NASDAQ: TRI

Thomson Reuters (TRI) Stock Analysis & Forecast

Thomson Reuters Corp. Technology services sector, internet software/services industry. Market cap $41.20B.

$94.39−5.09 (−5.1%)

Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.

Gekko Brief

AI summary

Thomson Reuters closes at $94.39, down 5.1%, and sits below both its 50-day average of $100.50 and its 200-day average of $100.70, with the 50-day below the 200-day. The GekkoIndex reads 63.8, placing it in the Accumulation zone, while the price stands 28.7% below Gekko Fair Value of $132.38.

Recent coverage centers on Thomson's AI direction and product positioning, including a piece on its proprietary AI model and recognition as a Leader in the IDC MarketScape for compliant e-invoicing. The company also priced a public offering of US$1,300,000,000 in notes alongside a Canadian private placement of C$1,000,000,000, with proceeds earmarked for general corporate purposes including repaying existing debt. Separately, Thomson stated that a Department of Justice position cited by Ross Intelligence does not support Ross's fair-use defense in its ongoing appeal of a summary judgment tied to Westlaw headnotes infringement. Thomson also appeared among top TSX gainers alongside Descartes during a broad market advance.

Looking ahead, the next earnings report is scheduled for 3 November 2026, 44 days out and beyond a typical 20-trading-day hold, following a prior quarter where actual EPS of $1.23 beat the $1.21 estimate yet drew a -4.2% reaction. No insider, Congress, or unusual options activity appears in the current windows. Seasonally, the next 20 trading days from this point in the calendar have averaged -2.1% over 5 years, rising in 1 of those years, a pattern worth noting alongside the current distance from Gekko Fair Value.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $94.39200-day averageGekko Fair Value $132.38

Key stats

Market cap
$41.20B
P/E ratio
26.7
Forward P/E
20.1
EPS, TTM
$3.73
Revenue, TTM
$7.83B
Profit margin
21.2%
Dividend yield
2.50%
Beta
0.19
Volume
3.95M avg 1.52M
1-year return
−45.1%
Typical daily move
±4.6%
Typical 20-day move
±4.3%
50-day average
$100.50
200-day average
$100.70
Next earnings
Nov 3 before open
Shares outstanding
433.3M
52-week range
$76.28$172.36

Thomson Reuters swing-trade checklist

Thomson Reuters scores 3 supportive, 0 mixed and 2 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive0 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $94.39 is below the 50-day ($100.50) and 200-day ($100.70) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    63.8, Accumulation

    Reading 63.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    28.7% below

    Price is 28.7% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 44 days

    Next report Nov 3, 2026, 44 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −2.1% on average

    From this point in the calendar, the next 20 trading days averaged −2.1% over 5 years, rising in 1 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Thomson Reuters stock chart and price history

Thomson Reuters closed at $94.39 on Sep 18, 2026, −45.1% over the past year, inside a 52-week range of $76.28 to $172.36.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.1%
3 months
+20.1%
6 months
+1.2%
1 year
−45.1%
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Thomson Reuters GekkoIndex: the smart money zone

Thomson Reuters’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.8, in the Accumulation zone, up 0.6 points over five sessions.

010063.8Accumulation

Up 0.6 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying90+0.1%+1.5%+2.0%−3.9%
Accumulation (current zone)201−0.5%−1.6%−3.5%−5.8%
Neutral223−0.5%−0.9%−0.7%−2.3%
Distribution46+0.1%+0.4%−0.6%−0.4%
Selling5Too few readings yet

Average TRI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the TRI price, zone by zone.Track TRI in Gekko

Is Thomson Reuters stock overvalued? Gekko Fair Value

Thomson Reuters trades 28.7% below Gekko Fair Value of $132.38, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Thomson Reuters shares are worth, recalculated every trading day.

