New York, February 25, 2026, 09:10 EST — Premarket.
- Thomson Reuters is rolling out a $600 million share buyback, along with a $605 million capital return and a share consolidation.
- Shares surged over 11% in the previous session, after investors seized on a new CoCounsel user milestone.
- Traders are eyeing the AI-fueled rebound to see if it lasts through the cash-return vote set for later this spring.
Thomson Reuters (TRI) moved 1.6% higher in premarket trading Wednesday, after announcing a stock buyback program of up to $600 million and a separate $605 million capital return to shareholders.
The update hits a market still on edge over generative AI’s ripple effects across software and data names. “Today we’re seeing a little bit of a buy on the dip,” said Matthew Keator, managing partner at the Keator Group. Tech stocks snapped higher Tuesday, rebounding after weeks of sharp, AI-fueled swings. Reuters
Thomson Reuters shares surged over 11% Tuesday, landing squarely in the spotlight after the company revealed its AI tool, CoCounsel, has hit one million users. That milestone helped put to rest worries about new technology eating into its legal workflow business. CEO Steve Hasker weighed in: “substance matters more than hype” as real-world adoption takes over from speculation. Reuters
The U.S.-listed shares finished Tuesday at $90.09, posting an 11.41% jump for the session.
Thomson Reuters on Wednesday announced its amended normal course issuer bid—Canada’s label for an open-market buyback—will kick in Feb. 27, raising the ceiling for repurchases to 16 million shares. The company is also planning a $605 million special cash return of capital, or about $1.36 per share, which will be paired with a share consolidation, sometimes called a reverse stock split. If all goes to plan and approvals come through, the full package wraps up in early May.
The stock jumped 11.38% on the Toronto Stock Exchange, closing Tuesday at C$123.45 after reaching an intraday high of C$126.57.
Even so, the cash-return scheme won’t just happen—it hinges on shareholders signing off and the court giving the green light. A hiccup at either step might take some heat out of the rally. Beyond that, there’s a bigger issue: legal AI tools are moving fast, and their effect on sector pricing power isn’t letting up.
On the horizon: investors are watching for proxy materials due mid-March, with the amended buyback slated to become effective Feb. 27. The shareholder meeting is set for April 28, all leading up to an early-May wrap.
