Thomson Reuters (TRI) Q1 2026

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Earnings

Thomson Reuters posted a solid first quarter of 2026, with revenue climbing 10% year-over-year to $2.09 billion and adjusted earnings per share rising 10% to $1.23, up from $1.12 a year ago, as the company's legal, corporate, and tax-focused business… Read more Thomson Reuters posted a solid first quarter of 2026, with revenue climbing 10% year-over-year to $2.09 billion and adjusted earnings per share rising 10% to $1.23, up from $1.12 a year ago, as the company's legal, corporate, and tax-focused businesses continued to drive broad-based momentum. The primary engine behind the quarter was the collective strength of Thomson Reuters' "Big 3" segments, which together generated $1.77 billion in revenue, growing 9% organically, with recurring revenues, representing 77% of total revenues, expanding 8% organically. Adjusted EBITDA reached $881 million, up 9%, though the margin edged down 10 basis points to 42.2%, partly due to a 50-basis-point foreign currency headwind. The company also acquired Noetica, Inc. For approximately $212 million during the quarter, adding to its professional services capabilities. Looking ahead, Thomson Reuters maintained its full-year organic revenue growth outlook of 7.5% to 8.0% and free cash flow guidance of approximately $2.1 billion, while nudging net interest expense estimates higher to reflect the impact of ongoing capital return activity.