Thomson Reuters Corporation research snapshot
TRI AI stock analysis reads Thomson Reuters Corporation as a high-quality professional information and workflow software business whose valuation has reset sharply from the prior year and is now rebounding. At the July 31, 2026 close and August 2, 2026 data cutoff, Nasdaq TRI traded near $98.13 with a market capitalization of about $42.76 billion, re-verified as $98.13 times 436.54 million shares with a 0.09% deviation. Q1 2026, reported May 5, 2026, delivered total revenue up 10% and organic revenue up 8%, with Big 3 organic growth of 9%, adjusted EBITDA margin of 42.2%, and adjusted EPS up 10% to $1.23, while management maintained the full-year 2026 outlook. The stock has fallen from a 52-week high of about $207 to a low near $76 in June 2026, and a July rebound has brought it back above its 50-day moving average but not its 200-day moving average. Recent portfolio actions include a July 14, 2026 agreement to sell a 51% stake in Global Print to KKR for about $500 million, a 10% dividend increase to $2.62 annualized, a $605 million return of capital completed in May 2026, and roughly 500 engineering role cuts tied to AI deployment. The page presents scenario ranges, not a certain price prediction, and is for information only.
Current price
$98.13
Market cap
$42.76 billion
AI score
71 / 100
Rating
Quality business, valuation reset, rebound in progress
Trend status
Rebound above the 50-day average, still below the 200-day average
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Thomson Reuters sells trusted professional content, workflow software, tax tools, legal research, and Reuters News, with recurring revenues near 77% of total revenue and Big 3 segments forming about 85% of revenue. | High |
| Moat | The moat comes from proprietary content, brand trust, embedded professional workflow, switching costs, and domain-specific AI training data, but legal tech startups and horizontal AI tools are testing the pricing power. | Medium-high |
| Management | Steve Hasker is investing in fiduciary-grade AI, divesting Global Print to KKR, raising the dividend 10%, running a $600 million buyback, and completing a $605 million return of capital. The test is whether these actions lift organic growth without margin erosion. | Medium-high |
| Financial trend | Q1 2026 revenue rose 10% with organic growth of 8%, Big 3 organic growth of 9%, adjusted EBITDA margin of 42.2%, adjusted EPS up 10% to $1.23, and free cash flow up 19% to $332 million, while management maintained the full-year 2026 outlook. | High |
| Valuation | At $98.13, TRI traded at about 28.08x trailing EPS, 21.85x forward EPS, 5.58x sales, and 20.64x free cash flow. The multiple is far below the 2025 peak but still demands durable growth and AI monetization proof. | Medium-high |
| Technical trend | TRI is above its 50-day moving average near $87.51 but below its 200-day moving average near $108.90, with RSI near 56.68. That is a rebound pattern inside a still-downtrending long-term chart. | Medium-high |
| Risk level | Risk is moderate to high. Low beta and recurring revenue help, while AI disruption, professional customer budget sensitivity, integration of acquisitions, the ICE data-sharing controversy, FX, and the wide 52-week drawdown remain material. | Medium |
| AI confidence | AI confidence is high for organizing public filings, market data, and valuation math, and medium for forecasting AI product monetization, customer willingness to pay, and the future valuation multiple. | High data confidence |
| Investment certainty | Investment certainty is medium. The company has strong assets and a maintained outlook, but the stock needs proof that AI investments convert into sustained Big 3 organic growth and free cash flow. | Medium |
TRI AI stock forecast
The TRI AI stock forecast uses scenario ranges, not a guaranteed price prediction. A three-year model anchored on the FY2026 consensus adjusted EPS of $4.41 produced reference points of about $149 in a bullish 12% EPS growth and 24x exit PE case, about $111 in a base 8% EPS growth and 20x case, and about $70 in a bearish 2% EPS growth and 15x case. Analyst targets range from $85 to $146 with a median near $118.
$135 to $155
More likely if CoCounsel and Westlaw AI tools drive paid adoption, Big 3 organic growth holds near 9%, the KKR Global Print deal closes on schedule, adjusted EBITDA margin expands, and TRI reclaims the 200-day moving average.
$100 to $120
More likely if 2026 organic growth lands near the maintained outlook, free cash flow approaches the roughly $2.1 billion target, and the market values TRI near 20x to 22x forward earnings, in line with the average analyst target of $119.50.
$65 to $85
More likely if AI tools pressure pricing, professional customer budgets weaken, Big 3 growth slows toward low single digits, the ICE data-sharing controversy or integration issues escalate, or the multiple compresses toward the low analyst target of $85.
