Thomson Reuters surpassed estimates on earnings and revenue last quarter, and the company has moved to assure investors of the value of its artificial intelligence products.
Earnings per share were up 6% year-over-year to US$1.07, above Zacks estimates of $1.06. Revenue increased 5% to $2.01 billion, beating estimates by 0.07%.
"Our fourth‑quarter results capped a year of important progress for Thomson Reuters," said Thomson Reuters president and CEO Steve Hasker. "We are seeing tangible benefits from our continued investments in AI, accelerating our pace of product innovation and leveraging technology to reimagine how we work.”
“As we move into 2026, we will continue to scale our agentic capabilities to deliver greater speed, clarity, and confidence for our customers – further demonstrating the value of professional‑grade tools built on quality content and deep subject‑matter expertise."
The company’s share price has fallen 20.5% in the past five trading days after Anthropic added new plugins for legal tasks and data analysis to its Claude Cowork AI agent.
General purpose AI models do not provide the same level of accuracy for legal tasks as Thomson Reuters’ due to its extensive library of law content, Hasker said on an earnings call.
Operating profit fell 25% to $540 million, which the company credited to operating gains one year ago due to its sale of legal information platform FindLaw and higher amortisation of software last quarter. Adjusted EBITDA grew 8% to $777 million.
Legal Professions revenue rose 1% to $738 million, while Corporate revenue increased 8% to $496 million, and Tax, Audit & Accounting Professionals revenue was up 13% to $414 million.
Reuters revenue climbed 7% to $232 million and Global Print revenue was down 6% to $136 million. Adjusted EBITDA increased for all segments except Global Print.
The company expects revenue growth of 7.5-8.5% across 2026.
Thomson Reuters (NASDAQ: TRI) shares closed 5.6% lower at $88.31. Its market capitalisation is $39.30 billion.
