RELX plc (GB:REL)
LSE:REL
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RELX plc
(LSE:REL)
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Rating:74Outperform
Price Target:
2,914.00 p
▲(7.13% Upside)
Action:Reiterated
Date:03/26/26
The score is driven primarily by strong financial performance (high margins and robust free cash flow) and constructive earnings-call guidance with significant capital returns. These positives are tempered by weak technicals (broad downtrend and negative momentum) and the balance-sheet leverage risk, while valuation remains supportive.
Positive Factors
Cash generation
RELX’s strong and steady cash generation — very high cash conversion and multi‑billion pound free cash flow — provides durable funding for reinvestment, organic product development, dividends and buybacks. This sustains strategic optionality and resilience through cycles.
Negative Factors
Elevated leverage
High leverage and a declining equity base reduce financial flexibility and increase sensitivity to shocks. While profits and cash flow are strong, elevated net debt limits ability to pursue large inorganic deals, raises refinancing risk and constrains capital allocation in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
RELX’s strong and steady cash generation — very high cash conversion and multi‑billion pound free cash flow — provides durable funding for reinvestment, organic product development, dividends and buybacks. This sustains strategic optionality and resilience through cycles.
Read all positive factors
RELX plc (REL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£40.82B
Dividend Yield2.13%
Average Volume (3M)4.73M
Price to Earnings (P/E)20.8
Beta (1Y)0.67
Revenue Growth1.65%
EPS Growth8.61%
CountryUK
Employees34,580
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)1.13
Shares Outstanding1,758,182,500
10 Day Avg. Volume6,060,784
30 Day Avg. Volume4,731,733
Financial Highlights & Ratios
PEG Ratio3.09
Price to Book (P/B)23.41
Price to Sales (P/S)5.78
P/FCF Ratio19.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,225.00Price Target Upside18.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.41
Revenue Forecast (FY)£10.11B
RELX plc Business Overview & Revenue Model
Company Description
RELX PLC is a global enterprise that furnishes professional and business clients with sophisticated information-based analytics and decision-making instruments across North America, Europe, and other international markets. Its operations are organ...
How the Company Makes Money
RELX primarily generates revenue by selling information, analytics, and workflow tools that help customers make decisions and manage risk. In Risk, it earns money from subscriptions and usage-based fees for access to proprietary datasets, identity...
RELX plc Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call communicated broad, multi-divisional operational momentum with double-digit EPS growth at constant currency, margin expansion, strong cash generation, and targeted AI-enabled product adoption—notably in Legal and Risk. Headwinds include portfolio and print-related reporting impacts, currency effects reducing sterling-reported growth, and investor concerns about competition in AI workflow tools. Overall, the positives (strong growth, margins, cash returns, and product traction) materially outweigh the challenges.Positive Updates
Strong Group Financial Performance
Underlying revenue growth 7%; underlying adjusted operating profit growth 9%; adjusted operating margin improved by ~90 basis points to 34.8%; adjusted EPS up 10% at constant currency (128.5p) and up 7% in sterling.
Negative Updates
Reported Revenue Impacted by Portfolio and Print Changes
Total revenue growth at constant currency was 4% after portfolio effects in Risk, Legal and Exhibitions and a >20% reduction in print-related revenue. In sterling, total revenue growth was 2% due to a stronger pound versus the dollar.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Group Financial Performance
Underlying revenue growth 7%; underlying adjusted operating profit growth 9%; adjusted operating margin improved by ~90 basis points to 34.8%; adjusted EPS up 10% at constant currency (128.5p) and up 7% in sterling.
