Thomson Reuters Lifts Revenue Guidance After Growth in Second Quarter

By Robb M. Stewart

Thomson Reuters bumped up its revenue targets for the year after logging double-digit growth across its three big business segments in the latest quarter.

The Canadian news and information provider recorded second-quarter net earnings of $448 million, or $1.02 a share, up from $313 million, or 69 cents, a year earlier.

On an adjusted basis, per-share earnings for the three months rose to 99 cents, beating the 96 cents analysts polled by FactSet forecast.

Revenue for the quarter increased 9.5% to $1.95 billion, compared with the $1.91 billion mean forecast. Growth benefited about 1% from foreign currency and 1% from net acquisitions and disposals, the company said.

Revenue from its legal professionals segment was up 10% to $772 million, revenue from its tax, audit and accounting professionals business increased 14% to $311 million, and revenue from its corporates arm climbed 12% to $537 million.

For 2026, Thomson Reuters said it expects revenue to grow 8%, the top end of a 7.5% to 8% range set earlier in the year and a faster pace than the 3% advance it recorded in 2025. Revenue for its so-called big three business segments is forecast to rise by between 9.5% and 10%, where it had been aiming for 9.5% growth.

The company continues to anticipate its 2026 adjusted earnings before interest, taxes, depreciation and amortization margin will expand 1 percentage point on 2025's 39.2% and that free cash flow will rise to $2.1 billion from last year's $1.95 billion.

Reuters has been ramping up spending on artificial intelligence for its products, particularly those aimed at legal professionals. In May, the company said it was integrating Anthropic's Claude into its CoCounsel Legal artificial-intelligence tool.

Reuters last month agreed to sell control of its global legal print business to KKR for roughly $500 million and a 49% interest in a joint venture it is forming with the investment firm.

For the third quarter of 2026, Thomson Reuters said it expects organic revenue growth to be about 8% and its adjusted Ebitda margin to be about 36%, including results from its global print segment.

Dow Jones competes with Thomson Reuters in financial news and information services.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

August 05, 2026 07:28 ET (11:28 GMT)