Revenue

£9,590m

Underlying growth +7%

Adjusted operating profit

£3,342m

Underlying growth +9%

  • Underlying revenue growth of +7%
  • Underlying adjusted operating profit growth of +9%
  • Adjusted EPS 128.5p (2024: 120.1p), constant currency growth +10%
  • Reported operating profit £3,027m (2024: £2,861m)
  • Reported EPS 112.6p (2024: 103.6p)
  • Proposed full-year dividend 67.5p (2024: 63.0p) +7%
  • Net debt/EBITDA 2.0x; adjusted cash flow conversion 99%
  • Completed five acquisitions for a total consideration of £270m
  • Completed £1,500m share buyback
  • Scope 1 + Scope 2 emissions (tCO2e) 21,466 (2024: 32,692)
    • Revenue by format
     
    Revenue by geography
     
    Revenue by type
    *Includes long-term contracts with volumetric elements
    RELX delivered strong underlying revenue and profit growth and strong new sales in 2025. Our improving long-term growth trajectory continues to be driven by the ongoing shift in business mix towards higher growth analytics and decision tools that deliver enhanced value to our customers.

    We develop these products by leveraging deep customer understanding to combine our unique content and comprehensive data sets with advanced technologies.
    Erik Engstrom, CEO

    RELX revenue by segment

    RISK

    Revenue
    (GBPm)
    Underlying growth +8%
    Adjusted operating profit
    (GBPm)
    Underlying growth +10%

    Risk provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency.

    SCIENTIFIC, TECHNICAL & MEDICAL

    Revenue
    (GBPm)
    Underlying growth +5%
    Adjusted operating profit
    (GBPm)
    Underlying growth +7%

    Scientific, Technical & Medical helps advance science and healthcare by combining high-quality, trusted scientific and medical information and data sets with innovative technologies to deliver critical insights that support better outcomes.

    LEGAL

    Revenue
    (GBPm)
    Underlying growth +9%
    Adjusted operating profit
    (GBPm)
    Underlying growth +12%

    Legal helps its customers improve decision-making, achieve better outcomes and increase productivity by providing tools that combine legal, regulatory and business information with powerful analytics.

    EXHIBITIONS

    Revenue
    (GBPm)
    Underlying growth +8%
    Adjusted operating profit
    (GBPm)
    Underlying growth +9%

    Exhibitions combines industry expertise, digital tools, and data to help customers connect in-person and online, discover new markets, source products, generate leads, and transact.

    In 2025, underlying revenue growth was 7%, underlying adjusted operating profit growth was 9%, and adjusted earnings per share grew at 10% at constant currency.

    Our strategy is to develop increasingly sophisticated information-based
    analytics and decision tools that deliver enhanced value to professional and business customers across market segments. These are now provided almost exclusively in electronic format with the proportion of group revenue from products in print format having reduced over the past 25 years from 64% to 4%. This print to electronic transition is now largely complete.
    Nick Luff, CFO