RELX (REL) investor relations material

Financial performance and growth

• Achieved H1 2026 revenue of £9.6bn, adjusted operating profit of £3.3bn, and EBITDA margin of 40.1%.

• Underlying revenue grew 7%, adjusted operating profit up 9%, and adjusted EPS up 11% in H1 2026.

• Cash flow conversion remained high at 99%, with net debt/EBITDA at 2.0x.

• All four business segments—Risk, STM, Legal, and Exhibitions—delivered positive revenue and profit growth.

• Sustained long-term growth trajectory, with cost growth managed below revenue growth.

Strategic direction and innovation

• Focused on developing sophisticated analytics and decision tools for professional and business customers.

• Organic growth is the primary strategy, supported by targeted acquisitions.

• Ongoing shift in business mix toward higher-growth analytics and decision tools.

• Leveraging AI and advanced technologies to accelerate product development and enhance customer value.

• Technology spend exceeds $2bn annually, with over 12,000 technologists and 15+ years of AI/ML experience.

Segment highlights

• Risk segment delivered 8% revenue growth, driven by advanced analytics for fraud prevention, insurance, and compliance.

• STM segment grew 6%, supporting scientific and healthcare advancements with high-quality data and analytics.

• Legal segment achieved 10% revenue growth, expanding analytics, decision tools, and integrated AI-driven platforms.

• Exhibitions segment grew 6%, combining digital tools and in-person events to connect customers globally.