$132.38

Gekko Fair Value, Sep 19, 2026

28.7% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open TRI in Gekko

Thomson Reuters insider and Congress trading

No open-market insider purchases were filed for Thomson Reuters, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for TRI in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every TRI insider filing, plotted on the chart in Gekko.Open TRI in Gekko

Congress trades last 90 days

No trades in TRI were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for TRI, plotted on the chart in Gekko.Open TRI in Gekko

Buybacks

Thomson Reuters has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$685.1M
As a share of market cap
1.66%
Trailing four quarters
$1.96B

From company filings.

Thomson Reuters earnings: next date and track record

Thomson Reuters reports on Nov 3, 2026, before the open (44 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±4.7%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−2.8%Aug ’24+0.8%Nov ’24+5.3%Feb ’25−0.8%May ’25−9.1%Aug ’25−7.4%Nov ’25−7.4%Feb ’26−4.2%May ’26

Last earnings call, May 5, 2026 AI summary

What they said
Thomson Reuters reported a strong start to 2026 with total company organic revenue up 8% in Q1 (vs. 7% in 2025) and margins in line with prior expectations. Management reaffirmed full-year 2026 organic revenue guidance of 7.5%–8.0% (with the Big 3 segments ~9.5%) and expects EBITDA margins to expand ~100 basis points year-over-year to ~40%. Key growth drivers cited include AI-enabled products (CoCounsel, Westlaw Advantage), international businesses, Pagero, SafeSend, and SurePrep; the company highlighted double-digit growth in several products and rising adoption metrics (AI-enabled ACV ~30%). Management discussed progress on the company’s proprietary legal LLM (“Thomson”), which is reportedly outperforming frontier models on certain legal tasks and provides optionality to manage LLM costs and product integration. Capital deployment included a 10% dividend increase (fifth consecutive year), $262M of share repurchases in Q1 and a completed $605M cash distribution, with an intent to complete the remaining ~$338M NCIB in Q2. Management emphasized continued investments in innovation and AI-driven productivity initiatives, while noting some near-term headwinds (government segment softness, LLM costs, M&A dilution and revenue-recognition timing shifts in tax/audit/accounting). Overall tone from management was confident and constructive, with measured caution on LLM costs and segment seasonality.
Guidance
Reaffirmed full-year 2026 organic revenue growth of 7.5%–8.0% (including roughly 9.5% for the Big 3 segments). Q2 organic revenue guidance of ~7%–8%. Full-year EBITDA margins expected to expand by ~100 basis points to ~40% (Q2 EBITDA margin ~38% noted). Segment-level full-year guidance: Corporate ~9% (Corporate revenue guide 9%–11%? per remarks), Tax/Audit/Accounting 11%–13%. CoCounsel Next and other AI products expected to contribute modest revenue in H2 2026 with larger contributions in 2027. Company expects AI-enabled ACV to continue rising from ~30%.
Risks flagged
Near-term headwinds include subdued government revenue (cancellations/downgrades from H2 2025), increasing LLM costs as AI usage scales, M&A-related margin dilution (near term), revenue-recognition timing shifts in certain tax/audit products (shifting revenue into H2), and broader change-management risks as customers adopt next-gen AI tools. Management also noted general uncertainties described in regulatory filings and the standard forward-looking statement caveats.
ReportedEPSSurpriseRevenueSurpriseMove
May 5, 2026$1.23
est $1.21
+1.7%$2.04B
est $2.00B
+2.0%−4.2%
Feb 5, 2026$1.07
est $1.06
+0.9%$2.00B
est $2.01B
−0.5%−7.4%
Nov 4, 2025$0.85
est $0.81
+4.9%$1.78B
est $2.02B
−11.6%−7.4%
Aug 6, 2025$0.87
est $0.83
+4.8%$1.79B
est $1.78B
+0.4%−9.1%
May 1, 2025$1.12
est $1.06
+5.7%$1.90B
est $1.80B
+5.5%−0.8%
Feb 5, 2025$1.03
est $0.98
+5.1%$1.90B
est $1.87B
+1.6%+5.3%
Nov 5, 2024$0.80
est $0.77
+3.9%$1.72B
est $1.74B
−1.0%+0.8%
Aug 1, 2024$0.85
est $0.82
+3.7%$1.74B
est $1.71B
+1.5%−2.8%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Thomson Reuters stock forecast and analyst price targets

Analysts’ average 12-month price target for Thomson Reuters is $122.29, +29.6% from the last close.

