On an adjusted basis, the firm reported per-share earnings of 81 cents, falling short of the 83-cent consensus forecast among analysts polled by FactSet. Despite the earnings miss, total revenue climbed 11% to $1.83 billion, buoyed by double-digit growth across its primary business segments. The legal professionals unit generated $788 million, while corporate services and tax, audit, and accounting segments saw revenues reach $544 million and $276 million, respectively. The Reuters news division also posted a 13% gain, contributing $232 million to the quarterly total.
In section Market Quotes
Thomson Reuters Profit Dips as Software Costs Offset Revenue Gains
Thomson Reuters reported a third-quarter net profit drop to $339 million, down from $423 million during the same period last year. The decline follows a prior-year windfall from divesting its minority interest in the Elite legal financial management business and reflects rising amortization costs tied to the company’s software investments.
Management continues to prioritize capital allocation toward artificial intelligence integration, particularly within legal tools. The company’s financial outlook remains aggressive; following the October sale of a 51% controlling stake in its global legal print business to KKR for approximately $500 million, Thomson Reuters projected 2026 revenue growth of roughly 9.5%. Organic revenue is expected to increase between 8.5% and 9% as the firm narrows its focus on high-growth digital assets.
Comments (0)
No comments yet. Be the first!