Q4 2025 Thomson Reuters Corp Earnings Call Transcript

Feb 5, 2026 / 01:30 PM GMT

Transcript

Key Points

Positve

Thomson Reuters Corp (TRI) achieved a 7% organic revenue growth for the full year, driven by 9% growth in its Big Three segments.
The company expanded its adjusted EBITDA margin by 100 basis points to 39.2%, meeting its financial outlook.
Thomson Reuters Corp (TRI) reported $1.95 billion in free cash flow, slightly ahead of expectations.
The launch of Westlaw Advantage and other AI-enabled products has been well-received, indicating strong market demand.
The company announced a 10% increase in its annual common stock dividend, marking the 33rd consecutive year of dividend growth.

Negative

Global print revenues declined by 6% year-on-year, aligning with expectations but still a negative trend.
Interest expense was higher than forecasted due to the pace of the share repurchase program and declines in market interest rates.
The government segment within the legal professionals' business is expected to experience slower growth due to prior cancellations.
There is ongoing share price volatility due to AI competition concerns, impacting investor sentiment.
The company incurred $19 million in severance expenses related to its AI-driven transformation initiatives, with additional costs expected in the future.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TRI.TO - Thomson Reuters Corp
Q4 2025 Thomson Reuters Corp Earnings Call
Feb 05, 2026 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Please stand by your conference is about to begin.

Good day, everyone, and welcome to the Thomson Reuters 4th quarter earnings call.

Today's conference is being recorded.

At this time, I'd like to turn the call over to Gary Bisbee, head of Investor relations.

Please go ahead.

Thank you, Melinda.

Good morning, and thank you everyone for joining us today for our 4th quarter, 2025 earnings call.

I'm joined today by our CEO Steve Hasker and our CFO Mike Eastwood, each of whom will discuss our results and take your questions following their remarks.

To enable us to get to as many questions as possible, we would appreciate it if you'd limit yourself to one

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