Thomson Reuters revises Q2 revenue to $1.84B

Global Print is excluded from the revised reporting basis, and full-year 2026 outlook will be updated with third-quarter earnings.

Rhea-AI Filing Summary

Thomson Reuters (TRI) issued supplemental results after the sale of a 51% stake in Global Print to capital accounts advised by KKR; the parties formed a joint venture operating as Westbridge Print. Global Print will be reported as discontinued operations beginning in Q3 2026, and prior periods are restated to exclude the business.

On the revised basis, Q2 2026 revenue was $1.843 billion and adjusted EBITDA was $678 million, with a 36.8% adjusted EBITDA margin. For the first six months of 2026, revised revenue was $3.818 billion and adjusted EBITDA was $1.489 billion, with a 39.0% adjusted EBITDA margin. Recalculated on the reporting basis for Q3, the previously provided outlook would have been approximately 9% organic revenue growth and approximately 35% adjusted EBITDA margin; the earlier outlook included Global Print.

Royalty and transitional services arrangements that began October 1, 2026 are expected, starting with Q4 results, to largely offset stranded costs from the separation. Following the transaction close, Thomson Reuters expects an approximately neutral adjusted EBITDA margin impact and 60–70 basis points of accretion to annual organic revenue growth. It plans to issue a revised full-year 2026 outlook with Q3 earnings on November 3, 2026.

1 point · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Post-close annual organic revenue growth expected to be 60–70 basis points accretive.

Negative

• None.

Filing Explained

The supplement adds a full-year 2025 baseline excluding Global Print: Thomson Reuters reports revised revenue of US$6,986 million, adjusted EBITDA of US$2,617 million and an adjusted EBITDA margin of 37.4%.

Key Figures

Global Print stake sold: 51% Q3 2026 organic revenue growth outlook: Approximately 9% Q3 2026 adjusted EBITDA margin outlook: Approximately 35% +5 more

8 metrics

Global Print stake sold 51% Sale to capital accounts advised by KKR

Q3 2026 organic revenue growth outlook Approximately 9% Previously provided outlook recalculated on the reporting basis for Q3

Q3 2026 adjusted EBITDA margin outlook Approximately 35% Previously provided outlook recalculated on the reporting basis for Q3

Q2 2026 revised revenue $1.843 billion Three months ended June 30, 2026

Q2 2026 revised adjusted EBITDA $678 million Three months ended June 30, 2026

YTD 2026 revised revenue $3.818 billion Six months ended June 30, 2026

YTD 2026 revised adjusted EBITDA $1.489 billion Six months ended June 30, 2026

Expected annual organic revenue growth accretion 60–70 basis points Expected following the Global Print transaction close

Key Terms

discontinued operations, organic revenue growth, adjusted EBITDA margin, stranded costs

4 terms

discontinued operations financial

"Global Print as discontinued operations beginning in the third-quarter of 2026"

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

organic revenue growth financial

"60 – 70 basis points accretive to annual organic revenue growth"

Organic revenue growth is the increase in a company's sales that comes from its existing products and services, without including any gains from acquisitions or selling off parts of the business. It reflects the company’s ability to attract more customers or encourage existing customers to buy more over time. For investors, it indicates the company's underlying strength and efficiency in expanding its core operations.

adjusted EBITDA margin financial

"approximately neutral to adjusted EBITDA margin following the transaction close"

Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.

stranded costs financial

"royalty and transitional services arrangements are expected to largely offset stranded costs"

Costs or investments that a company cannot recover because changes in regulation, market conditions, technology, or demand make the assets or business assumptions obsolete or unprofitable. They typically arise when previously allowed ways of recouping costs (for example regulated rates, exclusive market position, or expected future cash flows) are removed or evaporate, leaving assets on the books that must be written down or paid for without corresponding revenue. Distinction: stranded costs are not merely past expenses (sunk costs) but are expenditures or expected recoveries that become unrecoverable due to external change and often prompt accounting write‑downs or regulatory recovery proceedings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is TRI's recalculated Q3 2026 outlook?

On the reporting basis Thomson Reuters will use for Q3, its previously provided outlook would have been approximately 9% organic revenue growth and approximately 35% adjusted EBITDA margin. The earlier outlook included Global Print.

How did Thomson Reuters restate its 2025 results after the Global Print transaction?

