Key facts
- Operating profit fell 22% to $402 million, and diluted IFRS EPS fell 17% to 78 cents.
- Adjusted EBITDA rose to $651 million from $593 million, with adjusted EPS at 81 cents versus 71 cents.
- The company sold a 51% Global Print stake to KKR-advised capital accounts for about $500 million on October 1, 2026.
- Free cash flow fell 23% to $408 million in the third quarter.
Thomson Reuters reported third-quarter revenue of $1.83 billion on November 3, 2026, up 10% from $1.658 billion a year earlier, and adjusted earnings per share of 81 cents, up from 71 cents. The company raised its full-year 2026 organic revenue guidance to an 8.5% to 9.0% increase, up from a range of about 8%, and said it expects total revenue growth of about 9.5% and an adjusted EBITDA margin of about 39%.
CEO Steve Hasker said in a statement that revenue growth and margins came in ahead of prior expectations. He also cited customer engagement with the next generation of CoCounsel Legal, the launch of the next generation of CoCounsel Tax, Audit & Accounting, and commercial discussions around Thomson LLM.
Organic revenue was up 10% in total and 10% for what the company calls its Big 3 segments: Legal Professionals, Corporates, and Tax, Audit & Accounting Professionals. Those segments accounted for 88% of total revenue. Adjusted EBITDA was $651 million, up from $593 million, with a margin of 35.5% against 35.8%.
The results came after the company sold a 51% stake in its Global Print business to capital accounts advised by KKR for gross proceeds of approximately $500 million on October 1, 2026, forming a joint venture with KKR to operate the unit, since renamed Westbridge Print. Global Print was reported as discontinued operations from the third quarter, and prior-year figures were restated, contributing to a 22% decline in operating profit to $402 million. Free cash flow fell 23% to $408 million.