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Canada

Thomson Reuters slides about 7% as quarterly profit lands just shy of forecasts

The Toronto-based information company grew organic revenue 10% and raised its outlook, but adjusted earnings missed by two cents.

· AP's Morning Brief

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Thomson Reuters shares fell on Tuesday after the Toronto-based owner of Westlaw, the Reuters news agency and the Checkpoint tax service reported third-quarter profit slightly below what analysts expected.

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Adjusted earnings were 81 cents a share, up from 71 cents a year earlier but short of the 83 cents analysts polled by FactSet had estimated, according to CNBC. Revenue rose 10% to $1.83 billion, in line with forecasts. Organic revenue also grew 10%, the company said, including 10% for its three largest segments: Legal Professionals, Corporates, and Tax, Audit and Accounting Professionals.

The company updated its full-year 2026 outlook to exclude its Global Print business, after selling a 51% stake in that unit to accounts advised by KKR on Oct. 1. It now expects total revenue growth of about 9.5% and organic revenue growth of about 8.5% to 9.0%, with an adjusted EBITDA margin of about 39%. Adjusted EBITDA margin in the quarter was 35.5%, down from 35.8% a year earlier.

The U.S.-listed shares were trading at $113.33 as of 1:13 p.m. ET, down $8.91, or 7.29%, from Monday's regular-session price of $122.24, according to Nasdaq.com quote data. Prices can keep moving through the session.

Sources

  1. Thomson Reuters (Q3 2026 results release) — Nov. 3, 2026: total revenues up 10%; organic revenues up 10%, 10% for Big 3 segments; adjusted EPS $0.81 (81 cents) vs $0.71 (71 cents); adjusted EBITDA margin 35.5% vs 35.8%; sold a 51% stake in Global Print to KKR-advised accounts Oct. 1; 2026 outlook total revenue growth about 9.5%, organic about 8.5% - 9.0%, adjusted EBITDA margin about 39%.
  2. CNBC — Thomson Reuters adjusted earnings 81 cents vs 83 cents FactSet estimate; revenue in line at $1.83 billion; shares slipped 7.5% midday.
  3. The Business Times (Reuters) — Owner of Westlaw, Reuters news agency and Checkpoint; 10% rise in Q3 revenue to US$1.83 billion; organic guidance 8.5% to 9.0%.
  4. Nasdaq.com quote (TRI) — TRI last sale $113.325 (about $113.33), net change -8.915 (about -8.91), -7.29% as of Nov 3, 2026 1:13 PM ET, market open; implied Nov. 2 regular-session price $122.24.
  5. Yahoo Finance (TRI chart data) — TRI Nov 2, 2026 regular-session price $122.24; Nov 3 price $113.33 at about 1:13 PM ET.