Revised 2025 revenue was $6.986 billion, adjusted EBITDA was $2.617 billion, and adjusted EPS was $3.34. The revised results exclude Global Print.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/19/2026 - 04:30 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:30 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-31349

THOMSON REUTERS CORPORATION

(Translation of registrant’s name into English)

19 Duncan Street

Toronto, Ontario M5H 3H1, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐   Form  40-F ☒

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THOMSON REUTERS CORPORATION
(Registrant)
By:		/s/ Jennifer Ruddick
		Name:		Jennifer Ruddick
		Title:		Deputy Company Secretary

Date: October 19, 2026

EXHIBIT INDEX

Exhibit Number		Description
99.1		News release dated October 19, 2026 – Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction

Exhibit 99.1

NEWS RELEASE

Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction

TORONTO, October 19, 2026 -- As previously announced on October 1, 2026, Thomson Reuters (TSX/Nasdaq: TRI) (“the company”) sold a 51% stake in its Global Print business to capital accounts advised by KKR, with the two parties forming a joint venture to operate the Global Print business, now operating as Westbridge Print.

As a result of this transaction, Thomson Reuters will report Global Print as discontinued operations beginning in the third-quarter of 2026. Prior periods presented will be restated to reflect this change. A supplemental schedule has been posted to the “Investor Relations” section of thomsonreuters.com with revised 2025 and 2026 results that exclude the Global Print business.

On August 5, 2026, the company provided a third-quarter 2026 outlook for organic revenue growth of approximately 8% and adjusted EBITDA margin of approximately 36%, which included the results of the Global Print business. Calculated on the basis the company will use to report its third-quarter results, the previously provided outlook would have been approximately 9% organic revenue growth and approximately 35% adjusted EBITDA margin.

The revised historical information and the third-quarter 2026 outlook do not reflect certain arrangements that began on October 1, 2026, namely:

• Westbridge Print will pay a royalty to Thomson Reuters equal to 20% of its Professional revenue (approximately 85% – 90% of total Westbridge Print revenue) for the exclusive license to distribute the company’s intellectual property in print and on ProView, its eBook platform.

• Westbridge Print has entered into a multi-year agreement with Thomson Reuters where it will reimburse the company for certain transition services as the joint venture migrates to a standalone entity.

Beginning with fourth-quarter results, the impact of the royalty and transitional services arrangements are expected to largely offset stranded costs from the separation. As a result, the company continues to expect the impact from the Global Print transaction to be approximately neutral to adjusted EBITDA margin following the transaction close, as well as 60 – 70 basis points accretive to annual organic revenue growth.

The company will issue a revised full-year 2026 outlook when it reports its third-quarter earnings on November 3, 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 and accompanying web site post include 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, adjusted earnings and adjusted EPS, as well as financial measures for the “Big 3” segments. Non-IFRS financial measures are defined and reconciled to the most directly comparable IFRS measures in the supplemental schedules provided herein and on the website. Changes in revenues computed on an organic basis represent changes in revenues of the company’s existing businesses at constant currency. The metric excludes the distortive impacts of acquisitions and dispositions from not owning the business in both comparable periods.

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. The company’s 2026 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

NEWS RELEASE

Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction

Page 2 of 8

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.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS

Certain statements in this news release, including statements regarding the company’s expectations with respect to impacts from certain arrangements entered into with the Global Print joint venture 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 18-19 of the company’s second-quarter management’s discussion and analysis (MD&A) for the period ended June 30, 2026. The company’s quarterly MD&A was filed with, or furnished to, the Canadian securities regulatory authorities and the U.S. SEC and is 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

MEDIA

Zoe Zanettos

Corporate Affairs

+1 647 202 8948

zoe.zanettos@thomsonreuters.com

INVESTORS

Gary E. Bisbee, CFA

Head of Investor Relations

+1 646 540 3249

gary.bisbee@thomsonreuters.com

THOMSON REUTERS CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION- REVISIONS TO SEGMENT REVENUES, ADJUSTED EBITDA AND THE RELATED MARGINS REVISED CONSOLIDATED ADJUSTED EARNINGS (UNAUDITED) (millions of U.S. dollars, except margins) October 19, 2026 Page 3

On October 1, 2026, Thomson Reuters sold a 51% stake in its Global Print business to capital accounts advised by KKR, with the two parties forming a joint venture to operate the Global Print business, now operating as Westbridge Print. As a result of this transaction, Thomson Reuters will report Global Print in discontinued operations beginning in the third-quarter of 2026. Prior periods presented will be restated to reflect this change. The following supplemental information provides revised business segment information for each quarter and the six-month period of 2026, excluding the Global Print business. The information provides the company’s historical results on a continuing operations basis. Refer to the company’s press release dated October 19, 2026, “Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction” for further information.

