Strong Organic Revenue Growth
Total company organic revenues rose 7% with the Big 3 segments growing by 9%. Legal organic revenue grew 8%, Corporates by 9%, and Tax & Accounting by 11%.
Margin and Profit Performance
Adjusted EBITDA increased 5% to $678 million, reflecting a 70 basis point margin increase to 37.8%, higher than anticipated due to healthy operating leverage and timing of expenses.
Innovation and Product Launches
Significant investment in agentic AI with new product launches including CoCounsel for tax, audit, and accounting, and Ready to Review and Ready to Advise, aimed at automating complex multistep tasks.
Strong Capital Position
Repayment of $1 billion maturing bond issue, maintaining a strong net leverage of 0.5x, with an estimated $10 billion of capital capacity through 2027.