John Wiley & Sons Q4 and Fiscal 2026 Earnings Results with Record Margins and AI Growth

John Wiley & Sons reported strong fiscal 2026 results with revenue of $1.677 billion (flat year-over-year), operating income of $277 million (+25%), and diluted EPS of $4.16 versus $1.53. The company achieved record margins with adjusted EBITDA margin expanding 220 basis points to 26.2% and adjusted operating margin up 260 basis points to 17.7%. Research segment revenue grew 4% to $1.13 billion, while Learning declined 7% to $547 million. AI revenue grew 23% to $49 million with lifetime AI revenue surpassing $110 million. Free cash flow increased 55% to $195 million, and the company returned $174 million to shareholders through dividends and share repurchases. The company acquired Emerald Publishing after year-end to expand Research scale and proprietary content advantage in AI. Fiscal 2027 outlook includes mid-single digit organic revenue growth, adjusted EBITDA margin of 26.5-27.5%, adjusted EPS of $4.60-$5.05, and free cash flow of $205 million.