TRI AI technical analysis
TRI AI technical analysis uses the StockAnalysis.com quote and statistics snapshot checked July 31, 2026, with the August 2, 2026 data cutoff. The stock closed at $98.13, above its 50-day moving average near $87.51 but below its 200-day moving average near $108.90, after a dramatic fall from a 52-week high of $207.67 to a low of $76.28 in June 2026. The rebound is real but needs to hold above support to confirm.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $98.13 | StockAnalysis.com real-time quote at the July 31, 2026 close; market cap math uses 436.54 million shares outstanding. |
| Near resistance | $103 to $109 | The July 30 high near $102.98 and the 200-day moving average near $108.90 form the first overhead zone; a close above it would repair the long-term trend. |
| First support | $87 to $90 | The 50-day moving average near $87.51 and the round $90 area are the first levels to watch on a pullback. |
| 50-day moving average | $87.51 | StockAnalysis.com listed the 50-day average near $87.51, below the current price, which supports the rebound setup. |
| 200-day moving average | $108.90 | TRI remains below this level, so the long-term trend has not fully repaired despite the July rally. |
| Momentum | RSI 56.68 | RSI is neutral to constructive rather than overbought, leaving room for continuation or a pullback after the sharp rally. |
| Volume | 20-day average volume 2.22 million | Breakout attempts should be compared with this StockAnalysis.com volume baseline, with recent trading days often well above it. |
| Volatility | Beta 0.17 | The stock has low five-year beta, but daily moves of 5% to 8% in late July show the drawdown recovery is still volatile. |
| Invalidation | Close below $80 | A decisive break below the $80 area toward the June low near $76.28 would weaken the rebound case and shift attention to the bearish scenario. |
TRI AI trading strategy
The TRI AI trading strategy is a rules-based research framework, not personalized investment advice. It combines AI adoption evidence, Big 3 organic growth delivery, free cash flow, valuation discipline, and trend confirmation around the Q2 2026 report due August 5, 2026.
Wait for TRI to hold above the 50-day average near $87.51 and then close above $103 to $109 with volume above the 20-day average. Confirmation improves if the August 5, 2026 Q2 report keeps Big 3 organic growth near 9% and the free cash flow outlook intact.
A failed breakout back below $90 or a guidance cut should reduce setup quality and tighten the stop.
If TRI pulls back toward $87 to $92 without a fundamental break, compare the price with free cash flow yield, the maintained 2026 outlook, customer retention, and CoCounsel and Westlaw AI adoption commentary.
Avoid treating every pullback as value if the decline is tied to weaker Big 3 growth, lower margin guidance, AI pricing pressure, or a sustained break below $80.
Track Big 3 organic revenue growth, CoCounsel and AI attach rates, adjusted EBITDA margin, free cash flow, the KKR Global Print closing, buybacks, dividend coverage, net debt, and integration of acquired workflow tools.
Lower confidence when growth depends more on acquisitions or one-time items than organic subscription demand, or when AI spending rises without a visible revenue lift.
Investment research summary
Thomson Reuters sells trusted professional information and workflow tools. Customers pay because legal, tax, accounting, corporate, and media workflows require reliable data, domain expertise, compliance support, and time savings, with recurring revenue as the core engine.
The moat rests on proprietary content, Reuters brand trust, expert editorial processes, workflow integration, professional switching costs, and domain-specific AI. It is durable but must adapt as customers test cheaper AI alternatives and legal tech challengers.
The thesis fails if horizontal AI tools commoditize research and document work, premium pricing weakens, acquired products disappoint, Big 3 growth slows to low single digits, the ICE data-sharing controversy damages reputation, or the market keeps the multiple compressed after the drawdown.
Management has focused on fiduciary-grade AI products, divesting Global Print to KKR for about $500 million, raising the dividend 10% to $2.62, completing a $605 million return of capital, and repurchasing shares. The key test is whether these actions lift organic growth without margin erosion.
Professional services are moving toward AI-assisted research, document work, compliance, tax automation, and workflow data. Thomson Reuters sits in a favorable trend, but technology cycles can shift bargaining power quickly and the June drawdown shows how quickly AI fears can compress the multiple.
