Thomson Reuters Updates Financial Information After Global Print Transaction
On October 1, 2026, Thomson Reuters (TRI) sold a 51% stake in its Global Print business to KKR-managed capital accounts. The joint venture now operates as Westbridge Print and will be reported by Thomson Reuters as discontinued operations starting with the third-quarter of 2026. Historical financial results have been restated, excluding the impact of the Global Print division. Thomson Reuters previously projected an organic revenue growth of approximately 8% for Q3 2026 including the Global Print business; however, based on its new reporting structure, this outlook has increased to around 9%. The adjusted EBITDA margin is expected to decrease slightly from 36% to about 35%. Westbridge Print will pay a royalty of 20% of its Professional revenue (85–90% of total) for the exclusive license to distribute Thomson Reuters' intellectual property. Transition services agreements are also in place, with costs largely offsetting stranded expenses post-separation. The company expects the Global Print transaction's impact on adjusted EBITDA margin to be neutral and accretive by 60–70 basis points annually for organic revenue growth after October 1, 2026. A revised full-year outlook will accompany its Q3 earnings report due November 3.