Thomson Reuters Corp (NASDAQ:TRI) reported first-quarter results on Tuesday that exceeded Wall Street expectations, supported by continued demand for its artificial intelligence offerings.
The company posted adjusted earnings per share of $1.23, ahead of the $1.12 analyst estimate. Revenue came in at $2.09 billion, surpassing the $1.90 billion consensus and marking a 10% increase from the prior-year period.
Shares rose 1.83% in premarket trading following the announcement.
Growth was led by the company’s core “Big 3” segments—Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals—which together accounted for 85% of total revenue and delivered 9% organic growth. Overall organic revenue increased 8%, driven in part by adoption of AI-powered products such as CoCounsel and Westlaw.
Adjusted EBITDA climbed 9% to $881 million, although the margin edged slightly lower to 42.2% from 42.3% a year earlier.
“Our positive momentum reflects the trust professionals place in Thomson Reuters in the moments that matter most,” said Steve Hasker, President and CEO.
“Across law, tax, audit and compliance, professionals accountable for high-stakes outcomes are choosing our AI products, built to the standards their work demands.”
Segment performance showed consistent growth, with Legal Professionals posting 9% organic revenue growth and $365 million in adjusted EBITDA. The Corporates segment also grew 9% organically, generating $243 million in adjusted EBITDA, while Tax, Audit & Accounting Professionals delivered 10% organic growth with $221 million in adjusted EBITDA.
Looking ahead, Thomson Reuters reaffirmed its full-year 2026 outlook for 7.5% to 8.0% organic revenue growth and approximately $2.1 billion in free cash flow. However, it raised its net interest expense forecast to between $180 million and $190 million, up from the prior range of $150 million to $160 million, reflecting the impact of its $1.2 billion share repurchase program.
For the second quarter, the company expects organic revenue growth of 7% to 8% and an adjusted EBITDA margin of around 38%.