1 2024, Gross Margin rose 42.0% year-over-year to 99.1%; the trailing twelve-month figure through Mar 2024 stood at 94.31% (up 48.0% YoY), and the FY2022 full-year result was 95.58%, changed N/A from the prior year.
• Gross Margin steadied at 99.1% in Q1 2024 per TRI's latest filing, from 98.68% in the prior quarter.
• Across five years, Gross Margin topped out at 99.1% in Q1 2024 and bottomed at 83.12% in Q4 2022.
• Historically, Gross Margin has averaged 95.58% across 5 years, with a median of 97.2% in 2020.
• The sharpest annual moves came in 2020 and 2021: Gross Margin jumped 671 bps in 2020, then sank 328 bps in 2021.
• Over 5 years, Gross Margin stood at 97.71% in 2020, then declined by 3 bps to 94.3% in 2021, then slipped by 12 bps to 83.12% in 2022, then gained by 19 bps to 98.68% in 2023, then gained by 0 bps to 99.1% in 2024.
• According to Business Quant data, Gross Margin over the past three periods registered 99.1%, 98.68%, and 83.12% for Q1 2024, Q1 2023, and Q4 2022 respectively.