The earnings call reflected a strong overall performance with significant growth in key areas like Tax & Accounting and product innovation through AI. However, the decline in Global Print revenue and anticipated lower margins in the third quarter present some challenges.

Company Guidance

During Thomson Reuters' second quarter 2025 earnings call, the company reaffirmed its full-year outlook while reporting a 7% organic revenue growth, with the Big 3 segments achieving a 9% increase. The adjusted EBITDA margin rose by 70 basis points to 37.8%, exceeding expectations due to favorable revenue flow-through and expense timing. CEO Steve Hasker highlighted double-digit organic growth in key products like CoCounsel and SurePrep. The company announced several innovative product launches leveraging agentic AI, which are designed to enhance efficiency and effectiveness in legal and tax accounting sectors. Thomson Reuters maintained a strong capital position, having repaid a $1 billion bond and achieved a net leverage of 0.5x. For the full year, the company expects organic revenue growth of 7% to 7.5%, a 39% adjusted EBITDA margin, and approximately $1.9 billion in free cash flow.

Strong Organic Revenue Growth

Total company organic revenues rose 7% with the Big 3 segments growing by 9%.

Innovative Product Launches

Thomson Reuters announced several product launches leveraging agentic AI, enhancing capabilities in Legal and Tax & Accounting portfolios.

Solid Financial Performance

Adjusted EBITDA increased 5% to $678 million, with a 70 basis point margin increase to 37.8%.

Strong Capital Position

Repayment of a $1 billion bond issue with a net leverage of only 0.5x, maintaining $10 billion capital capacity through 2027.

Tax & Accounting Growth

Organic revenues for Tax & Accounting grew 11%, driven by Latin American and U.S. businesses.

Thomson Reuters (TRI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.83 / -	0.806	―	―	―
Aug 07, 2025	2025 (Q2)	0.82 / 0.87	0.855	1.70% (+0.01)
May 01, 2025	2025 (Q1)	1.08 / 1.13	1.107	1.84% (+0.02)
Feb 06, 2025	2024 (Q4)	1.00 / 1.05	0.96	9.62% (+0.09)
Nov 05, 2024	2024 (Q3)	0.77 / 0.81	0.828	-2.64% (-0.02)
Aug 01, 2024	2024 (Q2)	0.82 / 0.86	0.815	4.91% (+0.04)
May 02, 2024	2024 (Q1)	0.94 / 1.11	0.812	36.26% (+0.29)
Feb 08, 2024	2023 (Q4)	0.90 / 0.96	0.712	34.83% (+0.25)
Nov 01, 2023	2023 (Q3)	0.70 / 0.83	0.565	46.46% (+0.26)
Aug 02, 2023	2023 (Q2)	0.73 / 0.82	0.561	45.40% (+0.25)

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
Aug 07, 2025	$179.35	$180.94	+0.89%
May 01, 2025	$184.74	$184.50	-0.13%
Feb 06, 2025	$167.53	$175.12	+4.53%
Nov 05, 2024	$162.81	$168.85	+3.71%

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.