[MrGunn]

Again, Dmitri, there's plenty of reasons to criticize Elsevier without making things up. RELX doesn't break out profit by division, but the operating margin for Elsevier is around 22%, which anyone can read for themselves in their annual report.

[dmitriz]

The figure of 40% appears in quite a number of sources. Do they all make things up? Does the "operating margin" somehow refute it? Does "operating" here mean 22% after subtracting all additional (possibly luxurious or generously allocated) expenses?

No one really wants to criticise anyone and every work should be fairly rewarded. It is the unfair part that people are objecting to.

[Vinnl]

Which division has the highest operating margin (and what is that margin)?