NASDAQ$TRI
Thomson Reuters Corporation · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Thomson Reuters Q1 2026: $2.09B revenue (+10%), adjusted EPS $1.23, Big 3 organic +9%
Thomson Reuters reported Q1 2026 results on May 6, 2026, with total revenue of $2.087 billion, up 10% (8% constant currency, 8% organic). Recurring revenue rose 10% to $1.595 billion (77% of total) and transactions revenue grew 15% to $380 million, while Global Print declined 4%. The Big 3 segments (Legal Professionals, Corporates, Tax/Audit/Accounting) generated $1.774 billion, up 11% (9% organic). Operating profit increased 14% to $639 million and adjusted EBITDA rose 9% to $881 million, though adjusted EBITDA margin edged down to 42.2% from 42.3%. Net earnings from continuing operations were $477 million; total net earnings were $459 million after an $18 million discontinued-operations loss. Diluted EPS was $1.03 (+7%) and adjusted EPS was $1.23 (+10%). Operating cash flow from continuing operations was $506 million. Management maintained its 2026 full-year outlook for organic revenue growth and adjusted EBITDA margin in May 2026.
- Total revenue $2.087 billion (+10%; +8% organic) with recurring revenue up 10% and transactions up 15%.
- Big 3 segment revenue $1.774 billion (+11%; +9% organic); Global Print declined 4%.
- Operating profit $639 million (+14%); adjusted EBITDA $881 million (+9%) at 42.2% margin.
- Diluted EPS $1.03; adjusted EPS $1.23 (+10%); net earnings $459 million.
- 2026 full-year outlook maintained for organic growth, adjusted EBITDA margin, and free cash flow.
Headline financials
Revenue & EPS history
Thomson Reuters · Revenue · Quarterly
$2.09B
Revenue by segment
Thomson Reuters · $868M total across 2 segments · Q1 2026
- Legal Professionals$756M—87.1%
- Global Print$112M—12.9%
Forward guidance
May 2026 update maintained 2026 outlook for organic revenue growth, adjusted EBITDA margin, and free cash flow; net interest expense outlook revised.
Tailwinds
- Strong 8% organic revenue growth with recurring base at 77% of revenue
- Big 3 segments growing 9% organically with transactions up 11%
Headwinds
- Adjusted EBITDA margin down 10bp; Global Print and Reuters segments under pressure
- Discontinued operations loss of $18 million from LSEG tax indemnity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.5%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.9%
Avg return
30 days after
52%
33 / 63 earnings
Positive
+10.9%
Q4 2020
Best reaction
-6.2%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -7.8% | — | |
| Q3 2025 | -5.9% | -11.7% | -14.2% | |
| Q1 2025 | -0.1% | +0.0% | +6.8% | |
| Q4 2024 | +4.5% | +5.5% | +5.0% | |
| Q3 2024 | +0.8% | +1.9% | +2.5% | |
| Q2 2024 | -2.8% | -2.1% | +5.7% | |
| Q1 2024 | +8.8% | +10.2% | +13.6% | |
| Q4 2023 | +6.4% | +2.3% | +5.1% | |
| Q3 2023 | +5.9% | +7.5% | +17.6% | |
| Q2 2023 | -3.0% | -3.5% | -4.6% | |
| Q1 2023 | -5.7% | -9.4% | -6.2% | |
| Q4 2022 | +2.8% | +5.8% | +2.1% | |
| Q3 2022 | -3.7% | -1.2% | +10.3% | |
| Q2 2022 | +2.5% | +2.4% | -1.8% | |
| Q1 2022 | -2.1% | -5.3% | +1.1% | |
| Q4 2021 | +0.2% | -2.0% | -1.6% | |
| Q3 2021 | -2.7% | -0.6% | +1.7% | |
| Q2 2021 | +6.0% | +6.8% | +12.3% | |
| Q1 2021 | +2.5% | +4.0% | +4.8% | |
| Q4 2020 | +10.9% | +8.1% | +9.5% | |
| Q3 2020 | +6.4% | +10.0% | +1.8% | |
| Q2 2020 | +4.8% | +4.7% | +7.1% | |
| Q1 2020 | -2.7% | -2.2% | +0.0% | |
| Q4 2019 | -3.3% | -7.1% | -23.0% | |
| Q3 2019 | -0.4% | -1.8% | +4.0% | |
| Q2 2019 | -0.5% | -1.3% | +2.2% | |
| Q1 2019 | +3.7% | +4.1% | +9.6% | |
| Q4 2018 | +2.2% | +2.8% | +11.7% | |
| Q3 2018 | +4.0% | +4.7% | +11.1% | |
| Q2 2018 | +3.6% | +3.7% | +9.3% | |
| Q1 2018 | -2.1% | -0.6% | +4.2% | |
| Q4 2017 | -2.9% | -1.8% | -0.4% | |
| Q3 2017 | -5.1% | -4.7% | -4.9% | |
| Q2 2017 | +3.5% | +3.1% | -0.4% | |
| Q1 2017 | +0.8% | +1.1% | -0.0% | |
| Q4 2016 | -0.9% | +0.4% | -3.3% | |
| Q3 2016 | +4.0% | +3.8% | +9.6% | |
| Q2 2016 | -2.8% | -2.8% | -0.2% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | +8.4% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | -6.2% | — | — | |
| Q3 2013 | +5.0% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | -0.6% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q1 2012 | -3.2% | — | — | |
| Q2 2012 | -3.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | -3.7% | — | — | |
| Q2 2011 | -1.3% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | +1.5% | — | — | |
| Q1 2010 | +2.0% | — | — | |
| Q2 2010 | +2.0% | — | — |
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