Thomson Reuters (TRI) Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Thomson Reuters closed out 2025 on steady footing, posting Q4 adjusted EPS of $1.07 against a consensus estimate of $1.06, a beat of 0.94%, while revenue of $2.01 billion matched expectations exactly and grew 5.2% year over year. The headline numbers… Read more Thomson Reuters closed out 2025 on steady footing, posting Q4 adjusted EPS of $1.07 against a consensus estimate of $1.06, a beat of 0.94%, while revenue of $2.01 billion matched expectations exactly and grew 5.2% year over year. The headline numbers were anchored by the company's "Big 3" segments, which collectively delivered 9% organic revenue growth in the quarter and now represent 82% of total revenues, with Tax, Audit and Accounting Professionals standing out at 13% total revenue growth and a 53.6% adjusted EBITDA margin. Adjusted EBITDA rose 8% to $777 million, with margin expanding 110 basis points to 38.7%, even as IFRS results were pressured by prior-year gains from the FindLaw disposal and higher software amortization. AI-driven products, particularly Westlaw Advantage and CoCounsel, are increasingly central to the growth story, with management pointing to agentic capabilities as a meaningful catalyst ahead. Looking to 2026, Thomson Reuters guided for organic revenue growth of 7.5% to 8.0%, roughly 100 basis points of adjusted EBITDA margin expansion, and free cash flow of approximately $2.1 billion, while approving its 33rd consecutive annual dividend increase.