Read all positive updates
Company Guidance
Management guidance is for another year of "strong" underlying revenue growth with underlying adjusted operating profit growth exceeding revenue growth across the group and in each division (Risk, STM, Legal, Exhibitions) — STM described as "good to strong" and Exhibitions also expecting an improvement in adjusted operating margin versus the prior year — and for continued strong constant‑currency adjusted EPS growth. Capital allocation guidance: organic development remains the priority with CapEx ~5% of revenue, selective M&A only where strategic (10‑year average ~£400m pa; 2025 acquisition spend £270m), dividend policy ~half of adjusted earnings with the FY25 dividend increased 7% to 67.5p, and continued surplus returns via buybacks (£2.25bn announced for 2026, £250m deployed to date, after completion of a £1.5bn buyback in 2025). Context and targets cited include FY25 underlying revenue +7%, underlying adjusted operating profit +9% (group adjusted operating margin up ~90 basis points to 34.8%), adjusted EPS +10% at constant currency (128.5p), cash conversion 99%, EBITDA >£3.8bn, CapEx £525m (~5% of revenue), free cash flow >£2.3bn, year‑end net debt £7.2bn and net debt/EBITDA (incl. pensions, $) 2.0x (bottom of 2–2.5x range); they also expect print‑related profit to continue declining in the high single digits annually and will keep cost growth below revenue growth.RELX plc Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
62
Positive
Cash Flow
88
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.59B | 9.43B | 9.16B | 8.55B | 7.24B |
| Gross Profit | 6.11B | 6.13B | 5.95B | 5.51B | 4.68B |
| EBITDA | 3.69B | 3.54B | 3.31B | 3.06B | 2.65B |
| Net Income | 2.06B | 1.93B | 1.78B | 1.63B | 1.47B |
Balance Sheet | |||||
| Total Assets | 14.76B | 15.13B | 14.92B | 15.83B | 13.86B |
| Cash, Cash Equivalents and Short-Term Investments | 131.00M | 119.00M | 155.00M | 334.00M | 113.00M |
| Total Debt | 7.33B | 6.54B | 6.50B | 6.73B | 6.17B |
| Total Liabilities | 12.37B | 11.63B | 11.48B | 12.07B | 10.63B |
| Stockholders Equity | 2.37B | 3.48B | 3.46B | 3.78B | 3.23B |
Cash Flow | |||||
| Free Cash Flow | 2.85B | 2.12B | 2.00B | 1.97B | 1.68B |
| Operating Cash Flow | 2.88B | 2.61B | 2.46B | 2.40B | 2.02B |
| Investing Cash Flow | -829.00M | -575.00M | -569.00M | -859.00M | -384.00M |
| Financing Cash Flow | -2.03B | -2.06B | -2.06B | -1.33B | -1.61B |
RELX plc Technical Analysis
Negative
2720.00
Price Trends
2518.36
Negative
2452.07
Negative
2808.19
Negative
Market Momentum
-34.11
Positive
37.62
Neutral
6.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:REL, the sentiment is Negative. The current price of 2720 is above the 20-day moving average (MA) of 2475.10, above the 50-day MA of 2518.36, and below the 200-day MA of 2808.19, indicating a bearish trend. The MACD of -34.11 indicates Positive momentum. The RSI at 37.62 is Neutral, neither overbought nor oversold. The STOCH value of 6.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:REL.
RELX plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £516.32M | 19.12 | 12.74% | 3.26% | -9.72% | 6.73% | |
74 Outperform | £40.82B | 20.78 | 90.85% | 2.13% | 1.65% | 8.61% | |
65 Neutral | £6.78B | 21.77 | 9.26% | 2.32% | 0.70% | -22.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £161.90M | -1.24 | -21.91% | 11.37% | -3.75% | -346.47% | |
60 Neutral | £10.97B | 222.19 | 0.87% | 2.34% | 13.74% | -95.47% | |
53 Neutral | £268.72M | -2.71 | -12.22% | 15.28% | -0.86% | -481.50% |
* Industrials Sector Average
GB:REL
RELX plc
2,348.00
-1,467.04
-38.45%
GB:BMY
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631.00
131.80
26.40%
GB:INF
Informa
871.00
84.23
10.71%
GB:PSON
Pearson
1,132.00
99.63
9.65%
GB:RWS
RWS Holdings
70.45
-12.96
-15.54%
GB:RCH
Reach plc
51.20
-12.67
-19.84%
RELX plc Corporate Events
Business Operations and StrategyStock Buyback
RELX Expands 2026 Share Buyback with New £200 Million Programme
Positive
Jun 9, 2026
RELX plc has launched a new irrevocable, non-discretionary share buyback programme running from 9 June to 26 June 2026, under which it plans to repurchase £200 million of its ordinary shares. This follows the completion of a prior £150 m...
