RELX PLC (RELX)

Name: RELX PLC (RELX) annual results, Dec 2025: the 20-F figures in pounds sterling
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

RELX PLC files a 20-F with the SEC once a year, in pounds sterling. In the year to 31 December 2025 it reported revenue of GBP 9,590 million, up 1.7% on the year before. Its profit attributable to shareholders was GBP 2,065 million, up 6.8%, and diluted earnings per share GBP 1.12.

Earnings per share are per ordinary share, in pounds sterling. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on RELX

Planned insider sales	no Form 144 notice in twelve months
Options tape	put/call 0.89 by open interest on 26 September 2026; the straddle prices a 7.8% move to 16 October 2026
Holders	6 of the followed funds hold it; largest FMR LLC; 0 Schedule 13D or 13G filings in twelve months
Congress	0 House trades disclosed in six months
Short interest	6.7 million shares short, 2.58 days to cover at 15 September 2026

Profit and loss, 11 fiscal years

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018^*	Dec 2017^*	Dec 2016^*	Dec 2015
Revenue	9,590	9,434	9,161	8,553	7,244	7,110	7,874	7,492	7,341	6,889	5,971
Cost of sales	3,233	3,300	3,216	3,045	2,562	2,487	2,755	2,644	2,628	2,488	2,129
Gross profit	6,357	6,134	5,945	5,508	4,682	4,623	5,119	4,848	4,713	4,401	3,842
Operating profit	3,027	2,861	2,682	2,323	1,884	1,525	2,101	1,964	1,905	1,708	1,497
Finance costs	298	304	323	205	150	175	314	217	205	223	177
Profit before tax	2,750	2,557	2,295	2,113	1,797	1,483	1,847	1,720	1,721	1,459	1,312
Income tax	672	613	507	481	326	275	338	292	65.0	301	298
Profit for the year	2,078	1,944	1,788	1,632	1,471	1,208	1,509	1,428	1,656	1,158	1,014
Profit attributable to shareholders	2,065	1,934	1,781	1,634	1,471	1,224	1,505	1,422	1,648	1,150	1,008

GBP million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Dec 2016, Dec 2017, Dec 2018); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018^*	Dec 2017^*	Dec 2016^*	Dec 2015
Diluted EPS	1.12	1.03	0.94	0.85	0.76	0.63	0.77	0.71	0.81	0.55	n/a
Basic EPS	1.13	1.04	0.94	0.85	0.76	0.64	0.77	0.72	0.82	0.56	n/a

GBP per ordinary share, as filed.

Cash flow

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018^*	Dec 2017^*	Dec 2016^*	Dec 2015
Cash from operations	2,836	2,608	2,457	2,401	2,016	1,596	2,089	1,985	1,914	1,741	1,407
Purchase of property, plant and equipment	21.0	20.0	30.0	36.0	28.0	43.0	47.0	56.0	51.0	51.0	65.0
Free cash flow	2,815	2,588	2,427	2,365	1,988	1,553	2,042	1,929	1,863	1,690	1,342
Dividends paid	1,181	1,121	1,059	983	920	880	842	796	762	683	583

GBP million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018^*	Dec 2017^*	Dec 2016^*	Dec 2015
Total assets	14,757	15,133	14,917	15,829	13,858	14,145	13,789	13,999	12,632	13,714	n/a
Equity attributable to shareholders	2,366	3,481	3,460	3,776	3,232	2,099	2,166	2,329	2,292	2,270	2,178
Cash and cash equivalents	131	119	155	334	113	88.0	138	114	111	162	122
Borrowings, as filed	7,267	6,544	6,497	6,730	6,167	7,123	6,414	6,365	5,253	4,843	n/a
Lease liabilities	97.0	103	141	182	208	275	342	360	-391	n/a	n/a
Trade and other receivables	2,468	2,511	2,323	2,405	1,960	1,927	2,067	2,015	1,873	2,015	n/a
Goodwill	7,930	8,216	8,023	8,388	7,366	7,224	6,824	6,899	5,965	6,392	5,231

GBP million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018^*	Dec 2017^*	Dec 2016^*	Dec 2015
Gross margin	66.3%	65.0%	64.9%	64.4%	64.6%	65.0%	65.0%	64.7%	64.2%	63.9%	64.3%
Operating margin	31.6%	30.3%	29.3%	27.2%	26.0%	21.4%	26.7%	26.2%	26.0%	24.8%	25.1%
Net margin	21.5%	20.5%	19.4%	19.1%	20.3%	17.2%	19.1%	19.0%	22.4%	16.7%	16.9%
Free cash flow margin	29.4%	27.4%	26.5%	27.7%	27.4%	21.8%	25.9%	25.7%	25.4%	24.5%	22.5%
Return on year-end equity	87.3%	55.6%	51.5%	43.3%	45.5%	58.3%	69.5%	61.1%	71.9%	50.7%	46.3%
Effective tax rate	24.4%	24.0%	22.1%	22.8%	18.1%	18.5%	18.3%	17.0%	3.8%	20.6%	22.7%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

Form	Year to	Filed
20-F	31 December 2025	19 February 2026	EDGAR
20-F	31 December 2024	20 February 2025	EDGAR
20-F	31 December 2023	22 February 2024	EDGAR
20-F	31 December 2022	23 February 2023	EDGAR
20-F	31 December 2021	17 February 2022	EDGAR
20-F	31 December 2020	18 February 2021	EDGAR
20-F	31 December 2019	20 February 2020	EDGAR

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