RELX PLC (RELX) Income Statement
RELX 2025 at a glance
Fiscal year ended December 31, 2025 · British poundsRELX revenue and net income
Where RELX's revenue goes
2025Each bar shows an amount and its share of revenue. RELX kept 21.5% of revenue as net income.
RELX profit margins
RELX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.7% | +3.9% | +6.2% | +4.9% |
| Gross profit | −0.4% | +3.5% | +5.7% | +4.7% |
| Operating income | +4.3% | +8.7% | +14.4% | +7.1% |
| Net income | +6.8% | +8.1% | +11.0% | +7.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RELX income statement in British pounds
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £9.59B | £9.43B | £9.16B | £8.55B | £7.24B | £7.11B | £7.87B | £7.49B | £7.36B | £6.89B |
| Cost of revenue | £3.48B | £3.30B | £3.22B | £3.04B | £2.56B | £2.49B | £2.75B | £2.64B | £2.63B | £2.49B |
| Gross profit | £6.11B | £6.13B | £5.95B | £5.51B | £4.68B | £4.62B | £5.12B | £4.85B | £4.72B | £4.41B |
| Research & development | £352.0M | £364.0M | £330.0M | £309.0M | £295.0M | — | £0 | £0 | £203.0M | £189.0M |
| Sales, general & admin | £1.86B | £1.85B | £1.85B | £1.82B | £1.63B | £3.11B | £3.06B | £2.92B | £1.69B | £1.63B |
| Total operating expenses | £3.13B | £3.27B | £3.26B | £3.20B | £2.83B | £3.11B | £3.06B | £2.92B | £2.86B | £2.74B |
| Operating income | £2.98B | £2.86B | £2.68B | £2.32B | £1.88B | £1.52B | £2.10B | £1.96B | £1.91B | £1.71B |
| Interest income | £12.0M | £6.0M | £8.0M | £4.0M | £8.0M | £3.0M | £5.0M | £6.0M | £3.0M | £6.0M |
| Interest expense | £298.0M | £281.0M | £300.0M | £182.0M | £150.0M | £151.0M | £301.0M | £197.0M | £181.0M | £203.0M |
| Income before taxes | £2.75B | £2.56B | £2.29B | £2.11B | £1.80B | £1.48B | £1.85B | £1.72B | £1.73B | £1.47B |
| Income taxes | £672.0M | £613.0M | £507.0M | £481.0M | £326.0M | £275.0M | £338.0M | £292.0M | £67.0M | £304.0M |
| Net income | £2.06B | £1.93B | £1.78B | £1.63B | £1.47B | £1.22B | £1.50B | £1.42B | £1.66B | £1.16B |
| EBITDA | £3.75B | £3.62B | £3.37B | £3.06B | £2.65B | £2.48B | £2.83B | £2.54B | £2.52B | £2.21B |
| Gross margin | 63.7% | 65.0% | 64.9% | 64.4% | 64.6% | 65.0% | 65.0% | 64.7% | 64.2% | 63.9% |
| Operating margin | 31.1% | 30.3% | 29.3% | 27.2% | 26.0% | 21.4% | 26.7% | 26.2% | 25.9% | 24.8% |
| Net margin | 21.5% | 20.5% | 19.4% | 19.1% | 20.3% | 17.2% | 19.1% | 19.0% | 22.6% | 16.8% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.87B | £4.85B | £4.74B | £4.79B | £4.64B | £4.66B | £4.50B | £4.58B | £3.97B | £3.85B | £3.39B | £3.61B |
| Cost of revenue | £1.75B | £1.88B | £1.60B | £1.82B | £1.61B | £1.75B | £1.74B | £1.79B | £1.55B | £1.55B | £1.31B | £1.45B |
| Gross profit | £3.12B | £2.97B | £3.14B | £2.98B | £3.03B | £2.91B | £2.76B | £2.79B | £2.42B | £2.30B | £2.08B | £2.16B |
| Research & development | — | — | £173.0M | £187.0M | £177.0M | £330.0M | £161.0M | £309.0M | — | £295.0M | — | — |
| Sales, general & admin | £915.0M | £913.0M | £950.0M | £934.0M | £912.0M | £948.0M | £902.0M | £974.0M | £845.0M | £792.0M | £825.0M | £1.36B |
| Total operating expenses | £1.55B | £1.48B | £1.65B | £1.67B | £1.60B | £1.52B | £1.45B | £1.52B | £1.33B | £1.33B | £1.22B | £1.41B |
| Operating income | £1.57B | £1.49B | £1.49B | £1.47B | £1.43B | £1.38B | £1.31B | £1.27B | £1.09B | £972.0M | £862.0M | £755.0M |
| Interest expense | £109.0M | £79.0M | £219.0M | £166.0M | £133.0M | £181.0M | £142.0M | £121.0M | £79.0M | £69.0M | £72.0M | £80.0M |
| Income before taxes | £1.52B | £1.47B | £1.28B | £1.26B | £1.29B | £1.14B | £1.11B | £1.10B | £995.0M | £957.0M | £811.0M | £808.0M |
| Income taxes | £348.0M | £368.0M | £304.0M | £304.0M | £309.0M | £243.0M | £264.0M | £243.0M | £238.0M | £162.0M | £164.0M | £151.0M |
| Net income | £1.17B | £1.09B | £976.0M | £949.0M | £985.0M | £907.0M | £874.0M | £873.0M | £761.0M | £807.0M | £664.0M | £676.0M |
| EBITDA | £1.96B | £1.93B | £1.84B | £1.80B | £1.80B | £1.72B | £1.61B | £1.67B | £1.41B | £1.40B | £1.23B | £1.36B |
| Gross margin | 64.1% | 61.2% | 66.3% | 62.1% | 65.3% | 62.4% | 61.3% | 60.9% | 61.0% | 59.8% | 61.3% | 59.9% |
| Operating margin | 32.3% | 30.8% | 31.4% | 30.6% | 30.8% | 29.7% | 29.1% | 27.8% | 27.5% | 25.2% | 25.4% | 20.9% |
| Net margin | 24.1% | 22.5% | 20.6% | 19.8% | 21.2% | 19.5% | 19.4% | 19.0% | 19.2% | 21.0% | 19.6% | 18.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in British pounds as reported in RELX's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RELX financial results
In fiscal year 2025 (ended December 31, 2025), RELX reported revenue of £9.6 billion, up 1.7% from the year before. It had net income of £2.1 billion (up 6.8%), a net profit margin of 21.5%. Over five years revenue grew at an average rate of 6.2% a year. Figures are in British pounds, the currency of its financial statements.
See the RELX stock overview for the latest quote and news, or the RELX chart for price history and technical indicators.
RELX income statement FAQ
What is RELX's annual revenue?
RELX reported total revenue of £9.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.7% from £9.4 billion the previous year.
Is RELX profitable?
Yes. RELX reported net income of £2.1 billion in fiscal 2025, a net profit margin of 21.5%; its operating margin was 31.1%.
What is RELX's gross margin?
RELX's gross margin was 63.7% in fiscal 2025: for every $100 of revenue, RELX kept $64 after the direct cost of its products and services.
How much does RELX spend on research and development?
RELX spent £352.0 million on research and development in fiscal 2025, 3.7% of revenue.
How fast is RELX growing?
Revenue grew 6.2% a year on average over the last five fiscal years, from £7.1 billion to £9.6 billion.
When will RELX report its next earnings?
RELX is expected to report results for the quarter ending December 31, 2026 on February 11, 2027 before the market opens.
When does RELX's fiscal year end?
RELX's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.