2026 QUARTERLY & JUNE YEAR-TO-DATE (YTD)		AS REPORTED																ADJUSTMENTS																AS REVISED
		Q1 2026				Q2 2026				YTD 2026								Q1 2026				Q2 2026				YTD 2026								Q1 2026				Q2 2026				YTD 2026
Revenues
Legal Professionals			$756				$772				$1,528								-				-				-								$756				$772				$1,528
Corporates			608				537				1,145								-				-				-								608				537				1,145
Tax, Audit & Accounting Professionals			410				311				721								-				-				-								410				311				721
“Big 3” segments combined (1)			1,774				1,620				3,394								-				-				-								1,774				1,620				3,394
Reuters			212				229				441								-				-				-								212				229				441
Global Print			112				111				223								(112)				(111)				(223)								-				-				-
Eliminations/Rounding			(11)				(6)				(17)								-				-				-								(11)				(6)				(17)
Total revenues			$2,087				$1,954				$4,041								($112)				($111)				($223)								$1,975				$1,843				$3,818
Adjusted EBITDA
Legal Professionals			$365				$371				$736								-				-				-								$365				$371				$736
Corporates			243				200				443								-				-				-								243				200				443
Tax, Audit & Accounting Professionals			221				120				341								-				-				-								221				120				341
“Big 3” segments combined (1)			829				691				1,520								-				-				-								829				691				1,520
Reuters			34				48				82								-				-				-								34				48				82
Global Print			43				42				85								(43)				(42)				(85)								-				-				-
Corporate costs			(25)				(36)				(61)								(27)				(25)				(52)								(52)				(61)				(113)
Total adjusted EBITDA (1)			$881				$745				$1,626								($70)				($67)				($137)								$811				$678				$1,489
Adjusted EBITDA margin
Legal Professionals			48.3%				48.1%				48.2%								-				-				-								48.3%				48.1%				48.2%
Corporates			40.0%				37.2%				38.7%								-				-				-								40.0%				37.2%				38.7%
Tax, Audit & Accounting Professionals			53.8%				38.7%				47.3%								-				-				-								53.8%				38.7%				47.3%
“Big 3” segments combined (1)			46.7%				42.7%				44.8%								-				-				-								46.7%				42.7%				44.8%
Reuters			16.1%				20.8%				18.6%								-				-				-								16.1%				20.8%				18.6%
Global Print			38.6%				37.7%				38.2%								-				-				-								-				-				-
Total adjusted EBITDA margin (1)			42.2%				38.1%				40.2%								(110) bp				(130) bp				(120) bp								41.1%				36.8%				39.0%
Adjusted earnings
Adjusted EBITDA			$881				$745				$1,626								($70)				($67)				($137)								$811				$678				$1,489
Adjustments:
Depreciation and Software Amortization (2)			(165)				(168)				(333)								2				2				4								(163)				(166)				(329)
Net Interest expense			(39)				(47)				(86)								-				-				-								(39)				(47)				(86)
Income tax			(129)				(94)				(223)								11				10				21								(118)				(84)				(202)
Dividends declared on preference shares			(1)				(1)				(2)								-				-				-								(1)				(1)				(2)
Adjusted earnings (1)			$547				$435				$982								($57)				($55)				($112)								$490				$380				$870
Adjusted earnings per share (1)			$1.23				$0.99				$2.22								($0.13)				($0.13)				($0.25)								$1.10				$0.87				$1.97
Weighted average shares (in millions)			444.7				438.6				441.7																								444.7				438.6				441.7

The Company reports its results in millions of U.S. dollars, but computes margins using whole-dollars to be more precise. As a result, adjusted EBITDA margins calculated from reported amounts may differ from those presented.

(1) Non-IFRS measures. Refer to the reconciliations of adjusted EBITDA and adjusted earnings to most comparable IFRS measure and the reconciliation of adjusted EBITDA margin, both of which are included within this post. The “Big 3” segments are the combined Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments. Information for the “Big 3” segments is useful to management and investors as these businesses will comprise approximately 90% of total company revenues as revised and represent the core of the company’s business information services product offerings. All “Big 3” financial measures are non-IFRS.

(2) Represents depreciation and amortization of internally developed software.

