Thomson Reuters Corp reported strong earnings for Q2 2026, surpassing expectations and reinforcing its growth trajectory in a competitive market.
On August 5, 2026, Thomson Reuters Corp (TRI.TO) released its second-quarter earnings, showcasing a solid performance that beat analyst estimates. The earnings report revealed an adjusted EPS of $0.99, a 14% increase from the previous year and a surprise of 3.13% over the expected $0.96. This marks the fourth consecutive quarter of earnings beats, highlighting the company's robust operational strategies and market positioning.
Recent earnings trend
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Thomson Reuters Corp
TRI.TO
TRI.TO
Thomson Reuters Corp
WealthAwesomeMarket cap
$66.84B
P/E
31.4x
Div. yield
1.80%
Div. / share
$2.48
52W high
$246.03
52W low
$107.10
1W change
-7.94%
Beta
0.17
Analyst Price Targets
Based on analyst covering TRI
Wall Street analysts forecast TRI stock price to rise 26.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$173.31
+26.1% Upside
Current Price
C$137.49
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRI's historical volatility
30-Day Vol
75.7%
Annualized
90-Day Vol
58.4%
Annualized
Trend (90d)
+33.5%
Annualized drift
90d Mean
C$154.98
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$143.09 | C$110.21 – C$185.78 |
| 60 trading days | C$148.92 | C$102.94 – C$215.44 |
| 90 trading days | C$154.98 | C$98.60 – C$243.61 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 14 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-05 | 0.9900 | 0.9600 | +3.1% |
| 2026-03-31 | 2026-05-05 | 1.2300 | 1.2100 | +1.7% |
| 2025-12-31 | 2026-02-05 | 1.0900 | 1.0800 | +0.9% |
| 2025-09-30 | 2025-11-04 | 0.8600 | 0.8400 | +2.4% |
| 2025-06-30 | 2025-08-06 | 0.8800 | 0.8500 | +3.5% |
| 2025-03-31 | 2025-05-01 | 1.1400 | 1.0600 | +7.5% |
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Investor takeaway: For Canadian investors, Thomson Reuters demonstrates resilience and growth potential, particularly in its Big 3 segments. The positive earnings surprise and raised revenue outlook suggest a favorable investment opportunity, despite lingering market volatility.
Adjusted EPS of $0.99 Surpasses Estimates by 3.1%
The 14% year-over-year growth in adjusted EPS reflects Thomson Reuters' strong operational performance and effective cost management, which are crucial for maintaining investor confidence.
Bull case
Thomson Reuters is seeing strong organic revenue growth, especially in its key segments, which are projected to grow by up to 10%. The successful launch of AI-driven products and strategic divestitures are setting the company up for long-term profitability.
Bear case
Despite the positive earnings, challenges remain, such as a decline in the Global Print segment and execution risks tied to its AI transition. Investors should be cautious of potential volatility and market sentiment that could impact stock performance.
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