Strong Revenue Growth in Big 3 Segments
Total company organic revenues rose 7% with the Big 3 segments growing by 9%. Legal Professionals segment accelerated to 9% organic revenue growth, driven by continued Westlaw momentum and strong double-digit growth from CoCounsel and Cocounsel drafting.
Positive Customer Feedback on AI Products
Customer feedback on the Agentic AI launches over the summer has been very positive and initial sales trends are encouraging, especially for the CoCounsel legal integrated offer, Westlaw advantage, and CoCounsel for tax, audit, and accounting.
$1 Billion Share Repurchase Program Completed
Recently completed the $1 billion share repurchase program announced in mid-August, acquiring approximately 6 million shares, indicating strong capital capacity and commitment to shareholder value.
Improved Profit Margins and EBITDA Growth
Adjusted EBITDA increased 10% to $672 million, reflecting a 240 basis point margin increase to 37.7%, higher than anticipated due to healthy operating leverage and good cost discipline.