THOMSON REUTERS CORPORATION		October 19, 2026
SUPPLEMENTAL FINANCIAL INFORMATION- REVISIONS TO SEGMENT REVENUES, ADJUSTED EBITDA AND THE RELATED MARGINS		Page 4
REVISED CONSOLIDATED ADJUSTED EARNINGS (Unaudited) (millions of U.S. dollars, except margins, share and per share amounts)

On October 1, 2026, Thomson Reuters sold a 51% stake in its Global Print business to capital accounts advised by KKR, with the two parties forming a joint venture to operate the Global Print business, now operating as Westbridge Print. As a result of this transaction, Thomson Reuters will report Global Print in discontinued operations beginning in the third-quarter of 2026. Prior periods presented will be restated to reflect this change. The following supplemental information provides revised business segment information for each quarter and the full year of 2025, excluding the Global Print business. The information provides the company’s historical results on a continuing operations basis. Refer to the company’s press release dated October 19, 2026, “Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction” for further information.

2025 QUARTERLY & FULL YEAR		AS REPORTED (3)																								ADJUSTMENTS																								AS REVISED (3)
		Q1 2025				Q2 2025				Q3 2025				Q4 2025				FY 2025								Q1 2025				Q2 2025				Q3 2025				Q4 2025				FY 2025								Q1 2025				Q2 2025				Q3 2025				Q4 2025				FY 2025
Revenues
Legal Professionals			$688				$704				$721				$730				$2,843								-				-				-				-				-								$688				$704				$721				$730				$2,843
Corporates			548				480				489				506				2,023								-				-				-				-				-								548				480				489				506				2,023
Tax, Audit & Accounting Professionals			358				274				247				412				1,291								-				-				-				-				-								358				274				247				412				1,291
“Big 3” segments combined (1)			1,594				1,458				1,457				1,648				6,157								-				-				-				-				-								1,594				1,458				1,457				1,648				6,157
Reuters			196				218				207				232				853								-				-				-				-				-								196				218				207				232				853
Global Print			116				114				124				136				490								(116)				(114)				(124)				(136)				(490)								-				-				-				-				-
Eliminations/Rounding			(6)				(5)				(6)				(7)				(24)								-				-				-				-				-								(6)				(5)				(6)				(7)				(24)
Total revenues			$1,900				$1,785				$1,782				$2,009				$7,476								($116)				($114)				($124)				($136)				($490)								$1,784				$1,671				$1,658				$1,873				$6,986
Adjusted EBITDA
Legal Professionals			$336				$339				$353				$326				$1,354								-				-				-				-				-								$336				$339				$353				$326				$1,354
Corporates			215				172				177				163				727								-				-				-				-				-								215				172				177				163				727
Tax, Audit & Accounting Professionals			208				110				76				220				614								-				-				-				-				-								208				110				76				220				614
“Big 3” segments combined (1)			759				621				606				709				2,695								-				-				-				-				-								759				621				606				709				2,695
Reuters			39				45				42				48				174								-				-				-				-				-								39				45				42				48				174
Global Print			44				41				46				54				185								(44)				(41)				(46)				(54)				(185)								-				-				-				-				-
Corporate costs			(33)				(29)				(22)				(34)				(118)								(33)				(32)				(33)				(36)				(134)								(66)				(61)				(55)				(70)				(252)
Total adjusted EBITDA (1)			$809				$678				$672				$777				$2,936								($77)				($73)				($79)				($90)				($319)								$732				$605				$593				$687				$2,617
Adjusted EBITDA margin
Legal Professionals			48.7%				48.1%				49.0%				44.7%				47.6%								-				-				-				-				-								48.7%				48.1%				49.0%				44.7%				47.6%
Corporates			39.3%				35.7%				36.3%				32.2%				35.9%								-				-				-				-				-								39.3%				35.7%				36.3%				32.2%				35.9%
Tax, Audit & Accounting Professionals			56.6%				38.9%				30.6%				53.4%				46.9%								-				-				-				-				-								56.6%				38.9%				30.6%				53.4%				46.9%
“Big 3” segments combined (1)			47.3%				42.3%				41.7%				43.0%				43.6%								-				-				-				-				-								47.3%				42.3%				41.7%				43.0%				43.6%
Reuters			20.0%				20.8%				19.9%				21.0%				20.4%								-				-				-				-				-								20.0%				20.8%				19.9%				21.0%				20.4%
Global Print			37.8%				36.0%				37.1%				39.6%				37.7%								-				-				-				-				-								-				-				-				-				-
Total adjusted EBITDA margin (1)			42.3%				37.8%				37.7%				38.7%				39.2%								(150) bp				(180) bp				(190) bp				(200) bp				(180) bp								40.8%				36.0%				35.8%				36.7%				37.4%
Adjusted earnings
Adjusted EBITDA			$809				$678				$672				$777				$2,936								($77)				($73)				($79)				($90)				($319)								$732				$605				$593				$687				$2,617
Adjustments:
Depreciation and Software Amortization (2)			(152)				(154)				(158)				(162)				(626)								2				2				3				2				9								(150)				(152)				(155)				(160)				(617)
Net Interest expense			(30)				(35)				(38)				(40)				(143)								-				-				-				-				-								(30)				(35)				(38)				(40)				(143)
Income tax			(120)				(94)				(92)				(95)				(401)								12				11				12				16				51								(108)				(83)				(80)				(79)				(350)
Dividends declared on preference shares			(1)				(1)				(1)				(1)				(4)								-				-				-				-				-								(1)				(1)				(1)				(1)				(4)
Adjusted earnings (1)			$506				$394				$383				$479				$1,762								($63)				($60)				($64)				($72)				($259)								$443				$334				$319				$407				$1,503
Adjusted earnings per share (1)			$1.12				$0.87				$0.85				$1.07				$3.92								($0.14)				($0.13)				($0.14)				($0.16)				($0.58)								$0.98				$0.74				$0.71				$0.91				$3.34
Weighted average shares (in millions)			450.8				451.2				450.3				445.6				449.5																																450.8				451.2				450.3				445.6				449.5

