RELX (REL) Trading update summary

Trading performance and growth drivers

• Strong underlying revenue and profit growth achieved across all four business areas, with robust new sales.

• Growth trajectory supported by a shift toward higher-value analytics and decision tools, leveraging AI and unique data sets.

• Business Services driven by Financial Crime Compliance, digital Fraud & Identity solutions, and innovation in Insurance.

• Scientific, Technical & Medical segment benefits from analytics tools, increased product introductions, and strong article submission growth.

• Legal segment sees double-digit growth in law firms and corporate legal, fueled by AI-enabled research and analytics platforms.

Outlook and expectations

• Positive momentum expected to continue, with strong underlying revenue and adjusted operating profit growth for the full year.

• Adjusted earnings per share anticipated to grow strongly on a constant currency basis.

• Each business segment forecasts underlying adjusted operating profit growth to exceed underlying revenue growth.

• Exhibitions segment expects improved operating margin despite some event rescheduling.

Strategic initiatives and innovation

• Ongoing product development leverages deep customer understanding, unique content, and advanced AI technologies.

• Expansion of analytics and decision tools across all segments, with continued rollout and adoption of AI-enabled solutions.

• Legal segment advances with integrated agentic legal assistant and strong renewals and new sales.