RELX PLC

EDGAR

Annual consolidated revenue for 2025: about Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.59B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.434B.

Watchlist

Latest fiscal year

Revenue

9.59 billion Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025 · Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact inputs and evidence
  • Revenue: 9590000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source

Operating margin

31.56%

2025 · %

Exact inputs and evidence
  • Operating Income: 3027000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source
  • Revenue: 9590000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source

Operating cash flow

2.84 billion Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025 · Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact inputs and evidence
  • Operating Cash Flow: 2836000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source

Free cash flow

2.82 billion Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025 · Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact inputs and evidence
  • Operating Cash Flow: 2836000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source
  • Capital Expenditure: 21000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source
Cash and cash equivalents
131 million Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Source
Exact value

131000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-01.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 5 of 11 periods available· newest 2025-12-31
  • Operating income: 5 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.7%

    Prior period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.43 billion

    –

    Current period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.59 billion

    –

    Exact inputs and evidence

    9590000000 − 9434000000 = 156000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

    9434000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9590000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2025-01-01 – 2025-12-31

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  • Net income

    +6.8%

    Prior period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 1.93 billion

    –

    Current period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.07 billion

    –

    Exact inputs and evidence

    2065000000 − 1934000000 = 131000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

    1934000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2024-01-01 – 2024-12-31

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    2065000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +8.7%

    Prior period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.61 billion

    –

    Current period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.84 billion

    –

    Exact inputs and evidence

    2836000000 − 2608000000 = 228000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

    2608000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2024-01-01 – 2024-12-31

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    2836000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +5%

    Prior period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 20 million

    –

    Current period

    Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 21 million

    –

    Exact inputs and evidence

    21000000 − 20000000 = 1000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

    20000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2024-01-01 – 2024-12-31

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    21000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.59 billion 100% of revenue
  • Operating costs Derived Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 6.56 billion 68% of revenue
  • Operating income Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 3.03 billion 32% of revenue
  • Tax, interest and other Derived Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 962 million 10% of revenue
  • Net income Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.07 billion 22% of revenue

Cash

  • Operating cash flow Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.84 billion 30% of revenue
  • Capital expenditure Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 21 million 0.2% of revenue
  • Free cash flow Derived Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.82 billion 29% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 19%9.8%71%
  • 2024 21%9.8%70%
  • 2025 22%10%68%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2021 2021-01-01 – 2021-12-317244000000 5360000000 Derived 1884000000 UnavailableUnavailableUnavailable
Source
2022 2022-01-01 – 2022-12-318553000000 6230000000 Derived 2323000000 UnavailableUnavailableUnavailable
Source
2023 2023-01-01 – 2023-12-319161000000 6479000000 Derived 2682000000 901000000 Derived 1781000000 2427000000 Derived
Source
2024 2024-01-01 – 2024-12-319434000000 6573000000 Derived 2861000000 927000000 Derived 1934000000 2588000000 Derived
Source
2025 2025-01-01 – 2025-12-319590000000 6563000000 Derived 3027000000 962000000 Derived 2065000000 2815000000 Derived
Source

Amounts are exact, in Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 9.6B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.4B7.8B5.2B2.6B0.020212022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q)Source evidence
2021Revenue7244000000
2022Revenue8553000000
2023Revenue9161000000
2024Revenue9434000000
2025Revenue9590000000

Revenue growth

Change in revenue from the same financial period one year earlier.

1.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.5%14.6%9.8%4.9%0.0%20212022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2021Year over yearNo prior comparable period
2022Year over year18.1%
2023Year over year7.1%
2024Year over year3%
2025Year over year1.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 31.6% 2025
Net margin 21.5% 2025
Free cash flow margin 29.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.1%25.6%17.0%8.5%0.0%20212022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2021Operating margin26%
2022Operating margin27.2%
2023Operating margin29.3%
2024Operating margin30.3%
2025Operating margin31.6%
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023Net margin19.4%
2024Net margin20.5%
2025Net margin21.5%
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow margin26.5%
2024Free cash flow margin27.4%
2025Free cash flow margin29.4%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.8B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.1B2.3B1.5B765.7M0.020212022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q)Source evidence
2021Operating cash flowNot reportedNo source recorded
2022Operating cash flowNot reportedNo source recorded
2023Operating cash flow2457000000
2024Operating cash flow2608000000
2025Operating cash flow2836000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.8B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B2.3B1.5B760.1M0.020212022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q)Source evidence
2021Free cash flowUnavailableNo source recorded
2022Free cash flowUnavailableNo source recorded
2023Free cash flow2427000000
2024Free cash flow2588000000
2025Free cash flow2815000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

83.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.91%68%45%23%0%2021-12-312022-12-312023-12-3120242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2021-12-31Liabilities / assetsNot reportedNo source recorded
2022-12-31Liabilities / assetsNot reportedNo source recorded
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets76.8%
2025Liabilities / assets83.8%

Current assets to current liabilities

Current assets divided by current liabilities.

0.49× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.0.57×0.42×0.28×0.14×0.00×2021-12-312022-12-312023-12-3120242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities0.52×
2025Current assets / current liabilities0.49×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 1.78 billion
Exact value

Exact value: 1781000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2023-01-01 – 2023-12-31: 1781000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Net Income Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.46 billion
Exact value

Exact value: 2457000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2023-01-01 – 2023-12-31: 2457000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Operating Cash Flow Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 30 million
Exact value

Exact value: 30000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2023-01-01 – 2023-12-31: 30000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Capital Expenditure Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.43 billion
Calculation and evidence

2457000000 − 30000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact free cash flow: 2427000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

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2024 2024-01-01 – 2024-12-31
Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 1.93 billion
Exact value

Exact value: 1934000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2024-01-01 – 2024-12-31: 1934000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Net Income Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.61 billion
Exact value

Exact value: 2608000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2024-01-01 – 2024-12-31: 2608000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Operating Cash Flow Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 20 million
Exact value

Exact value: 20000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2024-01-01 – 2024-12-31: 20000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Capital Expenditure Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.59 billion
Calculation and evidence

2608000000 − 20000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact free cash flow: 2588000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

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2025 2025-01-01 – 2025-12-31
Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.07 billion
Exact value

Exact value: 2065000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025-01-01 – 2025-12-31: 2065000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Net Income Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.84 billion
Exact value

Exact value: 2836000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025-01-01 – 2025-12-31: 2836000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Operating Cash Flow Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 21 million
Exact value

Exact value: 21000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

2025-01-01 – 2025-12-31: 21000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q Inspect Capital Expenditure Open source
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Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q 2.82 billion
Calculation and evidence

2836000000 − 21000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

Exact free cash flow: 2815000000 Unit_Standard_GBP_z-63PyK0v0a74_Z4leUs8Q

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

2,702 filings · 1,346 latest values · 1,346 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000929869, 929869, REL, RELX, RLXXF, edgar:929869

Also known as REED ELSEVIER NV, REED ELSEVIER PLC, REED INTERNATIONAL PLC, RELX PLC