Thomson Reuters (TRI)
NASDAQ:TRI
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.96Last Year’s EPS
0.89Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive picture: strong organic revenue growth (8% overall, 9% for the Big 3), accelerating AI adoption and clear product momentum (1M AI users, rapid adoption metrics), margin targets and EPS/Cash Flow improvements were reaffirmed, and active capital returns were executed. Offsetting items include secular print decline, subdued government growth, rising LLM and integration costs, severance charges and some near-term revenue timing shifts in Tax/Audit & Accounting. Overall, positive operational and financial momentum outweighs the manageable near-term headwinds, and management reiterated confidence in full-year guidance, margin expansion and cash generation.Company Guidance
Strong Top-Line Growth
Total company organic revenue grew 8% in Q1 2026 (up from 7% through 2025). The Big 3 segments delivered 9% organic growth, and management reaffirmed full-year organic growth guidance of 7.5%–8% with the Big 3 targeted at ~9.5%.
AI Adoption and Product Momentum
1 million users achieved for advanced AI features (through CoCounsel). Monthly CoCounsel SKUs quadrupled year-over-year; Westlaw Advantage users and deep research searches increased over 7x in the last 6 months; CoCounsel for tax and audit weekly conversations grew ~5x since September. Management highlighted progress on agentic products (Westlaw Advantage, CoCounsel Next) and proprietary Thomson LLM outperforming frontier models on legal tasks.
Profitability and Margin Expansion
Adjusted EBITDA increased 9% to $881 million with a margin of 42.2% in Q1. Big 3 adjusted EBITDA was $829 million (up 9%) with a 46.7% margin. Company reiterated full-year adjusted EBITDA margin expansion of ~100 basis points to ~40%.
Earnings and Cash Flow Strength
Adjusted EPS was $1.23, up 10% from $1.12 a year ago. Free cash flow improved 19% to $332 million (from $277 million) in Q1, and management expects full-year free cash flow of approximately $2.1 billion.
Capital Allocation Actions
Company raised the annual dividend by 10% (fifth consecutive year) and repurchased $262 million of shares in Q1. Completed a $605 million return of capital and share consolidation, reducing share count by ~9 million shares (approximately 2%). Management reiterates balanced allocation with >$9 billion estimated capital capacity through 2028.
Segment-Level Strengths
Legal professionals (excluding government) accelerated to 11% organic growth in Q1 (from 9% in Q4); Corporate grew 9% organically (driven by Pagero, Confirmation, Westlaw, CoCounsel and international businesses); Tax, Audit & Accounting grew 10% organically driven by CoCounsel for tax/audit, Latin America, SafeSend and SurePrep.
Orders and AI-Enabled ACV
Organic orders (ACV) rose 6% in the quarter, supported by LSEG data agreement and agency business. Percentage of annualized contract value from Gen AI-enabled products reached 30% (up from 28% last quarter).
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 |
|---|---|---|---|
May 06, 2026 | $95.46 | $91.75 | -3.89% |
Feb 05, 2026 | $92.88 | $87.67 | -5.61% |
Nov 05, 2025 | $144.90 | $142.57 | -1.60% |
Aug 07, 2025 | $177.27 | $178.83 | +0.88% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Thomson Reuters (TRI) earnings time?
Thomson Reuters (TRI) earnings time is at Jul 30, 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 (Q2) is 0.96.
