TRI

Over the past 12 months, the TSX gained about 20%. Some well-known Canadian companies went the other way, with double-digit losses. So are they falling knives that will cut you or good buying opportunities? Some of them are in my portfolio. FirstService is not in my portfolio, but it caught my attention. It is down about 11% over the past 12 months, even after a bounce on its third-quarter results.

Thomson Reuters' Q3 earnings & revenues miss estimates despite double-digit growth, as rising AI adoption is offset by margin pressure and weak cash flow.

Organic revenue grew 10% during the third quarter. Generative AI products reached 34% of annualized contract value.

Thomson Reuters NASDAQ: TRI reported third-quarter organic revenue growth of 10%, with its core “Big 3” businesses also growing 10% organically for a second consecutive quarter. Management said results exceeded prior expectations, supported by demand for AI-enabled products, e-invoicing services and legal, tax and compliance offerings.

While the top- and bottom-line numbers for Thomson Reuters (TRI) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Thomson Reuters (TRI) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.86 per share a year ago.

Thomson Reuters logged a drop in earnings in the third quarter after a year-ago boost from an asset sale and as it was squeezed by higher amortization of software.

Thomson Reuters reports higher third-quarter revenue

TORONTO, Nov. 3, 2026 /PRNewswire/ -- Thomson Reuters (TSX: TRI) (Nasdaq: TRI) today reported results for the third quarter ended September 30, 2026:  Strong revenue growth in the third quarter Total company revenues up 10% Organic revenues up 10% in total and 10% for the "Big 3" segments (Legal Professionals, Corporates and Tax, Audit & Accounting Professionals) Closed the sale of a 51% stake in the Global Print business to capital accounts advised by KKR for gross proceeds of approximately $500 million on October 1, 2026 Updated full-year 2026 outlook for the total company to exclude Global Print business Total revenue growth of approximately 9.5% and organic revenue growth of approximately 8.5% - 9.0% Adjusted EBITDA margin of approximately 39% Revenue growth and adjusted EBITDA margin guidance for the "Big 3" segments are unchanged from 2026 outlook communicated on August 5, 2026 Issued $1.3 billion and Canadian (CDN) $1.0 billion of notes for total proceeds of approximately $2.0 billion in September 2026 Completed $600 million share repurchase program announced in February 2026 "We are pleased with our third-quarter momentum, as revenue growth and margins came in ahead of our prior expectations," said Steve Hasker, President and CEO of Thomson Reuters. "Customer engagement with the next generation of CoCounsel Legal has been very encouraging, and we are excited about the recent launch of the next generation of CoCounsel Tax, Audit & Accounting.

Evaluate the expected performance of Thomson Reuters (TRI) for the quarter ended September 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.