TRI

TORONTO, Aug. 5, 2026 /PRNewswire/ -- Thomson Reuters (TSX: TRI) (Nasdaq: TRI) today reported results for the second quarter ended June 30, 2026: Strong revenue growth in the second quarter Raised full-year 2026 total and organic revenue growth outlook to approximately 8.0% for the total company, and to a range of 9.5% to 10.0% for the "Big 3" segments Announced signing of definitive agreement with KKR to form a joint venture to operate the Global Print business, where Thomson Reuters will sell a 51% stake to capital accounts advised by KKR with Thomson Reuters receiving approximately $500 million in gross proceeds on closing Completed $605 million return of capital transaction on May 4, 2026 and reduced share count by approximately 6.5 million shares by way of share consolidation Completed $600 million share repurchase program announced on February 25, 2026 Repaid $500 million 3.35% notes in May 2026 "We saw strong momentum continue in the second quarter, underscored by 10% organic revenue growth in our "Big 3" segments," said Steve Hasker, President and CEO of Thomson Reuters. "Our priority for the second half of the year is further deepening our leadership in trusted Fiduciary-Grade AI solutions. We are very pleased with the recent release of CoCounsel Legal and the very strong evaluation results of the first production ready version of the Thomson LLM. The recently announced Global Print transaction with KKR allows us to sharpen our focus on content-powered AI solutions that provide fiduciary grade outcomes for our professional markets." Consolidated Financial Highlights - Three Months Ended June 30 Revenues increased 9% due to 9% growth in recurring revenues (82% of total revenues) and 16% growth in transactions revenues, partly offset by a 3% decline in Global Print. Total company revenue growth benefited approximately 1% from foreign currency and 1% from net acquisitions and disposals. Organic revenues increased 8% reflecting 9% growth in recurring revenues, 11% growth in transactions revenues and a 3% decline in Global Print. The company's "Big 3" segments reported organic revenue growth of 10% and collectively comprised 83% of total revenues. Operating profit increased 28%, primarily due to the net impact of higher revenues and operating expenses as well as other operating gains in the current-year period, partly offset by higher amortization of software. Adjusted EBITDA, which excludes other operating gains, amortization of software, as well as other adjustments, increased 10% and the related margin increased to 38.1% from 37.8% in the prior-year period. Foreign currency contributed 10 basis points to the year-over-year change in adjusted EBITDA margin. Diluted EPS increased to $1.02 per share compared to $0.69 per share in the prior-year period, primarily due to higher operating profit and, to a lesser extent, a benefit from a reduction in weighted-average common shares outstanding. Adjusted EPS increased to $0.99 per share compared to $0.87 per share in the prior-year period, primarily due to higher adjusted EBITDA and a benefit from a reduction in weighted-average common shares outstanding, partly offset by higher amortization of internally developed software. Net cash provided by operating activities increased by $174 million primarily due to higher cash benefits from the net impact of higher revenues and operating expenses and certain favorable changes in working capital. Free cash flow increased by $161 million primarily due to higher net cash provided by operating activities, partly offset by higher capital expenditures. Highlights by Customer Segment – Three Months Ended June 30 Unless otherwise noted, all revenue growth comparisons by customer segment in this news release are at constant currency (which excludes the impact of foreign currency) as the company believes this provides the best basis to measure performance. Legal Professionals Revenues increased 9% at constant currency. Organic revenue growth was 10%. Recurring revenues increased 9% (97% of total, all organic). Organic revenue growth was primarily driven by Westlaw and CoCounsel. Transactions revenues increased 16% (3% of total, 18% organic) driven by CLEAR. Adjusted EBITDA increased 10% to $371 million. The margin was 48.1%, unchanged from the prior-year period. Corporates Revenues increased 11% at constant currency. Organic revenue growth was 10%. Recurring revenues increased 9% (86% of total, all organic). Organic revenue growth was primarily driven by Westlaw, CoCounsel, Indirect Tax, Pagero, CLEAR and the segment's international businesses. Transactions revenues increased 27% (14% of total, 24% organic). Organic revenue growth was primarily driven by Confirmation, Pagero, Trust, Checkpoint, Indirect Tax and the segment's international businesses. Adjusted EBITDA increased 17% to $200 million. The margin increased to 37.2% from 35.7% driven by operating leverage. Foreign currency benefited the year-over-year change in adjusted EBITDA margin by 20 basis points. Tax, Audit & Accounting Professionals Revenues increased 12% at constant currency, including the acquisition impact of SafeSend in the prior-year period, which is reflected in transactions revenues. Organic revenue growth was 8%. Recurring revenues increased 9% (67% of total, all organic). Organic revenue growth was primarily driven by tax and audit products, including GoSystem and CoCounsel, as well as Cloud Audit Suite and the segment's Latin America business. Transactions revenues increased 17% (33% of total, 6% organic). Organic revenue growth was primarily driven by SafeSend. Adjusted EBITDA increased 9% to $120 million. The margin decreased to 38.7% from 38.9%. Foreign currency benefited the year-over-year change in adjusted EBITDA margin by 20 basis points. The Tax, Audit & Accounting Professionals segment is the company's most seasonal business with approximately 60% of full-year revenues typically generated in the first and fourth quarters. As a result, the margin performance of this segment has been generally higher in the first and fourth quarters as costs are typically incurred in a more linear fashion throughout the year. Reuters Revenues increased 5% at constant currency (4% organic), primarily due to higher Agency revenues and a contractual price increase from the company's news agreement with the Data & Analytics business of London Stock Exchange Group. Adjusted EBITDA increased 5% to $48 million and the margin was 20.8%, unchanged from the prior-year period. Foreign currency negatively impacted the year-over-year change in adjusted EBITDA margin by 80 basis points. Global Print Revenues decreased 3% at constant currency, all organic, driven by lower shipment volumes. Adjusted EBITDA increased 2% to $42 million, and the margin increased to 37.7% from 36.0%, reflecting lower expenses. Corporate Costs Corporate costs were $36 million compared to $29 million in the prior-year period. Consolidated Financial Highlights - Six Months Ended June 30 Revenues increased 10% due to 10% growth in recurring revenues (79% of total revenues) and 