Q2 2026 John Wiley & Sons Inc Earnings Call Transcript
Key Points
- John Wiley & Sons Inc (WLY) reported strong growth in its research segment, with a 7% increase in Research Publishing revenue driven by worldwide demand.
- The company achieved close to $100 million in AI training revenue in less than two years, highlighting its successful expansion into AI markets.
- Adjusted operating margin improved by 250 basis points to 18.8%, reflecting disciplined cost management and capital allocation.
- John Wiley & Sons Inc (WLY) increased its share repurchases by 69% this quarter, returning $73 million to shareholders through buybacks and dividends.
- The company maintains a strong balance sheet and expects to drive leverage materially lower by the end of fiscal year 2026.
- The Learning segment faced market challenges, with an 11% decline in revenue due to factors such as Amazon's inventory management changes and soft consumer spending.
- Enrollment challenges in select disciplines, particularly an 8% decline in computer science, impacted the company's digital courseware offerings.
- Corporate spending and hiring softness led to lower consumption of personality assessments and team development programs.
- The company narrowed its revenue outlook to the lower end of the range, expecting low single-digit growth due to ongoing challenges in the Learning segment.
- Research Solutions experienced a 6% decline due to lower corporate spending on advertising and recruiting.
Good morning, and welcome to Wiley's second quarter and fiscal 2026 earnings call. As a reminder, this conference is being recorded. (Operator Instructions)
At this time, I'd like to introduce Wiley's Vice President of Investor Relations, Brian Campbell. Please go ahead.
Good morning, everyone. On the call with me today are Matt Kissner, President and CEO; Craig Albright, Executive Vice President and CFO; and Jay Flynn, Executive Vice President and General Manager of Research and Learning.
Note that our comments and responses reflect management views as of today and will include forward-looking statements. Actual results may differ materially from those statements. The company does not undertake any obligation to update them to reflect subsequent events. Also, Wiley provides non-GAAP measures as a supplement to evaluate underlying operating profitability and performance trends.
These measures do not have standardized meanings prescribed by US GAAP and
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