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Thomson Reuters (TRI)
NASDAQ:TRI
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
1.13Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths—consistent organic revenue growth across core segments, margin expansion, healthy free cash flow, a clear AI product roadmap with early commercial validation, and disciplined capital allocation (dividend increase, completed buyback, strategic tuck-ins). Near-term challenges were acknowledged (print decline, government cancellations, severance costs, and some finance-related impacts), but management reaffirmed 2026 guidance and outlined confidence in continued margin expansion and stronger revenue acceleration driven by AI-enabled offerings. Overall, the positives (growth, margins, cash generation, AI traction, capital returns) materially outweigh the highlighted headwinds.Company Guidance
Consistent Revenue Growth
Full-year organic revenue grew 7% (2025). Fourth-quarter organic revenue grew 7% year-over-year. The Big Three segments collectively delivered 9% organic revenue growth in the quarter (Legal Professionals +9%, Corporates +9%, Tax, Audit & Accounting +11%, Reuters +5%).
Profitability and Margin Expansion
Adjusted EBITDA for the full year increased to $2.9 billion (up ~6% year-over-year) with adjusted EBITDA margin expanding 100 basis points to 39.2% for 2025. Q4 adjusted EBITDA was $777 million, up 8% versus Q4 2024, with a margin of 38.7% (up 110 bps). Adjusted EPS for the year was $3.92 versus $3.77 prior year; Q4 adjusted EPS was $1.07 versus $1.01 prior year.
Strong Free Cash Flow and Capital Allocation
Full-year free cash flow was $1.95 billion, slightly ahead of the ~$1.9 billion outlook. The company completed a $1 billion share repurchase program, invested ~$850 million in four strategic bolt-on acquisitions, and announced a 10% increase in the annual dividend to $2.62. Management estimates $11 billion of capital capacity through 2028 and reiterated a balanced capital allocation approach.
Reaffirmed 2026 Financial Framework
Management reaffirmed 2026 guidance: total organic revenue growth 7.5%–8% and ~9.5% for the Big Three, adjusted EBITDA margin expected to expand another 100 basis points in 2026 (and management expects the same annual expansion in 2027 and 2028). 2026 free cash flow is forecast at approximately $2.1 billion.
AI Product Launches and Early Commercial Success
Launched and expanded AI-enabled product portfolio (Westlaw Advantage, CoCounsel legal, CoCounsel for Tax & Audit, Ready to Advise/Review). Early commercial momentum and customer wins highlighted (including Microsoft). GenAI-enabled products represent 28% of annualized contract value (ACV), up from 24% last quarter.
Operational Productivity Gains from AI
Notable internal AI-driven improvements: >85% of employees active on OpenArena; ~300 AI use cases in development; call center average handle time reduced by 15% and first-call resolution increased by 10%; US content delivery to Westlaw accelerated by 25% through content-processing automation.
TRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $92.85 | $87.64 | -5.61% |
Nov 05, 2025 | $144.86 | $142.54 | -1.60% |
Aug 07, 2025 | $177.23 | $178.79 | +0.88% |
May 01, 2025 | $182.56 | $182.32 | -0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Thomson Reuters (TRI) report earnings?
Thomson Reuters (TRI) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Thomson Reuters (TRI) earnings time?
Thomson Reuters (TRI) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRI EPS forecast?
TRI EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.
