Thomson Reuters Q3 Revenue Up 10%, Reaffirms Big 3 Outlook Post-Global Print
TRI sits 61% above its 52-week low of $76.28.
Summary
Thomson Reuters posted 10% organic revenue growth and $0.81 adjusted EPS in Q3, then reset full-year 2026 guidance to continuing operations after closing the Global Print sale to KKR. Big 3 segment guidance is unchanged.
Key Events · Earnings and Guidance · TRI
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Q3 Revenue Up 10% Organic
Revenues rose 10% to $1,833M, with organic growth of 10% and the Big 3 segments also up 10% organically.
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Adjusted EPS Up 14%
Adjusted EBITDA rose 10% to $651M at a 35.5% margin, and adjusted EPS climbed to $0.81 from $0.71; IFRS diluted EPS fell to $0.78 from $0.94 on lower operating profit.
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FY2026 Outlook Rebased
Continuing-operations guidance calls for ~9.5% total revenue growth, 8.5%-9.0% organic growth and a ~39% adjusted EBITDA margin; Big 3 guidance is unchanged at 9.5%-10.0% growth.
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Global Print Sale Closed
The 51% Global Print stake sale to KKR closed October 1, 2026 for ~$500M gross proceeds, with a 20% royalty on Professional revenues and 60-70bp accretion to organic growth.
Analysis · TRI · Manufacturing
Thomson Reuters delivered 10% organic revenue growth and $651M in adjusted EBITDA for Q3, with adjusted EPS up 14% to $0.81. After closing the Global Print sale to KKR, the company rebased its full-year 2026 outlook to continuing operations, guiding to ~9.5% total revenue growth and a ~39% adjusted EBITDA margin. The Big 3 segments' guidance is unchanged—a key point, since that is the core growth engine. The main blemish: IFRS operating profit fell 22% to $402M and diluted EPS slipped to $0.78, largely reflecting a prior-year gain on the Elite stake sale. Separately, the company will delist three TR Finance LLC note series from Nasdaq—a housekeeping move that leaves the notes' terms unchanged.
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At the time of this filing, TRI was trading at $122.49 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $53B. The 52-week trading range was $76.28 to $160.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.