Thomson Reuters reported third-quarter revenue of $1.833 billion, up 10% year on year, on 3 November. Yet operating profit under International Financial Reporting Standards, or IFRS, fell 22% to $402 million. Diluted earnings per share declined to $0.78 from $0.94. Revenue growth therefore should not be described as an equivalent rise in reported profit.
The quarter ended on 30 September 2026. Adjusted earnings per share, a separate non-IFRS measure, increased to $0.81 from $0.71. The company’s reconciliation removes specified items, so adjusted EPS and IFRS EPS answer different accounting questions. Neither figure should be silently substituted for the other.
Verified figures
| Measure | Reported figure | Basis / qualification |
|---|---|---|
| Q3 revenue | $1.833 billion | +10% year on year |
| Operating profit | $402 million | IFRS; -22% year on year |
| Diluted EPS | $0.78 / $0.94 | Current / prior-year quarter; IFRS |
| Adjusted EPS | $0.81 / $0.71 | Current / prior-year quarter; non-IFRS |
| Global Print stake sold | 51% | Completed 1 October; about $500m gross proceeds |
How to read the results
The reporting basis also changed. Thomson Reuters completed the sale of a 51% stake in Global Print to capital accounts advised by KKR on 1 October, receiving approximately $500 million in gross proceeds and retaining 49%. The business now operates as Westbridge Print. This was a completed stake sale, rather than a proposed disposal or the sale of the whole business.
Global Print is presented as discontinued operations beginning with Q3, and prior-year comparisons were revised accordingly. Discontinued operations means the disposed business is separately presented in the accounts. Sale proceeds are transaction receipts, not quarterly customer revenue. The company’s October supplemental disclosure explains the presentation change, which readers should consider when comparing older results. All amounts here are U.S. dollars.
What to watch
Watch the continuing-operations comparison and the reconciliation between IFRS and adjusted measures in subsequent reports. The completed transaction does not establish that future margins or shareholder returns will rise.
More financial reporting: CapKet business.
Official sources
Thomson Reuters — official record. Sources observed: .
Thomson Reuters — transaction update. Sources observed: .
AI-assisted reporting checked against the linked official primary records; no independent human review is claimed. The original CapKet AI illustration is conceptual and does not depict an actual issuer product, facility or event. Information only; not investment advice.