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Thomson Reuters Announces $1 Billion Share Repurchase Plan

Strategic Insights

— 1 min read

Thomson Reuters, a global content and technology company, has announced plans to repurchase up to $1 billion of its shares through a new normal course issuer bid (NCIB). The company aims to acquire up to 10 million common shares, representing approximately 2.22% of its issued and outstanding common shares, between August 19, 2025, and August 18, 2026. This strategic move is part of the company's disciplined capital strategy to balance growth, long-term financial leverage, credit ratings, and returns to shareholders.

Key Takeaways:

  • Thomson Reuters plans to repurchase up to $1 billion of its shares under a new NCIB, which has been approved by the Toronto Stock Exchange (TSX).
  • The company aims to acquire up to 10 million common shares, representing approximately 2.22% of its issued and outstanding common shares, between August 19, 2025, and August 18, 2026.
  • The repurchased shares will be cancelled, and purchases will occur in open market transactions on the TSX, Nasdaq Global Select Market (Nasdaq), or other exchanges and alternative trading systems.
  • The price of the shares to be repurchased will be the market price at the time of purchase or such other price as may be permitted by the TSX.
  • Thomson Reuters has historically maintained a disciplined capital strategy, balancing growth, long-term financial leverage, credit ratings, and returns to shareholders through dividends and share repurchases.
  • Decisions regarding future repurchases will depend on certain factors, such as market conditions, share price, and other opportunities to invest capital for growth.

Statistics:

  • Up to $1 billion: the maximum amount of shares that Thomson Reuters plans to repurchase under the new NCIB.
  • 10 million: the maximum number of common shares that the company aims to acquire under the NCIB.
  • 2.22%: the approximate percentage of issued and outstanding common shares that the NCIB represents.
  • August 19, 2025, to August 18, 2026: the period during which Thomson Reuters will be authorized to repurchase shares under the new NCIB.
  • 364,105: the average daily trading volume on the TSX for the six months ended July 31, 2025.
  • 91,026: the daily maximum number of shares that Thomson Reuters may purchase on the TSX under the renewed NCIB.

Sources:

  • Thomson Reuters news release, dated August 15, 2025
  • Toronto Stock Exchange (TSX)
  • Nasdaq Global Select Market (Nasdaq)

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