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RELX PLC

RELX Industrials Specialty Business Services

RELX PLC’s revenue for fiscal 2025 (year ended December 2025) was $12.6 billion, up 4.90% from fiscal 2024. Revenue growth for five consecutive years, operating cash flow growth for five.

39.06 0.64 +1.67%
Market cap
$66.7B
P/E
17.9×
Fwd P/E
—
Dividend yield
2.34%
F-score
7/9
Altman Z
3.89
Beneish M
−2.75
Dividend safety
60/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 9.61%

Capital & Financial Ratios $m

Market Cap 66,730.00
Revenue 21,202.46
Net Income 11,765.05
Free Cash Flow 9,581.61
Net Debt 11,657.48
Current Ratio 0.45 (below 1: weak)
Debt/Equity 7.10 (above 2: weak)
P/E ratio 17.87
Fwd P/E —
P/S ratio 0.00
P/B ratio 0.00
Past 5Y EPS Growth 12.81%
This Y EPS Growth 7.20%
Next Y EPS Growth 11.09%
Next Y revenue growth —
Next 5Y EPS Growth 10.10%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.4×; over the ten years it ranged from 0.4× in 2024 to 0.5× in 2026.
P/E against its own 10 years 70.77%
10-year low 10-year high
EV/Sales against its own 10 years 100.00%
10-year low 10-year high
EV/FCF against its own 10 years 81.39%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.91
Annual Dividend Yield 2.34%
total individual payouts
2026 0.91
0.63
0.28
2025 0.87
0.60
0.26
2024 0.77
0.53
0.24
2023 0.70
0.48
0.21
2022 0.62
0.44
0.18
2021 0.67
0.47
0.20
2020 0.58
0.40
0.18
2019 0.54
0.38
0.16
2018 0.53
0.37
0.16
2017 0.48
0.33
0.15
2016 0.46
0.32
0.13
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 193 152 173 295
Receivables 2,890 3,209 3,255 3,142
Inventory 396 423 410 438
Other 97 45 66 38
3,575 3,829 3,903 3,912
2023 2024 2025 Q'26
Payables 4,940 5,268 5,628 5,376
ST’ Debt 1,633 1,804 2,072 3,145
Other 36 83 12 23
6,812 7,307 7,914 8,720

Compound Annual Growth %

10y 5y 3y
Sales 3.31% 6.73% 6.13%
Cash Flow 5.69% 12.78% 7.99%
Earnings 5.86% 11.62% 10.45%
Book Value (0.55%) 3.16% (12.12%)

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 12,646
’24 — — — — 12,056
’23 — — — — 11,395
’22 — — — — 10,579
’21 — — — — 9,961
’20 — — — — 9,129
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 3,740
’24 — — — — 3,333
’23 — — — — 3,056
’22 — — — — 2,970
’21 — — — — 2,772
’20 — — — — 2,049
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 1,566 — — —
’25 — 1,548 — 3,712 3,048
’24 — 1,295 — 3,307 2,714
’23 — 1,191 — 3,028 2,472
’22 — 1,156 — 2,925 2,431
’21 — 1,283 — 2,741 2,316
’20 — 954 — 1,994 1,584
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 1.48
’24 — — — — 1.32
’23 — — — — 1.01
’22 — — — — 1.05
’21 — — — — 1.04
’20 — — — — 0.81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 16.18 17.64 19.23 20.31 16.81 23.37 23.39 27.57 38.48 39.31

