Thomson Reuters Lifts 2026 Outlook as Q3 Revenue Rises 10% to $1.83 Billion, Moves Global Print Into a KKR Deal

Thomson Reuters reported third-quarter 2026 revenue of $1,833 million, up 10% with 10% organic growth. Adjusted EBITDA rose 10% to $651 million at a 35.5% margin, and adjusted EPS climbed 14% to $0.81. Diluted EPS fell to $0.78 from $0.94, and free cash flow dropped 23% to $408 million.

The company now guides on a continuing-operations basis that excludes Global Print. It expects about 9.5% total revenue growth, 8.5% to 9.0% organic growth and an adjusted EBITDA margin near 39%, with free cash flow of about $2.1 billion. The print business, renamed Westbridge Print, was 51% sold to KKR-advised accounts on October 1 for about $500 million, and Thomson Reuters keeps 49%.

CEO Steve Hasker called customer engagement with the next generation of CoCounsel Legal "very encouraging", and Reuters revenue was helped by generative AI content licensing. The company expects roughly 8% organic growth and a 42% margin in the fourth quarter.