Relx Plc
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A global provider of information-based analytics and decision tools for professionals, RELX runs famous brands like the science publisher Elsevier and the legal research service LexisNexis, used by researchers, lawyers, and businesses in over 180 countries. It was born from the 1993 merger of the British publisher Reed International and the Dutch publisher Elsevier, which itself took its name from a family of famous Dutch printers. When the company rebranded in 2015, its new name RELX conveniently echoes its four business areas—Risk, Exhibitions, Legal, and X (for the science arm)—even though it's really just a shortening of "Reed Elsevier."
Sponsored ADR (formerly Reed Elsevier NV)
20-F · Fiscal year ended Dec 31, 2025 · SEC filing ↗
The shift to analytics and AI kept underlying growth at 7%, but the told a different story. Reported revenue rose just 2% to £9,590M as the company accelerated the wind-down of print, while adjusted rose 4% to £3,342M and the adjusted margin widened 0.9 points to 34.8%. The core business is performing, but the headline growth rate now understates it.
RELX's primary market risks are interest rate and foreign exchange fluctuations, managed via derivatives and a fixed/floating debt mix.
RELX faces material risks from data-privacy regulation, cybersecurity threats, AI-driven competition, and evolving scientific-publishing payment models.
RELX is a global provider of information-based analytics and decision tools operating in four segments: Risk, Scientific Technical & Medical, Legal, and Exhibitions.
RELX FY2025 underlying revenue grew 7% driven by AI-enabled analytics, while reported revenue rose 2% to £9,590M.