Fresh scrutiny on Google, including an €890m EU fine tied to the Digital Markets Act, is a reminder that regulation can reshape entire business models as well as share prices in big tech. For some companies, tighter rules on dominant platforms can open doors for compliance, legal, and risk-focused services, while others may face higher costs and new constraints. This article looks at how that tension plays out in practice, breaking down three stocks from our Global Regulatory Beneficiaries screener that appear positively exposed to the latest EU action and what that might mean for your portfolio decisions.

Andersen Group (ANDG)

Overview: Andersen Group provides tax, valuation, and financial advisory services in the US, helping high net worth individuals, family offices, businesses, and investment funds with complex issues such as multigenerational wealth planning, charitable giving, trust and estate structures, and regulatory compliance.

Operations: Andersen Group generates all of its US$871.4m revenue from a broad range of tax, valuation, financial advisory, and related consulting services in the United States.

Market Cap: US$4.8b

Andersen Group operates at the intersection of rising regulatory scrutiny and growing demand for specialist tax and compliance advice, which is especially relevant as large tech companies react to the EU’s Digital Markets Act enforcement. The company is still unprofitable and highly leveraged, so investors face real risk if the anticipated earnings recovery and projected return on equity do not occur as some analysts expect. A low P/S multiple relative to peers, outlook for revenue, and recent board additions with governance and technology experience may indicate that the business is currently priced for its balance sheet stress rather than its potential to serve more complex global clients.

An apparent disconnect between Andersen Group’s low P/S multiple and its US$4.8b market cap raises a clear question: what are investors missing in the 3 key rewards and 1 important warning sign

Thomson Reuters (TSX:TRI)

Overview: Thomson Reuters is a global content and technology company that provides legal, tax, accounting, corporate compliance, and news products, helping professionals access trusted information and integrate it into their day to day workflows. Its tools and data sets support law firms, corporates, governments, and media outlets across the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Operations: Thomson Reuters generates most of its revenue from Legal Professionals at US$2.9b, Tax & Accounting Professionals at US$1.4b, and Corporates at US$2.0b, with additional contributions from Reuters News at US$869m and Global Print at US$486m.

Market Cap: CA$55.8b

Thomson Reuters stands out in the Global Regulatory Beneficiaries screener because tougher rules on big tech can drive demand for its legal, tax, and compliance platforms, especially as regulators lean on detailed, trusted data. Its AI driven workflow tools and long history of subscription revenue give it a strong position in markets where rules keep getting more complex, while a large US$2.1b quarterly revenue base and 20% net margin show the business is already scaled. The trade off for investors is that earnings have recently declined and margins have come down from past levels. How that tension resolves, and what it implies for valuation and risk, is where the real story on Thomson Reuters begins.

Thomson Reuters’ subscription strength and AI tools are balanced against easing margins and recent earnings pressure, which raises a bigger question about resilience. Get the full story in the analysis report for Thomson Reuters

LegalZoom.com (LZ)

Overview: LegalZoom.com runs an online platform that helps small businesses and consumers handle legal, compliance, and business management tasks, from forming companies and protecting trademarks to creating wills and accessing on demand attorney support through subscription plans.

Operations: LegalZoom.com generates US$779.7m in revenue from its online business formation platform and related services.

Market Cap: US$1.3b

LegalZoom.com sits in the sweet spot of rising regulatory demands and the shift to online legal services. This matters as rules like the EU’s Digital Markets Act push more businesses to formalize compliance. The company is leaning into AI partnerships and automation, aiming to scale its higher margin subscription and concierge offerings. Q1 2026 revenue of US$206.8m and raised full year guidance indicate solid top line momentum. At the same time, earnings pressure, slim 1.5% net margins, intense competition, and regulatory risk mean the bar for the stock is high, especially with a triple digit P/E. The tension between strong growth expectations, share buybacks, and these risks is what makes LegalZoom.com a stock that may warrant closer attention from investors.

LegalZoom.com’s accelerating subscriptions, AI push, and triple digit P/E suggest a story the market may not be pricing correctly yet, and the real twist shows up in the analyst forecasts for LegalZoom.com

The three stocks covered here are just a starting point, and the full Global Regulatory Beneficiaries screener surfaces 38 more companies in regtech, compliance, cybersecurity, legal advisory, and risk management with equally compelling stories in the Global Regulatory Beneficiaries screener. Use Simply Wall St to identify, filter, and analyze the specific catalysts and narratives that matter to you so you can focus on the highest conviction ideas in this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.