Q4 2026 John Wiley & Sons Inc Earnings Call Transcript
Key Points
- John Wiley & Sons Inc (WLY) delivered record margins and exceptional cash flow growth in fiscal 2026.
- The company accelerated its leadership position in the AI economy with transformational AI partnerships and strategic acquisitions.
- Research Publishing saw mid-single-digit growth with strong recurring revenue and market share gains.
- AI revenue grew significantly from $40 million to $49 million, with a rapidly expanding recurring base.
- The acquisition of Emerald Publishing is expected to be accretive to earnings and free cash flow, enhancing Wiley's scale and content advantage.
- Adjusted revenue was flat year-over-year, with learning headwinds being a primary challenge.
- The Learning segment faced revenue declines due to market-related challenges and softer print revenue.
- There were delays in cash collections from journal renewals, impacting free cash flow timing.
- The company faces ongoing challenges in the retail environment, particularly with Amazon's inventory practices.
- Emerald acquisition is expected to be modestly dilutive to free cash flow in the first year due to integration costs and interest expenses.
Good morning, and welcome to Wiley's fourth-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. With me today are Matt Kissner, President and CEO; and Craig Albright, Executive Vice President and CFO. 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, therefore, may not be comparable to similar measures used by other companies, nor should they be viewed as alternatives to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
