RELX (REL) Investor update summary

Strategic Overview and Growth

• Business Services within Risk represents nearly 45% of divisional revenue, with consistent underlying revenue growth averaging 8% annually over the past decade, excluding pandemic impact.

• Revenue is increasingly global, with 30% now from outside the U.S. and global solutions accounting for over 45% of revenue.

• Customer base spans over 18,000 clients in 180+ countries, with top 30 customers accounting for less than 30% of revenue and low revenue concentration.

• Fraud & Identity is the largest business area, accounting for over a third of revenue, with financial services as the largest customer segment.

• Ongoing innovation and targeted acquisitions, such as IDVerse, drive product expansion and differentiation.

Financial Performance and Growth

• Risk segment projected to generate £3.5bn ($4.6bn) in revenue and 39% of adjusted operating profit in 2025.

• Underlying revenue and profit growth rates have consistently ranged from 7–9% and 8–10% annually since 2015.

• Adjusted operating margin has steadily increased, reaching 37.4% in 2025.

Data, Technology, and AI Capabilities

• Proprietary data assets, including 25+ contributory databases, underpin solutions, with Business Services contributing 10 of these.

• Over 400 million transactions processed daily, with data signals from network activity now surpassing those from licensed and public records.

• Over $2bn annual technology spend and 12,000+ technologists drive platform reliability, scalability, and compliance.

• Proprietary big data and AI/ML platforms enable rapid product development and high-precision analytics.

• Technology stack features a proprietary abstraction layer for rapid integration of new AI tools, ensuring transparency and compliance.