RELX

Relx
D

RELX

Arincen83/100B
40.515
USD
0.48
(1.20%)
Market Closed
Last updated: · Delayed 15 min

Relx financials

Yes. Relx earned 2.26B GBP of net income over the last twelve months, 23.3% of its revenue. It made a profit in 39 of its 40 fiscal years since 1985. Its last loss was in fiscal year 1999.

Revenue (TTM)
9.72B GBP
Net income (TTM)
2.26B GBP
Free cash flow (TTM)
2.90B GBP
Cash and short-term investments
220.00M GBP
Total debt
8.91B GBP
Shareholders' equity
1.24B GBP

Cash, debt and equity as of 30 Jun 2026.

Relx earnings

Next earnings · H2 FY2026
EPS estimate
0.92 USD
Revenue estimate
6.83B USD
Last quarter · H1 FY2026
EPS0.91Beat +2.2%Revenue6.49BMissed -0.8%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
H2 FY20260.92——+13.38%6.83B——+3.20%
H1 FY20260.890.91+2.24%+6.28%6.54B6.49B-0.77%+1.03%
H2 FY20250.850.81-5.17%+3.20%6.70B6.62B-1.23%+6.99%
H1 FY20250.560.86+52.75%+12.27%6.45B6.42B-0.49%+7.44%
H2 FY20240.800.78-1.76%—6.45B6.19B-4.06%—
H2 FY2024—0.66———5.87B——
H1 FY20240.770.770.00%+6.09%6.12B5.98B-2.34%+3.39%

Relx growth and profitability

Full income statement
Revenue (TTM)
9.72B GBP
Net income (TTM)
2.26B GBP
Gross margin
62.65%
Operating margin
31.55%
Net margin
23.27%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20259.59B+1.65%2.07B+6.77%63.70%31.56%21.53%3.75B+3.60%
FY20249.43B+2.98%1.93B+8.59%65.02%30.33%20.50%3.62B+7.31%
FY20239.16B+7.11%1.78B+9.00%64.89%29.28%19.44%3.37B+10.20%
FY20228.55B+18.07%1.63B+11.08%64.40%27.16%19.10%3.06B+15.68%
FY20217.24B+1.88%1.47B+20.18%64.63%26.01%20.31%2.65B+6.82%

How Relx makes its money

Electronic8.07B 84.2%
Face To Face1.12B 11.7%
Print399.00M 4.2%
Revenue9.59B 100.0%
Cost of revenue3.48B 36.3%
Gross profit6.11B 63.7%
Selling and administration3.37B 35.2%
Operating income3.03B 31.6%
Tax672.00M 7.0%
Other expense290.00M 3.0%
Net income2.07B 21.5%

FY2025, in GBP. Each band is as wide as its money; the percentage is its share of revenue.

Relx revenue breakdown

By product

FY2025
Electronic: 84.2%Face To Face: 11.7%Print: 4.2%84.2%Electronic11.7%Face To Face4.2%Print
SegmentRevenueShare of revenueChange on the year
Electronic8.07B84.2%+3.1%
Face To Face1.12B11.7%-5.7%
Print399.00M4.2%-5.2%

By region

FY2025
North America: 58.3%Europe: 20.9%Rest Of World: 20.8%58.3%North America20.9%Europe20.8%Rest Of World
RegionRevenueShare of revenueChange on the year
North America5.60B58.3%+1.8%
Europe2.00B20.9%-1.2%
Rest Of World2.00B20.8%+4.2%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20252.88B2.86B
FY20242.65B2.63B
FY20232.48B2.45B
FY20222.43B2.40B
FY20212.04B2.01B
FY20201.63B1.58B
FY20192.12B2.08B
FY20182.02B1.96B
FY20171.95B1.90B
FY20161.73B1.68B

Relx financial health

Full balance sheet
Cash and short-term investments
220.00M GBP
Total debt
8.91B GBP
Net cash
-8.69B GBP
Free cash flow (TTM)
2.90B GBP
Current ratio
0.45
Debt to equity
7.19
Piotroski score
6 / 9
Altman Z-score
3.38

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025131.00M7.33B2.86B
FY2024119.00M6.54B2.63B
FY2023155.00M6.50B2.45B
FY2022334.00M6.73B2.40B
FY2021113.00M6.17B2.01B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202514.76B12.37B2.37B
FY202415.13B11.63B3.48B
FY202314.92B11.48B3.46B
FY202215.83B12.08B3.78B
FY202113.86B10.63B3.23B
FY202014.15B12.04B2.10B
FY201913.79B11.60B2.17B
FY201814.00B11.64B2.33B
FY201712.28B9.91B2.35B
FY201613.32B10.97B2.32B

Relx valuation

Price to earnings ratio (TTM)
24.33
Forward P/E (FY2026)
21.63
Price to sales (TTM)
5.47
Price to book
42.96
EV / EBITDA (TTM)
15.91

Capital structure

Market capitalization
70.28B USD
+
Total debt
11.77B USD
−
Cash and short-term investments
290.73M USD
=
Enterprise value
81.76B USD

Valuation over time

Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
Now (TTM)24.33—5.4742.9615.91
FY202526.55—5.7423.2616.59
FY202434.90—7.1819.4520.48
FY202333.18—6.4417.0519.37
FY202226.96—5.1411.6416.45
FY202131.70—6.4114.3719.84

Relx against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Cintas, Copart, Rollins, RB Global, UL Solutions, and Aramark, the US Specialty Business Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median24.3
    17.941.0
  • Gross marginLowest in 5 years63.7%
    63.7%65.0%
    Against its peers: 1 of 7Peers' median 46.9%
  • Operating marginHighest in 5 years31.6%
    26.0%31.6%
    Against its peers: 2 of 7Peers' median 18.5%
  • Net marginHighest in 5 years21.5%
    19.1%21.5%
    Against its peers: 2 of 7Peers' median 12.3%
  • Return on equityHighest in 5 years87.3%
    43.3%87.3%
    Against its peers: 1 of 7Peers' median 21.0%
  • Free cash flow marginHighest in 5 years29.8%
    26.7%29.8%
    Against its peers: 1 of 7Peers' median 16.2%
  • Revenue growthLowest in 5 years1.7%
    1.7%18.1%
    Against its peers: 6 of 7Peers' median 7.7%
  • EPS growthLowest in 5 years8.7%
    8.7%20.6%
    Against its peers: 4 of 7Peers' median 7.5%
  • Debt to EBITDAAt its median1.96×
    1.81×2.33×
    Against its peers: 5 of 7Peers' median 1.21×
  • Current ratioLowest in 5 years0.49
    0.490.63
    Against its peers: 7 of 7Peers' median 1.21

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Relx dividends

Annual dividend
0.56 USD
Dividend yield (indicated)
1.39%
Payout ratio
55.07%
Frequency
Semi-annual
Last payment
0.28 USD
Last ex-dividend date
7 Aug 2026
Last payment date
15 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share0.870.760.690.670.670.590.560.550.470.45

Relx ownership

Institutions
4.80%
Institutional holders
448 (-10)
Free float
99.99%

Who owns the shares

Institutions 4.8% Others 95.2%
As of 30 Jun 2026

Shares free to trade

Free float 1.73B shares ·100.0% Closely held 104.24K shares ·0.0%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.83B1.84B-1.77%
FY20241.87B1.88B-1.37%
FY20231.89B1.90B-1.37%
FY20221.92B1.93B-0.52%
FY20211.93B1.94B+0.08%

Common questions about Relx's financials

Source: Financial Modeling Prep