Thomson Reuters Falls Despite Beat-and-Raise Quarter as Investors Focus on Near-Term Margins

Thomson Reuters (TRI) is down 8.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied less to the headline quarter and more to investor concerns about near-term profitability and execution. Thomson Reuters posted solid second-quarter growth and lifted its 2026 revenue outlook, but guidance for a roughly 36% third-quarter adjusted EBITDA margin, along with severance costs, ongoing AI investment, and some go-to-market issues in tax and accounting, may have overshadowed the stronger top-line performance.

Details:

Second-quarter revenue rose 9% to $1.954 billion, with organic revenue up 8%, while adjusted EPS increased to $0.99 from $0.87 a year earlier.

The company raised its full-year 2026 total and organic revenue growth outlook to about 8.0%, and lifted its “Big 3” segment growth outlook to 9.5% to 10.0%.

Management said third-quarter adjusted EBITDA margin should be about 36% and that this includes roughly $19 million of severance tied to restructuring and automation efforts.

This could be because investors were looking past the strong quarter and reacting to near-term margin pressure, added marketing and innovation spending, and softer-than-expected execution in parts of the Tax, Audit & Accounting business.

Sources:

Thomson Reuters, MarketBeat, The Wall Street Journal

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$TRI Hedge Fund Activity

We have seen 273 institutional investors add shares of $TRI stock to their portfolio, and 153 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ROYAL BANK OF CANADA added 9,100,433 shares (+inf%) to their portfolio in Q1 2026, for an estimated $831,698,582
WOODBRIDGE CO LTD removed 4,547,261 shares (-1.5%) from their portfolio in Q1 2026, for an estimated $409,162,544
TD ASSET MANAGEMENT INC added 4,190,918 shares (+inf%) to their portfolio in Q2 2026, for an estimated $342,272,273
1832 ASSET MANAGEMENT L.P. added 1,869,173 shares (+35.6%) to their portfolio in Q1 2026, for an estimated $168,188,186
FMR LLC removed 1,850,694 shares (-39.3%) from their portfolio in Q1 2026, for an estimated $166,525,446
NATIONAL BANK OF CANADA /FI/ removed 1,636,608 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $149,571,405
TD WATERHOUSE CANADA INC. added 1,297,109 shares (+inf%) to their portfolio in Q2 2026, for an estimated $105,934,892

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TRI Government Contracts

We have seen $1,040,420 of award payments to $TRI over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

REUTERS COMPLETE NEWSWIRE: $157,500

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$TRI Price Targets

Multiple analysts have issued price targets for $TRI recently. We have seen 9 analysts offer price targets for $TRI in the last 6 months, with a median target of $126.0.

Here are some recent targets:

Jason Haas from Wells Fargo set a target price of $85.0 on 06/30/2026
Curtis Nagle from B of A Securities set a target price of $98.0 on 05/19/2026
Manav Patnaik from Barclays set a target price of $140.0 on 05/08/2026
Maher Yaghi from Scotiabank set a target price of $138.0 on 05/06/2026
Vince Valentini from TD Cowen set a target price of $185.0 on 05/06/2026
Kevin Mcveigh from UBS set a target price of $183.0 on 04/23/2026
Drew McReynolds from RBC Capital set a target price of $126.0 on 02/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.