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RELX PLC

RELX Clue Score66
United Kingdom Fiscal year ends December CIK 0000929869
$36.13 +2.53% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $36.13 +23.99% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.89Operating income1.71Net income1.15EPS, diluted0.55Fiscal year 2017Revenue7.34 +6.6%Operating income1.91Net income1.65 +43.3%EPS, diluted0.81 +46.5%Fiscal year 2018Revenue7.49 +2.1%Operating income1.96Net income1.42 −13.7%EPS, diluted0.71 −11.9%Fiscal year 2019Revenue7.87 +5.1%Operating income2.10Net income1.51 +5.8%EPS, diluted0.77 +7.7%Fiscal year 2020Revenue7.11 −9.7%Operating income1.53Net income1.22 −18.7%EPS, diluted0.63 −17.8%Fiscal year 2021Revenue7.24 +1.9%Operating income1.88Net income1.47 +20.2%EPS, diluted0.76 +19.9%Fiscal year 2022Revenue8.55 +18.1%Operating income2.32Net income1.63 +11.1%EPS, diluted0.85 +11.7%Fiscal year 2023Revenue9.16 +7.1%Operating income2.68Net income1.78 +9.0%EPS, diluted0.94 +10.5%Fiscal year 2024Revenue9.43 +3.0%Operating income2.86Net income1.93 +8.6%EPS, diluted1.03 +10.1%Fiscal year 2025Revenue9.59 +1.7%Operating income3.03Net income2.07 +6.8%EPS, diluted1.12 +8.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.89 7.34 7.49 7.87 7.11 7.24 8.55 9.16 9.43 9.59
Growth +6.6% +2.1% +5.1% −9.7% +1.9% +18.1% +7.1% +3.0% +1.7%
Operating income 1.71 1.91 1.96 2.10 1.53 1.88 2.32 2.68 2.86 3.03
Net income 1.15 1.65 1.42 1.51 1.22 1.47 1.63 1.78 1.93 2.07
Growth +43.3% −13.7% +5.8% −18.7% +20.2% +11.1% +9.0% +8.6% +6.8%
EPS, diluted 0.55 0.81 0.71 0.77 0.63 0.76 0.85 0.94 1.03 1.12
Growth +46.5% −11.9% +7.7% −17.8% +19.9% +11.7% +10.5% +10.1% +8.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin63.9%Operating margin24.8%Net margin16.7%Free cash flow margin24.5%Fiscal year 2017Gross margin64.2%Operating margin26.0%Net margin22.4%Free cash flow margin25.4%Fiscal year 2018Gross margin64.7%Operating margin26.2%Net margin19.0%Free cash flow margin25.7%Fiscal year 2019Gross margin65.0%Operating margin26.7%Net margin19.1%Free cash flow margin25.9%Fiscal year 2020Gross margin65.0%Operating margin21.4%Net margin17.2%Free cash flow margin21.8%Fiscal year 2021Gross margin64.6%Operating margin26.0%Net margin20.3%Free cash flow margin27.4%Fiscal year 2022Gross margin64.4%Operating margin27.2%Net margin19.1%Free cash flow margin27.7%Fiscal year 2023Gross margin64.9%Operating margin29.3%Net margin19.4%Free cash flow margin26.5%Fiscal year 2024Gross margin65.0%Operating margin30.3%Net margin20.5%Free cash flow margin27.4%Fiscal year 2025Gross margin66.3%Operating margin31.6%Net margin21.5%Free cash flow margin29.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 63.9% 64.2% 64.7% 65.0% 65.0% 64.6% 64.4% 64.9% 65.0% 66.3%
Operating margin 24.8% 26.0% 26.2% 26.7% 21.4% 26.0% 27.2% 29.3% 30.3% 31.6%
Net margin 16.7% 22.4% 19.0% 19.1% 17.2% 20.3% 19.1% 19.4% 20.5% 21.5%
Free cash flow margin 24.5% 25.4% 25.7% 25.9% 21.8% 27.4% 27.7% 26.5% 27.4% 29.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.74Capital expenditure−0.05Free cash flow1.69Buybacks−0.70Dividends paid−0.69Fiscal year 2017Operating cash flow1.91Capital expenditure−0.05Free cash flow1.86 +10.2%Buybacks−0.70Dividends paid−0.77Fiscal year 2018Operating cash flow1.99Capital expenditure−0.06Free cash flow1.93 +3.5%Buybacks−0.70Dividends paid−0.80Fiscal year 2019Operating cash flow2.09Capital expenditure−0.05Free cash flow2.04 +5.9%Buybacks−0.60Dividends paid−0.85Fiscal year 2020Operating cash flow1.60Capital expenditure−0.04Free cash flow1.55 −23.9%Buybacks−0.15Dividends paid−0.89Fiscal year 2021Operating cash flow2.02Capital expenditure−0.03Free cash flow1.99 +28.0%Dividends paid−0.93Fiscal year 2022Operating cash flow2.40Capital expenditure−0.04Free cash flow2.37 +19.0%Dividends paid−0.99Fiscal year 2023Operating cash flow2.46Capital expenditure−0.03Free cash flow2.43 +2.6%Dividends paid−1.07Fiscal year 2024Operating cash flow2.61Capital expenditure−0.02Free cash flow2.59 +6.6%Dividends paid−1.13Fiscal year 2025Operating cash flow2.84Capital expenditure−0.02Free cash flow2.82 +8.8%Dividends paid−1.20
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.74 1.91 1.99 2.09 1.60 2.02 2.40 2.46 2.61 2.84
Capital expenditure −0.05 −0.05 −0.06 −0.05 −0.04 −0.03 −0.04 −0.03 −0.02 −0.02
Free cash flow 1.69 1.86 1.93 2.04 1.55 1.99 2.37 2.43 2.59 2.82
Growth +10.2% +3.5% +5.9% −23.9% +28.0% +19.0% +2.6% +6.6% +8.8%
Buybacks −0.70 −0.70 −0.70 −0.60 −0.15 n/a n/a n/a n/a n/a
Dividends paid −0.69 −0.77 −0.80 −0.85 −0.89 −0.93 −0.99 −1.07 −1.13 −1.20

