Thomson Reuters raises revenue guidance amid strong AI-driven growth

Thomson Reuters just made a solid case that AI can pay its own way.

The company reported third-quarter revenue of $1.83 billion on November 3, 2026, up 10% year-over-year. It also raised its full-year organic revenue growth forecast to between 8.5% and 9%, up from approximately 8%.

The numbers behind the upgrade

Most of the growth came from recurring revenue in the company’s core segments. Those are legal, corporate, and tax and accounting services.

The headline stat is the AI mix. GenAI-enabled products accounted for 34% of annualized contract value in the third quarter, compared with 24% a year earlier.

Annualized contract value is a measure of what customers are committed to paying over a year. A 10-percentage-point jump in the AI share within twelve months suggests clients are not just testing these tools. They are signing up for them.

The Reuters news division also had a strong quarter. Its revenue grew 12% organically, helped by approximately $19 million in transactional generative AI content licensing.

Then there is CoCounsel Legal, the company’s AI assistant for lawyers. Active users rose more than 60% month-over-month in September 2026.

The Skadden deal and the Global Print sale

Leadership pointed to a strategic AI design agreement with Skadden, Arps, Slate, Meagher & Flom. The partnership is aimed at developing proprietary legal language models.

The company expects this collaboration, along with premium pricing for its AI tools, to help offset the high costs of AI development and severance.

Meanwhile, Thomson Reuters sold a 51% stake in its Global Print business to KKR for roughly $500 million. The company expects the divestiture to contribute 60 to 70 basis points to organic growth and to improve organic growth margins going forward.

What this means for investors and the industry

For investors, the raised guidance signals resilience in the traditional professional services business plus a growing AI revenue engine on top.

The 34% AI share of contract value is the metric to watch. If that number keeps climbing at anything close to its recent pace, the company’s growth profile could look increasingly tied to AI adoption in legal and corporate markets.

The risks are real, though. AI development and severance costs are high, and the company is counting on premium pricing to cover them.

The content licensing angle also deserves attention. The roughly $19 million in transactional GenAI licensing at Reuters shows that trusted news archives have value to AI builders.

For the legal profession itself, the CoCounsel growth points to a shift in how lawyers work. A jump of more than 60% in active users in a single month suggests firms are moving past pilot programs and putting these tools into real use.