The Company reports its results in millions of U.S. dollars, but computes margins using whole-dollars to be more precise. As a result, adjusted EBITDA margins calculated from reported amounts may differ from those presented.

(1) Non-IFRS measures. Refer to the reconciliations of adjusted EBITDA and adjusted earnings to most comparable IFRS measure and the reconciliation of adjusted EBITDA margin, both of which are included within this post. The “Big 3” segments are the combined Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segments. Information for the “Big 3” segments is useful to management and investors as these businesses comprise approximately 90% of total company revenues as revised and represent the core of the company’s business information services product offerings. All “Big 3” financial measures are non-IFRS.

(2) Represents depreciation and amortization of internally developed software.

(3) Reflects February 5, 2026 revisions between Legal Professionals, Corporates and Tax, Audit & Accounting Professionals to transfer certain customers reflecting how the segments are managed prospectively.

THOMSON REUTERS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION- RECONCILIATION OF EARNINGS FROM CONTINUING OPERATIONS TO ADJUSTED EBITDA (1)		October 19, 2026
(Unaudited)		Page 5
(millions of U.S. dollars)

		Three Months Ended March 31, 2025												Three Months Ended June 30, 2025												Three Months Ended September 30, 2025												Three Months Ended December 31, 2025
		As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised
Earnings from continuing operations			$425				($63)				$362				$297				($60)				$237				$428				($64)				$364				$333				($71)				$262
Adjustments to remove:
Tax expense			92				(12)				80				52				(11)				41				121				(12)				109				158				(16)				142
Other finance costs (income)			10				-				10				48				-				48				(7)				-				(7)				4				-				4
Net interest expense			30				-				30				35				-				35				38				-				38				40				-				40
Amortization of other identifiable intangible assets			25				-				25				24				-				24				24				-				24				25				-				25
Amortization of software			174				-				174				178				-				178				182				(1)				181				187				-				187
Depreciation			27				(2)				25				28				(2)				26				28				(2)				26				28				(2)				26
EBITDA			783				(77)				706				662				(73)				589				814				(79)				735				775				(89)				686
Adjustments to remove:
Share of post-tax losses in equity method investments			6				-				6				4				-				4				13				-				13				5				-				5
Other operating losses (gains), net			3				-				3				(5)				-				(5)				(160)				-				(160)				(2)				(1)				(3)
Fair value adjustments (2)			17				-				17				17				-				17				5				-				5				(1)				-				(1)
Adjusted EBITDA(1)			$809				($77)				$732				$678				($73)				$605				$672				($79)				$593				$777				($90)				$687
		Full Year Ended December 31, 2025												Three Months Ended March 31, 2026												Three Months Ended June 30, 2026												YTD (Six Months Ended June 30, 2026)
		As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised
Earnings from continuing operations			$1,483				($258)				$1,225				$477				($57)				$420				$444				($51)				$393				$921				($108)				$813
Adjustments to remove:
Tax expense			423				(51)				372				125				(11)				114				71				(9)				62				196				(20)				176
Other finance costs (income)			55				-				55				(9)				-				(9)				(8)				-				(8)				(17)				-				(17)
Net interest expense			143				-				143				39				-				39				47				-				47				86				-				86
Amortization of other identifiable intangible assets			98				-				98				24				-				24				25				-				25				49				-				49
Amortization of software			721				(1)				720				193				-				193				201				-				201				394				-				394
Depreciation			111				(8)				103				28				(2)				26				27				(2)				25				55				(4)				51
EBITDA			3,034				(318)				2,716				877				(70)				807				807				(62)				745				1,684				(132)				1,552
Adjustments to remove:
Share of post-tax losses in equity method investments			28				-				28				7				-				7				4				-				4				11				-				11
Other operating (gains) losses, net			(164)				(1)				(165)				-				-				-				(68)				(5)				(73)				(68)				(5)				(73)
Fair value adjustments (2)			38				-				38				(3)				-				(3)				2				-				2				(1)				-				(1)
Adjusted EBITDA(1)			$2,936				($319)				$2,617				$881				($70)				$811				$745				($67)				$678				$1,626				($137)				$1,489

