RELX Plc
IndustrialsNYSE:RELX · New York Stock Exchange
+$0.45 today
Vol 1.58M · Avg 2.94M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$19.0B of revenue converted into $4.0B of net income for the selected period. Gross margin is 65.0% and net margin is 21.0%, showing how much revenue survives after costs and taxes. EPS is $2.15, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.4B -0.6% | $9.4B +3.0% | $9.2B +7.1% | $8.6B +18.1% | $7.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.4B +3.2% | $3.3B +2.6% | $3.2B +5.6% | $3.0B +18.9% | $2.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $6.0B -2.6% | $6.1B +3.2% | $5.9B +7.9% | $5.5B +17.6% | $4.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 63.7% -1.3pp | 65.0% +0.1pp | 64.9% +0.5pp | 64.4% -0.2pp | 64.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 -100.0% | $364.0M +10.3% | $330.0M +6.8% | $309.0M +4.7% | $295.0M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $3.1B -7.8% | $3.3B +0.2% | $3.3B +3.3% | $3.2B +13.3% | $2.8B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $3.1B -6.6% | $3.3B +0.3% | $3.3B +1.8% | $3.2B +13.3% | $2.8B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $735.5M +151.9% | $292.0M -59.3% | $717.0M -8.7% | $785.0M +8.4% | $724.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $3.7B +18.7% | $3.1B -5.5% | $3.3B +8.2% | $3.1B +15.7% | $2.6B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 39.6% +6.4pp | 33.2% -3.0pp | 36.2% +0.4pp | 35.8% -0.7pp | 36.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $2.9B +2.0% | $2.9B +6.7% | $2.7B +15.5% | $2.3B +23.3% | $1.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 31.1% +0.8pp | 30.3% +1.1pp | 29.3% +2.1pp | 27.2% +1.2pp | 26.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $11.7M +30.4% | $9.0M +28.6% | $7.0M +75.0% | $4.0M -50.0% | $8.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $291.5M +3.7% | $281.0M -6.3% | $300.0M +46.3% | $205.0M +36.7% | $150.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$227.9M +25.0% | -$304.0M +21.4% | -$387.0M -69.0% | -$229.0M -163.2% | -$87.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $2.7B +5.2% | $2.6B +11.4% | $2.3B +9.6% | $2.1B +16.5% | $1.8B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 28.7% +1.6pp | 27.1% +2.1pp | 25.1% +0.6pp | 24.5% -0.3pp | 24.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $657.3M +7.2% | $613.0M +20.9% | $507.0M +5.4% | $481.0M +47.5% | $326.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $2.0B +4.4% | $1.9B +8.6% | $1.8B +9.0% | $1.6B +11.1% | $1.5B | $4.9B | $4.8B | $4.7B |
| Net Margin | 21.5% +1.0pp | 20.5% +1.1pp | 19.4% +0.3pp | 19.1% -1.2pp | 20.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +6.8% | $1 +9.6% | $1 +10.6% | $1 +11.8% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +6.8% | $1 +9.6% | $1 +10.6% | $1 +11.8% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.8B -2.2% | $1.9B -1.4% | $1.9B -0.8% | $1.9B -0.5% | $1.9B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.8B -1.8% | $1.9B -1.4% | $1.9B -1.4% | $1.9B -0.5% | $1.9B | $1.2B | $924.4M | $678.0M |
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How much revenue does RELX generate?
RELX Plc (RELX) reported $9.38B of revenue in fiscal 2025.
Is RELX profitable?
RELX Plc (RELX) reported $2.02B of net income, with a net margin of 21.5%.
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