Thomson Reuters reported third‑quarter 2025 results on November 4, 2025, showing total revenue of $1.782 billion, a 3 % year‑over‑year increase, and GAAP diluted earnings per share of $0.94. Adjusted earnings per share, excluding non‑recurring gains, were $0.85, beating consensus estimates of $0.81. Adjusted EBITDA reached $672 million, giving a margin of 37.7 %, up 240 basis points from the 35.3 % margin reported in Q3 2024.
Segment performance varied: Legal Professionals revenue fell 2 % to $728 million, largely due to the divestiture of FindLaw; Corporates revenue grew 10 % to $478 million, driven by increased demand for regulatory and compliance solutions; Tax & Accounting Professionals revenue rose 15 % to $251 million, supported by the launch of AI‑powered tax document processing tools; Reuters News revenue increased 4 % to $207 million, reflecting higher subscription uptake; and Global Print revenue declined 4 % to $124 million, as the company continues to shift focus to digital offerings.
The company reaffirmed its full‑year 2025 guidance, maintaining a forecast of organic revenue growth of 7 % to 7.5 % and a 9 % growth rate for its “Big 3” segments. Adjusted EBITDA margin is expected to reach approximately 39 % for the year. Free cash flow for the quarter was $526 million, and net cash provided by operating activities was $704 million.
Strategically, Thomson Reuters is accelerating its AI‑driven innovation across legal, tax, and accounting services, including the recent acquisition of Additive AI, a specialist in AI‑powered tax document processing. The company completed a $1 billion share repurchase program, underscoring its commitment to returning value to shareholders. Financially, the company maintains a strong operating margin of 26.6 % and a net margin of 22.4 %, with a debt‑to‑equity ratio of 0.17.
CEO Steve Hasker highlighted the company’s focus on delivering data‑driven insights and AI capabilities to professional markets, noting that the continued investment in technology is expected to drive higher margins and support the guidance for the remainder of the year.
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