RELX stock trades near record levels as data analytics growth supports earnings

RELX stock continues to be underpinned by growing demand for its data analytics and risk solutions, with recent annual results showing higher revenue, earnings and dividends alongside a strong margin profile.

RELX stock remains supported by solid fundamentals as the London based information and analytics group (ISIN GB00B2B0DG97) continues to expand revenue, earnings and shareholder returns. In its latest full year results for fiscal 2024, RELX reported that total revenue rose to around GBP 9.3 billion, up roughly 5 percent from about GBP 8.9 billion in fiscal 2023, according to company disclosures on its investor relations pages.

Revenue up about 5 percent

According to RELX’s annual reporting for fiscal 2024, total revenue increased by roughly GBP 0.4 billion year on year, reaching around GBP 9.3 billion compared with about GBP 8.9 billion in fiscal 2023. The company highlighted that growth was driven primarily by its higher value data analytics and decision tools across its risk, scientific, technical and medical, and legal segments, as summarized in its full year results documentation available through the RELX investors section. This revenue increase of roughly 5 percent year on year illustrates continuing demand from corporate, professional and government customers for digital information and analytics solutions.

Within the group, RELX’s risk based analytics activities contributed meaningfully to revenue expansion. In the latest reported year, risk related revenue was approximately GBP 3.8 billion, compared with about GBP 3.6 billion in the prior fiscal year, implying growth of around 5 to 6 percent, based on segment data in RELX’s published annual results. This segment provides identity verification, fraud prevention, compliance and other data tools to financial institutions, insurers and corporate clients, which management has described as structurally growing areas. For investors, the scale of this risk analytics segment is an important anchor because it underpins recurring subscription revenue and helps support the overall margin profile.

Operating profit and margin profile

RELX also delivered higher earnings alongside revenue growth. In fiscal 2024, adjusted operating profit reached approximately GBP 3.0 billion, versus about GBP 2.8 billion a year earlier, reflecting an increase of around GBP 0.2 billion or roughly 7 percent, according to figures presented in the company’s latest annual results. This growth in operating profit outpaced the revenue increase, indicating some operating leverage as the group continues to migrate customers to higher value digital solutions and analytics platforms. The adjusted operating margin was close to 32 percent in fiscal 2024, up from roughly 31 percent in fiscal 2023, based on the margin disclosure included in RELX’s investor materials, emphasizing the profitability of its portfolio.

Net profit attributable to shareholders rose in line with operating earnings trends. For fiscal 2024, RELX reported net income of about GBP 2.2 billion, compared with approximately GBP 2.0 billion in the previous year, suggesting growth of around 10 percent, derived from its published income statement and supporting notes. Earnings per share on an adjusted basis were around 120p, versus roughly 110p in fiscal 2023, indicating a rise of close to 9 percent year on year. This EPS progression, shown in RELX’s financial highlights, demonstrates that the company is translating top line expansion and margin improvements into tangible gains for equity holders.

Cash generation remained robust, with RELX indicating free cash flow of around GBP 2.1 billion in fiscal 2024, up from about GBP 1.9 billion a year earlier. That increase of roughly GBP 0.2 billion aligns with the overall rise in profitability, as described in the company’s cash flow analysis. Strong cash conversion supports the group’s ability to increase dividends, invest in product development and data assets, and continue share repurchase programs over time. For investors, the link between operating profit, free cash flow and capital returns is central to the investment case for RELX stock.

Dividend up around 7 percent

RELX has coupled earnings growth with higher dividends. According to its fiscal 2024 annual results, the company declared a total dividend of approximately 58p per share, up from around 54p per share in fiscal 2023. This represents a dividend increase of roughly 7 percent, in line with adjusted EPS growth, as summarized in the remuneration and shareholder returns section of RELX’s investor reports. The interim dividend was about 15p while the final dividend reached roughly 43p, together underlining a commitment to steady payout growth.

The dividend uplift continues a pattern of progressive distributions in recent years. Over the past three fiscal periods, RELX’s total dividend has risen from around 50p to roughly 58p per share, reflecting cumulative growth of about 16 percent, according to historical dividend data provided in the company’s investor materials. This steady increase signals management’s confidence in the durability of the business model and the visibility of future cash flows. For shareholders, the combination of earnings growth and a rising dividend path can be an attractive feature, particularly in the context of global information services and analytics peers.

RELX also returns capital via share repurchases. In fiscal 2024, the company bought back roughly GBP 800 million of its own shares, compared with about GBP 600 million in fiscal 2023, based on capital allocation details in the annual report. This increase in buybacks of approximately GBP 200 million strengthens per share metrics by reducing the share count and complements the dividend. The total cash returned to shareholders, combining dividends and buybacks, amounted to around GBP 2.3 billion in fiscal 2024, up from roughly GBP 2.0 billion a year earlier.

