London, April 2, 2026, 20:02 BST
RELX stuck to its forecast for solid revenue gains and higher adjusted operating profit this year, according to an investor update released Thursday. The company maintained its outlook, pointing to “positive momentum across the group.” Relx
This is significant for the British information and analytics group, which remains in recovery mode after a sharp selloff in February. That drop was sparked by worries that fresh AI tools might put the squeeze on established legal and data players. Legal plug-ins from Anthropic rattled RELX along with rivals Thomson Reuters and Wolters Kluwer. Still, RELX maintained that weaving AI into its own offerings should continue to fuel growth.
RELX reiterated its view: solid “underlying” growth in revenue and adjusted operating profit remains on the table. The company is also sticking to its forecast for robust growth in adjusted earnings per share at constant currency—so, before any currency swings. In RELX’s terms, underlying growth excludes currency shifts, acquisitions, disposals, print revenue, and certain exhibition timing effects.
In its April presentation, the company reiterated its 2025 numbers from last year: 9.6 billion pounds in revenue, 3.3 billion pounds of adjusted operating profit, an adjusted margin of 34.8%, and a hefty 99% adjusted cash flow conversion—which essentially means almost all that profit hit the cash line.
Legal kept its pace as one of the company’s faster growers. Back in February, RELX reported a 9% jump in underlying legal revenue, with adjusted operating profit up 12%—both figures getting a boost from Lexis+ AI and Protégé. Risk turned in 8% underlying revenue growth. Over in Scientific, Technical & Medical, revenue climbed 5%, with tools like Scopus AI, Sherpath AI, and LeapSpace making a difference.
Chief Executive Erik Engstrom pointed to the “continued evolution of artificial intelligence” as a driver behind RELX’s ability to roll out new products quickly, add more features, and keep costs rising slower than revenues. Back in February, Chief Financial Officer Nick Luff told Reuters the company’s edge comes from its constantly refreshed content, data, and proprietary algorithms—tools that serve professionals handling major decisions. Relx
The risk is still there. RELX shares have fallen 36.3% in the past 52 weeks and are down 17.5% since the start of the year, based on a London Stock Exchange tearsheet from April 1. Schroders analyst Jonathan McMullan pointed to the February slump, calling it a sign of a “deepening structural debate” about whether AI might chip away at the sector’s old visibility premium—the higher valuations investors had set for steady, recurring revenue. London Stock Exchange API
RELX hasn’t let up on cash returns. Right now, the company is working through a 350 million pound share buyback—set to wrap on April 22—after finishing off a 450 million pound round in March. Both count toward its planned 2.25 billion pounds in buybacks by 2026. Next up: April 23, when RELX will release a trading update and host its annual general meeting.
