Thomson Reuters updates 2026 outlook to exclude global print business
TRI•Thomson Reuters reported third-quarter revenue of $1.833 billion and adjusted EPS of $0.81, below estimates of $1.874 billion and $0.89. It updated its 2026 outlook to exclude the global print business, forecasting about 9.5% revenue growth and an adjusted EBITDA margin of about 39%.
1. Third-quarter results
Thomson Reuters reported third-quarter revenue of $1.833 billion, compared with an estimate of $1.874 billion, and adjusted EPS of $0.81, versus an estimate of $0.89. EPS was $0.78, and organic revenue growth was 10%.
2. Updated 2026 outlook
The company updated its full-year 2026 outlook to exclude the global print business. It forecast revenue growth of about 9.5%, organic growth of about 8.5% to 9%, and an adjusted EBITDA margin of about 39%. It expects fourth-quarter organic revenue growth of about 8% and an adjusted EBITDA margin of about 42%.
3. Segment growth
Third-quarter revenue increased 9% at constant currency in Legal Professionals, 13% in Reuters, and 10% in Tax, Audit & Accounting Professionals. Thomson Reuters said customer discussions about commercial opportunities for Thomson LLM continue and that it remains optimistic about its potential.
