Thomson Reuters (TRI) is the worldwide market leader in financial data with a broad service range that includes publishing and expert professional advice. The company was established in 2008 when Reuters, a financial information company founded in London in 1851, was acquired by the Thomson Corporation, a Canadian financial information provider.
Headquartered in Toronto, Ontario, Canada, Thomson Reuters has operations in more than 100 countries and employs over 45,000 people. The company's stock is dually listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). But where does the company stand in the market? And who are its largest competitors? This article provides a brief overview of Thomson Reuters and its three main competitors in the marketplace.
- Thomson Reuters provides financial information and services to individual investors and businesses worldwide.
- The company owns news publications and other online financial and wire services.
- The company was formed when Reuters bought Thomson Corporation.
- It is based in Toronto, Canada.
- Thomas Reuters' competitors include Dow Jones, Bloomberg, and Pearson—all of which operate in the financial news space with competitive offerings.
Thomson Reuters: An Overview
Thomson Reuters is a media company. It relies on industry expertise and innovative technology to deliver financial and business information to decision-makers in various markets. As such, the company operates in a number of divisions:
- Legal Professionals
- Tax and Accounting Professionals
- Reuters News
- Global Print
In addition to its substantial financial division, Thomson Reuters also publishes research and offers expert advice in the areas of intellectual property, law, pharma and life sciences, scholarly and scientific research, and tax and accounting.
The company reported annual revenue of $6.35 billion for 2021. That's a 6% increase from the $5.98 billion reported in the previous year. The bulk of its revenue is generated by the sale of hundreds of thousands of subscriptions to its online financial services. The company also cited robust growth in its Global Legal, Tax, Risk, Fraud & Compliance markets
Reuters traces its roots back to 1851, which is when its founder Paul Julius Reuter opened a "news and stock price information service" in London. The Thomson Corporation was established with a single newspaper, The Timmins Press (Ontario, Canada), in the 1930s.
Bloomberg is a market leader in business media. In addition to its syndicated news service and magazine, Bloomberg offers real-time financial news, market data, and analysis via Bloomberg Television, radio, and the internet.
A substantial contribution to Bloomberg’s revenue is generated by the Bloomberg Terminal, a platform that streams and integrates price data, financial information, and news to more than 325,000 customers worldwide.
The company invests a good amount of research into the technology sector, politics, sustainability, and luxury. Bloomberg is a privately held firm. Its revenues totaled
Dow Jones is a leading global provider of financial news and information. The company has a substantial portfolio of newspapers, including The Wall Street Journal, which was founded by Dow Jones in 1889. The paper's circulation reached an average of about 3.5 million people.
Dow Jones also owns other business periodicals and services, including Barron's, financial news site MarketWatch, SmartMoney magazine, WSJ Magazine, and research service Factiva.
The company is a subsidiary of News Corporation (NWS), a media and information corporation that offers news, and creates and distributes a range of content and other services to the public. Along with Dow Jones, News Corporation's other divisions include News Media, Real Estate Services, and Book Publishing. Commonly known as News Corp., it reported annual revenue of $10.39 billion for its 2022 fiscal year. That figure increased by 11% from $$9.36 billion in 2021.
Pearson PLC (PSO) is a leader in the global media market with operations in business information, consumer publishing, and education. Based in London, United Kingdom, the company was founded in 1844 by Samuel Pearson.
The company's main business groups include:
- Assessment and Qualifications: This is Pearson's largest segment by both revenue and consumer reach. This division allows users to assess the skills acquired through their professional and educational backgrounds.
- Virtual Learning: Pearson offers virtual and online learning solutions to people who are in various stages of their educational careers.
- English Language Learning: The company aims to become a leader in English learning by helping nonspeakers learn and improve their language skills.
- Workforce Skills: Pearson calls this division a "strategic solutions provider for workforce skills."
- Higher Education: This segment provides digital learning materials and solutions in North America.
In 2021, the company reported full-year revenue of £3.43 billion. At a rate of 1.37:1 (USD:GBP), that equates to roughly $4.7 billion.