15% growth in transactions revenues, partly offset by a 3% decline in Global Print. Total company revenue growth benefited approximately 1% from foreign currency and 1% from net acquisitions and disposals. Organic revenues increased 8% reflecting 8% growth in recurring revenues, 10% growth in transactions revenues and a 4% decline in Global Print. The company's "Big 3" segments reported organic revenue growth of 9% and collectively comprised 84% of total revenues. Operating profit increased 20%, primarily due to the net impact of higher revenues and operating expenses as well as other operating gains in the current-year period, partly offset by higher amortization of software. Adjusted EBITDA, which excludes other operating gains, amortization of software, as well as other adjustments, increased 9% and the related margin increased to 40.2% from 40.1% in the prior-year period. Foreign currency negatively impacted the year-over-year change in adjusted EBITDA margin by 20 basis points. Diluted EPS increased to $2.05 per share compared to $1.65 per share in the prior-year period, primarily due to higher operating profit and, to a lesser extent, a benefit from a reduction in weighted-average common shares outstanding. Adjusted EPS increased to $2.22 per share compared to $2.00 per share in the prior-year period, primarily due to higher adjusted EBITDA and a benefit from a reduction in weighted-average common shares outstanding, partly offset by higher amortization of internally developed software. Net cash provided by operating activities increased by $234 million primarily due to higher cash benefits from the net impact of higher revenues and operating expenses and certain favorable changes in working capital. Free cash flow increased by $216 million primarily due to higher net cash provided by operating activities, partly offset by higher capital expenditures. Highlights by Customer Segment – Six Months Ended June 30 2026 Outlook The company raised its 2026 full-year outlook for total and organic revenue growth for the total company and its "Big 3" segments to reflect the performance of its businesses during the first six months of the year. All other metrics are unchanged from the previous 2026 full-year outlook communicated on May 5, 2026. The company's outlook for 2026 in the table below assumes constant currency rates and incorporates the February 2026 Noetica acquisition, but excludes the impact of any future acquisitions or dispositions that may occur during the remainder of the year. Thomson Reuters believes that this type of guidance provides useful insight into the anticipated performance of its businesses. The company signed a definitive agreement to enter into a joint venture with KKR. As part of the transaction, Thomson Reuters will sell a 51% stake in its Global Print business to capital accounts advised by KKR. Thomson Reuters will receive approximately $500 million in gross proceeds at closing. The transaction is expected to close in the fourth quarter of 2026, subject to specified regulatory approvals and customary closing conditions. The company's full-year 2026 outlook includes the forecasted results of the Global Print segment, consistent with its prior 2026 full-year outlooks. The company will report its Global Print business as a discontinued operation when it releases its third quarter results and plans to provide an updated full-year 2026 outlook at that time. The company's 2026 outlook is forward-looking information that is subject to risks and uncertainties (see "Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions"). In particular, the company continues to operate in an uncertain macroeconomic environment, reflecting ongoing geopolitical risk, uneven economic growth, and an evolving interest rate and inflationary backdrop. Any worsening of the global economic or business environment, among other factors, could impact the company's ability to achieve its outlook. Reported Full-Year 2025 Results and Full-Year 2026 Outlook The company's third-quarter 2026 outlook includes the forecasted results of the Global Print segment, consistent with its prior 2026 quarterly outlooks. The company expects its third-quarter 2026 organic revenue growth to be approximately 8% and its adjusted EBITDA margin to be approximately 36%. The information in this section is forward-looking. Actual results, which will include the impact of currency, and future acquisitions and dispositions completed during 2026 may differ materially from the company's 2026 outlook. The information in this section should also be read in conjunction with the section below entitled "Special Note Regarding Forward-Looking Statements, Material Risks and Material Assumptions." Global Print Transaction On July 14, 2026, Thomson Reuters announced that it signed a definitive agreement to enter into a joint venture with KKR, a leading global investment firm. As part of the transaction, Thomson Reuters will sell a 51% stake in its Global Print business to capital accounts advised by KKR and retain a 49% equity interest in the joint venture. Thomson Reuters will receive approximately $500 million in gross proceeds at closing and expects the transaction to close in the fourth quarter of 2026, subject to specified regulatory approvals and customary closing conditions. We expect to record a pre-tax gain on the transaction at the time of closing. Thomson Reuters will also maintain intellectual property rights and full editorial control over its content portfolio. This new joint venture will hold an exclusive license to distribute the content in print and on ProView, Global Print's eBook platform, under which it will pay Thomson Reuters a royalty in return. The transaction is not subject to any financing conditions. As part of the transaction, Thomson Reuters has agreed to provide certain financial support designed to give KKR a minimum return on its equity investment in the joint venture under certain circumstances. The Global Print business will be classified as a discontinued operation in the third quarter of 2026 and will no longer be a reportable segment. Return of Capital and Share Consolidation On May 4, 2026, the company returned $605 million to its shareholders and reduced its common shares outstanding by approximately 6.5 million, in accordance with its previously announced return of capital and share consolidation transactions. The transactions consisted of a special cash distribution of $1.435518 per participating common share and a share consolidation, or "reverse stock split", which reduced the number of outstanding common shares at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares, which was proportional to the special cash distribution. $600 Million Share Repurchase Program and Common Shares Outstanding In February 2026, the company announced its plan to repurchase up to $600 million of additional common shares under an amended Normal Course Issuer Bid that was approved by the TSX. In July 2026, the company completed the program, repurchasing a total of 6.2 million common shares for $600 