(1) The Company defines adjusted EBITDA as earnings or losses from continuing operations before tax expense or benefit, net interest expense, other finance costs or income, depreciation, amortization of software and other identifiable intangible assets, Thomson Reuters share of post-tax earnings or losses in equity method investments, other operating gains and losses, certain asset impairment charges, and fair value adjustments, including those related to acquired deferred revenue. The related margin is adjusted EBITDA expressed as a percentage of revenues. For purposes of this calculation, revenues are before fair value adjustments to acquired deferred revenue. See reconciliation of adjusted EBITDA margin included in this post. These measures provide a consistent basis to evaluate operating profitability and performance trends by excluding items that the Company does not consider to be controllable activities for this purpose.

(2) Fair value adjustments primarily represent gains or losses due to changes in foreign currency exchange rates on intercompany balances that arise in the ordinary course of business, which are a component of operating expenses, as well as adjustments related to acquired deferred revenue.

THOMSON REUTERS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION- RECONCILIATION OF NET EARNINGS TO ADJUSTED EARNINGS AND ADJUSTED EPS (earnings per share) (1)		October 19, 2026
(Unaudited)		Page 6
(millions of U.S. dollars)

		Three Months Ended March 31, 2025												Three Months Ended June 30, 2025												Three Months Ended September 30, 2025												Three Months Ended December 31, 2025
		As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised
Net Earnings			$434				-				$434				$313				-				$313				$423				-				$423				$332				-				$332
Adjustments to remove:
Fair value adjustments (2)			17				-				17				17				-				17				5				-				5				(1)				-				(1)
Amortization of acquired software			49				-				49				52								52				52				-				52				53				-				53
Amortization of other identifiable intangible assets			25				-				25				24				-				24				24				-				24				25				-				25
Other operating losses (gains), net			3				-				3				(5)				-				(5)				(160)				-				(160)				(2)				(1)				(3)
Other finance costs (income)			10				-				10				48				-				48				(7)				-				(7)				4				-				4
Share of post-tax losses in equity method investments			6				-				6				4				-				4				13				-				13				5				-				5
Tax on above items			(24)				-				(24)				(22)				-				(22)				16				-				16				(5)				-				(5)
Tax items impacting comparability			1				-				1				(21)				-				(21)				11				-				11				66								66
(Earnings) loss from discontinued operations, net of tax			(9)				(63)				(72)				(16)				(60)				(76)				5				(64)				(59)				1				(71)				(70)
Interim period effective tax rate normalization (3)			(5)				-				(5)				1				-				1				2				-				2				2								2
Dividends declared on preference shares			(1)				-				(1)				(1)				-				(1)				(1)				-				(1)				(1)				-				(1)
Adjusted Earnings(1)			$506				($63)				$443				$394				($60)				$334				$383				($64)				$319				$479				($72)				$407
Adjusted EPS (1)			$1.12								$0.98				$0.87								$0.74				$0.85								$0.71				$1.07								$0.91
Diluted weighted-average common shares (millions)			450.8								450.8				451.2								451.2				450.3								450.3				445.6								445.6
		Full Year Ended December 31, 2025												Three Months Ended March 31, 2026												Three Months Ended June 30, 2026												YTD (Six Months Ended June 30, 2026)
		As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised				As Reported				Adjustments				As Revised
Net earnings			$1,502				-				$1,502				$459				-				$459				$448				-				$448				$907				-				$907
Adjustments to remove:
Fair value adjustments (2)			38				-				38				(3)				-				(3)				2				-				2				(1)				-				(1)
Amortization of acquired software			206				-				206				56				-				56				60				-				60				116				-				116
Amortization of other identifiable intangible assets			98				-				98				24				-				24				25				-				25				49				-				49
Other operating gains, net			(164)				(1)				(165)				-				-				-				(68)				(5)				(73)				(68)				(5)				(73)
Other finance costs (income)			55				-				55				(9)				-				(9)				(8)				-				(8)				(17)				-				(17)
Share of post-tax losses in equity method investments			28				-				28				7				-				7				4				-				4				11				-				11
Tax on above items			(35)				-				(35)				(14)				-				(14)				(20)				1				(19)				(34)				1				(33)
Tax items impacting comparability			57				-				57				(1)								(1)				(3)				-				(3)				(4)				-				(4)
(Earnings) loss from discontinued operations, net of tax			(19)				(258)				(277)				18				(57)				(39)				(4)				(51)				(55)				14				(108)				(94)
Interim period effective tax rate normalization (3)			-				-				-				11				-				11				-				-				-				11				-				11
Dividends declared on preference shares			(4)				-				(4)				(1)								(1)				(1)								(1)				(2)				-				(2)
Adjusted Earnings(1)			$1,762				($259)				$1,503				$547				($57)				$490				$435				($55)				$380				$982				($112)				$870
Adjusted EPS (1)			$3.92								$3.34				$1.23								$1.10				$0.99								$0.87				$2.22								$1.97
Diluted weighted-average common shares (millions)			449.5								449.5				444.7								444.7				438.6								438.6				441.7								441.7

