Thomson Reuters Q2 Revenue Rises 3% Amid 162% Surge in Trading Volume Shares Drop 9.93% Despite 131st Market Activity Rank

On August 6, 2025, Thomson Reuters (TRI) reported a 3% year-over-year revenue increase to $1.78 billion for Q2, with organic revenue growth of 7%. The "Big 3" segments—Legal Professionals, Corporates, and Tax & Accounting Professionals—contributed 9% organic growth, accounting for 82% of total revenue. Adjusted EBITDA rose 5% to $678 million, with a margin expansion to 37.8%, driven by operating leverage and the disposal of non-core assets like FindLaw. Despite these metrics, shares fell 9.93% amid trading volume surging 162% to $750 million, ranking 131st in market activity.

The firm highlighted new agentic AI solutions across legal, tax, and accounting markets, including CoCounsel Legal and CoCounsel for tax, leveraging its authoritative content. CEO Steve Hasker emphasized innovation and a "balanced capital allocation approach," while reaffirming full-year 2025 guidance for 7% organic revenue growth and 39% adjusted EBITDA margin. The Tax & Accounting Professionals segment saw 11% organic growth, fueled by SafeSend acquisition and seasonal demand, though Reuters News revenue dipped 5% due to higher editorial costs.

Thomson Reuters repaid $1.0 billion in debt using cash reserves in May and plans a $0.595 per share dividend on September 10. The company maintains a $10 billion acquisition budget and projects 7% organic growth in Q3. However, Reuters News and Global Print segments underperformed, with the latter declining 7% due to customer migration to digital platforms.

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