Thomson Reuters Reports First-Quarter 2026 Results

Thomson Reuters (TSX/Nasdaq: TRI) today reported results for the first quarter ended March 31, 2026:Strong revenue growth in the first quarter Total company revenues up 10% / organic revenues up 8% Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax, Audit & Accounting Professionals) Maintained full-year 2026 outlook for organic revenue growth, adjusted EBITDA margin and free cash flow Increased annualized common share dividend by 10% to $2.62, announced February 2026 Completed $605 million return of capital transaction on May 4; and reduced share count by approximately 6.5 million shares by way of share consolidation transaction Repurchased $262 million, or 2.5 million common shares under the $600 million share repurchase program announced on February 25, 2026"We have delivered an encouraging start to 2026," said Steve Hasker, President and CEO of Thomson Reuters. "Our positive momentum reflects the trust professionals place in Thomson Reuters in the moments that matter most. Across law, tax, audit and compliance, professionals accountable for high‑stakes outcomes are choosing our AI products, built to the standards their work demands - grounded in authoritative content, designed and tested by our domain experts, and created to produce results that can be verified and audited under real‑world scrutiny. We call this 'fiduciary-grade AI.'"Consolidated Financial Highlights - Three Months Ended March 31 Three months ended March 31, (Millions of U.S. dollars, except for EPS) (unaudited) IFRS Financial Measures(1) 2026 2025 Change Revenues $2,087 $1,900 10 % Operating profit 639 563 14 % Diluted earnings per share (EPS) $1.03 $0.96 7 % Net cash provided by operating activities $505 $445 13 % Non-IFRS Financial Measures(1) 2026 2025 Change Change at Constant Currency Revenue growth in constant currency 8 % Organic revenue growth 8 % Adjusted EBITDA $881 $809 9 % 9 % Adjusted EBITDA margin 42.2 % 42.3 % -10bp 40bp Adjusted EPS $1.23 $1.12 10 % 10 % Free cash flow $332 $277 19 % (1) In addition to results reported in accordance with International Financial Reporting Standards (IFRS), the company uses certain non-IFRS financial measures as supplemental indicators of its operating performance and financial position. See the "Non-IFRS Financial Measures" section and the tables appended to this news release for additional information on these and other non-IFRS financial measures, including how they are defined and reconciled to the most directly comparable IFRS measures. Revenues increased 10% due to 10% growth in recurring revenues (77% of total revenues) and 15% growth in transactions revenues, partly offset by a 4% decline in Global Print. Total company revenue growth benefited approximately 1% from foreign currency and 1% from net acquisitions and disposals.Organic revenues increased 8% reflecting 8% growth in recurring revenues, 10% growth in transactions revenues and a 5% decline in Global Print. The company's "Big 3" segments reported organic revenue growth of 9% and collectively comprised 85% of total revenues.Operating profit increased 14% primarily due to net impact of higher revenues and operating expenses.Adjusted EBITDA increased 9% primarily due to the same factors that impacted operating profit. The related margin decreased to 42.2% from 42.3% in the prior-year period. Foreign currency negatively impacted the year-over-year change in adjusted EBITDA margin by 50 basis points.Diluted EPS increased to $1.03 per share compared to $0.96 per share in the prior-year period as higher operating profit was partly offset by lower results from discontinued operations and higher net interest expense. Diluted EPS also benefited from a reduction in weighted-average common shares outstanding due to share repurchases.Adjusted EPS, which excludes discontinued operations, as well as other adjustments, increased to $1.23 per share compared to $1.12 per share in the prior-year period, primarily due to higher adjusted EBITDA partly offset by higher net interest expense. Adjusted EPS also benefited from a reduction in weighted-average common shares.Net cash provided by operating activities increased by $60 million primarily due to higher cash benefits from the net impact of higher revenues and operating expenses.Free cash flow increased by $55 million primarily due to the increase in net cash provided by operating activities. Highlights by Customer Segment – Three Months Ended March 31Read More

Thomson Reuters Reports First-Quarter 2026 Results

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