million, consisting of 3.6 million shares for $362 million through June 30, 2026 and 2.6 million shares for $238 million in July 2026. As of August 3, 2026, Thomson Reuters had approximately 433.2 million common shares outstanding. Debt Repayment In May 2026, the company repaid its $500 million 3.35% notes upon maturity with cash on hand and commercial paper borrowings. Dividends In February 2026, the company announced a 10% or $0.24 per share annualized increase in the dividend to $2.62 per common share, representing the 33rd consecutive year of dividend increases and the fif...th consecutive 10% increase. A quarterly dividend of $0.655 per share is payable on September 10, 2026 to common shareholders of record as of August 19, 2026. Thomson Reuters Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit thomsonreuters.com. NON-IFRS FINANCIAL MEASURES Thomson Reuters prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). This news release includes certain non-IFRS financial measures, which include ratios that incorporate one or more non-IFRS financial measures, such as adjusted EBITDA (other than at the customer segment level) and the related margin, free cash flow, adjusted earnings and the effective tax rate on adjusted earnings, adjusted EPS, accrued capital expenditures expressed as a percentage of revenues, net debt and leverage ratio of net debt to adjusted EBITDA, selected measures excluding the impact of foreign currency, changes in revenues computed on an organic basis as well as all financial measures for the "Big 3" segments. Thomson Reuters uses these non-IFRS financial measures as supplemental indicators of its operating performance and financial position as well as for internal planning purposes and the company's business outlook. Additionally, Thomson Reuters uses non-IFRS measures as the basis for management incentive programs. These measures do not have any standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to the calculation of similar measures used by other companies and should not be viewed as alternatives to measures of financial performance calculated in accordance with IFRS. Non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measures in the appended tables. The company's outlook contains various non-IFRS financial measures. The company believes that providing reconciliations of forward-looking non-IFRS financial measures in its outlook would be potentially misleading and not practical due to the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items may be significant. Consequently, for purposes of its outlook only, the company is unable to reconcile these non-IFRS measures to the most directly comparable IFRS measures because it cannot predict, with reasonable certainty, the impacts of changes in foreign exchange rates which impact (i) the translation of its results reported at average foreign currency rates for the year, and (ii) other finance income or expense related to intercompany financing arrangements. Additionally, the company cannot reasonably predict the occurrence or amount of other operating gains and losses that generally arise from business transactions that the company does not currently anticipate. ROUNDING Other than EPS, the company reports its results in millions of U.S. dollars, but computes percentage changes and margins using whole dollars to be more precise. As a result, percentages and margins calculated from reported amounts may differ from those presented, and growth components may not total due to rounding. REVISION TO PRIOR-YEAR SEGMENT RESULTS In the first quarter of 2026, the company changed its segment reporting to reflect how it currently manages its segments. The change reflects the transfer of certain customers and their related revenues and expenses among the company's Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments. These changes impact the financial results of the company's segments, but do not change its consolidated financial results. The following summarizes the changes to the applicable segment's reported amounts. Three months ended June 30, 2025 Legal Professionals revenues decreased $5 million to $704 million, adjusted EBITDA was unchanged at $339 million and adjusted EBITDA margin increased 30 basis points to 48.1%; Corporates revenues increased $8 million to $480 million, adjusted EBITDA increased $3 million to $172 million and adjusted EBITDA margin was unchanged at 35.7%; and Tax, Audit & Accounting Professionals revenues decreased $3 million to $274 million, adjusted EBITDA decreased $3 million to $110 million and adjusted EBITDA margin decreased 40 basis points to 38.9%. Six months ended June 30, 2025 Legal Professionals revenues decreased $10 million to $1,392 million, adjusted EBITDA was unchanged at $675 million and adjusted EBITDA margin increased 30 basis points to 48.4%; Corporates revenues increased $15 million to $1,028 million, adjusted EBITDA increased $5 million to $387 million and adjusted EBITDA margin decreased 10 basis points to 37.6%; and Tax, Audit & Accounting Professionals revenues decreased $5 million to $632 million, adjusted EBITDA decreased $5 million to $318 million and adjusted EBITDA margin decreased 20 basis points to 48.9%. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS Certain statements in this news release, including, but not limited to, statements in Mr. Hasker's comments, the "2026 Outlook" section, and statements regarding the company's expectations with respect to the Global Print transaction including its current expectation that the transaction will close in the fourth quarter of 2026 are forward looking. The words "will", "expect", "believe", "target", "estimate", "could", "should", "intend", "predict", "project" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond the company's control and the effects of them can be difficult to predict. Some of the material risk factors that could cause actual results or events to differ materially from those expressed in or implied by forward-looking statements in this news release include, but are not limited to, those discussed on pages 19-32 in the "Risk Factors" section of the company's 2025 annual report. These and other risk factors are discussed in materials that Thomson Reuters from time-to-time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (SEC). Thomson Reuters' annual and quarterly reports are also available in the "Investor Relations" section of thomsonreuters.com. The company's 2026 business outlook is based on information currently available to the company and is based on various external and internal assumptions made by the company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the company believes are appropriate under the circumstances. Material assumptions and material risks may cause actual performance to differ from the company's expectations underlying its 2026 business outlook. In particular, the global economy has experienced substantial disruption due to concerns regarding economic effects associated with the macroeconomic backdrop and ongoing geopolitical risks. The company's 2026 business outlook assumes that uncertain macroeconomic and geopolitical conditions will continue to disrupt the economy and cause periods of volatility, however, these conditions may last substantially longer than expected and any worsening of the global economic or business environment could impact the company's ability to achieve its outlook and affect its results and other expectations. For a discussion of material assumptions and material risks related to the company's 2026 outlook see pages 16-17 of the company's first-quarter management's discussion and analysis (MD&A) for the period ended March 31, 2026. The company's quarterly MD&A and annual report were filed with, or furnished to, the Canadian securities regulatory authorities and the U.S. SEC and are also available in the "Investor Relations" section of thomsonreuters.com. The company has provided an outlook for the purpose of presenting information about current expectations for the period presented. This information may not be appropriate for other purposes. