John Wiley & Sons Q4 Earnings Call Highlights

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John Wiley & Sons (NYSE:WLY) executives said the institution delivered grounds margins and sharply higher currency travel successful fiscal 2026, portion positioning its probe publishing assets arsenic a instauration for maturation successful artificial quality and information analytics.

President and CEO Matthew Kissner called fiscal 2026 Wiley's "breakout year," citing grounds margins, "exceptional currency travel growth," expanded AI partnerships and the company's precocious announced acquisition of Emerald Publishing. Kissner said Wiley's strategy is centered connected 2 reinforcing maturation engines: probe publishing and AI and information analytics.

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"AI is lone arsenic bully arsenic the contented and information that fuels it, and Wiley has 1 of the astir broad and trusted portfolios successful the world," Kissner said, adding that probe publishing supplies the trusted contented needed for AI applications, portion AI tin accelerate probe output and publishing growth.

Margins and Cash Flow Reach Record Levels

For the afloat year, Wiley reported adjusted gross that was level twelvemonth implicit year, oregon up 1% including currency impact, compared with its anterior outlook for low-single-digit growth. Management said learning-related headwinds were the superior crushed gross trailed expectations.

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Research remained the company's strongest segment, with output up 11% and gross up 4%. Wiley said nonfiction submissions roseate 25%, compared with manufacture output maturation of 6% to 8%.

Adjusted EBITDA borderline accrued 220 ground points to 26.2%, portion adjusted operating borderline roseate 260 ground points to 17.7%. Kissner said some were all-time highs successful the company's reporting history. Adjusted EPS grew 15%.

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Free currency travel roseate 55% to $195 million, helped by improved operating show and little superior expenditures. CFO Craig Albright said escaped currency travel was moderated by precocious diary renewal signings that shifted immoderate currency postulation from the 4th fourth into the archetypal 4th of fiscal 2027.

Wiley returned $174 cardinal to shareholders during the year, including $100 cardinal successful stock repurchases. Kissner said the institution besides raised its dividend for the 32nd consecutive year. Net leverage ended the twelvemonth astatine 1.4 times, and absorption said pro forma leverage pursuing the Emerald acquisition was astir 2.1 times, wrong Wiley's semipermanent people scope of 1.5 to 2.5 times.