Research, the company’s largest segment, reported revenue of €1,112.6 million (9M 2024: €1,044.4 million) with underlying growth of 7.0% driven by the Journals portfolio, with particular strength in Full Open Access (FOA). The number of published articles rose by more than 10% across the whole portfolio and over 25% in FOA journals.
In the first nine months, Springer Nature completed its 2025 contract renewals and the new contract renewal season, which began in September, is progressing as expected. During the first nine months of 2025, Springer Nature has signed 18 transformative agreements to further accelerate the shift to open access, with one new agreement signed in Q3, bringing the total of transformative agreements in place to 84.
Book revenues grew in the first nine months in both digital and print book formats. Print growth reflects the comparison against a weaker performance last year and positive phasing of distributor orders in the third quarter of 2025. Digital continues to represent around 70% of book sales. Services revenues benefited from good growth in text and data mining (TDM) solutions for corporate customers, offset by a more challenging market for talent-related services in the US.
The company continued to invest in a range of initiatives to support growth and ensure research integrity. It also maintained a focus on developing AI tools to transform the publication process, provide more value to our communities and create new revenue streams. Nature Research Assistant, an AI tool designed to speed up some of the most time-consuming parts of the research process, has been well received and is now being used by more than 8,000 beta users.
Adjusted operating profit in Research grew 8.2% in underlying terms to €351.5 million, exceeding the growth in revenue during the period.
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| Research Data Curation and Management Works |
| Digital Curation and Digital Preservation Works |
| Open Access Works |
| Digital Scholarship |