Business Operations and StrategyStock Buyback
RELX steps up capital return with further share buybacks
Positive
Jun 8, 2026
RELX plc has continued its share buyback programme, repurchasing 2,951,292 ordinary shares on the London Stock Exchange between 1 and 5 June 2026 through ABN AMRO Bank. The shares, which will be held in treasury, were bought at volume-weighted ave...
Regulatory Filings and Compliance
RELX Updates Total Voting Rights After Treasury Share Holdings
Neutral
Jun 1, 2026
RELX PLC has reported that, as of 29 May 2026, its issued share capital comprises 1,828,459,475 ordinary shares, of which 60,347,838 are held in treasury, leaving 1,768,111,637 shares carrying voting rights. This updated voting rights figure provi...
Business Operations and StrategyStock Buyback
RELX expands 2026 share buyback, lifting treasury stock to 61.6m shares
Positive
Jun 1, 2026
RELX PLC has continued its capital management programme by repurchasing 2,447,292 ordinary shares between 26 and 29 May 2026 on the London Stock Exchange via ABN AMRO Bank N.V., with the shares to be held in treasury. Following these transactions,...
Business Operations and StrategyDividends
RELX Sets Euro Equivalent for 2025 Final Dividend Ahead of June Payout
Positive
Jun 1, 2026
RELX plc has confirmed the euro equivalent of its previously announced final dividend for the 2025 financial year, setting the payout at €0.553 per share for shareholders receiving distributions in euros, versus 48.0 pence per share for thos...
Business Operations and StrategyStock Buyback
RELX Expands Treasury Stock with Latest £ Share Buybacks
Positive
May 26, 2026
RELX plc has continued its share buyback activity, repurchasing 3,293,200 ordinary shares on the London Stock Exchange between 18 and 22 May 2026 via J.P. Morgan Securities. The shares, bought at volume-weighted average prices between about 2,458p...
Business Operations and StrategyStock Buyback
RELX Launches New £150m Non-Discretionary Share Buyback as Part of £2.25bn 2026 Programme
Positive
May 26, 2026
RELX plc has launched an irrevocable, non-discretionary share buyback programme to repurchase ordinary shares between 26 May and 8 June 2026, with a planned spend of £150 million, following the recent completion of a £350 million program...
Business Operations and StrategyDelistings and Listing Changes
RELX Seeks LSE Admission for New Shares Under 2023 Employee Plan
Positive
May 19, 2026
RELX plc has applied to the London Stock Exchange for a block admission of 75,000 new ordinary shares to support its 2023 Sharesave Plan, a share scheme offered to employees. The new shares, which will rank equally with existing stock, are expecte...
Business Operations and StrategyStock Buyback
RELX expands treasury stock with latest share buyback tranche
Positive
May 18, 2026
RELX plc has continued its share buyback programme, purchasing 3,442,513 ordinary shares on the London Stock Exchange between 11 and 15 May 2026 through J.P. Morgan Securities, with the shares to be held in treasury. Following these transactions, ...
Business Operations and StrategyStock Buyback
RELX Expands 2026 Buyback With New Treasury Share Purchases
Positive
May 11, 2026
RELX plc has continued its share buyback programme, repurchasing 2,594,000 ordinary shares on the London Stock Exchange between 5 and 8 May 2026 through J.P. Morgan Securities. The shares, acquired at volume-weighted average prices ranging from ab...
Business Operations and StrategyStock Buyback
RELX buys back over 3.1 million shares, lifts 2026 total to 45.7 million
Positive
May 5, 2026
RELX plc has continued its share buyback programme, repurchasing 3,111,937 ordinary shares on the London Stock Exchange between 27 April and 1 May 2026 through J.P. Morgan Securities plc, with the shares to be held in treasury. Following these tra...
