NEW YORK (Reuters) -Thomson Reuters reported higher second-quarter revenue on Wednesday, during a period when it launched new AI features in its tax and accounting and legal divisions.
The Toronto-based content and technology company also reaffirmed its full year 2025 guidance of a 7% rise in organic revenue, which tracks income from existing businesses on a constant currency basis.
Thomson Reuters reported quarterly revenue rising 3% to $1.78 billion for the period ending June 30, against $1.74 billion a year ago and analyst expectations of $1.79 billion according to LSEG data. Organic revenue rose 7%.
The company, which owns the Westlaw legal database, Reuters news agency and the Checkpoint tax and accounting service, reported second-quarter adjusted earnings per share of 87 cents. Wall Street expected a profit of 82 cents per share.
Shares of Thomson Reuters have risen 19% in the year to date, outpacing the S&P 500, which rose 7% over the same period.
“We saw good momentum continue in the second quarter, with revenue in-line and margins modestly ahead of our expectations,” Steve Hasker, CEO of Thomson Reuters, said in a prepared statement.
Organic revenue in the “big three” segments of legal, corporates and tax and accounting professionals rose 9%, making up about 82% of the company’s total revenue.
The Reuters News division’s organic revenue rose 5% from higher revenue at its agency and professionals business and a contractual price increase from the London Stock Exchange.
Thomson Reuters has launched new AI features for its tax and accounting and legal businesses this year that automates tasks for users so they do not have to prompt the systems to take specific actions.
“With these advanced agentic AI offerings, we continue to leverage our authoritative content and deep expertise to bring transformative professional-grade AI solutions to our markets,” Hasker said.
(Reporting by Kenneth Li in New York; Editing by Elaine Hardcastle)
