LONDON, April 6, 2026, 15:21 BST.
RELX’s U.S.-listed ADRs ticked 0.3% higher to $33.71 on Monday. Traders are eyeing the April 23 trading update and annual meeting, which will be the next official word on 2026 trading since the full-year numbers landed in February.
This is significant, as the stock still hasn’t recovered from the AI jitters back in February. On Feb. 6, Reuters noted RELX shares were under pressure, with AI concerns dominating. Over at the Wall Street Journal, the talk was about whether the company could hold its ground against legal AI startups.
RELX, in its April investor update, pointed to continued momentum across the business and projected another solid year for revenue and adjusted operating profit growth. The company also sees strong earnings-per-share growth at constant currency, which excludes exchange-rate swings. Its presentation listed 2025 revenue at 9.6 billion pounds and adjusted operating profit at 3.3 billion pounds.
Buybacks are in the mix as well. RELX kicked off a 350 million pound share repurchase on March 23, set to run until April 22, right after wrapping up a 450 million pound round. Both buyback tranches fall under the company’s broader 2.25 billion pound plan running through 2026.
According to a March 30 filing, the group picked up 3.43 million shares over the period from March 23 through March 27, bringing the total repurchased since Jan. 2 to 31.06 million. RELX said the shares are headed for treasury.
The biggest test for that pitch: legal software. RELX’s LexisNexis division is introducing Lexis+ with Protégé, aiming straight at those demands. “Integrated legal AI work environments”—that’s what lawyers want now, according to Sean Fitzpatrick, CEO for global legal at LexisNexis Legal & Professional. The new platform extends further into drafting, review, analysis and citation checking. LexisNexis
Back in February, Chief Financial Officer Nick Luff pointed to RELX’s strength: a steady stream of updated data and its own proprietary algorithms. Those tools, he told Reuters, provide “the right judgments, the right inferences, and the right interpretations” for professionals facing high-stakes decisions. Reuters
The pressure isn’t letting up. Back in February, Reuters flagged that Anthropic’s new tools had stoked worries about AI encroaching on the “application layer”—that’s the part of the stack where users operate. The news rattled shares of RELX, Wolters Kluwer, Thomson Reuters, and others. Schroders analyst Jonathan McMullan described it as a “deepening structural debate” facing the sector’s established players. Reuters
For RELX, the risk is clear—investors could demand stronger evidence that fresh AI offerings are outpacing the drag from tougher pricing pressure. “More narrow today,” is how James St. Aubin at Ocean Park Asset Management sized up the sector’s shrinking moat as AI rivals pile in. Reuters
