REG-RELX PLC TRADING UPDATE – October 2025

RelxAnnouncement

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TRADING UPDATE – October 2025

 

7.00am BST

23 October 2025

TRADING UPDATE – October 2025

RELX, the global provider of information-based analytics and decision tools,
reports strong underlying revenue growth for the first nine months of 2025 and
reaffirms the outlook for the full year.
 Highlights                                                                      
 
                                                                               
 
                                                                               
 *Underlying revenue growth year to date +7%                                     
 
*Our improving long-term growth trajectory, with a higher quality growth       
 profile, 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 deploy these tools by leveraging deep customer     
 understanding to combine leading content and data sets with powerful            
 artificial intelligence and other 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                                                                              
 
                                                                                 
 
                                                                                 
 *Underlying revenue growth YTD +8%.                                               
 
*Strong growth continues to be driven across segments by our deeply embedded,    
 AI-enabled analytics and decision tools.                                          
 
                                                                                 
 * In Business Services, strong growth continues to be driven by Financial         
 Crime                                                                             
 Compliance and digital Fraud & Identity solutions, with strong new sales.         
 
*In Insurance, strong growth continues to be driven by the further extension of  
 solution sets, positive market factors and strong new sales.                      
 
                                                                                 
 
                                                                                 
 *Full year outlook: We expect continued strong underlying revenue growth with     
 underlying adjusted operating profit growth slightly exceeding underlying         
 revenue growth.                                                                   
 
                                                                                 
                                                                                   
 
                                                                                 
 
Scientific, Technical & Medical                                                  
 
                                                                                 
 
                                                                                 
 *Underlying revenue growth YTD +5%.                                               
 
*Good growth, with developing momentum, continues to be driven by the evolution  
 of the business mix towards higher growth, higher value analytics and tools,      
 with renewals and new sales ahead of prior year across segments.                  
 
                                                                                 
 * In Databases, Tools & Electronic Reference, strong growth continues to          
 be                                                                                
 supported by the increasing pace of new product introductions. The recently       
 announced next generation end-to-end AI-powered researcher solution has           
 received very positive feedback.                                                  
 
*In Primary Research, good growth continues to be driven by volume growth, with  
 article submissions growing very strongly across the portfolio.                   
 
                                                                                 
 
                                                                                 
 *Full year outlook: We expect continued good underlying revenue growth with       
 underlying adjusted operating profit growth slightly exceeding underlying         
 revenue growth.                                                                   
 
                                                                                 
                                                                                   
 
                                                                                 
 
Legal                                                                            
 
                                                                                 
 
                                                                                 
 *Underlying revenue growth YTD +9%.                                               
 
*Strong growth continues to be driven by the shift in business mix towards       
 higher growth, higher value legal analytics and tools. Renewals and new sales     
 remain strong across all key segments.                                            
 
                                                                                 
 * In Law Firms & Corporate Legal, double-digit growth is being driven by          
 the                                                                               
 continued success of Lexis+ AI, our integrated generative AI platform.            
 Protégé, our next generation AI legal assistant, continues to see rapid           
 growth in usage and its expansion with our most recent launch, Protégé            
 General AI, has been very positively received.                                    
 
*In Government & Academic and News & Business, good growth continues 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                                                                      
 
                                                                                 
 
                                                                                 
 *Underlying revenue growth YTD +8%.                                               
 
*Continued strong growth reflects the improved growth profile of our event       
 portfolio and good progress on value-enhancing digital initiatives for our        
 customers.                                                                        
 
*Full year outlook: We expect continued 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

-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 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
our actual results 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; changes in the payment model for our scientific, technical and
medical research products or research integrity issues; 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 36,000 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 £64bn/€74bn/$86bn.



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