Thomson Reuters Announces $500 Million Share Repurchase Program Under New Normal Course Issuer Bid

Thomson Reuters announced a $500 million share repurchase program on November 11, 2026, alongside a new Normal Course Issuer Bid, reinforcing the company's commitment to returning capital to shareholders. The program, disclosed under the ticker TRI on both the TSX and Nasdaq, was flagged across multiple financial outlets simultaneously, signaling a formal and structured authorization rather than an opportunistic open-market move.

The announcement follows Thomson Reuters completing the sale of a 51% stake in its Global Print business to KKR in October 2026, a transaction that generated approximately $500 million in gross proceeds, giving the company additional financial flexibility. Earlier in 2026, Thomson Reuters had already executed a $600 million repurchase program and a $605 million return-of-capital transaction, underscoring an ongoing and aggressive capital return strategy. Management had previously indicated at its Q4 2025 earnings call that roughly $500 million in buybacks would be needed to meet its target of returning 75% of free cash flow to shareholders in 2026.