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements. CONTACTS Thomson Reuters will webcast a discussion of its second-quarter 2026 results and its 2026 business outlook today beginning at 8:30 a.m. Eastern Daylight Time (EDT). You can access the webcast by visiting ir.thomsonreuters.com. An archive of the webcast will be available following the presentation. Reconciliation of adjusted EBITDA margin(1) To compute segment and consolidated adjusted EBITDA margin, the company excludes fair value adjustments related to acquired deferred revenue from its IFRS revenues. The charts below reconcile IFRS revenues to revenues used in the calculation of adjusted EBITDA margin, which excludes fair value adjustments related to acquired deferred revenue. View original content to download multimedia:https://www.prnewswire.com/news-releases/thomson-reuters-reports-second-quarter-2026-results-302843653.html

Interested in Thomson Reuters Corp? Here are five stocks we like better. Thomson Reuters reported strong Q2 performance, with organic revenue growth of 8% and Big 3 segment growth of 10%. Adjusted EBITDA rose 10% to $745 million, while free cash flow increased 29% to $727 million. The company raised its full-year revenue growth outlook to approximately 8% and lifted its Big 3 growth forecast to 9.5%–10%, while maintaining targets for a 40% adjusted EBITDA margin and approximately $2.1 billion in free cash flow. AI adoption continued to accelerate, with GenAI-enabled products representing 32% of annualized contract value. Thomson Reuters also plans to expand CoCounsel and deploy its proprietary Thomson legal model, while selling a 51% stake in Global Print to KKR for about $500 million. 3 ETFs to Avoid as Oil Shock Hits Markets Thomson Reuters (NASDAQ:TRI) reported second-quarter 2026 organic revenue growth of 8%, led by accelerating performance across its Legal, Corporates, and Tax, Audit & Accounting businesses. The company raised its full-year revenue outlook, citing stronger-than-expected first-half results and continued demand for AI-enabled professional workflow tools. Chief Executive Officer Steve Hasker said total company organic revenue increased 8% in the quarter, while the company’s “Big 3” segments grew 10% organically, up from 9% in recent quarters. The Big 3 includes Legal Professionals, Corporates, and Tax, Audit & Accounting. → SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Trinity Capital CEO on Leading Private Credit’s High-Yield Growth “Our strong start to 2026 continued in the second quarter, with revenue growth ahead of our prior expectations and margins in line,” Hasker said. Legal Professionals organic revenue rose 10%, while Legal excluding government grew 11% for a second consecutive quarter. The company attributed the performance to continued momentum in Westlaw and CoCounsel Legal, as well as growth across large, mid-sized, small, and international law firms. → 3 Drone Stocks That Should Soar After the Summer Slump Bounce Alert: 3 Large Caps With RSIs Too Good To Ignore Government revenue growth improved to 5% from 1% in the first quarter. However, Chief Financial Officer Gary Bischoping said government growth is expected to be softer in the third quarter because certain transactional revenue recognized in the second quarter is not expected to recur at the same level. Corporates organic revenue also increased 10%, with recurring revenue up 9% and transactional revenue up 24%. Bischoping identified Pagero, Indirect Tax, CLEAR, CoCounsel Legal and international operations as key contributors. He said Pagero’s global expansion has accelerated its performance, and Hasker pointed to a recent Pagero customer win with Google. → The Bitcoin Comeback May Already Be Underway—2 ETFs for Exposure Tax, Audit & Accounting organic revenue grew 8%, supported by CoCounsel for Tax & Accounting, the company’s Latin American business, SafeSend and Cloud Audit Suite offerings. Transactional revenue growth in the segment, however, fell short of management’s expectations. Bischoping said the shortfall reflected timing issues and go-to-market execution challenges, including customer and sales-team confusion around the company’s future product vision for integrated tax workflows. The company has made leadership changes and talent additions and expects the segment’s growth to accelerate during the second half of the year. Reuters organic revenue grew 4%, driven primarily by its agency business and its news agreement with the data and analytics business of LSEG. Global Print organic revenue declined 3%, in line with company expectations. Adjusted EBITDA rose 10% to $745 million, producing an adjusted EBITDA margin of 38.1%, a 30-basis-point increase from the prior-year period. Adjusted earnings per share increased 14% to $0.99, including a $0.01 benefit from currency. Free cash flow increased 29% to $727 million from $566 million a year earlier, primarily reflecting EBITDA growth and working-capital changes. The company raised its full-year outlook for total and organic revenue growth to approximately 8%, the high end of its previous 7.5% to 8% range. It also lifted its Big 3 revenue growth outlook to 9.5% to 10%, from approximately 9.5% previously. Thomson Reuters maintained its forecast for an adjusted EBITDA margin of approximately 40% and free cash flow of about $2.1 billion. For the third quarter, the company expects organic revenue growth of approximately 8% and an adjusted EBITDA margin of approximately 36%. That outlook includes an anticipated $19 million of severance expense associated with initiatives to “reimagine how we work.” Bischoping said the company expects a stronger margin expansion in the fourth quarter, aided by lower year-over-year severance costs, automation savings, moderating M&A dilution and operating leverage. Savings from automation and severance-related initiatives are expected to total about $40 million in the fourth quarter. In July, Thomson Reuters agreed to sell a 51% stake in its Global Print business to KKR for approximately $500 