Thomson Reuters Corporation Common Shares

Everlaw announced strategic partnerships with Thomson Reuters CoCounsel Legal and Harvey, along with MCP connectors for Google Cloud's Gemini Enterprise for Legal and Microsoft 365 Copilot. The integrations allow legal teams to securely access Everlaw's evidence and analytics while working in partner platforms, with availability expected in fall 2026 for most integrations and a private preview for Gemini Enterprise. Everlaw CEO AJ Shankar said the expanding ecosystem gives customers freedom to connect AI tools to Everlaw's governed evidentiary record. The announcement builds on Everlaw's previous work with Claude for Legal and its partnership with Legora.

Thomson Reuters has raised its full-year organic revenue growth outlook to about 8%, up from the previous 7.5% to 8%. Second-quarter revenue rose 9% to 1.95 billion dollars, beating market expectations of around 1.9 billion dollars. CEO Steve Hasker said the company is focusing on AI investment and development across its businesses and is exploring the commercialization of its proprietary large language model, Thomson. Adjusted earnings per share came in at 99 cents, topping the market forecast of 96 cents.

Thomson Reuters is expected to report higher earnings and revenue for the quarter ended June 2026 when it releases results on August 5. The Zacks Consensus Estimate calls for earnings of $0.96 per share, a 9.1% increase from a year ago, on revenue of $1.91 billion, up 7.3%. The Most Accurate Estimate is above the consensus, yielding a positive Earnings ESP of +2.35%, and the stock carries a Zacks Rank of 2, a combination that historically signals a likely earnings beat. In the prior quarter, the company posted earnings of $1.23 per share, surpassing the $1.21 estimate.

U.S. stock indexes were mixed on Tuesday, with the Dow Jones Industrial Average climbing to a 1.5-week high while the Nasdaq 100 fell to a 2.75-month low. The Dow rose 0.738% and the S&P 500 edged up 0.05%, but the Nasdaq 100 dropped 1.12% as a deepening rout in chipmakers and AI-infrastructure stocks weighed on the market. Better-than-expected earnings from Coca-Cola and Sherwin-Williams provided support, while an unexpected decline in the Conference Board's July consumer confidence index to 90.8 added to cautious sentiment. The iShares Semiconductor ETF fell more than 5% to a 2.5-month low, with Sandisk down over 14% and Western Digital down over 13%. In contrast, software stocks gained, with Workday up over 7% and Thomson Reuters up over 6%.

U.S. Immigration and Customs Enforcement can access personal data from credit card applications without a warrant through a $125 million Department of Homeland Security contract with Thomson Reuters. An investigation by 404 Media found that when consumers open a credit card or update account information, credit card companies share names, Social Security numbers, phone numbers, addresses, and email addresses with credit bureaus, which then provide the data to Thomson Reuters for its CLEAR investigative product. ICE uses CLEAR to search this information, and the platform is integrated with a tool the agency uses to determine which neighborhoods to raid. The five-year DHS contract is worth $25 million annually, and procurement documents state that Thomson Reuters Special Services is the only contractor able to provide continuous monitoring and alert services for millions of individuals. Senator Ron Wyden called the practice an outrageous privacy violation with no opt-out for Americans.

Thomson Reuters stock has fallen 55.9% over the past year, yet valuation checks suggest it may be undervalued. The company trades at about 24.4 times earnings, well below Simply Wall St's tailored fair P/E ratio of roughly 42.0 times, and screens as undervalued in five of six areas. Recent moves include selling a 51% stake in the Global Print business to KKR and reshaping the engineering workforce around AI, which could support long-term profitability but carry execution risk. The key question is whether the current discount reflects temporary pessimism or a permanent reset in expectations.

PR Newswire released its weekly roundup of notable press releases for July 13–17, 2026, highlighting 13 announcements across consumer, technology, and finance sectors. Olive Garden announced the return of its Never-Ending Pasta Pass, offering 13 weeks of unlimited pasta, sauces, and toppings during the Never-Ending Pasta Bowl promotion. KFC brought back Popcorn Chicken as part of its Kentucky Fried Comeback journey, responding to fan demand. United Airlines introduced a new Economy Plus seating option on its Airbus A321XLR aircraft, featuring extra elbow room and a shared table across an open middle seat, available for sale later this year. 3M and Microsoft announced a strategic partnership to advance AI data center infrastructure by combining Microsoft’s digital and hyperscale capabilities with 3M’s materials science and precision manufacturing. Other highlighted releases included Thomson Reuters and KKR forming a joint venture for Thomson Reuters’ Global Print business, with KKR acquiring a 51% stake and Thomson Reuters receiving approximately $500 million in gross proceeds while retaining 49% equity; Jeep unveiling the 2027 Wrangler Laredo; Lilly acquiring AtaiBeckley to develop therapies for treatment-resistant depression; Chesapeake Utilities’ Florida Energy Pathway Project; The Home Depot’s 2026 Halloween collection; Farmers Insurance introducing tools to simplify insurance understanding; State Affairs raising $70 million for policy and regulatory intelligence; AT&T offering free calls to countries in soccer’s semifinal, third-place, and final matches; and OpenTable revealing its 2026 Top 100 Hotel Restaurants in America.

