Thomson Reuters Corp Earnings Overview
Thomson Reuters Corp reported a robust third quarter for 2025, marked by strategic moves and a relentless focus on AI-driven innovation. The company reported organic revenue growth that highlights its ongoing success against a backdrop of geopolitical unrest and economic uncertainty worldwide. This financial report underscores the firm’s solid foothold in its core markets while revealing strategic insights into its future trajectory.
Thomson Reuters Corp Financial Results
| Metric | Q3 2024 | Q3 2025 | Year-over-Year % Change |
|---|---|---|---|
| Total Revenue | N/A | +3% | +3% |
| Organic Revenue | N/A | N/A | +7% |
| Diluted EPS | $0.67 | $0.94 | +40% |
| Adjusted EPS | $0.80 | $0.85 | +6.3% |
| Operating Profit | N/A | +43% | +43% |
| Adjusted EBITDA Margin | 35.3% | 37.7% | +2.4% (240 basis points) |
| Free Cash Flow Change | N/A | -$65 million | N/A |
A significant highlight from this quarter is the 43% increase in operating profit, primarily attributed to strategic business disposals, higher revenues, and gains from the sale of a minority equity interest in the Elite business. Adjusted EBITDA margins also saw an improvement, rising to 37.7% from 35.3% in the previous year, benefiting from higher operational efficiencies.
Revenue Breakdown by Major Segments
| Segment | Q3 2025 Revenue Change | Organic Revenue Change |
|---|---|---|
| Legal Professionals | -2% | +9% |
| Corporates | +9% | +9% |
| Tax & Accounting Professionals | +15% | +10% |
| Reuters News | +4% | +3% |
| Global Print | -4% | -4% |
Segment Performance Analysis
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Legal Professionals : Although segment revenues decreased by 2% due to the FindLaw disposal, organic revenue grew by 9%, underscoring resilience driven by products like Westlaw and CoCounsel.
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Corporates : Recorded a healthy increase of 9% in revenues, propelled by strong performance in areas such as Indirect Tax and Global Trade. Adjusted EBITDA for this segment showed an 8% growth, though margins slightly decreased.
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Tax & Accounting Professionals : Posted a robust 15% increase in total revenue thanks to the acquisition of SafeSend. Organic growth was a solid 10%, driven by products such as UltraTax and the segment's burgeoning Latin American business.
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Reuters News : Revenue increased by 4%, primarily supported by higher agency revenues and a price uplift through its LSEG agreement.
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Global Print : This segment faced challenges with a 4% decline in revenues as a result of lower shipment volumes.
Key Developments and Strategic Initiatives
During the third quarter, Thomson Reuters made notable strides in enhancing its product offerings and expanding its influence in AI-related innovations. The launch of CoCounsel Legal and CoCounsel for tax, audit, and accounting were pivotal in driving organic growth. The completion of a $1.0 billion share repurchase program further underscores the company’s commitment to delivering shareholder value.
Strategic Acquisitions and Sales
In September 2025, Thomson Reuters acquired Additive AI, Inc., which enhances its capabilities in AI-powered tax document processing, thereby strengthening the Tax & Accounting Professionals segment. Additionally, the sale of its remaining minority interest in the Elite business resulted in significant financial gains reinforcing the company’s strategic maneuvering towards high-yield growth opportunities.
Comments from Company Officers
Steve Hasker, President and CEO of Thomson Reuters, emphasized the company's deliberate focus on AI-driven innovation and the upgrading of professional workflows as key operational highlights of the quarter. He underscored the firm’s robust capital position and its aspirational targets for long-term, sustained growth.
Dividends and Share Repurchases
Thomson Reuters announced a 10% increase in its dividend to $2.38 per common share, marking the 32nd consecutive year of dividend augmentation. In parallel, the company completed its $1.0 billion share repurchase program, reflecting a strategic commitment to returning capital to shareholders while reinforcing share value stability.
Thomson Reuters Corp Stock Forecast
Based on the continued positive performance in its core segments, the strategic focus on AI innovations, and substantial capital policy, Thomson Reuters' stock is poised for growth. The company’s last trading price was approximately $1.74, with a market cap of $76.66 billion. High projections estimate the stock could climb to around $1.85 if operational efficiencies and growth strategies yield expected results, while conservative forecasts suggest a low estimate of $1.65 if macroeconomic challenges persist.
In conclusion, Thomson Reuters has exhibited commendable growth and strategic foresight in its operations during Q3 2025. The focus on an AI-driven service model and strategic acquisitions positions the firm favorably for sustained long-term growth, appealing to investors and stakeholders who value innovation-led growth and sound financial strategies.
