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Relx (RELX) earnings and revenue breakdown
Latest: H1 2026 · 6-K filed Jul 23, 2026 · Relx (RELX) H1 2026 earnings results →
H1 2026 Revenue up 102% year over year to $9.6B · 22¢ of every $1 of revenue kept as net profit · operating margin 31.6%
Relx made $9.6B in H1 2026 (+102% Y/Y): Risk $3.5B, Scientific, Technical & Medical $2.7B, Legal $1.8B. Operating margin 31.6%, net earnings $2.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Jul 23, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was £9.6B in H1 2026, up 102% year over year. Risk was the largest line at 36% of revenue. Risk added £1.7B year over year (up 99%), 36% of the total change.
Gross margin was 66.3%, unchanged from a year earlier. Operating profit was £3.0B, a 31.6% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 31% margin then. Operating expenses grew 102% against revenue growth of 102%. Net earnings were £2.1B, up 112% year over year. The effective tax rate was 24.4%.
Operating cash flow was £3.7B (up 101% year over year), 180% of net earnings. Working capital and other items added £1.7B. Capital expenditures of £0.02B left free cash flow of £3.7B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| H1 2026 | 6-K | Jul 23, 2026 | $9.6B | +102% | 31.6% | $2.1B | $3.7B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Relx
RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and territories and has offices in about 40 countries. It employs more than 37,000 people around 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £43bn/€51bn/$58bn.
In its own words, from its 6-K, filed Jul 23, 2026.
Relx against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +102% against the peers' median +13%. Operating margin: 31.6% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RELX Relx | H1 2026 | $12.9B | +102% | 31.6% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: Relx 6-K on SEC EDGAR · CIK 929869 · Services-Business Services, NEC
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History
Every quarter: H1 2026 results