Want to see RELX full AI Analyst Report?
EarningsQ2 2026 Earnings Report
RELX Q2 2026 EPS Results
Actual EPS$0.91
Consensus EPS$0.89
Beat/MissBeat by +$0.02
One Year Ago EPS$0.86
RELX Q2 2026 Revenue Results
Actual Revenue$6.55B
Expected Revenue$6.54B
Beat/MissBeat by +$15.75M
YoY Revenue Growth+6.58%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
RELX Upcoming Earnings
Relx's next earnings date is estimated for February 18, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
RELX Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a clear bias of positive operating and financial momentum: double-digit EPS growth at constant currency, margin expansion, strong cash generation and continued AI-driven product adoption across key divisions (Risk, STM, Legal). Most divisions delivered revenue and profit growth ahead of revenue, and management reiterated guidance for continued strong underlying revenue growth and profit growth exceeding revenue for the full year. The principal negatives are timing and scheduling effects in Exhibitions, currency and print headwinds, modestly higher leverage due to buybacks/dividends, and some regulatory/legal uncertainties — none of which outweighed the breadth and magnitude of the operational progress and financial strength reported.Company Guidance
Strong Group Financial Performance
Underlying revenue +7%; underlying adjusted operating profit +9%; group adjusted operating margin improved 70 basis points to 35.5%. Adjusted earnings per share +11% at constant currency (68.6p) and net profit +7% at constant currency (over GBP 1.2bn).
Robust Cash Generation and Capital Allocation
Cash conversion 98%; EBITDA ~GBP 2bn; free cash flow >GBP 1.1bn; CapEx GBP 292m (6% of revenue). Interim dividend increased 7% to 20.9p. Deployed GBP 1.75bn of share buybacks (of GBP 2.25bn plan) and completed GBP 103m of acquisitions.
Risk Division Momentum
Risk underlying revenue growth +8% and underlying adjusted operating profit growth +10%. Growth driven by AI-enabled analytics and decision tools, with over 90% of revenue machine-to-machine and strong performance in Business Services and Insurance.
STM (Science, Technical & Medical) Acceleration
STM underlying revenue growth +6% and adjusted operating profit +8%. Article submissions >+20% in H1; articles published +7%. New AI product LEAPSpace showing strong early adoption (active users nearly doubled in a 90-day period Mar–Jun and usage grew faster than users).
Legal Segment Step-Up
Legal underlying revenue growth +10% and underlying adjusted operating profit +13%. Lexis+ with Protege AI-enabled platform driving momentum: ~90% of new sales value from the AI platform and ~75% of renewal value from the package. Law Firms & Corporate Legal ~70% of divisional revenue.
Exhibitions Revenue Growth and Digital Progress
Exhibitions underlying revenue growth +6% with continued rollout of digital, value-enhancing tools. Company expects an improvement in adjusted operating margin for the full year despite H1 timing impacts.
Operating Efficiency and Margin Expansion
Company continues to target cost growth below revenue growth; profit growth outpaced revenue in Risk, STM and Legal by 2–3 percentage points, supporting margin expansion and improved returns. Internal use of GenAI cited to increase pace of product introductions and efficiencies.
RELX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed