Canada's Thomson Reuters Q1 revenue and adjusted EPS beat estimates

Thomson Reuters

05/05/2026 11:43

Overview

Canada information services firm's Q1 revenue rose 10%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company completed $605 mln return of capital and repurchased $262 mln in shares

Outlook

Company maintains 2026 organic revenue growth outlook at 7.5%-8.0%

Company raises 2026 net interest expense forecast to $180-$190 mln from $150-$160 mln

Company expects Q2 2026 organic revenue growth of 7%-8% and adjusted EBITDA margin of about 38%

Result Drivers

RECURRING AND TRANSACTION REVENUES - Co said Q1 revenue growth was driven by 10% growth in recurring revenues and 15% growth in transactions revenues, partly offset by a 4% decline in Global Print

AI-ENABLED PRODUCTS - Organic revenue growth in core segments was primarily driven by demand for Westlaw and CoCounsel, per co

ACQUISITIONS - Tax, Audit & Accounting Professionals segment benefited from the SafeSend acquisition, which contributed to transactions revenue growth

Company press release: ID:nCNWfbxCBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.09 bln
$2.04 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$1.23
$1.20 (12 Analysts)
Q1 EPS
$1.03


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the professional information services peer group is "buy"

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)