Thomson Reuters Corporation (NASDAQ:TRI) reported stronger-than-expected third-quarter 2026 results on Tuesday, supported by revenue growth across its core professional information businesses and continued customer interest in its artificial intelligence products. The company delivered adjusted earnings per share of $0.81, exceeding the analyst consensus estimate of $0.71, while quarterly revenue increased 10% year over year to $1.83 billion.
The financial information and technology provider also updated its full-year outlook following the sale of a majority stake in its Global Print business to KKR. Thomson Reuters now expects approximately 9.5% total revenue growth for 2026, with organic revenue growth of between 8.5% and 9.0%.
The company’s three principal operating segments, collectively known as the “Big 3,” continued to drive performance, generating 10% organic revenue growth and accounting for 88% of total revenue.
How Much Did Thomson Reuters Beat Earnings Expectations?
Thomson Reuters reported adjusted earnings per share of $0.81 for the third quarter, surpassing Wall Street’s consensus estimate of $0.71.
The result represented an earnings beat of $0.10 per share, or approximately 14.1% above expectations.
Quarterly revenue reached $1.83 billion, compared with $1.66 billion in the corresponding period of 2025.
The 10% annual increase reflected continued expansion across the company’s professional information, software and technology services.
Growth was particularly strong within the Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals segments.
These businesses benefited from demand for professional workflow solutions and the company’s expanding range of AI-enabled products.
Why Are the Big 3 Segments Important to Revenue Growth?
Thomson Reuters’ three core operating divisions, known as the Big 3, delivered organic revenue growth of 10% during the third quarter.
The group comprises Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals.
Together, these businesses represented approximately 88% of the company’s total quarterly revenue.
Their performance highlighted the importance of professional software, information services and workflow technology to Thomson Reuters’ financial results.
The Big 3 businesses serve legal practitioners, corporate departments, accounting professionals and tax specialists.
Their continued growth supported the company’s consolidated revenue increase and contributed to management’s updated full-year expectations.
Legal Professionals Revenue Rises 9% to $788 Million
The Legal Professionals segment generated third-quarter revenue of $788 million, representing an increase of 9% compared with the prior-year period.
The division provides legal research, information and technology solutions designed to support law firms and legal professionals.
The revenue increase reflected continued demand for the company’s legal services and technology offerings.
Thomson Reuters has been expanding its AI capabilities within this business, including through its CoCounsel Legal platform.
The company highlighted encouraging customer engagement with the next generation of CoCounsel Legal during the quarter.
The segment remained the largest of the Big 3 businesses by reported revenue.
Corporates Segment Delivers 11% Revenue Growth
Thomson Reuters’ Corporates segment reported revenue of $544 million during the third quarter.
The figure represented an 11% increase compared with the corresponding period last year.
The division provides information, software and workflow solutions to corporate customers across professional functions.
The increase contributed to the broader growth recorded across the company’s core businesses.
Corporates was one of two Big 3 segments to report double-digit revenue growth during the quarter.
Its performance reinforced the importance of corporate customers to Thomson Reuters’ recurring professional information and technology operations.
Tax, Audit & Accounting Revenue Increases 11%
The Tax, Audit & Accounting Professionals segment recorded third-quarter revenue of $276 million, representing an 11% increase year over year.
The division provides technology, information and workflow solutions for tax specialists, accountants and audit professionals.
The growth coincided with the company’s introduction of the next generation of CoCounsel Tax, Audit & Accounting.
Thomson Reuters is extending its artificial intelligence capabilities across professional workflows, including tasks associated with tax preparation, accounting and auditing.
The segment’s double-digit revenue growth contributed to the overall performance of the Big 3 businesses.
How Is Artificial Intelligence Supporting Thomson Reuters’ Strategy?
Thomson Reuters highlighted continued customer interest in its AI-powered CoCounsel products as an important development during the quarter.
President and Chief Executive Officer Steve Hasker said the company’s financial performance exceeded its previous expectations.
“We are pleased with our third-quarter momentum, as revenue growth and margins came in ahead of our prior expectations,” Hasker said.
He also pointed to the company’s recent AI product developments.
“Customer engagement with the next generation of CoCounsel Legal has been very encouraging, and we are excited about the recent launch of the next generation of CoCounsel Tax, Audit & Accounting.”
The comments reflected Thomson Reuters’ efforts to integrate generative artificial intelligence into professional software and information services.
CoCounsel products are designed to support professionals by incorporating AI capabilities into their existing workflows.
