RELX PLC American Depositary Receipt (RELX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 22	—	$1.26	—	—	—	—
Q2 22	—	$0.61	—	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.13	—	—	$9.6B	—
FY24	—	$1.04	—	—	$9.4B	—
FY23	—	$0.94	—	—	$9.2B	—
FY22	—	$0.85	—	—	$11.6B	—
FY21	—	$0.76	—	—	$7.2B	—
FY20	—	$0.64	—	—	$7.1B	—
FY19	—	$0.77	—	—	$7.9B	—
FY18	—	$0.72	—	—	$7.5B	—
FY17	—	$0.82

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$6.9B	$7.3B	$7.5B	$7.9B	$7.1B	$7.2B	$11.6B	$9.2B	$9.4B	$9.6B
YoY change	+15.5%	+6.47%	+2.06%	+5.1%	-9.7%	+1.88%	+60%	-20.9%	+2.98%	+1.65%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	6.9B	7.3B	7.5B	7.9B	7.1B	7.2B	11.6B	9.2B	9.4B	9.6B
Cost of revenue	2.5B	2.6B	2.6B	2.8B	2.5B	2.6B	4.1B	3.2B	3.3B	3.2B
Gross profit	4.4B	4.7B	4.8B	5.1B	4.6B	4.7B	7.5B	5.9B	6.1B	6.4B
Gross margin	63.9%	64.2%	64.7%	65%	65%	64.6%	64.4%	64.9%	65%	66.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.7B	2.8B	2.9B	3.1B	3.1B	2.8B	4.3B	3.3B	3.3B	3.4B
Operating expenses	2.7B	2.8B	2.9B	3.1B	3.1B	2.8B	4.3B	3.3B	3.3B	3.4B
Operating income	1.7B	1.9B	1.9B	2.1B	1.5B	1.9B	3.1B	2.6B	2.8B	3B
Operating margin	24.2%	25.4%	25.8%	26.2%	21.2%	25.6%	26.9%	28.8%	29.9%	31.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	1.5B	1.7B	1.7B	1.8B	1.5B	1.8B	2.9B	2.3B	2.6B	2.8B
Income tax	304M	65M	292M	338M	275M	326M	651.6M	507M	613M	672M
Net income	1.2B	1.7B	1.4B	1.5B	1.2B	1.5B	2.2B	1.8B	1.9B	2.1B
Net margin	17%	22.6%	19.1%	19.2%	17%	20.3%	19.1%	19.5%	20.6%	21.7%
EBITDA	2.3B	2.6B	2.6B	2.8B	2.4B	2.6B	4.1B	3.4B	3.6B	3.7B
EPS	0.56	0.82	0.72	0.77	0.64	0.76	0.85	0.94	1.04	1.13
Diluted EPS	0.56	0.81	0.71	0.77	0.63	0.76	0.85	0.94	1.03	1.12

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 08	Q2 09	Q2 10	Q2 11	Q2 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Revenue	—	—	—	—	—	—	—	—	—	—	—	—
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	—	—	—	—	—	—	—	—	—	—	—	—
Income tax	—	—	—	—	—	—	—	—	—	—	—	—
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Net margin	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0	0	0	0	0	0	0	0	0	0	0	0
Diluted EPS	0	0	0	0	0	0	0	0	0	0	0	0