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.16Total debt5.26Net cash (debt)−5.09Shareholders’ equity2.27Debt to equity2.32Fiscal year 2017Cash0.11Total debt5.25Net cash (debt)−5.14Shareholders’ equity2.29Debt to equity2.29Fiscal year 2018Cash0.11Total debt6.37Net cash (debt)−6.25Shareholders’ equity2.33Debt to equity2.73Fiscal year 2019Cash0.14Total debt6.41Net cash (debt)−6.28Shareholders’ equity2.17Debt to equity2.96Fiscal year 2020Cash0.09Total debt7.12Net cash (debt)−7.04Shareholders’ equity2.10Debt to equity3.39Fiscal year 2021Cash0.11Shareholders’ equity3.23Fiscal year 2022Cash0.33Shareholders’ equity3.78Fiscal year 2023Cash0.16Shareholders’ equity3.46Fiscal year 2024Cash0.12Shareholders’ equity3.48Fiscal year 2025Cash0.13Shareholders’ equity2.37
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.16 0.11 0.11 0.14 0.09 0.11 0.33 0.16 0.12 0.13
Total debt 5.26 5.25 6.37 6.41 7.12 n/a n/a n/a n/a n/a
Net cash (debt) −5.09 −5.14 −6.25 −6.28 −7.04 n/a n/a n/a n/a n/a
Shareholders’ equity 2.27 2.29 2.33 2.17 2.10 3.23 3.78 3.46 3.48 2.37
Debt to equity 2.32 2.29 2.73 2.96 3.39 n/a n/a n/a n/a n/a

In billions of GBP, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of GBP, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
6.89 7.34 7.49 7.87 7.11 7.24 8.55 9.16 9.43 9.59
Growth +6.6% +2.1% +5.1% −9.7% +1.9% +18.1% +7.1% +3.0% +1.7%
2.49 2.63 2.64 2.76 2.49 2.56 3.05 3.22 3.30 3.23
4.40 4.71 4.85 5.12 4.62 4.68 5.51 5.95 6.13 6.36
Growth +7.1% +2.9% +5.6% −9.7% +1.3% +17.6% +7.9% +3.2% +3.6%
1.62 1.68 1.73 1.77 1.90 1.63 1.82 1.85 1.85 1.86
1.71 1.91 1.96 2.10 1.53 1.88 2.32 2.68 2.86 3.03
Growth +11.5% +3.1% +7.0% −27.4% +23.5% +23.3% +15.5% +6.7% +5.8%
1.46 1.72 1.72 1.85 1.48 1.80 2.11 2.30 2.56 2.75
0.30 0.07 0.29 0.34 0.28 0.33 0.48 0.51 0.61 0.67
1.15 1.65 1.42 1.51 1.22 1.47 1.63 1.78 1.93 2.07
Growth +43.3% −13.7% +5.8% −18.7% +20.2% +11.1% +9.0% +8.6% +6.8%
Per share
0.56 0.82 0.72 0.77 0.64 0.76 0.85 0.94 1.04 1.13
0.55 0.81 0.71 0.77 0.63 0.76 0.85 0.94 1.03 1.12
Growth +46.5% −11.9% +7.7% −17.8% +19.9% +11.7% +10.5% +10.1% +8.6%
2,062 2,019 1,977 1,944 1,926 1,928 1,919 1,892 1,866 1,834
2,080 2,035 1,991 1,956 1,938 1,939 1,929 1,903 1,877 1,844
Growth −2.1% −2.2% −1.7% −0.9% +0.1% −0.5% −1.4% −1.4% −1.8%

Shown in GBP as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.2% a year over five years, and earnings per share grew 12.1% a year.
  • The diluted share count fell 4.9% in five years, so buybacks did some of the work per share.
  • Operating margin is up 10.1 points on five years ago, at 31.6%.
  • Profitable in every one of the 10 years on file.