The company’s continued development of these tools forms part of its broader strategy to expand its technology offerings across legal, corporate, tax and accounting markets.
Adjusted EBITDA Grows 10%, but Margin Edges Lower
Thomson Reuters reported adjusted EBITDA of $651 million for the third quarter, representing an increase of 10% compared with the prior-year period.
Despite the higher earnings figure, the adjusted EBITDA margin declined slightly to 35.5%.
That compared with 35.8% in the corresponding quarter of 2025.
The reduction represented a decrease of 0.3 percentage points.
The results showed that adjusted EBITDA grew alongside revenue, although the proportion of revenue converted into adjusted EBITDA was marginally lower than a year earlier.
Management nevertheless indicated that both revenue growth and margins exceeded its previous expectations for the quarter.
The company expects a stronger adjusted EBITDA margin during the fourth quarter.
Why Did Thomson Reuters Update Its Full-Year Guidance?
Thomson Reuters revised its 2026 financial outlook following the sale of a 51% stake in its Global Print business to investment firm KKR.
The transaction was completed on October 1, 2026.
As a result, the company’s updated guidance excludes the Global Print business.
The change reflects the revised composition of Thomson Reuters’ operations following the transaction.
The company now expects total revenue growth of approximately 9.5% for the full year.
Organic revenue growth is forecast at between 8.5% and 9.0%.
Thomson Reuters also anticipates an adjusted EBITDA margin of approximately 39%.
The updated outlook reflects the company’s continuing operations after the Global Print transaction rather than a directly comparable increase against its previous guidance.
What Is Thomson Reuters Forecasting for the Fourth Quarter?
For the fourth quarter of 2026, Thomson Reuters expects organic revenue growth of approximately 8%.
The company also forecasts an adjusted EBITDA margin of approximately 42%.
The projected margin represents an increase from the 35.5% reported during the third quarter.
The guidance indicates that management anticipates stronger profitability relative to revenue during the final three months of the year.
The fourth-quarter forecast follows a period of continued growth across the company’s professional information and technology businesses.
Investors will be monitoring whether Thomson Reuters can maintain its organic revenue momentum while achieving the expected improvement in adjusted EBITDA margin.
How Has Thomson Reuters Managed Share Repurchases and Financing?
Thomson Reuters completed its $600 million share repurchase programme, which was originally announced in February 2026.
The programme involved the repurchase of company shares as part of its capital allocation activities.
The company also issued $2.0 billion in notes during September.
The debt issuance represented a significant financing transaction during the quarter.
Together, the completed share repurchase programme and note issuance were notable developments in the company’s financial activities during 2026.
The announcement did not provide further details about the intended use of the note proceeds.
Outlook: What Could Drive Thomson Reuters’ Next Phase of Growth?
Thomson Reuters’ third-quarter results demonstrated continued expansion across its core professional information and technology businesses.
Adjusted earnings per share of $0.81 exceeded analyst expectations, while revenue increased 10% to $1.83 billion.
The Big 3 segments generated 10% organic revenue growth and accounted for 88% of total revenue.
Legal Professionals revenue increased 9% to $788 million, while Corporates and Tax, Audit & Accounting Professionals each recorded growth of 11%.
Adjusted EBITDA rose 10% to $651 million, although the related margin declined slightly to 35.5%.
Following the sale of a majority stake in Global Print, the company updated its full-year outlook to reflect its continuing operations, forecasting approximately 9.5% total revenue growth and organic growth of 8.5% to 9.0%.
Management expects an adjusted EBITDA margin of approximately 39% for the full year and 42% during the fourth quarter.
Looking ahead, investors will be monitoring customer adoption of the next generation of CoCounsel Legal and CoCounsel Tax, Audit & Accounting, alongside continued growth in the company’s professional software businesses.
The ability to sustain organic revenue growth while expanding profitability will remain central to Thomson Reuters’ financial performance.
More About Thomson Reuters Corporation
Thomson Reuters Corporation is a global information services and technology company providing software, data, research and workflow solutions to professional customers.
Its principal markets include legal services, corporate operations, tax, audit and accounting.
The company’s products help professionals access specialised information, manage complex processes and support business decision-making.
Thomson Reuters has expanded its investment in artificial intelligence, including through its CoCounsel family of AI-powered professional tools.
The company serves law firms, corporate legal departments, accounting firms, tax professionals and other organisations requiring specialised information and technology services.
Its business strategy focuses on providing professional content and software integrated into customers’ daily workflows.