John Wiley & Son

Q4 FY2026 EarningsFY26 revenue was flat at $1,676.5M, but Adjusted Operating Income rose 18% YoY to $296.2M. Research led growth with a 4% CC revenue increase, driven by a 25% surge in Open Access output and a tripling of AI licensing revenue to $33.1M. Learning revenue fell 7% CC due to print book declines. Net income jumped to $221.6M (EPS $4.16) from $84.2M, primarily due to a $70M US tax valuation allowance release. Free Cash Flow surged 55% YoY to $195.3M, enabling $100M in share repurchases and the subsequent $452M acquisition of Emerald Publishing.