RDEB Balance Sheet - Relx PLC

Watchlist Manager

Watchlist

Price: 36.4 EUR 3.64% Market Closed

Market Cap: €45.1B

R	Relx PLC XMUN:RDEB	UK
	Pact Group Holdings Ltd OTC:PCTGY	AU
R	Resonac Holdings Corp SWB:SWD	JP
	Huatai Securities Co Ltd SSE:601688	CN
	Safilo Group SpA MIL:SFL	IT
	Adani Enterprises Ltd BSE:512599	IN
S	Sandoz Group AG OTC:SDZXF	CH
C	China Conch Venture Holdings Ltd OTC:CCVTF	CN
	Morgan Stanley NYSE:MS	US
	BrainChip Holdings Ltd ASX:BRN	AU
	Hanjaya Mandala Sampoerna Tbk PT OTC:PHJMF	ID
	Mishra Dhatu Nigam Ltd NSE:MIDHANI	IN
	China Merchants Port Holdings Co Ltd HKEX:144	HK
B	Bidvest Group Ltd JSE:BVT	ZA
H	Halliburton Co XMUN:HAL	US
N	Novartis AG SWB:NOT	CH
	Budweiser Brewing Company APAC Ltd HKEX:1876	HK
	T&G Global Ltd NZX:TGG	NZ
	Disco Corp TSE:6146	JP
	Ash-Sharqiyah Development Company SJSC SAU:6060	SA
A	Aether Industries Ltd BSE:543534	IN
	Franklin Resources Inc NYSE:BEN	US
	Premia Finance SpA Societa di Mediazione Creditizia MIL:PFI	IT
W	Williams-Sonoma Inc XMUN:WM1	US

Financial profile · Q2 FY2026

A recurring information platform combining steady growth with rising operating leverage

RELX has delivered sustained revenue growth and expanding operating profitability across the multi-year record, showing operating leverage in a scalable information-and-analytics model. It also produces substantial operating cash with contained capital spending, allowing recurring shareholder distributions while acquisitions and debt remain meaningful uses of capital.

What is developing

The latest comparable period extends the established pattern: revenue rose modestly while operating income grew faster and free cash flow remained positive. Reported net income and EPS accelerated more sharply because lower net interest expense and a positive non-recurring item supplemented operating growth, so the underlying model appears reinforced rather than fundamentally changed.

What matters next

Whether operating cash flow growth catches up with the higher capitalised-development spending base while cash conversion remains stable.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	162m	111m	114m	138m	88m	113m	334m	155m	119m	131m
Cash Equivalents	162m	111m	114m	138m	88m	113m	334m	155m	119m	131m
Total Receivables	2B	1.7B	1.8B	1.8B	1.7B	1.6B	2.1B	2B	2.2B	2.2B
Accounts Receivables	2B	1.6B	1.7B	1.8B	1.7B	1.6B	2.1B	2B	2.2B	2.2B
Other Receivables	0	57m	49m	61m	62m	12m	20m	10m	44m	13m
Inventory	209m	197m	212m	217m	240m	253m	309m	318m	331m	311m
Other Current Assets	20m	242m	234m	259m	226m	347m	331m	366m	318m	343m
Total Current Assets	2.4B	2.2B	2.4B	2.4B	2.3B	2.4B	3.1B	2.9B	3B	3B
PP&E Net	549m	481m	461m	444m	378m	292m	271m	212m	171m	159m
PP&E Gross	—	481m	461m	444m	378m	292m	271m	212m	171m	159m
Accumulated Depreciation	—	(622m)	(665m)	(635m)	(571m)	(552m)	(492m)	(408m)	(316m)	(270m)
Intangible Assets	3.6B	3.2B	3.5B	3.5B	3.4B	3.3B	3.5B	3.2B	3.2B	3.1B
Goodwill	6.4B	6B	6.9B	6.8B	7.2B	7.4B	8.4B	8B	8.2B	7.9B
Note Receivable	—	—	—	31m	27m	19m	5m	1m	16m	7m
Long-Term Investments	239m	243m	255m	251m	362m	212m	286m	275m	261m	295m
Other Long-Term Assets	524m	539m	499m	342m	455m	308m	286m	294m	309m	334m
Other Assets	6.4B	6B	6.9B	6.8B	7.2B	7.4B	8.4B	8B	8.2B	7.9B
Total Assets	13.7B	12.6B	14B	13.8B	14.1B	13.9B	15.8B	14.9B	15.1B	14.8B
Accounts Payable	3.5B	240m	187m	173m	154m	109m	129m	171m	223m	89m
Accrued Liabilities	—	777m	838m	813m	808m	859m	1B	1B	1B	1.2B
Short-Term Debt	0	464m	686m	779m	307m	131m	102m	220m	762m	887m
Current Portion of Long-Term Debt	1.2B	298m	706m	1.3B	540m	101m	768m	1.1B	650m	684m
Other Current Liabilities	714m	2.9B	2.9B	2.9B	2.6B	2.5B	3.2B	3B	3.1B	3.2B
Deferred Revenue	—	1.9B	2B	2.1B	1.9B	2B	2.4B	2.3B	2.3B	2.4B
Total Current Liabilities	5.4B	4.7B	5.3B	5.9B	4.4B	3.7B	5.2B	5.5B	5.7B	6B
Long-Term Debt	4.1B	4.5B	5B	4.4B	6.3B	5.9B	5.9B	5.2B	5.1B	5.7B
Deferred Income Tax	1.1B	738m	830m	593m	665m	591m	590m	473m	473m	405m
Minority Interest	38m	21m	30m	24m	2m	(8m)	(22m)	(21m)	23m	24m
Other Liabilities	820m	426m	516m	705m	729m	360m	438m	331m	306m	265m
Total Liabilities	11.4B	10.3B	11.7B	11.6B	12B	10.6B	12.1B	11.5B	11.7B	12.4B
Common Stock	226m	224m	290m	286m	286m	286m	279m	275m	272m	264m
Retained Earnings	(215m)	425m	984m	979m	1.2B	2.1B	1.7B	1.8B	1.8B	732m
Additional Paid In Capital	3B	3.1B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B
Treasury Stock	(1.5B)	(1.6B)	(734m)	(834m)	(887m)	(876m)	(414m)	(553m)	(722m)	(406m)
Other Equity	727m	170m	374m	292m	27m	250m	677m	392m	567m	129m
Total Equity	2.3B	2.3B	2.3B	2.2B	2.1B	3.2B	3.8B	3.5B	3.5B	2.4B
Total Liabilities & Equity	13.7B	12.6B	14B	13.8B	14.1B	13.9B	15.8B	14.9B	15.1B	14.8B
Common Shares Outstanding	2B	2B	2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.8B