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Thomson Reuters Reports Strong Financial Performance in Q3 2026

On November 3, 2026, Thomson Reuters (TSX: TRI, Nasdaq: TRI) unveiled its financial results for the third quarter ending September 30, 2026, showcasing noteworthy revenue growth and significant strategic maneuvers.

Revenue Growth Highlights

Thomson Reuters experienced a commendable 10% increase in total revenues, reaching approximately $1.83 billion compared to $1.66 billion in the same quarter last year. This growth is attributed largely to the performance of its key business segments, particularly the 'Big 3': Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals, which also saw a 10% organic revenue boost.

The company reported an adjusted EBITDA of $651 million with an adjusted EBITDA margin of 35.5%. This figure reflects a slight decline from the 35.8% margin recorded last year but underscores the substantial investment in technology and operational improvements aimed at sustainable growth.

Strategic Moves: Sale of Global Print Business

One of the pivotal moves in this quarter was the sale of a 51% stake in its Global Print business to private equity firm KKR. This transaction, valued at approximately $500 million and finalized on October 1, 2026, will reshape the company's operational focus, allowing it to redirect capital towards core areas of growth while still maintaining a 49% stake in the joint venture, now known as Westbridge Print.

The transaction has opened up new avenues for revenue, as Westbridge Print will pay a royalty of 20% on its revenues derived from the licensing of Thomson Reuters' content, which is anticipated to offset any stranded costs resulting from the separation.

Customer Engagement and Product Innovation

Thomson Reuters also reported positive engagement metrics for its latest product offerings. The next generation of CoCounsel Legal and CoCounsel Tax, Audit & Accounting has garnered significant interest, reflecting a strong customer demand for enhanced legal and accounting services through innovative technology solutions.

CEO Steve Hasker expressed optimism regarding the company’s innovation engine, which he believes positions Thomson Reuters well to achieve sustainable growth and long-term value for its shareholders. Ongoing discussions about commercial opportunities surrounding Thomson LLM (Legal Language Model) further bolster this outlook, indicating a promising future for the company's product lineup.

Updated Financial Outlook

In light of recent developments, Thomson Reuters has revised its full-year 2026 outlook. The updated projections indicate an approximate total revenue growth of 9.5%, with organic growth expectations around 8.5% to 9%. This adjustment excludes the performance of the Global Print segment, now categorized under discontinued operations.

The company has also noted a rise in its net interest expense outlook, now anticipated to be at the higher end of the previous guidance due to recent debt issuance and the strategic changes stemming from the Global Print transaction.

Conclusion

Thomson Reuters' performance in Q3 2026 exemplifies a resilient response to both operational challenges and market conditions. With a strong revenue increase, strategic asset divestments, and promising customer engagement, the company remains on a path of growth that is reflective of its long-term strategy to amplify shareholder value while investing in future innovations. As the company pushes forward, stakeholders will be closely watching how these developments impact its capabilities in the dynamic legal and professional services landscape.