RELX PLC Earnings Recaps
Q2 2026
Jul 25, 2026
Shares rose 4.6% following better-than-expected margin expansion and earnings growth, driven by strong profit growth outpacing revenue gains across key segments, supported by ongoing momentum in AI-enabled analytics and new product introductions.
Key takeaways
- Underlying revenue grew 7%, with all four divisions contributing positively.
- Underlying adjusted operating profit increased 9%, exceeding revenue growth and lifting adjusted operating margin by 70 basis points to 35.5%.
- Adjusted earnings per share rose 11% at constant currency, reflecting operational leverage and disciplined cost control.
- Risk, STM, and Legal divisions delivered profit growth 2-3 percentage points ahead of revenue, driven by AI-enhanced tools and strong new sales.
- Cash conversion remained robust at 98%, with continued capital returns through buybacks and a 7% interim dividend increase.
Q2 2025
Jul 25, 2025
The company reported strong first-half results with 7% underlying revenue growth and a 9% increase in adjusted operating profit, reflecting solid momentum across all business segments.
Key takeaways
- Adjusted earnings per share rose 10% at constant currency, supported by robust cash conversion at 100%.
- Interim dividend increased by 7% to 19.5p per share, signalling confidence in future growth.
- Risk business segment led growth with an 8% revenue increase, fueled by AI-enabled analytics and strong new sales.
- Legal segment saw revenue growth of 9%, driven by a shift towards higher-value analytics and successful integration of generative AI.
- Exhibitions delivered 8% revenue growth, with margins now significantly above pre-pandemic levels, reflecting a stable recovery.