$122.29consensus 12-month target, +29.6% from the last close
−3.5%average 20-day move after past Accumulation readings
−2.1%average move over the next 20 trading days in the last 5 years
±4.6%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Thomson Reuters seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Thomson Reuters averaged −2.1% across the last 5 years, rising in 1 of them.

Next 20 trading days, by year

+1.5%2021−7.9%2022−1.4%2023−1.1%2024−2.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−2.7%1 of 5
Next 10 trading days−4.4%1 of 5
Next 15 trading days−3.6%0 of 5
Next 20 trading days−2.1%1 of 5
Next 30 trading days−3.1%1 of 5

For scale, TRI’s typical 20-trading-day move in either direction is about 4.3%.

Thomson Reuters market cap and key statistics

Thomson Reuters’s market cap is $41.20B, with a P/E ratio of 26.7 and revenue of $7.83B over the last twelve months.

Valuation

Market cap
$41.20B
P/E ratio
26.7
Forward P/E
20.1
EPS, TTM
$3.73
Gekko Fair Value
$132.38

Trading

Volume
3.95M
Avg volume, 20 days
1.52M
52-week high
$172.36
52-week low
$76.28
Shares outstanding
433.3M

Financials

Revenue, TTM
$7.83B
Profit margin
21.2%
Return on equity
14.2%
Quarterly earnings growth, YoY
+47.2%

Risk and income

Beta
0.19
Typical daily move
±4.6%
Typical 20-day move
±4.3%
Dividend yield
2.50%

Thomson Reuters stock news this week

Coverage of Thomson Reuters this week reads positive: 4 positive, 2 neutral and 0 negative headlines.

News sentiment positive

Thomson Reuters peers

Thomson Reuters’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
GOOGLAlphabet−2.2%Neutral9.1% above
GOOGAlphabet−1.9%Neutral8.8% above
METAMeta Platforms−3.3%Neutral19.5% above
NFLXNetflix+0.7%Accumulation26.9% below
SPOTSpotify Technology−3.4%Accumulation11.5% above
MSTRStrategy+12.7%Neutral2.5% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Thomson Reuters stock FAQ

What is Thomson Reuters’s market cap?

Thomson Reuters’s market cap is $41.20B at the Sep 18, 2026 close of $94.39, with 433.3M shares outstanding. The shares trade on a P/E ratio of 26.7.

What is the Thomson Reuters stock forecast?

The consensus analyst 12-month price target for Thomson Reuters is $122.29, +29.6% from the last close. Gekko doesn’t publish price predictions of its own.

Is Thomson Reuters stock overvalued or undervalued?

On Gekko’s estimate Thomson Reuters is undervalued: the Sep 18, 2026 close of $94.39 is 28.7% below Gekko Fair Value of $132.38. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Thomson Reuters report earnings next?

Thomson Reuters is expected to report on Nov 3, 2026, before the market opens (44 days away). Analysts expect earnings of $0.89 per share on revenue of $1.91B. Thomson Reuters beat the earnings estimate in 8 of its last 8 reports, moving 4.7% on average across the report.

What is Thomson Reuters’s 52-week high and low?

Thomson Reuters’s 52-week high is $172.36 and its 52-week low is $76.28; it closed at $94.39 on Sep 18, 2026, −45.1% over the past year.

Is Thomson Reuters stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk) and 2 as headwinds (trend and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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