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	29.9B	38.6B	32.7B	39.6B	38.3B	50.7B	—	—	84.7B	74.1B	74.1B
Enterprise value	34.6B	43.7B	39B	45.9B	45.3B	56.8B	—	—	91.2B	81.3B	81.3B
Shares outstanding	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	2.6B	1.9B	1.9B	1.8B	1.8B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25.6	23.3	22.9	26.2	31.7	34.5	—	—	43.6	35.7	35.7
P/S	4.33	5.26	4.37	5.03	5.39	7	—	—	8.98	7.73	7.73
P/B	12.7	16.7	13.9	18.1	18.2	15.7	—	—	24.2	31	31
EV/EBITDA	15	17.1	14.9	16.5	19.2	21.8	—	—	25.5	21.9	21.9
EV/Sales	5.01	5.96	5.2	5.83	6.38	7.83	—	—	9.66	8.48	8.48
Earnings yield	3.91%	4.29%	4.36%	3.81%	3.15%	2.9%	—	—	2.29%	2.8%	2.8%
FCF yield	4.51%	4.04%	4.96%	4.32%	3.22%	3.31%	—	—	2.51%	3.12%	3.12%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	63.9%	64.2%	64.7%	65%	65%	64.6%	64.4%	64.9%	65%	66.3%	66.3%
Operating margin	24.2%	25.4%	25.8%	26.2%	21.2%	25.6%	26.9%	28.8%	29.9%	31.1%	31.1%
Net margin	17%	22.6%	19.1%	19.2%	17%	20.3%	19.1%	19.5%	20.6%	21.7%	21.7%
ROE	49.6%	71.6%	60.5%	68.9%	57.5%	45.6%	43.5%	52%	55.5%	86.9%	86.9%
ROA	8.77%	13.1%	10.2%	10.9%	8.54%	10.6%	10.3%	12%	12.8%	14.1%	14.1%
ROIC	18.8%	24.1%	18.6%	19.9%	13.5%	16.4%	17.5%	21%	21.6%	23.7%	23.7%
Return on tangible assets	-17.5%	-29.1%	-20.8%	-22.3%	-16.9%	-19.7%	-20.4%	-23.5%	-25.5%	-28.7%	-28.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.44	0.47	0.44	0.41	0.52	0.63	0.59	0.52	0.52	0.49	0.49
Quick ratio	0.4	0.43	0.4	0.37	0.47	0.56	0.53	0.47	0.47	0.44	0.44
Debt / equity	2.05	2.27	2.7	2.93	3.39	1.91	1.79	1.89	1.87	3.04	3.04
Debt / assets	0.36	0.42	0.45	0.47	0.5	0.45	0.43	0.44	0.43	0.49	0.49
Net debt / EBITDA	2.04	2.02	2.39	2.26	2.98	2.33	2.11	1.86	1.8	1.93	1.93
Interest coverage	9.42	10.5	9.73	7.14	10.8	15.4	12.6	8.65	10.1	11.1	11.1
Effective tax rate	20.6%	3.78%	17%	18.3%	18.5%	18.1%	22.8%	22.1%	24%	24.4%	24.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	4.15	4.51	4.7	5.02	4.58	4.66	4.44	4.84	5.06	5.23	5.23
EPS (basic)	0.56	0.82	0.72	0.77	0.64	0.76	0.85	0.94	1.04	1.13	1.13
EPS (diluted)	0.56	0.81	0.71	0.77	0.63	0.76	0.85	0.94	1.03	1.12	1.12
Book value per share	1.42	1.42	1.48	1.4	1.35	2.07	1.95	1.82	1.88	1.3	1.3
FCF per share	0.81	0.96	1.02	1.09	0.79	1.08	1.02	1.05	1.14	1.26	1.26
Cash per share	0.1	0.07	0.07	0.09	0.06	0.07	0.17	0.08	0.06	0.07	0.07
Capex per share	0.03	0.03	0.03	0.03	0.03	0.01	0.02	0.24	0.25	0.27	0.27

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.73%	0.68%	0.69%	0.57%	0.6%	0.32%	0.42%	4.88%	4.92%	5.26%	5.26%
Capex / operating cash flow	3.26%	2.31%	2.72%	2.25%	2.56%	1.27%	1.72%	18.2%	17.8%	17.8%	17.8%
Payout ratio	58.4%	46%	55.7%	55.8%	72.8%	62.5%	60.2%	59.2%	57.7%	56.8%	56.8%
Dividend yield	2.29%	1.97%	2.43%	2.13%	2.3%	1.81%	—	—	1.32%	1.59%	1.59%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.279

ex-dividend Aug 7, 2026

Payout ratio

57%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 7, 2026	$0.279
May 8, 2026	$0.656
Aug 8, 2025	$0.263