million in cash, forming a joint venture to operate the print business. The transaction is expected to close in the fourth quarter, subject to regulatory approvals and customary closing conditions. Following the closing, Global Print will be deconsolidated from Thomson Reuters’ financial statements, with the company’s remaining 49% interest accounted for as an equity-method investment. Beginning with third-quarter results, the company plans to report Global Print as discontinued operations and provide restated historical financial results ahead of its next earnings report. Thomson Reuters will retain intellectual property rights and editorial control over its content. The joint venture will receive an exclusive license to publish and distribute the company’s content in print and through the ProView eBook platform. In return, the venture will pay Thomson Reuters a royalty equal to 20% of professional revenue, which represents about 85% to 90% of Global Print revenue. Bischoping said the transaction is expected to be 60 to 70 basis points accretive to organic revenue growth and approximately neutral to margins after the transaction closes. The company said commercial momentum is continuing to build for its AI-enabled offerings. At the end of the second quarter, 32% of annualized contract value came from GenAI-enabled products, up from 30% in the first quarter. Hasker said the next-generation version of CoCounsel Legal completed its beta phase ahead of schedule in June and was made available to existing CoCounsel Legal customers through early access. A broader release is expected by the end of the month. He said usage has been increasing across both Legal and Tax & Accounting versions of CoCounsel, following the company’s earlier disclosure that the platform had surpassed 1 million users. The updated CoCounsel Legal platform is designed to provide agentic capabilities with visibility into the steps, citations and references supporting its output. Hasker said customer feedback on the product’s accuracy, breadth of capabilities and transparency had been especially strong. Thomson Reuters also introduced AI features in its ONESOURCE portfolio, including touchless compliance for creating U.S. sales and use tax returns and AI research for global trade. Pagero added coverage in five additional countries, including France, Poland and Belgium. The company expects an agentic next-generation CoCounsel for Tax & Accounting product this fall. Management also highlighted its proprietary legal-focused large language model, Thomson, which was developed following the company’s 2024 acquisition of SafeSign Technologies. Hasker said the first production-ready version of the model was trained on less than 10% of the company’s legal content and involved approximately $40 million of investment. According to the company’s benchmarking study, Thomson performed on par with leading frontier models on a range of general-domain tasks while offering lower costs and, in many cases, lower latency. The model will begin powering tabular analysis, a bulk document-review tool in CoCounsel Legal, later this month. Management said it sees potential to move more CoCounsel functions onto Thomson over time, potentially improving speed, scalability and costs. Hasker also said the company is exploring opportunities for large law firms to use the model in sovereign AI environments that preserve control over their own data and intellectual property. On capital allocation, Thomson Reuters completed a $605 million return-of-capital transaction in May and finished a $600 million share repurchase program in July. Together, those actions reduced the company’s share count by approximately 3%. The company also repaid $500 million of maturing notes during the quarter. Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide. Formed in 2008 through the merger of Canada's Thomson Corporation (founded in 1934) and the UK's Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Thomson Reuters Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Total Company Organic Revenue Growth: 8% in Q2 2026, ahead of prior expectations. Big Three Organic Revenue Growth: Accelerated to 10%, up from 9% in recent quarters. Legal Professionals Organic Revenue Growth: 10%, with growth excluding government at 11%. Corporates Organic Revenue Growth: Accelerated to 10%, with transactional revenue up 24%. Tax, Audit & Accounting Organic Revenue Growth: 8%, with recurring revenue up 9% and transactional revenue up 6%. Reuters Organic Revenue Growth: 4%. Global Print Organic Revenue Decline: 3% year-over-year. Adjusted EBITDA: $745 million, up 10% year-over-year, with a margin of 38.1%. Big Three Adjusted EBITDA: $691 million, up 12% from prior year, with a margin of 42.7%. Adjusted EPS: $0.99, up 14% from $0.87 in the prior year period. Free Cash Flow: $727 million, up 29% from $566 million in the prior year period. Full Year 2026 Outlook: Raised total and organic revenue growth to approximately 8%; Big Three revenue growth outlook raised to 9.5%-10%; adjusted EBITDA margin forecast of approximately 40%; free cash flow expected to be approximately $2.1 billion. Warning! GuruFocus has detected 5 Warning Sign with ZBH. Is TRI fairly valued? Test your thesis with our free DCF calculator. Release Date: August 05, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Thomson Reuters Corp (NASDAQ:TRI) delivered strong Q2 2026 results with total company organic revenue growth of 8%, ahead of expectations, and the Big 3 segments accelerating to 10% organic growth. The company raised its full-year 2026 outlook for total and organic revenue growth to approximately 8%, at the high end of its prior guidance range, and raised Big 3 revenue growth outlook to 9.5%-10%. The proprietary large language model, Thomson, has shown promising results, performing on par with leading frontier models on general tasks and strongly on legal tasks, at a significantly lower cost and reduced latency. The next-generation CoCounsel Legal beta was completed ahead of schedule, with strong customer feedback and ramping usage, and the company launched its largest brand campaign, 'The CoCo', to drive awareness and demand. The company announced a definitive agreement with KKR to sell a 51% stake in its Global Print business for approximately $500 million, which is expected to be accretive to organic revenue growth and improve the overall portfolio quality. Strong capital returns were executed, including a $605 million return of capital and completion of a $600 million share repurchase program, reducing share count by approximately 3%. Corporate segment organic revenue accelerated to 10%, driven by strong performance from Pagero, which secured a significant win with Google, and other AI-driven offerings. Adjusted EPS grew 14% year-over-year to $0.99, and free cash flow increased 29% to $727 million in the quarter. The company continues to see strong growth in AI-enabled offerings, with 32% of annualized contract value (ACV) now from Gen AI-enabled products, up from 30% last quarter. Legal professionals segment