RELX Plc (RELX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 | Q4'16 | Q2'16 |
|---|
| Sales/Revenue | 4.82B | 4.74B | 4.79B | 4.64B | 4.66B | 4.5B | 4.58B | 3.97B | 3.85B | 3.39B | 3.61B | 3.5B | 3.99B | 3.89B | 3.84B | 3.65B | 3.64B | 3.7B | 3.64B | 3.26B |
| Revenue Growth % | 0.54% | 2.15% | 2.81% | 3.16% | 1.7% | 13.35% | 19.06% | 16.94% | 6.68% | -3.06% | -9.46% | -9.95% | 3.83% | 6.43% | 5.55% | -1.38% | -0.03% | 13.72% | 20.98% | 9.89% |
| Cost of Goods Sold | 1.75B | 1.6B | 1.69B | 1.61B | 1.75B | 1.74B | 1.79B | 1.55B | 1.55B | 1.31B | 1.45B | 1.42B | 1.54B | 1.51B | 1.34B | 1.3B | 1.27B | 1.35B | 1.31B | 1.18B |
| COGS % of Revenue | 36.25% | 33.75% | 35.28% | 34.67% | 37.64% | 38.68% | 39.11% | 38.95% | 40.16% | 38.69% | 40.07% | 40.47% | 38.53% | 38.91% | 35.04% | 35.56% | 35.03% | 36.56% | 36.09% | 36.08% |
| Gross Profit | 3.07B | 3.14B | 3.1B | 3.03B | 2.91B | 2.76B | 2.79B | 2.42B | 2.3B | 2.08B | 2.16B | 2.08B | 2.45B | 2.38B | 2.49B | 2.35B | 2.36B | 2.35B | 2.33B | 2.08B |
| Gross Margin % | 63.75% | 66.25% | 64.72% | 65.33% | 62.36% | 61.32% | 60.89% | 61.05% | 59.84% | 61.31% | 59.93% | 59.53% | 61.47% | 61.09% | 64.96% | 64.44% | 64.97% | 63.44% | 63.91% | 63.92% |
| Gross Profit Growth % | -0.97% | 3.6% | 6.71% | 9.89% | 4.16% | 13.87% | 21.14% | 16.43% | 6.52% | -0.14% | -11.71% | -12.25% | -1.76% | 0.89% | 5.54% | 0.17% | 1.63% | 12.87% | 22.43% | 7.15% |
| Operating Expenses | 1.56B | 1.65B | 1.67B | 1.6B | 1.52B | 1.45B | 1.52B | 1.33B | 1.33B | 1.22B | 1.41B | 1.32B | 1.37B | 1.31B | 1.55B | 1.39B | 1.42B | 1.39B | 1.5B | 1.27B |
| OpEx % of Revenue | 32.4% | 34.82% | 34.88% | 34.5% | 32.69% | 32.23% | 33.09% | 33.53% | 34.6% | 35.92% | 39.01% | 37.62% | 34.37% | 33.72% | 40.38% | 37.97% | 39.15% | 37.58% | 41.2% | 38.87% |
| Selling, General & Admin | 1.7B | 1.68B | 1.69B | 1.63B | 1.52B | 1.45B | 1.52B | 1.33B | 1.33B | 1.22B | 1.41B | 1.32B | 1.37B | 1.31B | 1.52B | 1.41B | 1.43B | 1.43B | 1.46B | 1.29B |
| SG&A % of Revenue | 35.19% | 35.39% | 35.24% | 35.06% | 32.69% | 32.23% | 33.09% | 33.53% | 34.6% | 35.92% | 39.01% | 37.62% | 34.37% | 33.72% | 39.49% | 38.57% | 39.21% | 38.71% | 40.24% | 39.48% |
| Research & Development | 0 | 0 | 187M | 177M | 330M | 161M | 309M | 0 | 295M | 0 | 0 | 0 | 117M | 117M | 225M | 0 | 203M | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 3.9% | 3.81% | 7.08% | 3.58% | 6.74% | - | 7.66% | - | - | - | 2.94% | 3.01% | 5.86% | - | 5.58% | - | - | - |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.51B | 1.49B | 1.43B | 1.43B | 1.38B | 1.31B | 1.27B | 1.09B | 972M | 862M | 755M | 767M | 1.08B | 1.06B | 978M | 945M | 937M | 916M | 861M | 796M |
