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AGM Trading Update - April 2026
7.00am BST
23 April 2026
AGM TRADING UPDATE
RELX, the global provider of information-based analytics and decision tools,
has issued the following update on trading ahead of the Annual General
Meeting, reaffirming the outlook for the full year.
Highlights
*RELX has started the year well across all four business areas and has
continued to deliver strong underlying revenue and profit growth, and strong
new sales
*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 continue to develop and launch these products by leveraging deep customer
understanding to combine our unique content and comprehensive data sets with
advanced artificial intelligence technologies
Full year outlook
*We continue to see positive momentum across the group, and we expect another
year of strong underlying growth in revenue and adjusted operating profit, as
well as strong growth in adjusted earnings per share on a constant currency
basis
Risk
* Strong underlying revenue growth continues to be driven across segments by our
deeply embedded, AI-enabled analytics and decision tools.
* Business Services continues to be driven by Financial Crime Compliance and
digital Fraud & Identity solutions, and strong new sales.
* Insurance continues to be driven by further innovation and adoption of
contributory databases and market-specific solutions, and strong new sales.
* Full year outlook: We expect continued strong underlying revenue growth with
underlying adjusted operating profit growth exceeding underlying revenue
growth.
Scientific, Technical & Medical
* Improving underlying revenue growth continues to be driven by the evolution of
the business mix towards higher growth, higher value analytics and tools, the
increasing pace of new product introductions, and strong new sales.
* Databases, Tools & Electronic Reference continues to be driven by higher
value-add analytics and decision tools, with continued rollout, adoption and
usage growth of our AI-enabled tools.
* Primary Research continues to be driven by volume growth, with article
submissions growing very strongly across the portfolio.
* Full year outlook: We expect good to strong underlying revenue growth with
underlying adjusted operating profit growth exceeding underlying revenue
growth.
Legal
* Strong underlying revenue growth continues to be driven by the shift in
business mix towards higher growth, higher value legal analytics and tools.
Renewals and new sales are strong across all key segments.
* In Law Firms & Corporate Legal, double-digit growth continues to be
driven
by the adoption and expansion of our core AI-enabled legal research and
analytics platform with its integrated agentic legal assistant (Lexis+ with
Protégé).
* Government & Academic and News & Business continue to be driven by the
further extension of analytics and decision tools.
* Full year outlook: We expect continued strong underlying revenue growth with
underlying adjusted operating profit growth exceeding underlying revenue
growth.
Exhibitions
* Strong underlying revenue growth continues to be driven by the improved
ongoing growth profile of our event portfolio, and good progress on
value-enhancing digital initiatives.
* Full year outlook: Notwithstanding the rescheduling of some events in the
Middle East, we continue to expect strong underlying revenue growth with an
improvement in adjusted operating margin over the prior full year.
Underlying revenue growth rates are calculated at constant currency, and
exclude revenue from acquisitions until twelve months after purchase, revenue
of disposals and assets held for sale, print and print-related revenue,
exhibition cycling, and timing effects. Underlying adjusted operating profit
growth rates are calculated on the same basis except that they do not exclude
exhibition cycling and timing effects. Constant currency growth rates are
based on 2025 full-year average and hedge exchange rates.
-ENDS-
ENQUIRIES: Paul Sullivan (Investors) Paul Abrahams (Media)
+44 (0)20 7166 5751
+44 (0)20 7166 5724
DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933, as amended, and Section 21E of
the US Securities Exchange Act of 1934, as amended. These statements are
subject to risks and uncertainties that could cause actual results or outcomes
of RELX PLC (together with its subsidiaries, “RELX”, “we” or
“our”) to differ materially from those expressed in any forward-looking
statement. We consider any statements that are not historical facts to be
“forward-looking statements”. The terms “outlook”, “estimate”,
“forecast”, “project”, “plan”, “intend”, “expect”,
“should”, “could”, “will”, “believe”, “trends” and similar
expressions may indicate a forward-looking statement. Important factors that
could cause actual results or outcomes to differ materially from estimates or
forecasts contained in the forward-looking statements include, among others:
regulatory and other changes regarding the collection or use of personal data;
changes in law and legal interpretation affecting our intellectual property
rights and internet communications; current and future geopolitical, economic
and market conditions; research integrity issues or changes in the payment
model for our scientific, technical and medical research products; competitive
factors in the industries in which we operate and demand for our products and
services; our inability to realise the future anticipated benefits of
acquisitions; compromises of our cybersecurity systems or other unauthorised
access to our databases; changes in economic cycles, trading relations,
communicable disease epidemics or pandemics, severe weather events, natural
disasters and terrorism; failure of third parties to whom we have outsourced
business activities; significant failure or interruption of our systems; our
inability to retain high-quality employees and management; changes in tax laws
and uncertainty in their application; exchange rate fluctuations; adverse
market conditions or downgrades to the credit ratings of our debt; changes in
the market values of defined benefit pension scheme assets and in the market
related assumptions used to value scheme liabilities; breaches of generally
accepted ethical business standards or applicable laws; and other risks
referenced from time to time in the filings of RELX PLC with the US Securities
and Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
announcement. Except as may be required by law, we undertake no obligation to
publicly update or release any revisions to these forward-looking statements
to reflect events or circumstances after the date of this announcement or to
reflect the occurrence of unanticipated events.
Notes for Editors
About RELX
RELX is a global provider of information-based analytics and decision tools
for professional and business customers. RELX serves customers in more than
180 countries and territories and has offices in about 40 countries. It
employs more than 37,000 people, around 40% of whom are in North America.
The shares of RELX PLC, the parent company, are traded on the London,
Amsterdam and New York stock exchanges using the following ticker symbols:
London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is
approximately £49bn/€56bn/$66bn.
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