At about 28.08x trailing EPS and 21.85x forward EPS, TRI is no longer priced as a low-expectation stock despite the drawdown. Margin of safety depends on sustained Big 3 organic growth, AI monetization, free cash flow conversion, and renewed technical strength above the 200-day moving average.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| TRI price | $98.13 at the July 31, 2026 close | StockAnalysis.com real-time quote | August 2, 2026 |
| Market capitalization | $42.76 billion reported; $42.84 billion calculated as $98.13 x 436.54 million shares, 0.09% deviation | StockAnalysis.com and financial_rigor.py | August 2, 2026 |
| Shares outstanding | 436.54 million shares; Q1 2026 diluted weighted-average shares were about 444 million, reduced by the May 2026 return of capital and share consolidation | StockAnalysis.com statistics and Thomson Reuters Q1 2026 release | August 2, 2026 |
| Q1 2026 revenue | $2,087 million, up 10% with organic revenue growth of 8% and Big 3 organic growth of 9% | Thomson Reuters Q1 2026 results | May 5, 2026 |
| Q1 2026 profitability | Operating profit $639 million up 14%, adjusted EBITDA $881 million with a 42.2% margin, adjusted EPS $1.23 up 10%, diluted EPS $1.03 up 7% | Thomson Reuters Q1 2026 results | May 5, 2026 |
| Q1 2026 cash flow | Net cash provided by operating activities $505 million up 13%, free cash flow $332 million up 19% | Thomson Reuters Q1 2026 results | May 5, 2026 |
| FY2026 outlook | Full-year 2026 outlook maintained for organic revenue growth, adjusted EBITDA margin, and free cash flow of about $2.1 billion | Thomson Reuters Q1 2026 results | May 5, 2026 |
| Capital returns | Annualized common share dividend increased 10% to $2.62, $605 million return of capital completed May 4, 2026 with share count reduced about 6.5 million shares, $262 million of shares repurchased under the $600 million program | Thomson Reuters Q1 2026 results | May 5, 2026 |
| KKR Global Print joint venture | Agreement to sell a 51% stake in Global Print to KKR for about $500 million in gross proceeds, retain 49%, keep intellectual property and editorial control, with closing expected in Q4 2026 | Thomson Reuters and KKR press release | July 14, 2026 |
| FY2025 revenue | $7.476 billion in the company release, cross-validated with StockAnalysis.com at about $7.48 billion with 0.00% deviation | Thomson Reuters FY2025 results and StockAnalysis.com | August 2, 2026 |
| TTM revenue and EPS | TTM revenue of $7.663 billion up 5.36% and TTM EPS of $3.44, cross-checked across StockAnalysis.com data with 0.00% deviation | StockAnalysis.com financials and statistics | August 2, 2026 |
| TTM cash flow | Operating cash flow $2.711 billion, capital expenditures $639 million, free cash flow $2.072 billion over TTM | StockAnalysis.com cash flow data | August 2, 2026 |
| Segment mix | Legal Professionals $2.911 billion, Corporates $2.083 billion, Tax and Accounting Professionals $1.343 billion, Reuters $869 million, Global Print $486 million on a TTM basis; Big 3 combined about 85% of total revenue | StockAnalysis.com business metrics | August 2, 2026 |
| Balance sheet | Cash and investments about $860 million and total debt about $2.448 billion at March 31, 2026; StockAnalysis.com statistics report cash and equivalents near $489 million and total debt near $2.70 billion under S&P Global classification | Thomson Reuters Q1 2026 results and StockAnalysis.com | August 2, 2026 |
| Valuation ratios | 28.08x trailing PE, 21.85x forward PE, 5.58x price to sales, 3.62x price to book, 20.64x price to free cash flow from financial_rigor.py and StockAnalysis.com | StockAnalysis.com statistics and financial_rigor.py | August 2, 2026 |
| Technical indicators | 50-day moving average $87.51, 200-day moving average $108.90, RSI 56.68, 20-day average volume 2.22 million, beta 0.17 | StockAnalysis.com statistics | August 2, 2026 |
| 52-week range | $76.28 low to $207.67 high, with the stock down about 51.6% over 52 weeks and about 52.5% in market cap over one year | StockAnalysis.com quote and market cap history | August 2, 2026 |
| Short interest | 13.91 million shares short, 3.19% of shares outstanding, 10.95% of float, 6.52 days to cover | StockAnalysis.com statistics | August 2, 2026 |
| Analyst consensus | Buy consensus across 18 analysts, average target $119.50, low $85, high $146, median $118.50, with 9 Strong Buy, 4 Buy, and 5 Hold ratings in July 2026 | StockAnalysis.com forecast | August 2, 2026 |
| Recent analyst actions | Goldman Sachs $116 in July, Barclays $140 in July, RBC $129 in June, Wells Fargo cut to $85 in June, Bank of America held at Hold | StockAnalysis.com forecast and TipRanks | August 2, 2026 |
| Consensus estimates | FY2026 revenue estimate about $8.08 billion with adjusted EPS near $4.41, and FY2027 revenue near $8.68 billion with adjusted EPS near $5.03 | StockAnalysis.com forecast | August 2, 2026 |
| Next earnings | Q2 2026 results scheduled for August 5, 2026 before market open | StockAnalysis.com quote and Thomson Reuters announcement | August 2, 2026 |
This TRI AI stock analysis page is for informational and educational use only. It is not investment advice, financial planning, or a recommendation to buy, sell, or hold Thomson Reuters Corporation. Forecast scenarios are based on available public data as of the stated cutoff date and may be wrong if earnings, rates, valuation multiples, AI adoption, customer demand, the KKR deal timing, political developments, or market conditions change.
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