Thomson Reuters is ramping up its commitment to AI as it continues delivering strong financial results. With a forecasted increase in organic revenue growth and significant spending on AI investment in legal tech and technology acquisitions, the Canadian-based content and tech giant is positioning itself at the forefront of innovation in the legal, tax, and professional sectors.
Financial Performance: Revenue Beats Expectations
In its Q4 2024 financial report, Thomson Reuters posted a 5% increase in revenue, reaching $1.909 billion, surpassing analyst expectations of $1.907 billion. The company also reported an adjusted earnings per share (EPS) of $1.01, outperforming the projected 96 cents. The company’s shares responded positively, rising by 6.7% on the Toronto Stock Exchange and 4.8% on the New York Stock Exchange.
CEO Steve Hasker emphasized the company’s strong performance and long-term strategy:
“2024 marked important progress at Thomson Reuters. Looking ahead to 2025, we continue to focus on investing in content-driven technology that helps professionals make complex decisions with confidence.”
The company expects organic revenue growth in 2025 (excluding impacts from currency, acquisitions, and asset sales) to grow 7%–7.5% in 2025 and 7.5%–8% in 2026, up from 7% in 2024.
AI at the Core of Growth Strategy
One of the major drivers behind this growth is AI in tax and accounting innovation. Thomson Reuters spent over $200 million on AI-related investments in 2024 and plans to continue investing at that pace throughout 2025. The company owns several key platforms including:
- Westlaw AI (legal research)
- Checkpoint (tax and accounting services)
- Reuters News Agency
These services are being enhanced with AI to improve productivity, reduce research time, and deliver more accurate, context-aware legal insights to professionals. In Q4, the company also acquired Materia, an AI startup focused on building intelligent agents for tax and accounting. In early 2025, it purchased cPaperless, LLC, the parent of SafeSend, for $600 million, further strengthening its AI capabilities in professional services automation.
Responding to Global AI Trends and Competition
Thomson Reuters’ AI focus comes amid a competitive global AI landscape. A surprise disruptor in the field is DeepSeek AI, a Chinese-developed large language model (LLM) reported to rival OpenAI and Google’s models but built at a fraction of the cost. This has sparked concern among governments worldwide due to its origin and data practices.
Countries such as Italy, Taiwan, South Korea, and Australia have banned DeepSeek on government devices, citing security risks. The U.S. is also considering similar actions. Despite these concerns, Thomson Reuters is testing DeepSeek in a separate secure and confidential environment, evaluating its potential in a safe, isolated manner.
Profit Growth and Strategic Expansion
Thomson Reuters reported a 29% increase in operating profit, reaching $722 million, partly due to the sale of its FindLaw business. The company also raised its annualized dividend by 10%, signaling confidence in its ongoing profitability and future outlook.
Looking ahead, Thomson Reuters has outlined plans to deploy up to $10 billion in acquisitions through 2027, with a continued emphasis on AI-powered innovation.
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Source:
📌 Reuters – “Thomson Reuters sees revenue growth picking up as AI spending continues”