ex-government grew 11%, with broad-based strength across large, mid, small law, and international subsegments, driven by Westlaw and CoCounsel Legal. Tax, audit and accounting (TAA) segment transactional revenue growth fell short of expectations due to go-to-market execution challenges, including confusion around the future product vision, which impacted sales momentum. The company expects a softer growth rate in the government business in Q3 due to certain transactional revenue not expected to recur at the same level as in Q2. Q3 2026 adjusted EBITDA margin is expected to be approximately 36%, down year-over-year, due to continued investments, severance expenses, and M&A dilution. The company faces ongoing costs related to severance and restructuring initiatives, with $19 million of severance expected in Q3 and $8 million incurred in Q2. Global Print organic revenues declined 3% year-over-year, continuing its structural decline, although this is in line with expectations. The TAA segment's Q2 growth was impacted by product updates that shifted revenue recognition to the second half of the year, creating an approximate 1% drag on growth. The company noted that while it has significant capital capacity, it does not have an approved share repurchase program in place currently, leaving uncertainty on future capital returns. The transition to the new 'Ready-to-Review' and 'Ready-to-Advise' product vision in the tax space caused some customer confusion, impacting near-term sales in products like SurePrep. While Thomson LLM shows promise, it is still early stage, with only a modest investment of $40 million and trained on less than 10% of legal content, and monetization paths are still being explored. The company faces a competitive and fluid market for AI legal tools, with law firms experimenting with multiple offerings, though Thomson Reuters believes it is well-positioned. Q: How is CoCounsel performing, and how will the development of the Thomson LLM benefit it?A: Steve Hasker (CEO) stated that CoCounsel has surpassed one million users with healthy growth and, more importantly, strong daily usage increases across its legal and tax/audit versions. The completely rebuilt, fully agentic version of CoCounsel Legal has received the strongest product feedback in his career, particularly for its accuracy, breadth of capabilities, and transparency, which is critical for fiduciary professions. The Thomson LLM will initially power tabular analysis in CoCounsel Legal later this month, with plans to port more capabilities over time to leverage its reduced latency, scalability, and cost advantages. Q: Can you unpack the key drivers behind the raised 2026 Big 3 organic revenue growth outlook?A: Gary Bischoping (CFO) attributed the acceleration to strong performance across segments. The Corporates segment had a standout quarter with 24% transactional revenue growth, driven by Pagero's global expansion and agentic capabilities in global trade and indirect tax. The Legal Professionals business also accelerated to 10% growth, with the sheer scale of its growth (from 7-8% to 10-11%) contributing significant dollars, driven by Westlaw and CoCounsel. Q: What is the strategy for commercializing the Thomson LLM, and could it be offered as a standalone product?A: Steve Hasker (CEO) outlined two primary paths for Thomson. First, it can be offered to major law firms seeking "sovereign AI" environments, allowing them to run the model within their own infrastructure to protect their IP and data, potentially with CoCounsel on top. Second, it will increasingly power more CoCounsel capabilities, starting with tabular analysis, to gain cost and speed advantages. He indicated that monetization opportunities are being explored now, with potential announcements in the coming quarters. Q: Can you clarify the margin trajectory, given the Q3 guidance of 36% and the path to the ~40% full-year target?A: Gary Bischoping (CFO) explained that Q3 margins will be impacted by $19 million in severance, continued investments in innovation and marketing (including the new "CoCo" brand campaign), and modest M&A dilution. For Q4, he confirmed line of sight to low-40s EBITDA margins, driven by approximately $40 million in savings from automation and severance actions, significantly lower year-over-year severance, and strong operating leverage from healthy revenue growth. Q: How is AI spend from law firms impacting Thomson Reuters? Is it new budget or reallocation of existing spend?A: Steve Hasker (CEO) stated that the vast majority of law firms are increasing their technology spend year-over-year, driven by optimism about AI's potential, competitive necessity, and pressure from clients and recruits. This represents new budget creation, as firms transition to spending less on real estate and potentially headcount, and more on technology. He cited recent announcements from major law firms committing to invest a portion of partner profits into tech spend as evidence of this trend. Q: What were the specific execution challenges in the Tax, Audit, and Accounting segment, and what gives you confidence in a recovery?A: Gary Bischoping (CFO) explained that messaging around the future product vision (integrating capabilities into a single tax workflow platform) may have caused confusion among customers and the sales organization about what to buy today versus the future direction. This impacted sales momentum in products like SurePrep. Steve Hasker (CEO) added that the competitive dynamics haven't changed; the issue was internal go-to-market execution. They have made talent additions and leadership changes and expect to get back on track in the second half. Q: How are you thinking about AI pricing, and is there a shift towards consumption-based models?A: Gary Bischoping (CFO) stated that AI solutions are typically sold as a premium tier, and current pricing for offerings like Westlaw Advantage comfortably covers LLM costs and customer usage growth. While they are considering consumption-based pricing components and making infrastructure investments to support this, they aim to keep pricing simple for customers. Steve Hasker (CEO) added that the Thomson LLM provides significant optionality to maintain a cost advantage, which could allow them to keep pricing clean while potentially introducing consumption elements in the future. Q: With the recent buyback programs completed, what is your current thinking on capital allocation?A: Gary Bischoping (CFO) reiterated a balanced approach with priorities being: 1) investing in the business for innovation through internal and strategic M&A, 2) growing the dividend over time, and 3) considering capital returns via share repurchases. He noted there is no approved buyback program in place right now, but they will continue to evaluate opportunities against these priorities. The company has approximately $9 billion of estimated capital capacity through 2028. Q: What metrics do you watch most closely to determine if CoCounsel engagement is translating into sustainable revenue growth?A: Gary Bischoping (CFO) pointed to the acceleration in Legal Professionals ex-government growth to 11% as a key indicator of marketplace success. He also highlighted the ongoing evaluation of pricing mechanisms, including potential shifts to consumption-based pricing, as a way to capture value. Ultimately, the continued acceleration in the growth rate, largely driven by agentic offerings like Westlaw and CoCounsel, is the primary metric. Q: How should we think about the sustainability of the strong transactional revenue growth seen in Q2?A: Gary Bischoping (CFO) noted that while transactional revenue was strong, particularly in Corporates (up 24%), some of this may not repeat at the same level in Q3, specifically in the government space. However, he remains confident in the full-year outlook for government, with acceleration expected towards the end of the fiscal year. Pagero was highlighted as a standout performer that has exceeded expectations and is expected to continue its strong progress. