Thomson Reuters Q3 Beat Expectations—Here's What The Numbers Show

2025-11-11 08:14:22

Abstract generation in progress

Thomson Reuters just dropped Q3 earnings, and it’s a mixed bag with some bright spots.

The headline numbers: Revenue hit $1.78B (+3.4% YoY), beating Wall Street’s $1.77B estimate by 0.76%. EPS came in at $0.85 vs consensus of $0.81—a solid 4.94% beat.

Where it’s working:

Tax & Accounting crushed it: $251M revenue (+13.6% YoY), significantly above the $254M estimate. EBITDA also blew past expectations at $78M vs $70.39M forecast.
Corporates segment firing on all cylinders: $478M revenue (+9.4% YoY), beating the $468M consensus. EBITDA landed at $174M vs $171.9M expected.
Reuters News showing resilience: $207M revenue (+4% YoY), edging past the $204M estimate.
Global Print margin surprise: $46M EBITDA crushed the $40.51M estimate despite flat revenue.

The headwinds:

Legal Professionals segment sliding: $728M revenue (-2.3% YoY), barely matching estimates. EBITDA at $354M was decent but offset by the declining topline.
Global Print revenue dipped 3.1% YoY to $124M.

Stock action: TRI stock up 2.4% over the past month, outpacing the S&P 500’s 2.1% gain. Zacks slapped it with a #2 Rank (Buy rating), suggesting near-term upside potential.

Bottom line: Thomson Reuters delivered modest revenue growth but impressed on profitability metrics. The Tax & Accounting and Corporates segments are carrying the load while Legal Professionals needs watching. Valuation-wise, the stock looks fairly priced with room to run if growth accelerates.

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