Thomson Reuters Q2 revenue rises 9%, beats estimates
TRI•Q2 revenue and EPS beat estimates
Thomson Reuters said second-quarter revenue rose 9% year over year, beating analyst expectations, while adjusted EPS also beat estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $1.95 bln | $1.91 bln (10 Analysts) |
| Q2 Adjusted EPS | Beat | $0.99 | $0.96 (12 Analysts) |
| Q2 EPS | $1.02 | ||
| Q2 Organic Revenue Growth | 8% |
Growth drivers and segment performance
The Canada-based data and software provider said its Big 3 segments — Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals — delivered 10% organic revenue growth, driving overall results.
Recurring revenues rose 9%, led by Westlaw and CoCounsel, contributing to the revenue increase.
Transactions revenues increased 16%, driven by products including CLEAR, Pagero, Confirmation, Trust, Checkpoint, Indirect Tax, SafeSend and international business.
