Thomson Reuters (NASDAQ:TRI) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Thomson Reuters (NASDAQ:TRI) posted its quarterly earnings data on Tuesday. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.04, Briefing.com reports. Thomson Reuters had a net margin of 20.09% and a return on equity of 14.51%. During the same quarter in the previous year, the company posted $1.12 earnings per share. Thomson Reuters’s quarterly revenue was up 9.8% on a year-over-year basis.

Here are the key takeaways from Thomson Reuters’ conference call:

• Strong start to 2026 with organic revenue up 8% (big three ~9%), adjusted EBITDA up 9% to $881M, adjusted EPS $1.23 (+10%), and management reaffirmed full‑year organic growth of 7.5%–8% and a ~40% EBITDA margin (+100 bps).
• Rapid AI adoption — the company reached 1 million advanced AI users; Westlaw Advantage adoption is faster than prior upgrades (Advantage users and deep research searches >7x in six months), CoCounsel skill users have quadrupled YoY, and CoCounsel Tax & Audit activity is ~5x since September.
• Proprietary model and positioning — the in‑house legal LLM “Thompson” is said to outperform frontier models on specific legal tasks, and Thomson Reuters emphasizes its “fiduciary‑grade AI” moat built on authoritative content, domain experts, privacy/governance, and customer support.
• Strong capital allocation — raised the dividend 10%, repurchased $262M in Q1, completed a $605M return of capital and share consolidation (~2% fewer shares), and cites >$9B of estimated capital capacity through 2028 for buybacks, dividends or M&A.
• Near‑term headwinds include sluggish government legal growth (1% in Q1), a 5% decline in Global Print, rising LLM costs and expected Q2 EBITDA margin compression to ~38% due to seasonality and higher AI-related costs.

Thomson Reuters Stock Up 2.5%

Shares of NASDAQ TRI traded up $2.43 during mid-day trading on Tuesday, hitting $98.18. The company had a trading volume of 606,437 shares, compared to its average volume of 2,443,736. The company has a market capitalization of $43.49 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.64 and a quick ratio of 0.64. Thomson Reuters has a 1-year low of $79.71 and a 1-year high of $218.42. The business’s 50-day simple moving average is $93.63 and its 200 day simple moving average is $116.45.

Thomson Reuters Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.655 per share. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 17th. Thomson Reuters’s dividend payout ratio is currently 78.68%.

Wall Street Analysts Forecast Growth

TRI has been the topic of a number of research reports. BMO Capital Markets set a $165.00 price target on Thomson Reuters in a research note on Friday, February 6th. Canaccord Genuity Group cut their price objective on Thomson Reuters from $174.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. The Goldman Sachs Group set a $111.00 target price on Thomson Reuters and gave the stock a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings cut Thomson Reuters from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, Barclays dropped their target price on Thomson Reuters from $210.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Thomson Reuters has an average rating of “Moderate Buy” and an average target price of $148.23.

Institutional Investors Weigh In On Thomson Reuters

Large investors have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new stake in Thomson Reuters in the 4th quarter valued at about $30,000. Timmons Wealth Management LLC purchased a new position in shares of Thomson Reuters in the 4th quarter valued at about $42,000. J.Safra Asset Management Corp acquired a new position in shares of Thomson Reuters during the fourth quarter worth about $56,000. Summit Securities Group LLC grew its position in shares of Thomson Reuters by 33,800.0% during the fourth quarter. Summit Securities Group LLC now owns 678 shares of the company’s stock worth $89,000 after buying an additional 676 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Thomson Reuters by 24.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 762 shares of the company’s stock worth $101,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 17.31% of the company’s stock.

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada’s Thomson Corporation (founded in 1934) and the UK’s Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.