Core Insights - Wolters Kluwer reported a 6% organic growth for the first nine months of 2025, with significant momentum in the third quarter across various sectors including Health, Tax & Accounting, and Corporate Performance & ESG [4][10]. Financial Performance - Nine-month revenues increased by 5% in reporting currency, with a 2% negative impact from currency translation due to the U.S. dollar's depreciation against the Euro. In constant currencies, revenues rose by 7% [5]. - Recurring revenues, which account for 84% of total revenues, maintained a 7% organic growth, while non-recurring revenues declined by 2% [6]. - Adjusted operating profit for the nine months increased by 15% in constant currencies, with an improved profit margin driven by sectors such as Health and Tax & Accounting [8][10]. - Nine-month adjusted free cash flow rose by 17% in constant currencies, benefiting from favorable working capital movements [10][17]. Segment Performance - Health segment revenues grew by 4% in constant currencies, with organic growth at 5%. Clinical Solutions saw a 7% organic growth [9][11]. - Tax & Accounting revenues increased by 9% in constant currencies, with organic growth at 7% [11][14]. - Financial & Corporate Compliance revenues rose by 7% in constant currencies, with organic growth at 4% [12]. - Legal & Regulatory revenues grew by 7% in constant currencies, with organic growth at 6% [13]. - Corporate Performance & ESG revenues increased by 8% in constant currencies, with organic growth also at 8% [14]. Cash Flow and Debt Management - Total acquisition spending for the first nine months was €839 million, primarily for the acquisitions of RASI and Brightflag [18]. - As of September 30, 2025, net debt stood at €4,404 million, reflecting cash flow allocated to dividends, share repurchases, and acquisitions [19]. Shareholder Returns - A share buyback program of up to €1 billion was completed on November 3, 2025, with a new mandate signed for an additional €200 million repurchase from November 6, 2025, to February 23, 2026 [10][24]. Sustainability Initiatives - The company achieved a 7% organic reduction in office space in the first nine months of 2025, contributing to efforts to reduce greenhouse gas emissions [21].

Core Insights - Wolters Kluwer Tax & Accounting has launched an AI-driven tool, CCH Axcess Client Collaboration, to improve interactions between tax professionals and clients [1][5] - The tool automates various processes, aiming to enhance workflow efficiency and reduce manual steps in tax-related tasks [2][4] Group 1: Tool Features and Functionality - CCH Axcess Client Collaboration automates document intake, classification, and secure messaging, streamlining the exchange of information [1][2] - Features include customizable questionnaires, deadline tracking, and automatic summarization to keep clients informed and engaged [3] - The tool is designed to operate within a secure, cloud-native environment, prioritizing privacy and expert-curated content [3] Group 2: Strategic Implications - The introduction of this tool is part of Wolters Kluwer's broader AI strategy, which spans multiple industries including healthcare, legal, and financial compliance [3] - Future plans include extending the tool's capabilities to auditing, accounting, and business returns, indicating a long-term vision for enhanced service delivery [4] - The launch is seen as a significant advancement in client engagement, with the potential to transform workflows across the CCH Axcess platform [5]

Core Insights - Wolters Kluwer reported a 5% organic growth in the first half of 2025, driven by a 7% organic growth in recurring revenue streams, while non-recurring revenues declined due to macroeconomic uncertainty [4][6][54] - The company made significant advancements in integrating generative AI capabilities into its platforms, enhancing customer productivity and outcomes [4][18][19] Financial Performance - Total revenues for the first half of 2025 reached €3,052 million, a 6% increase compared to €2,891 million in 2024 [4][35] - Adjusted operating profit rose to €865 million, reflecting a 13% increase, with an adjusted operating profit margin of 28.4%, up from 26.5% in the previous year [4][36] - Adjusted net profit increased by 11% to €631 million, with diluted adjusted EPS rising to €2.70, a 14% increase [4][39] Revenue Breakdown - Recurring revenues accounted for 84% of total revenues, growing 7% organically, while non-recurring revenues declined 4% [6][54] - The Health division reported revenues of €788 million, up 2%, while Tax & Accounting revenues increased by 8% to €837 million [52][62] - Financial & Corporate Compliance revenues grew 6% to €635 million, and Legal & Regulatory revenues increased by 6% to €487 million [70][77] Strategic Initiatives - The company is focused on scaling expert solutions and advancing cloud-based software as a service (SaaS) revenue models [14][20] - Investments in generative and agentic AI are being prioritized to enhance customer workflows and decision-making processes [19][23] - Wolters Kluwer plans to divest its Finance, Risk & Regulatory Reporting unit for approximately €450 million, which is expected to complete in Q4 2025 [76] Shareholder Returns - An interim dividend of €0.93 per share has been declared, representing 40% of the prior year's total dividend [25] - The company is on track to complete a share buyback program of up to €1 billion, having repurchased €637 million worth of shares by July 29, 2025 [27][29] Outlook for 2025 - The company expects full-year 2025 organic growth to be in line with the previous year, with adjusted operating profit margin anticipated to be near the top end of the range [7][8] - Guidance for diluted adjusted EPS growth is projected to be in the mid- to high-single digits in constant currencies [7][8]