Regulatory Filings and Compliance
RELX Updates Total Voting Rights After Treasury Share Holdings
Neutral
May 1, 2026
RELX PLC has reported that, as of 30 April 2026, its issued share capital comprises 1,828,450,354 ordinary shares, of which 47,920,140 shares are held in treasury by the company. After excluding these treasury shares, the total number of voting ri...
Executive/Board Changes
RELX Grants New Performance-Based Share Awards to Executive Directors
Neutral
Apr 27, 2026
RELX plc has confirmed that, following shareholder approval of its 2026 directors’ remuneration policy, it has granted additional share awards for the 2026–2028 long-term incentive plan cycle to its executive directors, including Erik ...
Business Operations and StrategyStock Buyback
RELX Continues 2026 Buyback With 4 Million-Share Repurchase
Positive
Apr 27, 2026
RELX PLC has continued its share buyback activity, repurchasing 4,033,569 ordinary shares on the London Stock Exchange between 20 and 24 April 2026 through J.P. Morgan Securities. The shares, bought at volume-weighted average prices ranging from r...
Private Placements and FinancingRegulatory Filings and Compliance
RELX Seeks Block Admission for New Shares Under Employee Purchase Plan
Positive
Apr 27, 2026
RELX PLC has applied to the London Stock Exchange for a block admission of 70,000 ordinary shares, which will be issued under the company’s 2023 Employee Share Purchase Plan. The new shares, expected to be admitted to trading on 30 April 202...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
RELX Wins Strong Shareholder Backing at 2026 AGM
Positive
Apr 23, 2026
RELX plc reported that all 21 resolutions put to shareholders at its 2026 Annual General Meeting were passed, with participation representing around 84% of the issued share capital. Investors endorsed the receipt of the 2025 annual report, a final...
Business Operations and StrategyStock Buyback
RELX Launches Next £350 Million Tranche in 2026 Share Buyback Plan
Positive
Apr 23, 2026
RELX plc has launched an irrevocable, non-discretionary programme to repurchase £350 million of its ordinary shares between 23 April and 22 May 2026, following the completion of a similar £350 million tranche a day earlier. These buyback...
Business Operations and StrategyFinancial Disclosures
RELX Signals Strong 2026 Momentum on AI-Driven Growth Across All Divisions
Positive
Apr 23, 2026
RELX reported a strong start to 2026 across all four of its business areas, underpinned by robust underlying revenue and profit growth and solid new sales. Management highlighted that its long-term growth trajectory is being driven by an ongoing s...
Business Operations and StrategyStock Buyback
RELX Expands Share Buyback, Adding Over 2.1 Million Shares to Treasury
Positive
Apr 20, 2026
RELX plc has continued its share buyback programme, repurchasing 2,127,918 ordinary shares on the London Stock Exchange between 13 and 17 April 2026 via J.P. Morgan Securities, with the shares to be held in treasury rather than cancelled. Followin...
Business Operations and StrategyStock Buyback
RELX Expands 2026 Share Buyback With Further Treasury Purchases
Positive
Apr 13, 2026
RELX plc has continued its share buyback activity, repurchasing 2,644,056 ordinary shares on the London Stock Exchange between 7 and 10 April 2026 through J.P. Morgan Securities. The shares, bought at volume-weighted average prices ranging from ab...
Business Operations and StrategyStock Buyback
RELX Expands Share Buyback, Lifts Treasury Stock to Nearly 38 Million Shares
Positive
Apr 7, 2026
RELX plc has continued its share buyback programme, purchasing 2,715,174 ordinary shares on the London Stock Exchange between 30 March and 2 April 2026 through J.P. Morgan Securities. The shares, bought at volume-weighted average prices ranging fr...
Business Operations and StrategyRegulatory Filings and Compliance
RELX Updates Total Voting Rights and Share Capital Structure
Neutral
Apr 1, 2026
RELX plc has confirmed that, as of 31 March 2026, its issued share capital comprises 1,828,378,899 ordinary shares, of which 35,163,923 are held in treasury. This leaves 1,793,214,976 shares carrying voting rights, setting the current baseline for...