| Operating Margin % | 31.35% | 31.43% | 29.84% | 30.83% | 29.67% | 29.1% | 27.79% | 27.51% | 25.25% | 25.4% | 20.92% | 21.91% | 27.09% | 27.37% | 25.48% | 25.87% | 25.76% | 24.73% | 23.67% | 24.44% |
| Operating Income Growth % | 5.64% | 4.12% | 3.4% | 9.32% | 8.56% | 19.87% | 31.07% | 26.68% | 28.74% | 12.39% | -30.09% | -27.91% | 10.43% | 12.59% | 4.38% | 3.17% | 8.83% | 15.08% | 22.65% | 12.11% |
| EBITDA | 1.88B | 1.98B | 1.57B | 1.82B | 1.78B | 1.66B | 1.72B | 1.43B | 1.35B | 1.21B | 1.23B | 1.14B | 1.43B | 1.4B | 1.16B | 1.12B | 1.1B | 1.13B | 1.08B | 984M |
| EBITDA Margin % | 39.04% | 41.79% | 32.82% | 39.22% | 38.27% | 36.99% | 37.57% | 36% | 34.96% | 35.71% | 34.08% | 32.42% | 35.88% | 35.93% | 30.11% | 30.55% | 30.27% | 30.51% | 29.77% | 30.21% |
| EBITDA Growth % | 19.6% | 8.87% | -11.83% | 9.38% | 3.6% | 16.45% | 27.93% | 17.9% | 9.43% | 6.78% | -13.99% | -18.75% | 23.7% | 25.18% | 5% | -1.24% | 1.66% | 14.84% | 22.37% | 10.56% |
| D&A (Non-Cash Add-back) | 370.7M | 491.45M | 143M | 389M | 401M | 355M | 448M | 337M | 374M | 350M | 475M | 368M | 350M | 333M | 178M | 171M | 164M | 214M | 222M | 188M |
| EBIT | 1.54B | 1.49B | 1.41B | 1.41B | 1.32B | 1.25B | 1.22B | 1.07B | 1.03B | 883M | 888M | 744M | 1.03B | 1.08B | 978M | 945M | 937M | 916M | 861M | 796M |
| Net Interest Income | -75.53M | -210M | -138M | -133M | -179M | -136M | -120M | -76M | -63M | -70M | -79M | -82M | -195M | -97M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.98M | 9M | 2.58M | 5.06M | 2M | 6M | 1M | 3M | 6M | 2M | 1M | 2M | 7M | 2M | 96M | 95M | 80M | 96M | 86M | 83M |
| Interest Expense | 78.51M | 219M | 138M | 133M | 181M | 142M | 121M | 79M | 69M | 72M | 80M | 84M | 202M | 99M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -52.67M | -210M | -168M | -136M | -235M | -172M | -159M | -94M | -52M | -37M | 62M | -101M | -235M | -84M | -147M | -73M | -104M | -80M | -145M | -63M |
| Pretax Income | 1.46B | 1.28B | 1.26B | 1.29B | 1.14B | 1.14B | 1.11B | 998M | 972M | 825M | 808M | 666M | 845M | 980M | 848M | 872M | 859M | 862M | 740M | 733M |
| Pretax Margin % | 30.25% | 27.06% | 26.33% | 27.9% | 24.43% | 25.27% | 24.32% | 25.14% | 25.25% | 24.31% | 22.39% | 19.02% | 21.2% | 25.21% | 22.09% | 23.87% | 23.62% | 23.27% | 20.34% | 22.51% |
