London, July 6, 2026, 12:01 BST
- RELX PLC (LON:REL) traded at 2,394p/2,396p, up 60.8p, or 2.6%, according to AJ Bell’s delayed feed.
- The rise put £1.1 billion more on RELX’s market cap by share count, versus its targeted £2.25 billion buyback for 2026.
- The stock stayed around 40.6% under its 4,030p year high ahead of first-half results set for July 23.
RELX PLC (LON:REL) climbed in London trading Monday with buyers picking up the data and legal analytics stock ahead of July results. The London Stock Exchange trades from 8:00 a.m. to 4:30 p.m. BST. AJ Bell’s delayed data showed RELX at 2,394p to sell, 2,396p to buy, up 60.8p.
The repurchase figures tell the story. Shares rebounded Monday, bringing market cap to around £41.93 billion. Still, the stock trades well below both the 2025 average buyback price and last year’s high. That’s key—buybacks are a big line item in RELX’s capital return strategy.
| RELX market snapshot | Latest delayed data | Investor read |
|---|---|---|
| Sell / buy price | 2,394p / 2,396p | Shares sat just under the top tick of 2,414p, holding strong |
| Day change | +60.8p / +2.6% | About £1.1 bln added to equity value on 1.76 bln shares |
| Open / previous close | 2,348p / 2,334p | Stock hovered above its open late in the morning |
| Year range | 1,991p–4,030p | Shares trade at 40.6% under the high |
| Market cap / P-E | £41.93 bln / 20.79x | Valuation sits below the last buyback price |
| Dividend yield | 2.9% | Buybacks still matter more for this name than yield |
RELX repurchased 39.5 million shares in 2025, paying an average price of 3,797p each for a total cost of £1.5 billion, its annual filing shows. The company also said in February it plans to buy back £2.25 billion of stock in 2026.
| Buyback yardstick | Calculation | Result |
|---|---|---|
| Monday market cap jump | 60.8p times 1.76 bln shares | ~£1.07 bln |
| Price now vs 2025 buyback average | 2,394p against 3,797p | about 37% down |
| £2.25 bln at today’s price | £2.25 bln divided by 23.94 pounds | close to 94 mln shares |
| £2.25 bln at 2025 buyback price | £2.25 bln divided by 37.97 pounds | about 59 mln shares |
| Today’s price over 2025 EPS | 2,394p over 128.5p | roughly 18.6x |
| Year high price over 2025 EPS | 4,030p divided by 128.5p | about 31.4x |
Shareholders care about the gap. If RELX keeps buying shares below its average price from last year, every pound spent on buybacks takes out more stock. But if July 23 shows weaker growth or more AI pressure, the cheaper multiple could look less like a deal and more like a red flag.
Relx’s last full-year numbers gave bulls a reason to stick around. The company posted 2025 revenue of £9.59 billion, with adjusted operating profit at £3.34 billion and a 34.8% adjusted operating margin. Adjusted EPS was 128.5p. Dividend came in at 67.5p, up 7%. CEO Erik Engstrom said at the time: “RELX delivered strong underlying revenue and profit growth and strong new sales in 2025.” Relx
RELX stuck with its full-year guidance in its April 23 update. The company still sees strong underlying revenue growth, strong adjusted operating profit growth, and strong adjusted EPS growth at constant currency for 2026. In the Legal business, RELX said Law Firms & Corporate Legal saw double-digit growth, helped by Lexis+ with Protégé, its AI-driven legal research and analytics platform.
This is the stock story so far. RELX trades like an AI risk and an AI user at once. Reuters said in February that RELX shares kept falling on AI concerns. The stock is still down 40.6% from its year high, a gap that hasn’t closed.
Stocks got a lift from the broader market Monday. European shares traded close to record levels, with Reuters quoting Jefferies (NYSE:JEF) economist Mohit Kumar: “The upcoming earnings season should be a test for the AI theme.” Reuters
RELX faces its next check soon. First-half results are set for July 23. The interim ex-dividend date lands on Aug. 6. A nine-month trading update comes Oct. 22.
