RELX Plc (REL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. Thank you for taking the time to join us today. As you may have seen from our press release this morning, we delivered strong financial results in the first half. We made further operational and strategic progress, and we continue to see positive momentum across the group. Underlying revenue growth was 7%. Underlying adjusted operating profit growth was 9%. and adjusted earnings per share growth was 11% at constant currency. All four business areas continued to perform well. On this chart, you can see the relative sizes of the business areas and their growth rates. Risk with continued strong growth. STM with a step up to strong growth. Legal with a further step up in growth. and exhibitions with continued strong ongoing growth. In risk, underlying revenue growth was 8% and underlying adjusted operating profit growth was 10%. Strong growth continues to be driven across segments by our deeply embedded AI-enabled analytics and decision tools, leveraging our unique contributory and proprietary datasets with over 90% of revenue coming from machine-to-machine interactions. In business services, which represents over 40% of divisional revenue, strong growth continues to be driven by financial crime compliance and digital fraud and identity solutions and strong new sales. We continue to expand our extensive differentiated data assets with integrated advanced authentication and behavioral intelligence to address the increasing complexity of risk decisioning for our customers. In insurance, which represents around 40% of divisional revenue. Strong growth continues to be driven by further innovation and adoption of contributory databases and market-specific solutions and strong new sales. We continue to expand our products, adding data sources and analy...