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Thomson Reuters (TRI) reported $1.95 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 9.5%. EPS of $0.99 for the same period compares to $0.88 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.91 billion, representing a surprise of +2.06%. The company delivered an EPS surprise of +3.13%, with the consensus EPS estimate being $0.96. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Thomson Reuters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Legal Professionals: $772 million versus the two-analyst average estimate of $771.46 million. The reported number represents a year-over-year change of +8.9%. Revenues- Tax, Audit & Accounting Professionals: $311 million versus $309.66 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.3% change. Revenues- Global Print: $111 million compared to the $107.73 million average estimate based on two analysts. The reported number represents a change of -2.6% year over year. Revenues- Eliminations: $-6 million versus $-5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +20% change. Revenues- Reuters: $229 million versus $222.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change. Revenues- Corporates: $537 million versus $518.58 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.8% change. Adjusted EBITDA- Legal Professionals: $371 million versus the two-analyst average estimate of $369.97 million. Adjusted EBITDA- Corporates: $200 million versus $187.97 million estimated by two analysts on average. Adjusted EBITDA- Corporate costs: $-36 million versus $-32.17 million estimated by two analysts on average. Adjusted EBITDA- Reuters: $48 million versus $44.38 million estimated by two analysts on average. Adjusted EBITDA- Global Print: $42 million versus the two-analyst average estimate of $40.11 million. Adjusted EBITDA- Tax, Audit & Accounting Professionals: $120 million versus the two-analyst average estimate of $124.03 million. View all Key Company Metrics for Thomson Reuters here>>> Shares of Thomson Reuters have returned +20.3% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Thomson Reuters (TRI) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.13%. A quarter ago, it was expected that this news and financial information company would post earnings of $1.21 per share when it actually produced earnings of $1.23, delivering a surprise of +1.65%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Thomson Reuters, which belongs to the Zacks Business - Services industry, posted revenues of $1.95 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.06%. This compares to year-ago revenues of $1.79 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Thomson Reuters shares have lost about 18.5% since the beginning of the year versus the S&P 500's gain of 13%. While Thomson Reuters has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Thomson Reuters was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.97 on $1.95 billion in revenues for the coming quarter and $4.44 on $8.12 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Willdan Group (WLDN), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This energy efficiency and sustainability consultant is expected to post quarterly earnings of $1.22 per share in its upcoming report, which represents a year-over-year change of -18.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Willdan Group's revenues are expected to be $100.15 million, up 5.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI) : Free Stock Analysis Report Willdan Group, Inc. (WLDN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Organic revenue growth accelerated to 8% for the total company and 10% for the 'Big 3' segments, driven by strong law firm momentum and improved government growth. The company is pivoting toward 'Fiduciary-Grade AI' through the development of 'Thomson,' a proprietary large language model that delivers frontier-model performance at a fraction of the cost and latency. Strategic portfolio evolution continued with the divestiture of a 51% stake in the Global Print business to KKR, focusing the company on high-growth, content-powered digital solutions. Management attributes the 11% growth in Legal (excluding government) to the successful integration of Westlaw and CoCounsel, which are increasingly blurring the lines between research and workflow. The Corporates segment saw a significant 24% surge in transactional revenue, fueled by Pagero's international expansion and market share gains in transactional compliance. Tax, Audit & Accounting performance was impacted by go-to-market execution challenges and revenue recognition timing, though management expects a second-half recovery. Operational efficiency is being driven by 'reimagining work' initiatives, utilizing AI to automate internal software engineering and customer support functions. Full-year 2026 revenue outlook was raised to approximately 8%, reflecting stronger-than-expected first-half momentum across the Big 3 segments. Management expects significant margin expansion in Q4 2026, targeting a full-year adjusted EBITDA margin of approximately 40% through automation savings and lower severance costs. The company anticipates approximately $9 billion in capital capacity through 2028, intended for aggressive and opportunistic deployment toward M&A and shareholder returns. A broader launch of the next-generation CoCounsel Legal is scheduled for late August 2026, with an agentic version for tax and audit expected this fall. Guidance assumes the Global Print transaction will close in Q4, which is expected to be 60 to 70 basis points accretive to organic revenue growth. The Global Print joint venture with KKR will pay Thomson Reuters a 20% royalty on professional revenue, maintaining TR's editorial control while offloading the physical distribution business. Q3 2026 margins are expected to be temporarily lower at approximately 36% due to $19 million in planned severance expenses and increased marketing spend for 'The CoCo' brand campaign. Management flagged a potential softening in Q3 government growth due to the non-recurrence of specific transactional revenue seen in Q2. The 'Thomson' LLM provides a strategic hedge against third-party model costs and offers 'sovereign AI' options for law firms concerned about data privacy and IP leakage. