RELX (REL) Q3 2026 TU earnings summary

Executive summary

• Underlying revenue grew 7% YTD; the shift toward higher-growth analytics and decision tools combining proprietary content and data with advanced technologies supports the growth trajectory.

• Digital initiatives continued across business areas, supported by AI-enabled products and customer adoption.

Financial highlights

• Underlying revenue growth was 7% for the first nine months of 2026; underlying rates are at constant currency and exclude acquisitions, disposals, assets held for sale, print-related activities, exhibition cycling and timing effects.

Outlook and guidance

• Full-year guidance is unchanged: strong underlying revenue and adjusted operating profit growth, plus strong adjusted EPS growth on a constant-currency basis.

• Underlying adjusted operating profit growth is expected to exceed underlying revenue growth in Risk, STM and Legal.

• Exhibitions is expected to deliver strong underlying revenue growth excluding Middle East effects, with adjusted operating margin improving over the prior full year.

• STM research demand remains supported by strong submission trends; no change in underlying drivers is expected. LeapSpace monetization is not yet material, with near-term focus on user growth and adoption.