v3.25.4
Revenues (Tables)
12 Months Ended
Dec. 31, 2025
Text block [abstract]  
Summary of Revenues by Type and Geography

The following tables disaggregate revenues by type and geography and reconcile them to reportable segments (see note 4).

 

Revenues by type
(millions of U.S.
   dollars)

Legal
Professionals

 

Corporates

Tax, Audit & Accounting Professionals

 

Reuters

 

Global Print

 

Eliminations/ Rounding

 

Total

Year ended
   December 31,

2025

2024

 

2025

2024

2025

2024

 

2025

2024

 

2025

2024

 

2025

2024

 

2025

2024

Recurring

2,789

 

2,828

 

1,670

 

1,543

937

 

867

 

712

 

668

 

-

 

-

 

(24)

 

(24)

 

6,084

5,882

Transactions

79

 

94

 

317

 

301

365

 

298

 

141

 

164

 

-

 

-

 

-

 

-

 

902

857

Global Print

-

 

-

 

-

 

-

-

 

-

 

-

 

-

 

490

 

519

 

-

 

-

 

490

519

Total

2,868

 

2,922

 

1,987

 

1,844

1,302

 

1,165

 

853

 

832

 

490

 

519

 

(24)

 

(24)

 

7,476

7,258

 

 

Revenues by
   geography
(1)
(millions of U.S.
   dollars)

Legal
Professionals

 

Corporates

Tax, Audit & Accounting Professionals

 

Reuters

 

Global Print

 

Eliminations/ Rounding

 

Total

Year ended
   December 31,

2025

2024

 

2025

2024

2025

2024

 

2025

2024

 

2025

2024

 

2025

2024

 

2025

2024

U.S.

2,238

 

2,352

 

1,515

 

1,431

1,033

 

926

 

219

 

219

 

382

 

400

 

(24)

 

(24)

 

5,363

5,304

Canada

114

 

103

 

15

 

14

41

 

38

 

5

 

6

 

37

 

44

 

-

 

-

 

212

205

Other

33

 

31

 

98

 

85

180

 

155

 

10

 

9

 

11

 

12

 

-

 

-

 

332

292

Americas

2,385

 

2,486

 

1,628

 

1,530

1,254

 

1,119

 

234

 

234

 

430

 

456

 

(24)

 

(24)

 

5,907

5,801

U.K.

302

 

272

 

155

 

141

26

 

25

 

436

 

425

 

35

 

35

 

-

 

-

 

954

898

Other

51

 

43

 

144

 

120

4

 

4

 

130

 

121

 

5

 

6

 

-

 

-

 

334

294

EMEA

353

 

315

 

299

 

261

30

 

29

 

566

 

546

 

40

 

41

 

-

 

-

 

1,288

1,192

Asia Pacific

130

 

121

 

60

 

53

18

 

17

 

53

 

52

 

20

 

22

 

-

 

-

 

281

265

Total

2,868

 

2,922

 

1,987

 

1,844

1,302

 

1,165

 

853

 

832

 

490

 

519

 

(24)

 

(24)

 

7,476

7,258

 

(1)
Revenues by geography are based on the location of the customer. Revenues from the Reuters agreement with the Data & Analytics business of London Stock Exchange Group ("LSEG"), the Company’s largest customer, are included entirely in the U.K. Canada represents the Company's country of domicile. Americas represents North America, Latin America and South America and EMEA represents Europe, Middle East and Africa.
Summary of Deferred Income

The following table includes contract liabilities:

 

 

 

 

December 31,

(millions of U.S. dollars)

 

 

2025

 

2024

2023

Deferred revenue

 

 

1,251

 

1,062

992

Summary of Remaining Performance Obligations The Company expects to recognize these revenues as follows:

 

 

 

 

                                 December 31,

 

 

2025

 

2024

1 year

 

 

27%

 

27%

Between 1 and 2 years

 

 

15%

 

14%

Between 2 and 3 years

 

 

9%

 

9%

Later than 3 years

 

 

49%

 

50%