Thomson Reuters Corporation · TSX:TRI
Thomson Reuters — Q2 2026 Earnings Presentation
20 slides from Thomson Reuters's earnings presentation, Aug 5, 2026
Slide 1: Thomson Reuters 2026 Second-Quarter Results
REUTERS/Florion Goga Thomson Reuters 2026 Second - Quarter Results August 5, 2026
Slide 2: Agenda
Agenda • Welcome / Introduction Gary Bisbee • Second - Quarter 2026 Highlights Steve Hasker Portfolio Evolution Continues Product & Innovation Updates • Financial Review Gary Bischoping Second - Quarter 2026 Results 2026 Full - Year Outlook Update • Q&A 2
Slide 3: Special Note Regarding Forward-Looking Statements
Special Note Special Note Regarding Forward - Looking Statements, Material Assumptions and Material Risks This presentation consists of these slides and the associated remarks and comments, which are related and intended to be pres ent ed and understood together. Certain statements in this presentat
Slide 4: Second-Quarter 2026 Highlights
Thomson Reuters Second - Quarter 2026 Highlights Steve Hasker President & CEO
Slide 5: Second-Quarter 2026 Highlights
Second - Quarter 2026 Highlights 1. Strong momentum continues with Q2 results meeting or exceeding expectations • Q2 organic revenue growth of 8%, driven by 9% recurring revenue growth • “Big 3” (Legal, Corporates, and Tax, Audit & Accounting) organic revenue growth accelerated to 10% 2. Raised FY 2
Slide 6: Second-Quarter 2026 Revenue Growth by Segment
Second - Quarter 2026 Revenue Growth by Segment Reported revenues up 9% to $ 2.0 billion Organic revenues up 8% Organic recurring revenues up 9% Tax Corporates Reuters News Global Print Professionals Tax, Audit & Legal Professionals Corporates Accounting Reuters News Reuters Global Print Professiona
Slide 7: Portfolio Evolution Continues; Product & Innovation Updates
Portfolio Evolution Continues Product & Innovation Updates
Slide 8: Portfolio Evolution Continues with Global Print JV
Portfolio Evolution Continues with Global Print JV, Leaving Stronger, Faster Growth TR 2023 Revenue Illustrative 2026 Q2 LTM Revenue (1) (As Reported, including Global Print revenues) (Excludes Global Print, Includes Estimated Global Print JV Royalty) “Big 3” Reuters 1% 12% 11% Print 8% $7.4 billion
Slide 9: Innovation Momentum Continues with Robust 2026 Product Roadmap
Innovation Momentum Continues with Robust 2026 Product Roadmap Pagero Added Coverage Thomson LLM Poland, Croatia, Greece & Thomson LLM Integrations into outperforms frontier CoCounsel Legal, Belgium live in Q1; powering key features models on specific France goes live Sept. 1 professional tasks such
Slide 10: Financial Review: Second-Quarter 2026 Results, Updated 2026 Outlook
Financial Review Second - Quarter 2026 Results Updated 2026 Outlook Gary Bischoping Chief Financial Officer
Slide 11: Second-Quarter 2026 Consolidated Results
Second - Quarter 2026 Consolidated Results IFRS Financial Measures ($ millions) 2026 2025 Change Revenues $1,954 $1,785 Up 9% Operating profit $558 $436 Up 28% Diluted earnings per share (EPS) $1.02 $0.69 Up 48% Cash flow from operations $920 $746 Up 23% Change at Constant Organic Non - IFRS Financi
Slide 12: Legal, Corporates, Tax, Audit & Accounting Professionals Revenues
Second - Quarter 2026 Legal Professionals, Corporates, Tax, Audit & Accounting Professionals Revenues ($ millions) Second Quarter Six Months Constant Constant Revenues 2026 2025 Total Currency Organic 2026 2025 Total Currency Organic Legal Professionals 772 704 +10% +9% +10% 1,528 1,392 +10% +9% +9%
Slide 13: Consolidated Revenues
Second - Quarter 2026 Consolidated Revenues ($ millions) Second Quarter Six Months Constant Constant Revenues 2026 2025 Total Currency Organic 2026 2025 Total Currency Organic Reuters 229 218 +5% +5% +4% 441 414 +6% +6% +5% Global Print 111 114 - 3% - 3% - 3% 223 230 - 3% - 4% - 4% Eliminations / Ro
Slide 14: Consolidated Adjusted EBITDA
Second - Quarter 2026 Consolidated Adjusted EBITDA ($ millions) Second Quarter Six Months Constant Constant Adjusted EBITDA 2026 2025 Total Currency 2026 2025 Total Currency Legal Professionals 371 339 +10% +9% 736 675 +9% +9% Margin 48.1% 48.1% 48.2% 48.4% Corporates 200 172 +17% +15% 443 387 +15%
Slide 15: Adjusted Earnings Per Share (EPS)
Adjusted Earnings Per Share (EPS) ($ millions except per share amounts & share count) Second Quarter Six Months 2026 2025 % Change 2026 2025 % Change Adjusted EBITDA 745 678 +10% 1,626 1,487 +9% Depreciation & Amortization of Software (228) (206) (449) (407) Add back: Acquired Software Amortization
Slide 16: Consolidated Free Cash Flow
Consolidated Free Cash Flow ($ millions) Second Quarter Six Months 2026 2025 Change 2026 2025 Change Net Cash from Operations, before change in WC 713 639 74 1,523 1,377 146 Changes in working capital and other items 207 107 100 (98) (186) 88 Net Cash Provided by Operating Activities 920 746 174 1,4
Slide 17: Global Print Transaction with KKR Sharpens Focus, Improves Revenue Growth & Mix
Global Print Transaction with KKR Sharpens Focus, Improves Revenue Growth & Mix Initial Thoughts on Strategic Rationale Transaction Details Financial Impact • Increases focus on authoritative • Proceeds to TR: ~ $500M at close • Organic Revenue Growth – Anticipate content - powered AI solutions serv
Slide 18: 2026 Outlook Update
2026 Outlook Update iF Thomson ele Reuters”
Slide 19: Updated 2026 Outlook
Updated 2026 Outlook FY 2026 FY 2026 FY 2026 Total Thomson Reuters FY 2025 Outlook (2) Outlook (2) Outlook (2) Reported 2/5/26 5/5/26 8/5/26 Total Revenue Growth 3% 7.5% - 8.0% Unchanged ~ 8.0% Organic Revenue Growth (1) 7% 7.5% - 8.0% Unchanged ~ 8.0% Adjusted EBITDA Margin (1) 39.2% +100 bps Y/Y U
Slide 20: Q&A
Q&A iF Thomson ele Reuters”