(1) The Company defines adjusted earnings as net earnings or loss including dividends declared on preference shares but excluding the post-tax impacts of fair value adjustments, including those related to acquired deferred revenue, amortization of acquired intangible assets (attributable to other identifiable intangible assets and acquired software), other operating gains and losses, certain asset impairment charges, other finance costs or income, our share of post-tax earnings or losses in equity method investments, discontinued operations and other items affecting comparability. Acquired intangible assets contribute to the generation of revenues from acquired companies, which are included in our computation of adjusted earnings. The post-tax amount of each item is excluded from adjusted earnings based on the specific tax rules and tax rates associated with the nature and jurisdiction of each item. Adjusted EPS is calculated from adjusted earnings using diluted weighted-average shares and does not represent actual earnings or loss per share attributable to shareholders. These measures provide a more comparable basis to analyze earnings and are commonly used by shareholders to measure performance.

(2) Fair value adjustments primarily represent gains or losses due to changes in foreign currency exchange rates on intercompany balances that arise in the ordinary course of business, which are a component of operating expenses, as well as adjustments related to acquired deferred revenue.

(3) In interim periods, the company makes an adjustment to reflect income taxes based on the estimated full-year effective tax rate. Earnings or losses for interim periods under IFRS reflect income taxes based on the estimated effective tax rates of each of the jurisdictions in which we operate. The non-IFRS adjustment reallocates estimated full-year income taxes between interim periods but has no effect on full-year income taxes.

THOMSON REUTERS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION- RECONCILIATION OF ADJUSTED EBITDA MARGIN (1)		October 19, 2026
(Unaudited)		Page 7
(millions of U.S. dollars)

		Revised IFRS   revenues				Remove fair value adjustments to acquired deferred revenue				Revised revenues excluding fair value adjustments to acquired deferred revenue		Revised Adjusted  EBITDA		Revised Adjusted  EBITDA Margin
YTD (Six Months Ended June 30, 2026)
Legal Professionals			$1,528				-			$1,528		$736		48.2%
Corporates			1,145				-			1,145		443		38.7%
Tax, Audit & Accounting Professionals			721				-			721		341		47.3%
“Big 3” Segments Combined(1)			3,394				-			3,394		1,520		44.8%
Reuters			441				-			441		82		18.6%
Eliminations/Rounding			(17)				-			(17)		-		n/a
Corporate costs			-				-			-		(113)		n/a
Consolidated totals			$3,818				-			$3,818		$1,489		39.0%
Three Months ended June 30, 2026
Legal Professionals			$772				-			$772		$371		48.1%
Corporates			537				-			537		200		37.2%
Tax, Audit & Accounting Professionals			311				-			311		120		38.7%
“Big 3” Segments Combined(1)			1,620				-			1,620		691		42.7%
Reuters			229				-			229		48		20.8%
Eliminations/Rounding			(6)				-			(6)		-		n/a
Corporate costs			-				-			-		(61)		n/a
Consolidated totals			$1,843				-			$1,843		$678		36.8%
Three Months March 31, 2026
Legal Professionals			$756				-			$756		$365		48.3%
Corporates			608				-			608		243		40.0%
Tax, Audit & Accounting Professionals			410				-			410		221		53.8%
“Big 3” Segments Combined(1)			1,774				-			1,774		829		46.7%
Reuters			212				-			212		34		16.1%
Eliminations/Rounding			(11)				-			(11)		-		n/a
Corporate costs			-				-			-		(52)		n/a
Consolidated totals			$1,975				-			$1,975		$811		41.1%

(1) To compute segment and consolidated adjusted EBITDA margin, we exclude fair value adjustments related to acquired deferred revenue from our IFRS revenues. The chart above reconciles IFRS revenues to revenues used in the calculation of adjusted EBITDA margin, which excludes fair value adjustments related to acquired deferred revenue.

