Thomson Reuters releases transcript of Q2 2026 earnings call
TRI•AI product updates
CoCounsel topped 1,000,000 users, and management cited rising daily usage. The next-generation, fully agentic CoCounsel Legal is set for a broader launch this month.
The company also unveiled a production-ready Thomson LLM, with about $40 million invested. It said the model was trained on under 10% of legal content, and that Tabular Analysis will run on Thomson this month.
Q2 results and updated outlook
Thomson Reuters posted the transcript of its Q2 2026 earnings call attended by CEO Stephen Hasker, CFO Gary Bischoping and IR head Gary Bisbee.
- Raised 2026 outlook for total organic revenue growth to about 8%; lifted Big 3 organic revenue growth view to 9.5%-10%.
- Reported Q2 organic revenue growth of 8%; adjusted EBITDA of $745 million; adjusted EPS of $0.99; and free cash flow of $727 million.
Global Print transaction and margin impact
The company signed a definitive deal with KKR to sell 51% of Global Print for about $500 million and expects the deal to close in Q4. It plans to treat Global Print as a discontinued operation from Q3.
Management said the Global Print deal is expected to add 60-70 basis points to organic revenue growth, with a 20% royalty on JV professional revenue and a margin impact that should be near neutral.