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	162M	111M	114M	138M	88M	113M	452.5M	155M	119M	131M
Receivables	1.7B	1.6B	1.7B	1.8B	1.7B	1.6B	2.8B	2B	2.2B	2.2B
Inventory	209M	197M	212M	217M	240M	253M	418.6M	318M	331M	311M
Total current assets	2.4B	2.2B	2.4B	2.4B	2.3B	2.4B	4.2B	2.9B	3B	3B
Property, plant & equipment	242M	481M	461M	444M	378M	423M	592M	212M	171M	159M
Goodwill & intangibles	20B	18.3B	20.9B	20.6B	21.3B	21.3B	32.3B	22.5B	22.8B	22B
Total assets	13.3B	12.6B	14B	13.8B	14.1B	13.9B	21.4B	14.9B	15.1B	14.8B
Accounts payable	297M	240M	187M	173M	154M	109M	174.8M	171M	223M	89M
Short-term debt	1.2B	762M	1.4B	2.1B	847M	232M	1.2B	1.3B	1.4B	1.6B
Total current liabilities	5.3B	4.7B	5.3B	5.9B	4.4B	3.7B	7B	5.5B	5.7B	6B
Long-term debt	3.7B	4.5B	5B	4.4B	6.3B	5.9B	7.9B	5.2B	5.1B	5.7B
Total liabilities	11B	10.3B	11.6B	11.6B	12B	10.6B	16.4B	11.5B	11.6B	12.4B
Shareholders' equity	2.4B	2.3B	2.4B	2.2B	2.1B	3.2B	5.1B	3.4B	3.5B	2.4B
Total debt	4.8B	5.3B	6.4B	6.4B	7.1B	6.2B	9.1B	6.5B	6.5B	7.3B
Net debt	4.7B	5.1B	6.3B	6.3B	7B	6.1B	8.7B	6.3B	6.4B	7.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 08	Q2 09	Q2 10	Q2 11	Q2 12	Q2 13	Q2 14	Q2 15	Q2 16	Q2 17	Q2 18	Q2 19
Cash & short-term investments	266.1M	391M	717M	784M	425M	374M	155M	144M	211M	160M	105M	118M
Receivables	402.6M	1.1B	1.2B	1.2B	1.1B	1.2B	1.1B	1.3B	1.5B	1.6B	1.6B	1.8B
Inventory	146.5M	307M	268M	221M	178M	166M	145M	147M	188M	202M	199M	214M
Total current assets	1.4B	1.9B	2.3B	2.4B	1.9B	1.9B	1.5B	1.6B	1.9B	2B	1.9B	2.1B
Property, plant & equipment	88.9M	277M	291M	286M	266M	268M	219M	213M	231M	219M	469M	460M
Goodwill & intangibles	4.5B	15.8B	16.5B	15.6B	16.4B	16.5B	14.8B	15.8B	18.4B	18.9B	20B	21.2B
Total assets	3.9B	10.5B	11.3B	10.8B	10.7B	10.8B	9.9B	10.5B	12.1B	12.3B	13.1B	14.1B
Accounts payable	749.6M	2.1B	2.3B	2.3B	2.3B	2.3B	2.2B	2.3B	2.7B	2.9B	2.9B	3.1B
Short-term debt	626.9M	945M	428M	969M	1.2B	1B	701M	410M	874M	690M	1.2B	1.1B
Total current liabilities	1.7B	3.7B	3.6B	4B	4.3B	4.1B	3.5B	3.3B	4.3B	4.2B	4.7B	4.7B
Long-term debt	1.1B	4.5B	4.2B	3.4B	2.7B	2.8B	2.8B	3.5B	3.9B	4.5B	5.2B	5.8B
Total liabilities	3.4B	9.9B	9.6B	8.8B	8.4B	8.4B	7.9B	8.6B	10.1B	10.4B	11B	11.9B
Shareholders' equity	489.9M	632M	1.6B	2B	2.3B	2.4B	1.9B	1.8B	2B	1.9B	2.2B	2.2B
Total debt	1.7B	5.5B	4.6B	4.3B	3.9B	3.8B	3.5B	4B	4.8B	5.2B	6.4B	6.9B
Net debt	1.5B	5.1B	3.9B	3.5B	3.4B	3.4B	3.3B	3.8B	4.6B	5B	6.3B	6.8B

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.5B	1.9B	2B	2.1B	1.5B	1.9B	3.1B	2.7B	2.9B	3B
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	38M	39M	41M	32M	25M	45M	62.3M	56M	66M	63M
Change in working capital	-170M	39M	-96M	-130M	69M	-176M	-479.6M	-114M	-256M	-87M
Operating cash flow	1.5B	2.2B	1.9B	2B	1.7B	1.8B	2.8B	2.5B	2.6B	2.8B
Capital expenditure	-50M	-50M	-52M	-45M	-43M	-23M	-48.8M	-447M	-464M	-504M
Investing cash flow	-430M	-150M	-995M	-434M	-885M	-95M	-666.5M	-567M	-592M	-789M
Dividends paid	-683M	-762M	-796M	-842M	-880M	-920M	-1.3B	-1.1B	-1.1B	-1.2B
Share repurchases	-700M	-700M	-700M	-600M	-150M	0	-677.4M	-800M	-1B	-1.5B
Financing cash flow	-989M	-1.6B	-624M	-1.2B	-814M	-1.5B	-1.7B	-2B	-2B	-2B
Net change in cash	117M	411M	290M	335M	-18M	198M	471.4M	-90M	21M	49M
Free cash flow	1.3B	1.6B	1.6B	1.7B	1.2B	1.7B	2.7B	2B	2.1B	2.3B

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Split history

RELX PLC American Depositary Receipt Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Split history