Thomson Reuters Q2: Big 3 Organic Growth Hits 10%, Full-Year Outlook Raised
TRI sits 43% above its 52-week low of $76.28 on elevated volume (2.7× avg).
Summary
Thomson Reuters posted Q2 2026 results featuring 10% organic revenue growth in its Big 3 segments, raised its full-year revenue outlook, and highlighted progress on its Global Print JV with KKR.
Key Events · Earnings and Guidance · TRI
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Big 3 Organic Revenue +10%
Organic revenue in the Legal Professionals, Corporates, and Tax & Accounting segments rose 10%, powered by Westlaw, CoCounsel, and CLEAR.
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Raised Full-Year 2026 Outlook
The full-year organic revenue growth outlook was raised to ~8.0% for the total company and 9.5%–10.0% for the Big 3, reflecting a robust first half.
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Adjusted EBITDA Margin Expands
Driven by operating leverage, adjusted EBITDA margin expanded 30 basis points to 38.1%, while adjusted EPS climbed 14% to $0.99.
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$600M Buyback Completed
The $600 million share repurchase program was completed, retiring 6.2 million shares, alongside the repayment of $500 million in maturing notes.
Analysis · TRI · Manufacturing
A strong second quarter saw organic revenue climb 10% in the core Big 3 segments—Legal, Corporates, and Tax & Accounting—pulling total company organic growth to 8%. Adjusted EBITDA margin widened 30 basis points to 38.1%, and adjusted EPS advanced 14% to $0.99. Reflecting confidence in sustained momentum, management lifted its full-year 2026 revenue growth forecast to approximately 8.0% for the total company and 9.5%–10.0% for the Big 3. The period also marked the completion of the $600 million buyback and the repayment of $500 million in notes, while the Global Print joint venture with KKR remains on schedule to close in Q4, further sharpening the focus on AI-powered professional solutions.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 35.8% of the 1190 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TRI was trading at $109.15 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $47.6B. The 52-week trading range was $76.28 to $207.27. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.