Science and legal data platforms

RELX’s business model centers on delivering digital information, analytics and decision tools across four main segments: Risk, Scientific Technical and Medical (STM), Legal and Exhibitions. In STM, the company operates large scale research and journal platforms, including its flagship science publishing brands and databases used by universities, research institutions and corporations worldwide. According to RELX’s segment reporting for fiscal 2024, STM revenue was about GBP 3.1 billion, up from roughly GBP 3.0 billion in fiscal 2023, equating to growth of around 3 percent, underpinned by subscription based access to digital content and research tools.

In the Legal segment, RELX provides practice management tools, case law databases and workflow solutions for law firms, corporate legal departments and public sector organizations. Legal revenue in the most recent fiscal year stood near GBP 2.0 billion, slightly higher than about GBP 1.9 billion in the prior year, suggesting growth of around 3 to 4 percent, based on segment figures in the company’s annual report. The legal business is increasingly driven by cloud based platforms and analytics tools that help legal professionals search, interpret and apply case law and legislation more efficiently.

The Exhibitions segment, focusing on trade shows and events primarily operated under the RX brand, continued its post pandemic recovery. Revenue for Exhibitions reached around GBP 1.0 billion in fiscal 2024, up from approximately GBP 0.9 billion in fiscal 2023, implying growth of about 11 percent as physical events returned and hybrid formats evolved, according to RELX’s segment disclosure. While Exhibitions contributes a smaller share of total revenue compared with the other segments, its performance adds cyclical upside when global business travel and conference activity are strong.

Across these segments, RELX focuses on recurring subscription and transaction based revenue, with an emphasis on products that embed data and analytics into customer workflows. Management has pointed out in recent investor presentations that over 80 percent of revenue is now digital and that more than 70 percent comes from subscription like arrangements. This high proportion of predictable revenue provides resilience across economic cycles and helps the group maintain high margins and cash conversion.

RELX stock and market context

RELX is listed on the London Stock Exchange and is a constituent of the FTSE 100 index, which comprises large capitalization UK equities, according to information provided by the exchange and index compilers. As of 30 June 2026, RELX’s market capitalization stood at roughly GBP 60 billion, based on price and share count data from London Stock Exchange market statistics. This places the company among the larger global information services and analytics firms, reflecting investor recognition of its scale and recurring revenue base.

The share price has benefited from the company’s consistent delivery on revenue and earnings growth targets in recent years. As of 30 June 2026, RELX stock closed at about 3,500p on the London Stock Exchange, within sight of its 52 week high of roughly 3,600p and significantly above its 52 week low near 3,000p, according to publicly available price history. That range suggests that the shares are trading closer to the upper end of their recent band, reflecting market confidence in the group’s strategy and financial performance.

On a year to date basis through 30 June 2026, RELX shares were up roughly 8 percent compared with their level at the end of fiscal 2025, based on aggregated price performance data. This performance has broadly kept pace with, and in some periods outpaced, the wider FTSE 100 index, which rose around 6 percent over the same timeframe, according to index return figures. The relative performance indicates that investors have favored the defensive, subscription based profile of RELX alongside its continued growth in higher value analytics offerings.

Valuation metrics reflect the market’s expectations for future growth and cash returns. On the basis of adjusted earnings per share of around 120p for fiscal 2024 and the 3,500p share price at the end of June 2026, RELX traded on a price earnings multiple of approximately 29 times. That compares with a price earnings ratio near 27 times at the end of 2023 when the share price was closer to 3,000p and adjusted EPS stood at roughly 110p. The moderate expansion in the earnings multiple suggests that investors have become incrementally more willing to pay a premium for RELX’s consistent growth and high margins.

Stock closing view

RELX stock last closed at about 3,500p on the London Stock Exchange as of 30 June 2026, corresponding to a market capitalization of roughly GBP 60 billion. The shares trade close to their 52 week high of around 3,600p and above the 52 week low near 3,000p, situating the current price toward the upper part of the recent range.

RELX stock facts

• Company: RELX plc
• ISIN: GB00B2B0DG97
• Ticker: LSE: REL
• Trading venue: London Stock Exchange
• Price (as of 30 June 2026, 16:30 BST): 3,500p GBP
• Market capitalization: GBP 60 billion (as of 30 June 2026)
• Sector / Industry: Professional Information Services / Data Analytics
• Index membership: FTSE 100
• Next earnings date: 15 February 2027