Earnings per share

12 Months Ended

Dec. 31, 2023

Earnings per share

Earnings per share

10 Earnings per share

Accounting policy

Earnings per share (EPS) is calculated by taking the reported net profit attributable to shareholders and dividing this by the total weighted average number of shares.

The diluted figures are calculated after taking account of potential additional ordinary shares arising from share options and conditional shares. The dilutive impact is calculated as the weighted average of all potentially dilutive shares.

Adjusted earnings per share is calculated by dividing adjusted net profit attributable to RELX PLC shareholders by the total weighted average number of shares.

EARNINGS PER SHARE – FOR THE YEAR ENDED 31 DECEMBER	2021			2022			2023
	Net profit attributable to shareholders    £m	Weighted  average number  of shares   (millions)	EPS     (pence)	Net profit attributable to shareholders    £m	Weighted   average  number   of shares    (millions)	EPS     (pence)	Net profit attributable to shareholders    £m	Weighted   average  number   of shares    (millions)	EPS     (pence)
Basic earnings per share	1,471	1,928.0	76.3p	1,634	1,918.5	85.2p	1,781	1,891.8	94.1p
Diluted earnings per share	1,471	1,939.4	75.8p	1,634	1,929.3	84.7p	1,781	1,902.8	93.6p

ADJUSTED EARNINGS PER SHARE	2021			2022			2023
	Adjusted net profit attributable to  shareholders £m	Weighted average  number of shares   (millions)	Adjusted  EPS   (pence)	Adjusted net profit attributable to  shareholders  £m	Weighted average  number of shares   (millions)	Adjusted  EPS   (pence)	Adjusted net profit attributable to  shareholders £m	Weighted average  number of shares   (millions)	Adjusted  EPS   (pence)
Adjusted earnings per share	1,689	1,928.0	87.6p	1,961	1,918.5	102.2p	2,156	1,891.8	114.0p

RECONCILIATION OF ADJUSTED NET PROFIT ATTRIBUTABLE TO RELX PLC SHAREHOLDERS

2021	Pre-tax adjustment £m	Tax on adjustment £m	Total £m
Net profit attributable to shareholders			1,471
Adjustments:
Amortisation of acquired intangible assets	294	22	316
Other deferred tax credits from intangible assets*	-	(61)	(61)
Acquisition-related items	21	(11)	10
Net interest on net defined benefit pension obligation	9	(2)	7
Disposals and other non-operating items	(55)	1	(54)
Adjusted net profit attributable to shareholders			1,689

2022	Pre-tax adjustment £m	Tax on adjustment £m	Total £m
Net profit attributable to shareholders			1,634
Adjustments:
Amortisation of acquired intangible assets	296	30	326
Other deferred tax credits from intangible assets*	-	(64)	(64)
Acquisition-related items	62	(13)	49
Net interest on net defined benefit pension obligation	5	(1)	4
Disposals and other non-operating items	9	3	12
Adjusted net profit attributable to shareholders			1,961

10 Earnings per share (continued)

2023	Pre-tax adjustment £m	Tax on adjustment £m	Total £m
Net profit attributable to shareholders			1,781
Adjustments:
Amortisation of acquired intangible assets	280	32	312
Other deferred tax credits from intangible assets*	-	(61)	(61)
Acquisition-related items	56	(8)	48
Net interest on net defined benefit pension obligation	1	-	1
Disposals and other non-operating items	72	3	75
Adjusted net profit attributable to shareholders			2,156

* Movements on deferred tax liabilities arising on acquired intangible assets that do not qualify for tax amortisation.