WLY earnings analysis
What we found in WLY's 10-K: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Wiley reported stable revenue of $1.68 billion for fiscal year 2026, consistent with 2025, while achieving a substantial 25% increase in operating income due to effective cost management and restructuring initiatives. The gross margin remained strong at 74%, and EPS rose significantly to $4.16, reflecting a strategic focus on digital growth and AI applications. The company intends to continue investing in pertinent growth sectors, including its recent acquisition of Emerald Publishing for $452 million to bolster research capabilities.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Flat Revenue with Improved Operating Income
- Revenue for FY 2026 was $1.68 billion, consistent with FY 2025, while operating income increased by 25% to $276.9 million.
- Record Adjusted EPS Growth
- Reported diluted EPS of $4.16, up from $1.53 in the previous year, reflecting a solid earnings recovery.
- Strong Free Cash Flow
- Free cash flow less product development spending rose to $195.3 million, up $69.5 million from FY 2025.
- Successful Cost Saving Initiatives
- Operating and administrative expenses decreased by 5%, mostly due to restructuring efforts.
- Growth in AI License Revenue
- AI license revenue reached $49.1 million, up from $40 million the previous year.
- Strategic Acquisition of Emerald Publishing
- The acquisition of Emerald Publishing for £337.5 million aims to enhance growth in the research segment.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Litigation Exposure
- Ongoing legal proceedings could affect financial results; claims related to a $1.5 billion AI copyright settlement are pending.
- Macroeconomic Pressures
- Potential economic downturns, highlighted by fluctuating consumer demand and inflationary pressures, may impact revenue.
- Cybersecurity Threats
- The risk of cyberattacks remains high; the company is implementing measures to safeguard against potential breaches.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $4.16
- Gross margin
- 74.9%
- Operating margin
- 16.5%
- Segment
- Research
- Segment
- Learning
- Segment
- Held for Sale or Sold
What they said about what is next.
Guidance for Q1 2027 reflects anticipated revenue between $460 million and $480 million and EPS expectations of $1.75 to $1.85.
The filing reads better than the one before it.
What came before.
- 10-Q · March 6, 2026
- John Wiley & Sons reported quarterly revenue of $410,036,000 (three months ended January 31, 2026), up $5,410,000 (≈1.3%) versus $404,626,000 in the prior-year quarter. Operating income improved to $62,758,000…
- 10-Q · December 5, 2025
- Wiley reported quarterly revenue of $421,751,000 (three months ended October 31, 2025), down from $426,595,000 a year ago, while operating income improved to $72,996,000 from $64,133,000 and diluted EPS rose to $0.84…
- 10-K · June 25, 2025
- John Wiley & Sons positions itself as a predominantly digital, subscription-driven publisher: for fiscal year 2025 the company reports 83% of Adjusted Revenue from digital products and 48% of Adjusted Revenue as…
- 10-Q · March 7, 2025
- John Wiley & Sons reported revenue of $404.626M for the three months ended January 31, 2025, down from $460.705M a year earlier, but delivered an operating income turnaround to $51.831M versus an operating loss of…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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