Thomson Reuters Updates Outlook as Q3 2026 Revenue Climbs 10%
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Thomson Reuters updated its full-year forecast, excluding its Global Print business as revenue climbed 10% in the third quarter. The company's revised 2026 outlook includes:
- Total revenue growth of about 9.5%
- Organic revenue growth of 8.5% to 9.0%
- Adjusted EBITDA margin of approximately 39%
Previously, the outlook included Global Print, projecting total and organic revenue growth of about 8.0%.
Key Takeaways:
- Revenue Drivers: Organic revenue rose 10%, with strong growth across all three "Big 3" segments: Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals.
- Earnings: Adjusted EBITDA increased 10%, while the margin dipped slightly to 35.5% year-over-year. Adjusted earnings per share reached 81 cents, exceeding the 71 cents expected.
- Sales and Purchases: Thomson Reuters closed the sale of a 51% stake in Global Print for $500 million and issued $2.0 billion in notes in September, while completing a $600 million share repurchase program.
Reference:
Quartz (Original Source)