RELX · RELX Plc

RELX's AGM trading update confirms robust year-to-date performance across its four segments—Business Services, Insurance, Scientific, Technical & Medical, and Legal—while Exhibitions maintains strong growth despite Middle East event rescheduling. Strong underlying revenue growth stems from deeply embedded AI-enabled analytics and decision tools, with Business Services propelled by Financial Crime Compliance and digital Fraud & Identity solutions, alongside strong new sales. Insurance benefits from contributory databases and market-specific innovations. Scientific, Technical & Medical shows improving growth via business mix evolution toward higher-value analytics, accelerated new product launches, and AI tool rollout, complemented by strong article submission volume in Primary Research. Legal's double-digit growth in Law Firms & Corporate Legal is driven by adoption of the core AI-enabled platform Lexis+ with Protégé, with extensions into Government & Academic and News & Business. Exhibitions advances digital initiatives amid an optimized event portfolio. The reaffirmed full-year outlook anticipates positive momentum, strong underlying revenue growth group-wide, adjusted operating profit growth outpacing revenue (except Exhibitions specifying margin improvement), and strong constant-currency adjusted EPS growth. This underscores RELX's strategic pivot to high-growth analytics leveraging unique content, data, and AI, enhancing customer value and long-term trajectory for investors.