Why is Thomson Reuters stock sliding today?

Thomson Reuters (TRI:CA) reported 9% revenue growth and 8% organic growth in Q2 2026, with strong EBITDA and EPS increases. The company is integrating AI into its products, with 32% of annualized contract value from AI-enabled offerings. Management raised 2026 guidance, targeting 8% organic revenue growth and US$2.1B in free cash flow. Analysts give a 'Buy' rating with a C$176 price target, suggesting 20% upside.

Thomson Reuters (TRI) announced the pricing of a US$1.3B public offering of notes and a C$1B private placement. The offerings, expected to close on September 17, 2026, will yield net proceeds of approximately US$1.29B and C$997M. The funds will be used for general corporate purposes, including debt repayment.

Thomson Reuters (TRI) shares fell 6.5% after Barclays cut its price target to $130 from $140, maintaining an Overweight rating. The decline appears sentiment-driven, as the company's recent earnings showed 8% organic revenue growth and raised its 2026 outlook. Broader market caution may have also contributed to the drop.

Thomson Reuters reported Q2 2026 organic revenue growth of 8% for the total company and 10% for its Big 3 segments, citing law firm and government momentum. The company raised its full-year 2026 revenue outlook to about 8%, targeting ~40% adjusted EBITDA margin in 2026. It is developing its “Thomson” LLM, integrating Westlaw and CoCounsel, and expects Global Print’s KKR deal to close in Q4.

Thomson Reuters (TRI-T) said it will deploy its in-house AI model, “Thomson,” for legal professionals after benchmarking showed strong performance versus models from OpenAI, Anthropic and Google DeepMind, according to the company. Second-quarter revenue rose 9% to $1.95B, profit was $448M ($1.02/share), and adjusted EPS was 99 cents. It raised its full-year revenue growth outlook to about 8%.

Thomson Reuters (TRI-T) reported second-quarter revenue up 9% to US$1.95 billion, slightly above estimates near US$1.9 billion, and EPS excluding items of 99 US cents versus 96 US cents expected. The company raised its full-year organic revenue forecast to about 8% from 7.5% to 8%. It is also expanding digital and “fiduciary-grade AI” offerings.