Thomson Reuters sees Q3 organic revenue growth of about 9% excluding Global Print
TRI•Thomson Reuters’ third-quarter 2026 outlook excluding Global Print implies about 9% organic revenue growth and a 35% adjusted EBITDA margin, versus about 8% growth and a 36% margin in its August 5 outlook including Global Print. The company said the October 1 sale of a 51% stake in Global Print is expected to add 60–70 basis points to annual organic revenue growth; revised full-year guidance is due November 3.
1. Updated outlook
Thomson Reuters’ third-quarter 2026 outlook excluding Global Print implies approximately 9% organic revenue growth and an approximately 35% adjusted EBITDA margin. Its August 5 outlook, which included Global Print, projected approximately 8% organic revenue growth and an approximately 36% adjusted EBITDA margin.
2. Global Print transaction
Thomson Reuters sold a 51% stake in Global Print to KKR-advised capital accounts on October 1, forming the Westbridge Print joint venture. The transaction is expected to be approximately neutral to adjusted EBITDA margin following closing, while adding 60–70 basis points to annual organic revenue growth. Royalty payments and transition-service reimbursements should largely offset stranded costs from the fourth quarter; revised full-year guidance is due November 3, 2026.