The Company reports its results in millions of U.S. dollars, but computes margins using whole-dollars to be more precise. As a result, adjusted EBITDA margins calculated from reported amounts may differ from those presented.

THOMSON REUTERS CORPORATION
SUPPLEMENTAL FINANCIAL INFORMATION- RECONCILIATION OF ADJUSTED EBITDA MARGIN (1)		October 19, 2026
(Unaudited)		Page 8
(millions of U.S. dollars)

		Revised IFRS revenues				Remove fair value  adjustments to acquired  deferred revenue				Revised revenues excluding fair value adjustments to acquired deferred revenue		Revised Adjusted  EBITDA		Revised Adjusted   EBITDA Margin
Year ended December 31, 2025
Legal Professionals			$2,843				-			$2,843		$1,354		47.6%
Corporates			2,023				-			2,023		727		35.9%
Tax, Audit & Accounting Professionals			1,291				20			1,311		614		46.9%
“Big 3” Segments Combined(1)			6,157				20			6,177		2,695		43.6%
Reuters			853				-			853		174		20.4%
Eliminations/Rounding			(24)				-			(24)		-		n/a
Corporate costs			-				-			-		(252)		n/a
Consolidated totals			$6,986				$20			$7,006		$2,617		37.4%
Three Months ended December 31, 2025
Legal Professionals			$730				-			$730		$326		44.7%
Corporates			506				-			506		163		32.2%
Tax, Audit & Accounting Professionals			412				-			412		220		53.4%
“Big 3” Segments Combined(1)			1,648				-			1,648		709		43.0%
Reuters			232				-			232		48		21.0%
Eliminations/Rounding			(7)				-			(7)		-		n/a
Corporate costs			-				-			-		(70)		n/a
Consolidated totals			$1,873				-			$1,873		$687		36.7%
Three Months ended September 30, 2025
Legal Professionals			$721				-			$721		$353		49.0%
Corporates			489				-			489		177		36.3%
Tax, Audit & Accounting Professionals			247				-			247		76		30.6%
“Big 3” Segments Combined(1)			1,457				-			1,457		606		41.7%
Reuters			207				-			207		42		19.9%
Eliminations/Rounding			(6)				-			(6)		-		n/a
Corporate costs			-				-			-		(55)		n/a
Consolidated totals			$1,658				-			$1,658		$593		35.8%
Three Months ended June 30, 2025
Legal Professionals			$704				-			$704		$339		48.1%
Corporates			480				-			480		172		35.7%
Tax, Audit & Accounting Professionals			274				10			284		110		38.9%
“Big 3” Segments Combined(1)			1,458				10			1,468		621		42.3%
Reuters			218				-			218		45		20.8%
Eliminations/Rounding			(5)				-			(5)		-		n/a
Corporate costs			-				-			-		(61)		n/a
Consolidated totals			$1,671				$10			$1,681		$605		36.0%
Three Months ended March 31, 2025
Legal Professionals			$688				-			$688		$336		48.7%
Corporates			548				-			548		215		39.3%
Tax, Audit & Accounting Professionals			358				10			368		208		56.6%
“Big 3” Segments Combined(1)			1,594				10			1,604		759		47.3%
Reuters			196				-			196		39		20.0%
Eliminations/Rounding			(6)				-			(6)		-		n/a
Corporate costs			-				-			-		(66)		n/a
Consolidated totals			$1,784				$10			$1,794		$732		40.8%

(1) To compute segment and consolidated adjusted EBITDA margin, we exclude fair value adjustments related to acquired deferred revenue from our IFRS revenues. The chart above reconciles IFRS revenues to revenues used in the calculation of adjusted EBITDA margin, which excludes fair value adjustments related to acquired deferred revenue.

The Company reports its results in millions of U.S. dollars, but computes margins using whole-dollars to be more precise. As a result, adjusted EBITDA margins calculated from reported amounts may differ from those presented.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 THOMSON REUTERS-SUPPLEMENTAL FINANCIAL INFORMATION 471.2 KB