Information by segment and reconciliations to the consolidated income statement are set forth below:
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Three months ended
June 30, |
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Six months ended
June 30, |
(millions of U.S. dollars) |
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2026 |
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2025(1) |
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2026 |
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2025(1) |
Revenues |
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Legal Professionals |
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772 |
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704 |
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1,528 |
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1,392 |
Corporates |
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537 |
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480 |
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1,145 |
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1,028 |
Tax, Audit & Accounting Professionals |
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311 |
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274 |
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721 |
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632 |
Reuters |
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229 |
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218 |
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441 |
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414 |
Global Print |
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111 |
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114 |
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223 |
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230 |
Eliminations/Rounding |
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(6) |
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(5) |
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(17) |
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(11) |
Revenues |
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1,954 |
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1,785 |
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4,041 |
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3,685 |
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Adjusted EBITDA |
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Legal Professionals |
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371 |
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339 |
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736 |
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675 |
Corporates |
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200 |
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172 |
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443 |
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387 |
Tax, Audit & Accounting Professionals |
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120 |
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110 |
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341 |
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318 |
Reuters |
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48 |
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45 |
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82 |
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84 |
Global Print |
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42 |
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41 |
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85 |
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85 |
Total reportable segments adjusted EBITDA |
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781 |
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707 |
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1,687 |
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1,549 |
Corporate costs |
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(36) |
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(29) |
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(61) |
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(62) |
Fair value adjustments(2) |
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(2) |
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(17) |
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1 |
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(34) |
Depreciation |
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(27) |
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(28) |
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(55) |
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(55) |
Amortization of software |
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(201) |
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(178) |
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(394) |
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(352) |
Amortization of other identifiable intangible assets |
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(25) |
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(24) |
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(49) |
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(49) |
Other operating gains, net |
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68 |
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5 |
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68 |
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2 |
Operating profit |
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558 |
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436 |
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1,197 |
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999 |
Net interest expense |
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(47) |
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(35) |
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(86) |
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(65) |
Other finance income (costs) |
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8 |
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(48) |
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17 |
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(58) |
Share of post-tax losses in equity method investments |
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(4) |
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(4) |
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(11) |
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(10) |
Tax expense |
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(71) |
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(52) |
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(196) |
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(144) |
Earnings from continuing operations |
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444 |
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297 |
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921 |
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722 |
(1)The Company revised its Legal Professionals, Corporates and Tax, Audit & Accounting Professionals segment results for the three and six months ended June 30, 2025. See note 1. (2)Includes acquired deferred revenue of nil (2025 - $10 million) and nil (2025 - $20 million) in the three and six months ended June 30, 2026, respectively.
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