Thomson Reuters (NASDAQ:TRI) Posts Earnings Results, Beats Expectations By $0.03 EPS

Thomson Reuters (NASDAQ:TRI) issued its quarterly earnings data on Wednesday. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03, Briefing.com reports. Thomson Reuters had a return on equity of 14.99% and a net margin of 19.93%.During the same quarter in the previous year, the firm earned $0.87 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis.

Here are the key takeaways from Thomson Reuters’ conference call:

• Revenue outlook raised: Thomson Reuters reported 8% total organic revenue growth in Q2, with Big Three growth accelerating to 10%, and raised its full-year total and organic revenue outlook to approximately 8%. Big Three guidance was increased to 9.5%–10%.
• AI momentum continued: CoCounsel surpassed one million users, with rising usage and strong early feedback on its next-generation legal product. The company plans to use its proprietary Thomson large language model to improve speed, scalability, and costs, while exploring sovereign-AI and standalone commercialization opportunities.
• Portfolio optimization and capital returns: Thomson Reuters agreed to sell a 51% stake in Global Print to KKR for approximately $500 million, which management expects to be 60–70 basis points accretive to organic growth and roughly margin-neutral after closing. Share repurchases and other capital-return actions have reduced the share count by approximately 3%.
• Tax, Audit & Accounting execution was weaker than expected: Transactional growth fell short because of timing and go-to-market challenges, prompting leadership and talent changes. Management expects improvement in the second half, aided by new AI offerings and revenue-recognition normalization.
• Near-term margin pressure remains: Q3 adjusted EBITDA margin is expected to be approximately 36%, affected by $19 million of severance, continued innovation and automation investment, marketing spending, and M&A dilution. Management maintained its full-year margin outlook of approximately 40%, relying on fourth-quarter savings and operating leverage.

Thomson Reuters Price Performance

Thomson Reuters stock traded down $10.54 during mid-day trading on Wednesday, reaching $98.61. 4,368,484 shares of the company were exchanged, compared to its average volume of 2,372,829. The firm has a market cap of $42.96 billion, a PE ratio of 28.69, a PEG ratio of 1.51 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day simple moving average of $88.27 and a 200-day simple moving average of $93.66. Thomson Reuters has a 12 month low of $76.28 and a 12 month high of $203.43.

Institutional Trading of Thomson Reuters

Large investors have recently modified their holdings of the stock. TLT Family Holdco ULC bought a new position in shares of Thomson Reuters in the second quarter worth $865,442,000. SEG Family Corp. acquired a new stake in Thomson Reuters during the second quarter worth about $659,930,000. Morgan Stanley increased its holdings in Thomson Reuters by 31.2% in the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company’s stock valued at $369,597,000 after buying an additional 665,743 shares during the period. Invesco Ltd. increased its holdings in Thomson Reuters by 9.9% in the 4th quarter. Invesco Ltd. now owns 2,476,965 shares of the company’s stock valued at $326,687,000 after buying an additional 223,722 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Thomson Reuters by 64.0% in the 3rd quarter. Bank of America Corp DE now owns 1,219,341 shares of the company’s stock valued at $189,400,000 after buying an additional 475,989 shares in the last quarter. 17.31% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Thomson Reuters

Here are the key news stories impacting Thomson Reuters this week:

• Positive Sentiment: Thomson Reuters reported second-quarter adjusted earnings of $0.99 per share, above the $0.96 analyst consensus and up from $0.87 a year earlier. Revenue increased approximately 9% year over year, while net income and margins also improved. Thomson Reuters Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Growth was particularly strong in Thomson Reuters’ core “Big 3” businesses—Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals—with organic revenue growth of approximately 10%. Thomson Reuters Reports Second-Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to approximately 8% total-company organic revenue growth and 9.5%–10% organic growth for the Big 3 segments, signaling continued demand for its professional information and AI-enabled products. Thomson Reuters Reports Higher Second-Quarter Revenue and Raises Forecast
• Neutral Sentiment: The company agreed to sell a 51% stake in its Global Print business to KKR for approximately $500 million in gross proceeds. The transaction could streamline the portfolio and provide capital, although print is a relatively small part of the broader growth story. Thomson Reuters Reports Second-Quarter 2026 Results
• Negative Sentiment: Despite the earnings and guidance beats, the stock moved lower, suggesting investors were focused on elevated expectations, valuation, or the possibility that the improved outlook was already priced in. The company’s reported full-year revenue guidance of about $8.1 billion was broadly in line with consensus, limiting the immediate upside surprise. Why Thomson Reuters Stock Is Down

Wall Street Analyst Weigh In

TRI has been the subject of several research reports. TD Securities reissued a “buy” rating on shares of Thomson Reuters in a report on Wednesday, May 6th. UBS Group set a $185.74 price objective on Thomson Reuters and gave the company a “buy” rating in a report on Thursday, April 23rd. Bank of America lowered their price objective on Thomson Reuters from $115.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Argus assumed coverage on Thomson Reuters in a report on Wednesday, April 22nd. They set a “hold” rating for the company. Finally, Scotiabank set a $138.00 target price on shares of Thomson Reuters and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.92.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.