Relx PLC (RELX) Financial Statements

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Relx financial statements at a glance

Relx reported revenue of 9.59 billion GBP for fiscal year 2025 (ended December 31, 2025), up 1.7% from fiscal year 2024. Net income was 2.07 billion GBP, a net margin of 21.5%, and diluted earnings per share were 1.12 GBP.

At the end of fiscal year 2025 it had total assets of 14.76 billion GBP, total liabilities of 12.37 billion GBP and shareholders' equity of 2.37 billion GBP, with cash and short-term investments of 131.00 million GBP and total debt of 7.27 billion GBP.

Its operations brought in 2.84 billion GBP of cash; capital spending was 525.00 million GBP, leaving free cash flow of 2.31 billion GBP.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in GBP; latest fiscal year ended December 31, 2025.

RELX logo

Relx PLC

RELXUnited Kingdom
Technology
GBP (Local)

Income Statement

Annual • GBP

Total Revenue
9.59B
Prev Year: 9.43B
YoY: +1.7%
Operating Revenue
9.59B
Prev Year: 9.43B
YoY: +1.7%
Total Unusual Items Excluding Goodwill
-19.00M
Prev Year: -28.00M
YoY: +32.1%
Total Unusual Items
-19.00M
Prev Year: -28.00M
YoY: +32.1%
Normalized EBITDA
3.71B
Prev Year: 3.57B
YoY: +3.7%
Tax Rate for Calcs
0.244
Prev Year: 0
Tax Effect of Unusual Items
-4.64M
Prev Year: -6.71M
YoY: +30.8%
Selling and Marketing Expense
1.51B
Prev Year: 1.47B
YoY: +2.8%
Cost of Revenue
3.23B
Prev Year: 3.30B
YoY: -2.0%
Gross Profit
6.36B
Prev Year: 6.13B
YoY: +3.6%
Operating Expense
3.37B
Prev Year: 3.32B
YoY: +1.7%
Selling General and Administrative
3.37B
Prev Year: 3.32B
YoY: +1.7%
General and Administrative Expense
1.86B
Prev Year: 1.85B
YoY: +0.9%
Operating Income
2.98B
Prev Year: 2.82B
YoY: +5.9%
Net Non Operating Interest Income Expense
-258.00M
Prev Year: -276.00M
YoY: +6.5%
Non-operating Interest Income
12.00M
Prev Year: 6.00M
YoY: +100.0%
Non-operating Interest Expense
273.00M
Prev Year: 281.00M
YoY: -2.8%
Total Other Finance Cost
-3.00M
Prev Year: 1.00M
YoY: -400.0%
Special Income Charges
-3.00M
Other Special Charges
3.00M
Pre-tax Income
2.75B
Prev Year: 2.56B
YoY: +7.5%
Provision for Income Taxes
672.00M
Prev Year: 613.00M
YoY: +9.6%
Net Income Common Stockholders
2.06B
Prev Year: 1.93B
YoY: +6.8%
Net Income
2.06B
Prev Year: 1.93B
YoY: +6.8%
Net Income Including Non-Controlling Interests
2.08B
Prev Year: 1.94B
YoY: +6.9%
Net Income from Continuing Operations
2.08B
Prev Year: 1.94B
YoY: +6.9%
Noncontrolling Interests
-13.00M
Prev Year: -10.00M
YoY: -30.0%
Diluted NI Available to Com Stockholders
2.06B
Prev Year: 1.93B
YoY: +6.8%
Basic EPS
1.126
Prev Year: 1.04
YoY: +8.3%
Diluted EPS
1.12
Prev Year: 1.03
YoY: +8.7%
Weighted Average Shares (basic)
1.83B
Prev Year: 1.87B
YoY: -1.7%
Weighted Average Shares (diluted)
1.84B
Prev Year: 1.88B
YoY: -1.8%
Total Operating Income as Reported
3.03B
Prev Year: 2.86B
YoY: +5.8%
Total Expenses
6.61B
Prev Year: 6.62B
YoY: -0.1%
Rent Expense (supplemental)
-
Net Income from Continuing and Discontinued Operation
2.06B
Prev Year: 1.93B
YoY: +6.8%
Normalized Income
2.08B
Prev Year: 1.96B
YoY: +6.3%
Interest Income
12.00M
Prev Year: 6.00M
YoY: +100.0%
Interest Expense
273.00M
Prev Year: 281.00M
YoY: -2.8%
Net Interest Income
-258.00M
Prev Year: -276.00M
YoY: +6.5%
EBIT
3.02B
Prev Year: 2.84B
YoY: +6.5%
EBITDA
3.69B
Prev Year: 3.54B
YoY: +4.0%
Reconciled Cost of Revenue
3.23B
Prev Year: 3.30B
YoY: -2.0%
Reconciled Depreciation
663.00M
Prev Year: 706.00M
YoY: -6.1%
Net Income from Continuing Operation Net Minority Interest
2.06B
Prev Year: 1.93B
YoY: +6.8%
Values in GBP

Relx key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue9.6B GBP9.4B GBP9.2B GBP8.6B GBP7.2B GBP
Gross profit6.4B GBP6.1B GBP5.9B GBP5.5B GBP4.7B GBP
Operating income3.0B GBP2.8B GBP2.6B GBP2.3B GBP1.9B GBP
Net income2.1B GBP1.9B GBP1.8B GBP1.6B GBP1.5B GBP
Diluted EPS1.12 GBP1.03 GBP0.94 GBP0.85 GBP0.76 GBP
Total assets14.8B GBP15.1B GBP14.9B GBP15.8B GBP13.9B GBP
Total liabilities12.4B GBP11.6B GBP11.5B GBP12.1B GBP10.6B GBP
Shareholders' equity2.4B GBP3.5B GBP3.5B GBP3.8B GBP3.2B GBP
Cash and short-term investments131.0M GBP119.0M GBP155.0M GBP334.0M GBP113.0M GBP
Total debt7.3B GBP6.5B GBP6.5B GBP6.7B GBP6.2B GBP
Operating cash flow2.8B GBP2.6B GBP2.5B GBP2.4B GBP2.0B GBP
Capital spending525.0M GBP484.0M GBP477.0M GBP436.0M GBP337.0M GBP
Free cash flow2.3B GBP2.1B GBP2.0B GBP2.0B GBP1.7B GBP

In GBP. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Relx's revenue in fiscal year 2025?

9.59 billion GBP, up 1.7% from 9.43 billion GBP in fiscal year 2024.

How much profit does Relx make?

Relx reported net income of 2.07 billion GBP for fiscal year 2025 (21.5% of revenue); operating income was 2.98 billion GBP.

How much cash and debt does Relx have?

At the end of fiscal year 2025: cash and short-term investments of 131.00 million GBP and total debt of 7.27 billion GBP.

What is Relx's free cash flow?

2.31 billion GBP in fiscal year 2025 (operating cash flow of 2.84 billion GBP minus capital spending of 525.00 million GBP).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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