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Thomson Reuters posts higher third-quarter revenue, lifts forecast - Finance news and analysis from Global Banking & Finance Review
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Thomson Reuters posts higher third-quarter revenue, lifts forecast

Published by Global Banking & Finance Review

Posted on November 3, 2026

2 min read

· Last updated: November 3, 2026

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Thomson Reuters Q3 Revenue Up 10%, Lifts 2026 Organic Growth Forecast

Thomson Reuters Reports Strong Third-Quarter Performance and Upgrades Forecast

Q3 Revenue Growth Driven by Core Divisions

Nov 3 (Reuters) - Thomson Reuters reported higher third-quarter revenue on Tuesday, boosted by recurring revenue in its big three divisions of legal, tax and accounting and corporates. 

2026 Organic Revenue Guidance Raised

The Toronto-based content and technology company raised its full-year 2026 organic revenue guidance to an increase of 8.5% to 9.0%, up from about 8%. Organic revenue tracks sales from existing businesses on a constant currency basis.

CEO Statement on Performance

"We are pleased with our third-quarter momentum, as revenue growth and margins came in ahead of our prior expectations," Thomson Reuters CEO Steve Hasker said in a statement.

Financial Highlights and Segment Performance

Revenue and Earnings Overview

The owner of Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service reported a 10% rise in third-quarter revenue to $1.83 billion and adjusted earnings per share of 81 cents. 

Impact of Print Division Sale

Thomson Reuters excluded financials from its global print division in its results, after completing the sale of a majority stake in the business during the quarter. 

Growth in "Big 3" Segments and AI Upgrades

Revenue rose by double digits across Thomson Reuters' combined "big 3" segments of legal, tax and accounting and corporates as a result of recurring revenue and new AI upgrades to CoCounsel Legal and CoCounsel Tax, Audit and Accounting.

Reuters News Division Performance

Reuters revenue rose 12%, boosted by a surge in licensing revenue from generative AI, with transaction revenue in the news division increasing by 56% to $44 million.  

Legal Division Margins

Meanwhile, AI spending pressured margins in the legal division, which fell to 46.6% from 49%. 

Market Performance

Thomson Reuters shares have fallen 6.3% this year, compared with a 10% rise in the S&P 500, as of Monday. 

Reporting Credits

(Reporting by Kenneth Li in New York; Editing by Alexander Smith)

Key Takeaways

  • Q3 revenue climbed 10% to $1.83 billion, driven by double‑digit organic growth across Legal, Corporates, Tax & Accounting, and Reuters segments. (newswire.ca)
  • Raised full‑year 2026 organic revenue outlook to 8.5%–9.0%, up from prior ~8%, reflecting strong recurring revenue and AI enhancements such as CoCounsel upgrades. (newswire.ca)
  • Reuters news division saw 13% constant‑currency (12% organic) revenue growth, fueled by surging generative AI content licensing, while legal margins dipped to ~46.6% due to increased AI spending. (newswire.ca)

Frequently Asked Questions

What was Thomson Reuters' third-quarter revenue?
Thomson Reuters reported third-quarter revenue of $1.83 billion, an increase of 10% year-over-year.
Which divisions drove Thomson Reuters' revenue growth?
Revenue growth was driven by legal, tax and accounting, and corporate divisions, with a boost from recurring revenue and AI upgrades.
How has Thomson Reuters updated its 2026 organic revenue guidance?
The company raised its 2026 organic revenue guidance to an increase of 8.5% to 9.0%, up from about 8%.
What impact did AI have on Thomson Reuters' results?
AI upgrades contributed to higher recurring revenue and increased licensing revenue for Reuters, though AI spending pressured legal division margins.
How did Thomson Reuters' share price perform compared to the S&P 500?
Thomson Reuters shares have fallen 6.3% this year, while the S&P 500 rose 10% as of Monday.

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