Thomson Reuters (TRI) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Thomson Reuters posted a clean beat in Q3 2025, with adjusted EPS of $0.85 topping the $0.83 consensus by 2.97%, while revenue of $1.78 billion edged past estimates and grew 3.4% year over year, underpinned by 7% organic growth that reflects the comp… Read more Thomson Reuters posted a clean beat in Q3 2025, with adjusted EPS of $0.85 topping the $0.83 consensus by 2.97%, while revenue of $1.78 billion edged past estimates and grew 3.4% year over year, underpinned by 7% organic growth that reflects the company's deepening push into AI-powered professional tools. The single most important driver was the collective strength of the "Big 3" segments, Legal Professionals, Corporates, and Tax & Accounting Professionals, which together delivered 9% organic revenue growth and accounted for 82% of total revenues, with Tax & Accounting leading at 10% organic gains. Profitability moved meaningfully higher as adjusted EBITDA expanded to $672 million at a 37.7% margin, up 240 basis points. Despite the solid print, shares faced pressure as some observers noted pockets of softness in government and corporate segments. Looking ahead, management reaffirmed full-year 2025 guidance while raising its 2026 framework, now targeting approximately 100 basis points of adjusted EBITDA margin expansion and free cash flow of roughly $2.1 billion.