TORONTO – Thomson Reuters raised its full-year revenue outlook after reporting continued growth across its legal, corporate, tax and accounting businesses.
Total company revenue increased 9% in the second quarter, while organic revenue rose 8%, according to the company’s results. Its three largest professional segments recorded 10% organic growth and accounted for 83% of total revenue.
Thomson Reuters now expects full-year total and organic revenue growth of about 8%. It raised the outlook for organic growth in its three largest segments to between 9.5% and 10%.
The company said recurring revenue grew 9% and represented 82% of quarterly revenue. In Legal Professionals, recurring growth was driven primarily by Westlaw and CoCounsel. CoCounsel, indirect tax tools and other products also contributed to growth in the Corporates and Tax, Audit & Accounting Professionals segments.
CEO Steve Hasker said the company’s priority for the second half is to deepen its position in what it calls fiduciary-grade AI: systems grounded in professional content and designed for work where accuracy, provenance and accountability carry higher stakes.
The performance offers a contrast with broad consumer and creative AI products. In professional markets, AI can be packaged inside an existing subscription, connected to specialized data and sold into workflows that already support recurring spending.