Thomson Reuters and KKR have formed a joint venture for the Global Print business, with KKR acquiring a 51% stake for about $500 million while Thomson Reuters retains 49%. The Global Print business provides legal and tax information through print publications and the ProView eBook platform, along with commercial printing services. Thomson Reuters keeps intellectual property rights and full editorial control, granting the venture an exclusive license to distribute content in print and via ProView. The deal is expected to close in the fourth quarter of 2026.

Thomson Reuters shares jumped more than 5% on Monday after the company announced plans to cut up to 500 engineering roles while creating over 250 new senior-level, AI-focused positions over the next two years. The restructuring, reported by its own Reuters news agency, is part of a deeper push into artificial intelligence as the company adapts to evolving customer expectations in legal, tax, and regulatory workflows. Management cited AI as a key driver of recent growth and expects a notable improvement in annual revenue this year compared to 2025.

The S&P 500 fell 0.67%, the Dow dropped 0.38%, and the Nasdaq 100 slid 2.14% to a one-week low, driven by a sharp selloff in semiconductor stocks after Samsung Electronics' blowout earnings failed to impress. Samsung, the world's largest memory maker by market value, closed down more than 8% in South Korea even after profit surged 19-fold, as investors question whether massive AI spending can be sustained. The iShares Semiconductor ETF fell to a four-week low and dropped more than 6%, with Astera Labs and Sandisk down more than 11%, Western Digital down more than 10%, and Applied Materials, Intel, Lam Research, and Marvel Technology down more than 9%. A jump in crude oil prices following attacks on shipping near the Strait of Hormuz also weighed on stocks, with WTI crude up more than 2%, boosting inflation expectations and pushing the 10-year Treasury yield to a three-and-a-half-week high of 4.52%. The US May trade deficit widened to $77.6 billion, the largest in 14 months, adding to negative sentiment, while New York Fed President John Williams said inflation is still quite high. Strength in software stocks provided some support, with Thomson Reuters up more than 5% and Workday and Atlassian up more than 4%.

Thomson Reuters released its 2026 Future of Professionals report warning that up to $143 billion in client revenue is at risk in the U.S. alone as legal, tax, and accounting firms fail to effectively implement artificial intelligence. The global survey of 1,800 professionals found that while 74% use AI tools weekly, 91% believe their organizations are falling short of what AI can deliver, and one-third are turning to unsanctioned tools, creating invisible risks. The execution gap is also driving talent away, with 24% of professionals considering leaving within two years if they do not see expected AI value, and 78% of corporate clients now view AI-enabled quality improvements as essential, yet only 6% say most providers deliver. Within 12 months, 32% of clients plan to reassess provider relationships, with a third putting more than $1 million in annual work at risk, contributing to the combined $143 billion in U.S. legal and accounting revenue under active reconsideration.

The global legal process outsourcing market is projected to grow from $9.62 billion in 2025 to $20.00 billion by 2035, at a compound annual growth rate of 7.60 percent, according to a report by SNS Insider. North America led the market in 2025 with a 39.1 percent revenue share, driven by enterprise legal workloads and AI-enabled automation, while the United States alone accounted for approximately 86.42 percent of North American revenue. Litigation support held the largest service-type share at about 31 percent, and large enterprises represented roughly 58 percent of revenue by organization size. Offshore outsourcing was the dominant deployment mode with a 47 percent share, and corporate legal departments were the leading end user at approximately 39 percent. Key players include Thomson Reuters, Infosys, Cognizant, and Wipro, with recent developments such as Infosys expanding AI-enabled legal process outsourcing in 2026 and Cognizant strengthening cloud-based legal operations in 2025.

Thomson Reuters announced a highly unusual reverse stock split in May 2026, exchanging each old share for 0.98456 new shares, alongside a $1.44-per-share special dividend. The special dividend returns cash to shareholders from the sale of its financial and risk business to London Stock Exchange Group, a deal completed in 2021 that made Thomson Reuters the largest shareholder in the exchange group before it fully exited the stake in 2024. The company stated the odd split ratio is proportional to the special cash distribution and does not alter percentage ownership. The move comes as Thomson Reuters reported first-quarter 2026 revenue up 10% year over year, earnings up 7%, and a 10% dividend hike.