| Income Tax | 365.73M | 304M | 304M | 309M | 243M | 264M | 243M | 238M | 162M | 164M | 151M | 124M | 115M | 223M | 100M | 192M | -113M | 178M | 131M | 173M |
| Effective Tax Rate % | 25.09% | 23.69% | 24.09% | 23.86% | 21.33% | 23.22% | 21.79% | 23.85% | 16.67% | 19.88% | 18.69% | 18.62% | 13.61% | 22.76% | 11.79% | 22.02% | -13.15% | 20.65% | 17.7% | 23.6% |
| Net Income | 1.08B | 976M | 949M | 985M | 907M | 874M | 873M | 761M | 807M | 664M | 676M | 548M | 726M | 779M | 744M | 678M | 966M | 682M | 603M | 558M |
| Net Margin % | 22.46% | 20.59% | 19.8% | 21.22% | 19.46% | 19.43% | 19.04% | 19.17% | 20.96% | 19.56% | 18.73% | 15.65% | 18.21% | 20.04% | 19.38% | 18.56% | 26.56% | 18.41% | 16.57% | 17.13% |
| Net Income Growth % | 14.04% | -0.91% | 4.63% | 12.7% | 3.89% | 14.85% | 8.18% | 14.61% | 19.38% | 21.17% | -6.89% | -29.65% | -2.42% | 14.9% | -22.98% | -0.59% | 60.2% | 22.22% | 10.85% | 20.26% |
| Net Income (Continuing) | 1.09B | 979M | 958M | 986M | 915M | 873M | 872M | 760M | 810M | 661M | 666M | 542M | 730M | 779M | 748M | 680M | 972M | 684M | 609M | 560M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 23.96M | 14M | 23M | -29M | -21M | -24M | -22M | -12M | -8M | -7M | 2M | 18M | 24M | 27M | 30M | 18M | 21M | 34M | 38M | 37M |
| EPS (Diluted) | 0.59 | 0.53 | 0.51 | 0.52 | 0.48 | 0.46 | 0.45 | 0.39 | 0.42 | 0.34 | 0.35 | 0.28 | 0.37 | 0.40 | 0.38 | 0.34 | 0.48 | 0.33 | 0.29 | 0.27 |
| EPS Growth % | 15.69% | 1.92% | 6.25% | 13.04% | 6.67% | 17.95% | 7.14% | 14.71% | 20% | 21.43% | -5.41% | -30% | -2.63% | 17.65% | -20.83% | 3.03% | 65.52% | 22.22% | 11.54% | 22.73% |
| EPS (Basic) | 0.59 | 0.52 | 0.51 | 0.52 | 0.48 | 0.46 | 0.46 | 0.40 | 0.42 | 0.34 | 0.35 | 0.28 | 0.38 | 0.40 | 0.38 | 0.34 | 0.48 | 0.33 | 0.29 | 0.27 |
| Diluted Shares Outstanding | 1.83B | 1.84B | 1.84B | 1.9B | 1.9B | 1.91B | 1.92B | 1.94B | 1.93B | 1.94B | 1.94B | 1.94B | 1.95B | 1.96B | 1.98B | 2B | 2.02B | 2.05B | 2.07B | 2.09B |
| Basic Shares Outstanding | 1.82B | 1.87B | 1.87B | 1.89B | 1.88B | 1.9B | 1.91B | 1.92B | 1.93B | 1.93B | 1.93B | 1.93B | 1.93B | 1.95B | 1.98B | 2B | 2.02B | 2.05B | 2.07B | 2.09B |
| Dividend Payout Ratio | 35.18% | 84.43% | 35.72% | 79.39% | 35.39% | 84.44% | 34.48% | 89.62% | 35.44% | 95.48% | 38.91% | 112.59% | 36.36% | 74.2% | 33.33% | 80.83% | 24.74% | 76.69% | 36.32% | 83.15% |