Thomson Reuters Q1 Revenues Rise 10%, Raises Dividend 10% and Returns $605M
Thomson Reuters delivered 10% revenue growth in Q1 to $2.087 billion, with organic revenues up 8% and “Big 3” segments growing 9%; diluted EPS rose 7% to $1.03 while adjusted EPS jumped 10% to $1.23. The company raised its dividend 10% to $2.62, returned $605 million of capital and repurchased $262 million of shares.
1. Q1 Financial Results
Thomson Reuters reported first-quarter revenues of $2,087 million, up 10%, driven by 8% organic growth. Operating profit rose 14% to $639 million, diluted EPS increased 7% to $1.03 and adjusted EPS climbed 10% to $1.23, while adjusted EBITDA reached $881 million and free cash flow hit $332 million.
2. Capital Return Initiatives
On May 4, the company completed a $605 million capital return via share consolidation, reducing the share count by approximately 6.5 million. It also repurchased $262 million of common shares under its $600 million buyback program and boosted its dividend 10% to $2.62 per share.
3. Segment Performance and Margins
The “Big 3” segments—Legal Professionals, Corporates and Tax, Audit & Accounting—delivered 9% organic revenue growth, led by 10% growth in Tax, Audit & Accounting. Reuters revenues rose 6%, Global Print fell 5%, and the total adjusted EBITDA margin remained strong at 42.2%.