Business Operations and StrategyStock Buyback
RELX Expands Treasury Stock With Latest Share Buybacks
Positive
Mar 30, 2026
RELX plc has repurchased 3,429,500 of its ordinary shares on the London Stock Exchange between 23 and 27 March 2026 through J.P. Morgan Securities, with the shares to be held in treasury. Following these transactions, the company now holds 35,163,...
Business Operations and StrategyDelistings and Listing Changes
RELX Seeks LSE Admission for New Shares to Fund Employee Plan
Positive
Mar 26, 2026
RELX plc has applied to the London Stock Exchange for a block admission of 72,000 ordinary shares to be used for the RELX PLC Employee Share Purchase Plan 2023. The new shares, expected to be admitted to trading on 30 March 2026, will be listed on...
Stock Buyback
RELX Launches £350m Tranche in 2026 Share Buyback Programme
Positive
Mar 23, 2026
RELX plc has launched an irrevocable, non-discretionary share buyback programme to repurchase its ordinary shares between 23 March and 22 April 2026, with planned spending of £350 million during this period. The shares acquired are intended t...
Business Operations and StrategyStock Buyback
RELX Adds to Treasury Stock with Further Share Buyback
Positive
Mar 20, 2026
RELX plc has continued its share buyback programme, repurchasing 506,280 ordinary shares on 20 March 2026 via UBS AG London Branch for holding in treasury. The transaction brings its treasury stock to 31.7 million shares and leaves 1.80 billion sh...
Business Operations and StrategyStock Buyback
RELX expands treasury stock with latest share buyback
Positive
Mar 19, 2026
RELX plc has continued its share buyback activity, purchasing 481,561 ordinary shares on 19 March 2026 on the London Stock Exchange through UBS AG London Branch, at a volume-weighted average price of 2,539.2527 pence. The shares will be held in tr...
Business Operations and StrategyStock Buyback
RELX Expands Treasury Stock with Further Share Buybacks
Positive
Mar 18, 2026
RELX PLC has continued its share buyback activity, purchasing 480,024 ordinary shares on 18 March 2026 via UBS AG London Branch, at a volume-weighted average price of 2,585.6266 pence. The shares will be held in treasury, taking its treasury stock...
Business Operations and StrategyStock Buyback
RELX Adds to Buyback as Treasury Stock Climbs Past 30 Million Shares
Positive
Mar 17, 2026
RELX plc has continued its share buyback programme, repurchasing 487,344 ordinary shares on 17 March 2026 via UBS AG’s London branch at a volume-weighted average price of 2,591.1464 pence. The latest transaction, with prices ranging between ...
Business Operations and StrategyStock Buyback
RELX Continues 2026 Buyback With New Treasury Share Purchase
Positive
Mar 16, 2026
RELX plc has continued its share buyback programme, repurchasing 487,435 ordinary shares on 16 March 2026 via UBS AG’s London branch, at prices ranging between 2,540p and 2,583p and an average price of about 2,562p per share. The shares will...
Business Operations and StrategyStock Buyback
RELX adds to buyback with fresh £2.56bn-equivalent share repurchase tranche
Positive
Mar 13, 2026
RELX plc continued its ongoing share buyback programme on 13 March 2026, repurchasing 477,550 ordinary shares on the London Stock Exchange via UBS AG London Branch, at prices ranging between 2,524p and 2,591p and a volume-weighted average price of...
Business Operations and StrategyStock Buyback
RELX Continues 2026 Buyback With Fresh £12.4m Share Repurchase
Positive
Mar 12, 2026
RELX plc has repurchased 476,272 of its own ordinary shares on the London Stock Exchange via UBS AG London Branch, paying a volume-weighted average price of about 2,606 pence per share. The shares will be held in treasury, lifting the company̵...
Business Operations and StrategyStock Buyback
RELX Buys Back 500,000 Shares, Lifts 2026 Treasury Total
Positive
Mar 11, 2026
RELX plc has continued its share buyback activity, purchasing 500,000 ordinary shares on 11 March 2026 via UBS AG London Branch on the London Stock Exchange, at prices ranging from 2,587p to 2,644p and a volume-weighted average of 2,611.7543p. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.