Thomson Reuters reported a strong start to 2026, with first‑quarter revenues of $2,087 million, up 10% from $1,900 million, driven by 10% growth in recurring revenues and 15% growth in transactions revenue.
Operating profit rose 14% to $639 million and diluted EPS increased to $1.03 from $0.96, helped by higher profit and a lower share count from repurchases. Adjusted EBITDA was $881 million, up 9%, with a 42.2% margin, and free cash flow grew 19% to $332 million.
The “Big 3” segments (Legal Professionals, Corporates, Tax, Audit & Accounting) delivered 9% organic revenue growth. On May 4, the company returned $605 million via a special cash distribution and share consolidation, and had 436.5 million common shares outstanding. Management reaffirmed its 2026 outlook for revenue growth and margins, but increased expected net interest expense to $180–$190 million, reflecting a $1.2 billion share repurchase program and other capital returns.
Thomson Reuters Corporation has received a final court order from the Ontario Superior Court of Justice approving a plan of arrangement for a return of capital and related share consolidation. Shareholders had already approved these transactions on April 28, 2026.
The plan includes a special cash distribution of US$605 million in total, estimated at approximately US$1.36 per common share, and a proportional consolidation of outstanding common shares, effectively a reverse stock split. The transactions remain subject to final approval by the Toronto Stock Exchange and Nasdaq before they can be completed.
Thomson Investments Limited, The Woodbridge Company Limited and related Ontario entities filed Amendment No. 24 to update their large ownership position in Thomson Reuters. The group reports beneficial ownership of 312,518,088 common shares, representing 70.56% of the company’s common shares, based on 442,934,310 shares outstanding as of March 31, 2026. Woodbridge alone reports 300,790,959 shares, or 67.91%.
The amendment details recent activity, including a 96,913‑share acquisition under Thomson Reuters’ Amended and Restated Dividend Reinvestment Plan and open‑market sales totaling 200,000 shares on each of March 18, 19 and 20, 2026 by several affiliated investment entities at average prices around $93–94 in the U.S. and C$127–129 in Canada. It also notes a 13,550,000‑share transfer between two Woodbridge affiliates.
The filing states the group plans to maintain its controlling interest but may buy or sell small amounts for liquidity. Woodbridge’s President and CEO, Michael Medline, will stand for election to the Thomson Reuters board at the June 10, 2026 annual meeting. The amendment also discloses directors’ deferred share units, which mirror common share value but lack voting rights, and reaffirms Woodbridge’s obligations under the Thomson Reuters Trust Principles Support Agreement.
Thomson Reuters has called its 2026 annual meeting of shareholders for June 10, 2026 in Toronto, with a live audio webcast. Shareholders will vote on electing 14 directors, re-appointing PricewaterhouseCoopers as auditor, an advisory say‑on‑pay resolution, and a shareholder proposal the Board opposes.
The circular highlights 2025 as a key year in the company’s AI strategy, including new CoCounsel products and ONESOURCE+ for tax and corporate customers, and $843 million spent on acquisitions to deepen AI capabilities. Revenue grew 3%, organic revenue grew 7%, and the “Big 3” segments delivered 9% organic growth. Operating profit reached $2.1 billion, diluted EPS was $3.33, adjusted EBITDA was $2.9 billion with a 39.2% margin, and adjusted EPS rose to $3.92. The company generated over $2.6 billion of operating cash flow and more than $1.9 billion in free cash flow while joining the Nasdaq‑100 index.
Thomson Reuters Corporation is moving ahead with a proposed return of capital and related share consolidation and is reminding certain shareholders they can choose to opt out. The company plans a special cash distribution of US$605 million in total, or approximately US$1.36 per common share, based on shares outstanding as of March 6, 2026 and assuming no one opts out. Common shares will then be consolidated through a reverse stock split so that non-participating shareholders end up with the same number of shares they held before the transactions, while participating shareholders will hold fewer shares to reflect the cash they receive.
Only “Eligible Opt-Out Shareholders” – generally those taxable as residents outside Canada or dual residents also taxable elsewhere – may opt out of the return of capital, and action is required to do so. Opt-out deadlines vary by intermediary and may be earlier than April 27, 2026. The company explains formulas for the Conversion Ratio and Share Consolidation Ratio, which will be set using the volume weighted average trading price of Thomson Reuters shares on Nasdaq in the five trading days immediately before the effective date. Thomson Reuters emphasizes that tax consequences are complex and urges shareholders to review its March 13, 2026 management proxy circular and consult advisors.
Thomson Reuters Corporation submitted a Form 144 notice relating to proposed sales of Common Shares tied to equity vesting events. The excerpt lists proposed sales associated with a PSU vest dated 03/10/2026 for 2,226 shares and RSU vests dated 05/10/2024 and 05/10/2025 for 1,922 and 310 shares, respectively. The filing names a broker address at UBS Financial Services Inc.
Thomson Reuters Corporation plans a shareholder-friendly capital return paired with a reverse stock split. Shareholders are being asked to approve a plan of arrangement to distribute $605 million through a special cash payment, estimated at about $1.36 per participating common share based on the record-date share count and assuming no opt-outs, followed by a proportional consolidation of outstanding common shares.
The structure is designed so the share consolidation aligns with the cash paid out, using a ratio based on the volume weighted average trading price of the shares on Nasdaq before the effective date. Most shareholders will participate automatically, while certain investors taxable outside Canada may elect to opt out and keep their existing share count instead of receiving cash.
The special meeting to vote on the arrangement is scheduled for April 28, 2026, with effectiveness targeted on or about May 4, 2026 after court approval. The company states it does not expect this transaction to change its dividend amount per share and notes that equity-based awards should remain unaffected.