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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jason Haas | Wells Fargo | 13 questions · 15% challenging |
| George Tong | Goldman Sachs | 11 questions · 9% challenging |
| Aravinda Galappatthige | Canaccord Genuity | 9 questions · 0% challenging |
| Drew McReynolds | RBC Capital Markets | 8 questions · 13% challenging |
| Tim Casey | BMO Capital Markets | 8 questions · 13% challenging |
| Toni Kaplan | Morgan Stanley | 8 questions · 38% challenging |
| Vince Valentini | TD Cowen | 7 questions · 29% challenging |
| Manav Patnaik | Barclays | 7 questions · 0% challenging |
| Scott Fletcher | CIBC Capital Markets | 6 questions · 0% challenging |
| Kevin McVeigh | UBS | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 2 analysts | 13 questions · 8% challenging |
| Wells Fargo | 1 analyst | 13 questions · 15% challenging |
| CIBC Capital Markets | 2 analysts | 12 questions · 0% challenging |
| Canaccord Genuity | 1 analyst | 9 questions · 0% challenging |
| RBC Capital Markets | 1 analyst | 8 questions · 13% challenging |
| BMO Capital Markets | 1 analyst | 8 questions · 13% challenging |
| Morgan Stanley | 1 analyst | 8 questions · 38% challenging |
| Barclays | 1 analyst | 7 questions · 0% challenging |
Total company organic revenues accelerated to 8% growth from 7% throughout 2025, with legal professionals ex-government surging to 11% driven by the fiduciary-grade AI differentiation strategy. CoCounsel Next entered beta ahead of its Q3 launch while EBITDA increased 9% to $881 million at a 42.2% margin. Management reaffirmed 2026 organic growth guidance of 7.5-8% while the proprietary Thomson LLM showed early promise and the aggressive capital return program continued.
Cloud & AI | Revenue Growth | Competitive Dynamics | Demand | Margin | Guidance Reliability | M&A | Regulation Policy | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 4 | 2 | 3 | 1 | 2 | ||
| 2025Q1 | 5 | 5 | 2 | 3 | 1 | 1 | 3 | 1 |
| 2025Q2 | 9 | 2 | 2 | 1 | 4 | 1 | 2 | |
| 2025Q3 | 11 | 7 | 5 | 3 | 2 | 4 | 1 | 1 |
| 2025Q4 | 10 | 1 | 6 | 2 | 2 | 1 | 1 | |
| 2026Q1 | 11 | 10 | 4 | 1 | 3 | 2 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 3 | 5 | 9 | 11 | 10 | 11 |
| Revenue Growth | 4 | 5 | 2 | 7 | 1 | 10 |
| Competitive Dynamics | 2 | 2 | 2 | 5 | 6 | 4 |
| Demand | 3 | 3 | 1 | 3 | 2 | 1 |
| Margin | 1 | 4 | 2 | 2 | 3 | |
| Guidance Reliability | 1 | 1 | 1 | 4 | 2 | |
| M&A | 3 | 2 | 1 | 1 | 1 | |
| Regulation Policy | 2 | 1 | 1 | 1 | 2 |
What TRI and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Anthropic are an important vendor to us. We were one of the earliest enterprise customers to Anthropic and continue to work closely with them in terms of the co-development and our products.”
Thomson Reuters uses Anthropic's frontier models to power Westlaw Advantage and CoCounsel Legal, making Anthropic a key LLM supplier, though TR keeps model independence.
“Organic revenue rose 6% for the quarter driven primarily by growth from the news agreement with the data and analytics business of LSEG and our agency business.”
LSEG licenses Reuters news content under a multiyear agreement, a key driver of Reuters segment revenue growth for Thomson Reuters.
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Calendar quarter Q1 2026Earnings call May 5, 2026
FY2026 Q1 in brief
Total company organic revenues accelerated to 8% growth from 7% throughout 2025, with legal professionals ex-government surging to 11% driven by the fiduciary-grade AI differentiation strategy.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Thomson Reuters Corporation (TRI), FY2026 Q1: 7/10. Scores: Thomson Reuters Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: TRI daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin | FCF |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.91B | +5.2% | $1.26 | -17.6% | 30.7% | $395M |
| FY2025 Q1 | $1.90B | +0.8% | $0.96 | -9.4% | 22.8% | $293M |
| FY2025 Q2 | $1.78B | +2.6% | $0.69 | -62.9% | 17.5% | $598M |
| FY2025 Q3 | $1.78B | +3.4% | $0.94 | +40.3% | 23.7% | $537M |
| FY2025 Q4 | $2.01B | +5.2% | $0.76 | -39.7% | 16.5% | $607M |
| FY2026 Q1Selected | $2.09B | +9.8% | $1.03 | +7.3% | 22.0% | $349M |
| FY2026 Q2 | $1.95B | +9.5% | $0.99 | +43.5% | 22.3% | $722M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +9.84% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TRI Thomson Reuters Corporation | 7 | +9.8% | |
| CTAS Cintas | 8 | +8.9% | |
| GPN Global Payments | 7 | +23.1% |