Short answer
JOHN WILEY & SONS, INC. (WLY) filed its fiscal 2026 10-K annual report with the SEC on Jun 24, 2026. It reported revenue of $1.7B (−0.1% year over year) and net income of $222M.
- Top risk flagged: Regulatory risk from EU AI Act effective Aug 2026, imposes significant compliance burdens on AI system providers/deployers
FY2026 key financial metrics · XBRL
- Revenue
- $1.7B
- −0.1% YoY
- Net income
- $222M
- +163.3% YoY
- Operating margin
- 16.5%
- +3.3 pp YoY
- EPS (diluted)
- $4.16
- +171.9% YoY
- ROE
- 26.1%
- +14.9 pp YoY
- Operating cash flow
- $261M
- +28.6% YoY
Source: XBRL data from the JOHN WILEY & SONS, INC. (WLY) FY2026 10-K on SEC EDGAR. USD.
JOHN WILEY & SONS, INC. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global digital publishing and learning services focused on scientific research, academic, and professional content with 85% revenue from digital products
- AI-driven content licensing for corporate R&D and AI model training emphasized as new growth engine in Research Solutions segment
- Strategic shift towards expanding Journal Subscriptions, Transformational Agreements, and Open Access publishing to capture growing peer-reviewed research demand
- Employee count approximately 4,500 worldwide as of April 30, 2026, supporting global operations primarily in US and UK
- Commitment to net-zero emissions by 2040 with science-based targets validated by SBTi and expanded investments in digital and sustainable publishing innovations
Management Discussion & Analysis
- Revenue $1,676.5M, flat YoY; Research segment up 5% to $1,129.9M; Learning segment down 7% to $546.6M
- Operating income $276.9M, +25% YoY; Adjusted operating income $296.2M, +18%; Adjusted EBITDA $439.6M, +10%
- Best segment: Research with 8% constant currency Adjusted EBITDA growth, margin 33.2% vs 32.1%; Worst: Learning revenue down 7%, Adjusted EBITDA down 6%
- Operating cash flow $260.5M, +$57.9M; Free cash flow less product dev $195.3M, +$69.5M; $100M share repurchased; dividends $1.42/share annualized
- Management highlights AI licensing growth (AI revenue $49.1M vs $40M prior); new Emerald Publishing acquisition for $452M post fiscal year; ongoing restructuring for $120M annualized cost savings; expects further restructuring charges in FY27
Risk Factors
- Regulatory risk from EU AI Act effective Aug 2026, imposes significant compliance burdens on AI system providers/deployers
- Geopolitical exposure in China: 31% of 2025 research articles include China-based authors, risking impact from IP export restrictions
- Operational risk from legacy global Learning business platform with limited order management support, risking order processing disruptions
- Competitive threat from AI technologies causing product cannibalization and market disruption in publishing industry
- Financial concentration risk: 19% of revenue via journal subscription agents, with one agent max 10%, exposing cash flow to agent liquidity
Generated from the filing text; verify against the original. How to read a 10-K
Other JOHN WILEY & SONS, INC. annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.