Analyst estimates 2026–2028

Powerpack
High 19.84 24.03 23.77 25.32 27.26 32.71 32.34 40.03 48.91 56.33
People
People Employees 31,200 31,000 32,100 33,200 33,200 33,500 35,700 36,500 36,400 37,000
Revenue/emp, $m 0.30 0.31 0.31 0.30 0.27 0.30 0.30 0.31 0.33 0.34
Income, $m
Income, $m Revenue 9,345 9,479 10,000 10,054 9,129 9,961 10,579 11,395 12,056 12,646
Gross margin, % 63.92 64.23 64.71 65.01 65.02 64.63 64.40 64.89 65.02 66.29
EBT 1,996 2,235 2,296 2,358 1,904 2,471 2,614 2,855 3,268 3,626
EBT margin, % 21.36 23.58 22.96 23.46 20.86 24.81 24.70 25.05 27.10 28.68
Net income 2,315 2,455 2,622 2,683 1,958 2,591 2,873 3,336 3,656 3,992
Depreciation 812 754 869 872 1,082 996 971 986 1,001 992
Per share, $
Per share, $ Revenue 4.53 4.69 5.06 5.17 4.74 5.17 5.51 6.02 6.46 6.89
Earnings 0.81 1.06 0.96 0.99 0.82 1.05 1.05 1.02 1.32 1.48
Cash flow 1.11 1.18 1.34 1.37 1.06 1.44 1.55 1.62 1.79 2.04
Capex (0.22) (0.23) (0.24) (0.25) (0.24) (0.24) (0.28) (0.31) (0.33) (0.38)
Free cash flow 0.89 0.95 1.10 1.12 0.82 1.20 1.27 1.31 1.45 1.66
Book value 1.55 1.52 1.59 1.44 1.40 2.30 2.42 2.26 2.40 1.72
Shares, m 2,062 2,019 1,977 1,944 1,926 1,928 1,919 1,892 1,866 1,834
Valuation, ×
Valuation, × P/E 6.33 7.45 42.19 16.89 13.46 17.49 13.38 17.69 20.78 18.49
P/S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales 0.00 0.00 0.00 0.00 0.46 0.43 0.39 0.37 0.39 0.44
EV/FCF 0.87 0.80 1.16 1.05 1.33 1.16 0.93 0.90 0.98 1.00
Cash, $m
Cash, $m Operating cash flow 2,280 2,382 2,650 2,667 2,049 2,772 2,970 3,056 3,333 3,740
Capex (450) (455) (478) (483) (465) (457) (539) (585) (619) (692)
Free cash flow 1,830 1,927 2,172 2,185 1,584 2,316 2,431 2,472 2,714 3,048
Balance, $m
Balance, $m Working capital (3,999) (3,051) (3,963) (4,472) (2,696) (1,913) (2,620) (3,237) (3,478) (4,010)
Total debt 6,564 6,297 8,496 8,190 9,146 8,480 8,324 8,082 8,363 9,583
Net debt 6,344 6,154 8,344 8,014 9,033 8,325 7,911 7,889 8,211 9,410
Shareholders’ equity 3,196 3,060 3,149 2,796 2,698 4,433 4,643 4,278 4,478 3,152
Returns, %
Returns, % ROA 8.95 12.62 11.00 10.59 8.79 10.87 10.46 11.62 13.04 14.04
ROIC 15.17 16.65 14.26 15.51 10.43 12.69 14.30 17.14 18.01 19.86
ROE 48.22 68.36 61.15 64.65 57.21 56.73 44.53 49.67 56.45 71.38
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025

Charts ten years each

RELX PLC vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CTAS Cintas Corporation $84.6B 41.7× 33.1× +10.88% (above 0%: growing) +12.50% (above 0%: growing) +48.72% (above 0%: growing) 51.54% 23.62% Compare
RELX RELX PLC $66.7B 17.9× — +20.81% (above 0%: growing) +23.32% (above 0%: growing) +20.95% (above 0%: growing) 61.32% 0.00%
CPRT Copart, Inc. $25.7B 17.9× 18.5× +2.43% (above 0%: growing) −14.63% (below 0%: shrinking) −26.98% (below 0%: shrinking) 41.78% 32.01% Compare
ULS UL Solutions Inc. $15.0B 29.2× 45.9× +5.15% (above 0%: growing) +171.11% (above 0%: growing) −13.33% (below 0%: shrinking) 51.10% 18.38% Compare
ARMK Aramark $14.5B 37.9× 29.0× +9.33% (above 0%: growing) +37.04% (above 0%: growing) +125.89% (above 0%: growing) 8.51% 4.26% Compare
RTO Rentokil Initial PLC $10.5B 61.8× 29.4× +66.96% (above 0%: growing) +6.36% (above 0%: growing) +7.92% (above 0%: growing) 13.59% 0.00% Compare
DLB Dolby Laboratories $5.7B 25.2× 16.5× −3.34% (below 0%: shrinking) −37.50% (below 0%: shrinking) +157.37% (above 0%: growing) 86.78% 11.25% Compare
AMTM Amentum Holdings, Inc. $4.7B 23.5× 21.9× −1.99% (below 0%: shrinking) +575.00% (above 0%: growing) +35.00% (above 0%: growing) 10.32% 4.93% Compare
UNF Unifirst Corporation $4.6B 39.7× 39.4× +3.87% (above 0%: growing) −48.20% (below 0%: shrinking) −21.68% (below 0%: shrinking) 37.00% 3.63% Compare
Median of peers $12.5B 33.5× 29.2× +4.51% +9.43% +21.46% 39.39% 8.09%

All 44 Specialty Business Services stocks →

RELX PLC (RELX) key facts

  • Strength: RELX PLC’s revenue for fiscal 2025 (year ended December 2025) was $12.6 billion, up 4.90% from fiscal 2024.
  • RELX PLC (RELX) is a Specialty Business Services company in the Industrials sector, traded in the US as an ADR.
  • As of October 16, 2026, RELX traded at $39.06, a market capitalization of $66.7 billion.
  • RELX PLC pays an annual dividend of $0.91 per share, a yield of 2.34%.
  • Return on equity was 71.4% and debt-to-equity 7.10.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.89 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

RELX PLC (RELX) Latest News

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stockrow.com/RELX · Data as of Dec 31, 2025 · For information only; not investment advice. · © 2026 stockrow.com