Thomson Reuters Provides Supplemental Financial Information Following Close of Global Print Transaction
Thomson Reuters closed the sale of a 51% stake in its Global Print business to capital accounts advised by KKR on October 1, 2026, forming a joint venture now operating as Westbridge Print. Global Print moves to discontinued operations from Q3 2026 with prior periods restated: FY2025 revenue is revised to $6,986M from $7,476M as reported, and FY2025 adjusted EPS to $3.34 from $3.92. On the revised basis, the August Q3 2026 outlook equates to roughly 9% organic revenue growth and ~35% adjusted EBITDA margin, versus ~8% and ~36% including Global Print.
Key figures
- Guidance
- Q3 2026 organic revenue growth ~9% and adjusted EBITDA margin ~35% on the revised (continuing operations) basis, vs ~8% and ~36% as previously provided including Global Print; revised FY2026 outlook to come with Q3 earnings on Nov 3, 2026
- Royalty rate
- 20% of Westbridge Print Professional revenue (~85-90% of total Westbridge revenue)
- Fy2025 revenue revised
- 6986000000
- Ytd2026 revenue revised
- 3818000000
- Organic growth accretion
- 60-70 bps accretive to annual organic revenue growth
- Divestiture stake percent
- 51
- Fy2025 revenue as reported
- 7476000000
- Fy2025 adjusted eps revised
- 3.34
- Fy2025 adjusted ebitda revised
- 2617000000
- Fy2025 adjusted eps as reported
- 3.92
- Ytd2026 adjusted ebitda revised
- 1489000000
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