Thomson Reuters (NYSE:TRI) Announces Quarterly Earnings Results

Thomson Reuters (NYSE:TRI) (TSE:TRI) posted its quarterly earnings data on Thursday. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a net margin of 30.45% and a return on equity of 14.62%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share.

Here are the key takeaways from Thomson Reuters’ conference call:

• Thomson Reuters says it met its 2025 targets and reaffirmed 2026 guidance for total organic revenue growth of 7.5%–8% (≈9.5% for the Big Three), with an expected 100 bps EBITDA margin expansion and ~ $2.1B free cash flow in 2026.
• Management highlighted accelerating commercial traction for its AI products — notably Westlaw Advantage, CoCounsel Legal and CoCounsel for Tax & Audit — citing early wins (including Microsoft) as validation of its agentic AI strategy.
• The company says internal AI adoption is broad (85% of employees, 300+ use cases) and expects meaningful productivity gains that underpin a commitment to 100 bps of annual EBITDA margin improvement through 2028.
• Near-term costs and headwinds include $19M of severance in Q4, ~ $10M more expected in Q1 tied to automation, plus higher-than-forecast interest expense (partly from the pace of share repurchases) which trimmed net interest income.
• Capital allocation remains active: the company completed a $1B NCIB in 2025, raised the dividend 10% to $2.62, and says it has ~ $11B of capital capacity through 2028 while targeting a ~75% free-cash-flow return policy (management views further buybacks as attractive).

Thomson Reuters Stock Performance

TRI stock traded down $6.29 during trading hours on Thursday, reaching $87.27. The stock had a trading volume of 6,044,041 shares, compared to its average volume of 1,820,555. Thomson Reuters has a fifty-two week low of $85.02 and a fifty-two week high of $218.42. The stock has a 50-day simple moving average of $126.70 and a 200 day simple moving average of $151.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market capitalization of $38.83 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 5.67 and a beta of 0.79.

Trending Headlines about Thomson Reuters

Here are the key news stories impacting Thomson Reuters this week:

• Positive Sentiment: Q4 beat on EPS and showed revenue growth: EPS was $1.07 vs. a $1.06 consensus and total revenue rose ~5% year‑over‑year, driven by Legal, Tax & Accounting and Corporates. This supports the company’s profitability profile. MarketBeat Earnings Summary
• Positive Sentiment: Management met full‑year 2025 outlook and raised the annual dividend 10% to $2.62, signaling confidence in cash flow and capital allocation. The company highlighted ongoing AI investments that it says are accelerating product innovation. PR Newswire Release
• Neutral Sentiment: FY‑2026 outlook highlights: organic revenue growth target of ~7.5%–8.0% and adjusted EBITDA margin expansion (~100 bps). Revenue guidance given as $8.0–8.1B (vs. Street ~ $8.1B). The revenue range is roughly in line with consensus but leaves little upside. PR Newswire Guidance
• Neutral Sentiment: Investor materials available: transcript, press release and slide deck from the earnings release (useful for digging into segment trends and margin drivers). Slide Deck / Press Materials
• Negative Sentiment: Analysts trimmed price targets recently (Canaccord cut to $130; RBC lowered its target to $155 and moved to sector perform), which increases near‑term downward pressure and suggests less bullish sentiment from some sell‑side shops. BayStreet Analyst Notes
• Negative Sentiment: Investor concern about AI competition: press coverage notes investors are weighing the impact of AI firms entering Thomson Reuters’ markets for legal/workflow tools — a risk to growth and pricing power over time. Reuters Article

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRI. Morgan Stanley set a $165.00 target price on Thomson Reuters and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Scotiabank reaffirmed an “outperform” rating and set a $189.00 price target (down previously from $200.00) on shares of Thomson Reuters in a research report on Wednesday, November 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Thomson Reuters in a report on Wednesday, November 5th. CIBC set a $183.00 price target on shares of Thomson Reuters and gave the company an “outperformer” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group set a $186.00 price target on shares of Thomson Reuters and gave the company a “buy” rating in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.27.

Institutional Investors Weigh In On Thomson Reuters

A number of large investors have recently made changes to their positions in TRI. TLT Family Holdco ULC acquired a new stake in Thomson Reuters during the second quarter worth about $865,442,000. SEG Family Corp. acquired a new position in shares of Thomson Reuters during the second quarter valued at $659,930,000. Invesco Ltd. lifted its position in Thomson Reuters by 461.1% in the 3rd quarter. Invesco Ltd. now owns 2,253,243 shares of the business services provider’s stock worth $349,996,000 after buying an additional 1,851,677 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Thomson Reuters by 64.0% in the 3rd quarter. Bank of America Corp DE now owns 1,219,341 shares of the business services provider’s stock worth $189,400,000 after acquiring an additional 475,989 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Thomson Reuters by 164.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 510,450 shares of the business services provider’s stock valued at $79,295,000 after purchasing an additional 317,308 shares during the last quarter. 17.31% of the stock is currently owned by institutional investors.

About Thomson Reuters

Thomson Reuters (NYSE: TRI) is a multinational information and media company that provides content, technology and services to professionals in the legal, tax & accounting, compliance, risk, corporate and media sectors. Headquartered in Toronto, Canada, the company combines news and editorial content from the Reuters news agency with specialist workflow platforms and databases designed to support decision-making and regulatory compliance across industries worldwide.

The company’s product portfolio spans legal research and workflow tools, tax and accounting software, regulatory and risk management solutions, and real-time news and data services.