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management plans to port CoCounsel's 'Tabular Analysis' feature to the Thomson model in August to achieve lower latency and cost advantages. The Thomson model allows the company to offer 'sovereign AI' environments where law firms can run TR models on their own infrastructure to protect sensitive IP. Management does not see a ceiling for growth as fiduciary professions are in the early stages of a multi-year retooling for AI automation. Growth is being driven by law firms reallocating budgets from real estate and headcount toward technology spend to meet client and recruitment pressures. Management admitted that messaging a future 'integrated workflow' vision caused short-term customer confusion and impacted sales momentum for products like SurePrep. Leadership changes and talent additions have been made to correct go-to-market execution, with expectations to get back on track in the second half of the year. Current AI offerings are sold as premium tiers, but management is actively building infrastructure to support consumption-based pricing components starting in 2027. The proprietary Thomson model provides 'compelling optionality' to maintain simple pricing for customers while TR captures significant backend cost savings.

Fiserv, Inc. FISV is scheduled to release second-quarter 2026 results on Aug. 6, before market open. FISV has outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average negative surprise of 0.4%. Fiserv, Inc. price-eps-surprise | Fiserv, Inc. Quote The Zacks Consensus Estimate for revenues is $5.1 billion, relative to the year-ago quarter’s $5.2 billion. The consensus mark suggests a 2.8% fall from the year-ago quarter’s actual. While merchant solutions is expected to deliver slightly elevated revenues from the year-ago quarter, the top line is likely to have been weakened by the sharp fall in financial solutions’ revenues. The consensus estimate for merchant solutions revenues is pinned at $2.6 billion, hinting at a marginal uptick from the year-ago quarter’s actual. We expect the primary growth factor to have been Clover platform expansion. Healthcare and Professional Services launched in March 2026 showed progress, which we anticipate to have continued in the second quarter of 2026 as well. The Zacks Consensus Estimate for merchant solutions operating income is $791.4 million against the year-ago quarter’s $914 million. It reflects a sharp 13.4% year-over-year decline. Rising personnel costs, driven by client-facing workforce expansion and higher operating expenses incurred to fund investments, are the prominent reasons that are likely to have led to this cut. For financial solutions, the consensus estimate for revenues is pegged at $2.4 billion, suggesting a 6.3% year-over-year decline. We anticipate non-recurring project and implementation fees to have led to this downturn. The Zacks Consensus Estimate for the financial solutions segment’s operating income is pegged at $970.9 million, while it logged $1.2 billion in the year-ago quarter. This underscores a sizable 22% year-over-year slide from the year-ago quarter’s actual. Growing expenses associated with funding core improvements, Finxact infrastructure, Vision Next and CashFlow Central are likely to have affected the operating income. The consensus estimate for earnings is pinned at $1.89 per share, suggesting a 23.5% year-over-year tailspin from the year-ago quarter’s actual of $2.47. Incremental expenses from investments fueling long-term client growth are expected to have affected the bottom line. Our proven model does not conclusively predict an earnings beat for Fiserv this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter. Fiserv has an Earnings ESP of -0.20% and a Zacks Rank of 4 (Sell) at present. Here are some stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season. Thomson Reuters TRI: The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $1.9 billion, hinting at a 7.3% increase from the year-ago quarter’s actual. For earnings, the consensus estimate is pegged at 96 cents per share, suggesting a 9.1% rally from the year-ago quarter’s reported number. Over the four trailing quarters, the company has an average earnings surprise of 3.1%. TRI has an Earnings ESP of +2.35% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. The company is scheduled to announce second-quarter 2026 results on Aug. 5. Dave Inc. DAVE: The Zacks Consensus Estimate for the company’s second-quarter 2026 revenues is $169.8 million, suggesting a 28.9% jump from the year-ago quarter’s actual. For earnings, the consensus mark is $3.69 per share, indicating 17.5% growth. DAVE beat the consensus estimate for earnings in the trailing four quarters, with an average surprise of 45.8%. DAVE has an Earnings ESP of +1.42% and a Zacks Rank of 2 at present. The company is scheduled to declare second-quarter 2026 results on Aug. 5. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fiserv, Inc. (FISV) : Free Stock Analysis Report Thomson Reuters Corp (TRI) : Free Stock Analysis Report Dave Inc. (DAVE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Thomson Reuters (TRI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This news and financial information company is expected to post quarterly earnings of $0.96 per share in its upcoming report, which represents a year-over-year change of +9.1%. Revenues are expected to be $1.91 billion, up 7.3% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Thomson Reuters, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.35%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Thomson Reuters will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Thomson Reuters would post earnings of $1.21 per share when it actually produced earnings of $1.23, delivering a surprise of +1.65%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Thomson Reuters appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Thomson Reuters (TRI), which belongs to the Zacks Business - Services industry, could be a great candidate to consider. This news and financial information company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1.29%. For the last reported quarter, Thomson Reuters came out with earnings of $1.23 per share versus the Zacks Consensus Estimate of $1.21 per share, representing a surprise of 1.65%. For the previous quarter, the company was expected to post earnings of $1.08 per share and it actually produced earnings of $1.09 per share, delivering a surprise of 0.93%. Thanks in part to this history, there has been a favorable change in earnings estimates for Thomson Reuters lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thomson Reuters has an Earnings ESP of +2.35% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on August 5, 2026. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research