The strong H1 results and reaffirmed guidance support a positive near-term outlook. Monitor the pace of the remaining £400m buyback and any currency headwinds. The continued shift to higher-margin analytics and AI-enabled tools underpins long-term growth.
Price Chart
Executive Summary
RELX PLC reported strong H1 2026 results with revenue of £4,871m (+7% underlying), adjusted operating profit of £1,727m (+9% underlying), and adjusted EPS of 68.6p (+11% constant currency). The interim dividend was raised 7% to 20.9p, and the company completed £1,750m of its £2,250m share buyback. Full-year guidance for strong underlying growth in revenue and adjusted operating profit was reaffirmed.
Key Facts
- Revenue £4,871m, underlying growth +7% (H1 2025: £4,741m)
- Adjusted operating profit £1,727m, underlying growth +9% (H1 2025: £1,652m)
- Adjusted EPS 68.6p, constant currency growth +11% (H1 2025: 63.5p)
- Interim dividend 20.9p, +7% (H1 2025: 19.5p)
- Completed £1,750m of £2,250m share buyback in H1; remaining £400m expected by year-end
- Net debt/EBITDA 2.3x; adjusted cash flow conversion 98%
- All segments delivered underlying revenue growth: Risk +8%, STM +6%, Legal +10%, Exhibitions +6%
- Full-year outlook reaffirmed: strong underlying growth in revenue and adjusted operating profit expected
Financial Impact
Revenue +3% reported (+7% underlying), adjusted operating profit +5% reported (+9% underlying), adjusted EPS +8% reported (+11% constant currency), dividend +7%
Risk Factors
- Currency headwinds from GBP strength against USD and EUR
- Net debt increased to £8,733m due to buybacks and acquisitions, leverage at 2.3x
- Geopolitical uncertainty in the Middle East could impact Exhibitions segment in H2
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000929869-26-000054 |
| Document: 0000929869-26-000054-index.html | 0000929869-26-000054 |
| Document: 0000929869-26-000054.txt | 0000929869-26-000054 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $40.54 $40.18 | ▼ −0.89% | ▼ −1.60% | $38.99 (−3.82%) |
Oct 22, 2026 5d ago | 6-K | $40.62 $40.54 | ▼ −0.20% | ▲ +0.33% | $38.99 (−4.01%) |
Oct 22, 2026 5d ago | 6-K | $40.62 $40.54 | ▼ −0.20% | ▲ +0.33% | $38.99 (−4.01%) |
Oct 1, 2026 26d ago | 6-K | $33.49 $33.42 | ▼ −0.21% | ▼ −0.95% | $38.99 (+16.42%) |
Sep 1, 2026 8w ago | 6-K | $35.70 $35.15 | ▼ −1.54% | ▼ −1.98% | $38.99 (+9.22%) |
Aug 27, 2026 8w ago | 6-K | $36.30 $36.54 | ▲ +0.66% | ▲ +0.89% | $38.99 (+7.41%) |
Aug 3, 2026 12w ago | 6-K | $36.16 $36.80 | ▲ +1.77% | ▼ −0.03% | $38.99 (+7.83%) |
Jul 23, 2026 13w ago | 6-K | $32.86 $34.41 | ▲ +4.72% | ▲ +4.62% | $38.99 (+18.65%) |
Jul 23, 2026 13w ago | 6-K | $32.86 $34.41 | ▲ +4.72% | ▲ +4.62% | $38.99 (+18.65%) |
Jul 1, 2026 16w ago | 6-K | $31.38 $31.93 | ▲ +1.75% | ▲ +1.88% | $38.99 (+24.25%) |
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