Thomson Reuters Corp. (Thomson Reuters (TRI)) kicked off its 2026 with a solid first quarter, beating analyst estimates on both profit and revenue. The company reported earnings of $1.23 per share, topping the consensus estimate of $1.20 and climbing from $1.12 a year ago. Revenue came in at $2.087 billion, also ahead of the $2.046 billion analysts were looking for, and up from $1.900 billion in the same period last year.

The company reaffirmed its full-year 2026 outlook, projecting total and organic revenue growth of 7.5% to 8.0%, along with a 100-basis-point expansion in adjusted EBITDA margin compared to 2025. Full-year revenue is still expected to land between $8.037 billion and $8.074 billion, which is broadly in line with the $8.060 billion consensus. Other key assumptions remain unchanged: corporate costs between $115 million and $125 million, free cash flow around $2.1 billion, and capital expenditures at roughly 8% of revenue.

Thomson Reuters continues to prioritize returning capital to shareholders. On May 4, the company completed a $605 million return of capital transaction, reducing its share count by about 6.5 million shares. As of March 31, the company held $400 million in cash and cash equivalents. It also repurchased $262 million worth of shares under its current buyback program, following a February announcement of a 10% dividend increase to $2.62 per share.

CEO Steve Hasker credited the strong start to the company's focus on specialized technology. "We have delivered an encouraging start to 2026," Hasker said. "Across law, tax, audit and compliance, professionals accountable for high‑stakes outcomes are choosing our AI products." He referred to these tools as "fiduciary-grade AI," emphasizing their reliability for critical decision-making.

On the operational side, total adjusted EBITDA rose 9%, though the margin dipped slightly to 42.2%, partly due to a 50-basis-point hit from foreign currency headwinds. Revenue grew across all core segments: Legal Professionals hit $756 million, Corporates rose to $608 million, and Tax, Audit & Accounting Professionals posted the biggest percentage gain, with revenue reaching $410 million.

Thomson Reuters shares were unchanged at $95.75 in premarket trading on Tuesday.